Markforged

Jury Awards Continuous Composites Over $17 Million in Past Damages For Patent Infringement by Markforged

Retrieved on: 
Monday, April 15, 2024
Professional Services, Engineering, Legal, Manufacturing, Other Manufacturing, Textiles, Continuity, Sale, IP, Markforged, District court, Court, Andrew Downey Orrick, 3D printing

Continuous Composites Inc., an advanced manufacturing and materials company, announced today that a federal jury in the District Court of Delaware unanimously found that Markforged, Inc. (“Markforged”) infringed Continuous Composites’ patents by selling infringing 3D printers.

Key Points: 
  • Continuous Composites Inc., an advanced manufacturing and materials company, announced today that a federal jury in the District Court of Delaware unanimously found that Markforged, Inc. (“Markforged”) infringed Continuous Composites’ patents by selling infringing 3D printers.
  • The jury awarded $17 million in past damages for sales of continuous fiber printers, finding that Markforged infringed on Continuous Composites’ foundational patent, U.S. Patent 11,173,660, and rejecting Markforged’s argument that it invented it first.
  • The jury awarded over $17 Million in past damages for sales of the infringing Markforged products from November 16, 2021 through December 31, 2023.
  • “We are thankful for the jury’s diligence in recognizing Markforged’s infringement and our prior rights to Continuous Composites’ foundational patents.

Markforged Announces Jury Verdict in Patent Case

Retrieved on: 
Saturday, April 13, 2024
Legal, Professional Services, Other Manufacturing, Manufacturing, Annual report, Markforged, Patent, District court, Judgement

The jury returned a verdict against Markforged, Inc., a wholly-owned subsidiary of the Company, in the amount of $17.34 million.

Key Points: 
  • The jury returned a verdict against Markforged, Inc., a wholly-owned subsidiary of the Company, in the amount of $17.34 million.
  • The jury found one of the two patent claims Continuous Composites asserted at trial against the Company to be invalid and not infringed.
  • However, the jury found that the Company had infringed the other patent claim and awarded monetary damages.
  • The Company strongly disagrees with this verdict and intends to seek to overturn the verdict in post-trial motions with the District Court.

Hawk Ridge Systems and DyeMansion Forge New Partnership to Bring End-Use Parts to Market

Retrieved on: 
Tuesday, February 13, 2024
Other Manufacturing, Technology, Engineering, Chemicals, Plastics, Other Technology, Manufacturing, Software, Hardware, Electronic Design Automation, Markforged, Dassault Group, Canon PowerShot S, 3D, HP, Artec, Canon PowerShot, Ametek, Automation, MJF, Partnership, 3D printing

Hawk Ridge Systems and DyeMansion form a strategic partnership to bring more high-quality 3D printing post-processing solutions to multi jet fusion (MJF) customers, additive manufacturers and sustainability creators.

Key Points: 
  • Hawk Ridge Systems and DyeMansion form a strategic partnership to bring more high-quality 3D printing post-processing solutions to multi jet fusion (MJF) customers, additive manufacturers and sustainability creators.
  • For nearly 30 years, Hawk Ridge Systems has served the U.S. and Canadian markets as a leading provider of design-to-manufacturing solutions, from engineering and manufacturing software to 3D printers and scanners.
  • This partnership will provide our MJF customers with more sustainable, high-quality opportunities as they continue innovating into the future,” said Dale Ford, President and CEO of Hawk Ridge Systems.
  • For more information about this partnership or 3D printing post-processing solutions, contact Hawk Ridge Systems at [email protected] or visit the website at www.hawkridgesys.com , or contact DyeMansion at [email protected] or through its website at www.dyemansion.com .

Additive Manufacturing in the Energy Sector: New AM Research Report Sees $2.6B of 2023 Market Activity in 2023, Growing to $17B in 2032

Retrieved on: 
Tuesday, January 30, 2024
EOS, DNV, ConocoPhillips, Shell, Energy, Stratasys, Oil, Markforged, GE Power, Research report, Rethinking, 3D Systems, Lloyd's Register, DNV GL, ExxonMobil, Organization, American Petroleum Institute, Desktop Metal, Growth, Renewable energy

The comprehensive study sheds light on the rapid evolution and potential impact of additive manufacturing technologies on the Oil & Gas, Nuclear and Renewable Energy landscapes.

Key Points: 
  • The comprehensive study sheds light on the rapid evolution and potential impact of additive manufacturing technologies on the Oil & Gas, Nuclear and Renewable Energy landscapes.
  • The study's findings hold significant implications for energy providers, technology providers, investors and policymakers, indicating the need for proactive measures to harness the full potential of additive manufacturing in addressing the ever-evolving energy landscape.
  • Additionally, the report includes a market forecast, highlighting the significant growth potential of AM in the energy sector, segmented by technology, material, and application.
  • This AM Research report is authored by Oliver Smith, of ReThink Additive.

Sidus Space Unveils Cutting-edge Multi-Material 3D Printed Space Hardware Division

Retrieved on: 
Thursday, January 18, 2024
Mobile, Wireless, Machinery, Internet, Hardware, Data Management, Technology, Other Manufacturing, Satellite, Engineering, Chemicals, Plastics, Aerospace, Telecommunications, Manufacturing, Carbon, Database, Fiberglass, Aluminium, Multi-material 3D printing, Kevlar, Markforged, 3D, Printing, PLA, TPU, Sidus, Onyx, Carbon-fiber-reinforced polymers, 3D printing

Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a multi-faceted Space and Data-as-a-Service company, has achieved another milestone by introducing its innovative Multi-Material 3D Printing Division.

Key Points: 
  • Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a multi-faceted Space and Data-as-a-Service company, has achieved another milestone by introducing its innovative Multi-Material 3D Printing Division.
  • The Company's expertise expands beyond traditional hardware and satellite manufacturing, now offering innovative engineering and advanced 3D printing services.
  • Building on the success of constructing LizzieSat™ with the Onyx nylon 3D printed materials, Sidus Space is extending its capabilities to the broader market.
  • "Expanding our services to include Multi-Material 3D Printing is a natural progression for Sidus Space.

Markforged Announces Third Quarter 2023 Results

Retrieved on: 
Monday, November 13, 2023
Engineering, Technology, Manufacturing, Software, Other Manufacturing, Hardware, Webcast, Carbon, NYSE, Investment, PEKK, EPS, Vega, Uncertainty, GAAP, Growth, 3D, Average cost, Cryptocurrency, Video game, Music, Reinsurance, Pharmaceutical industry, Markforged

Markforged Holding Corporation (NYSE: MKFG) (the “Company”), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced its financial results for the third quarter and nine months ended September 30, 2023.

Key Points: 
  • Markforged Holding Corporation (NYSE: MKFG) (the “Company”), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced its financial results for the third quarter and nine months ended September 30, 2023.
  • Cash, cash equivalents, and short-term investments were $126.0 million as of September 30, 2023 compared to $136.0 million as of June 30, 2023.
  • Nine Months Ended September 30, 2023 Financial Results Compared To Nine Months Ended September 30, 2022
    Revenue was $69.6 million compared to $71.3 million.
  • In the third quarter, Markforged achieved another critical milestone toward the future of distributed manufacturing with the launch of Digital Source.

AM Research Publishes In-Depth Market Study on Additive Manufacturing for Military and Defense; Estimates $0.3B in Direct DoD Spend in 2023, Growing to $1.8B in 2032

Retrieved on: 
Tuesday, November 14, 2023
Raytheon Technologies, Organization, United States Army, Microsoft Excel, 3D Systems, Research, United States Navy, Printing, Defense, BASF, Kremenetsky Uyezd, GE Aviation, Stratasys, Research report, XEROX, Markforged, Forecasting, General Dynamics, 3D, Nano-thermite, News, 3D printing processes, 3D printing, Arms industry, Boeing

The comprehensive study sheds light on the rapid evolution and potential impact of additive manufacturing technologies on the defense and military landscape.

Key Points: 
  • The comprehensive study sheds light on the rapid evolution and potential impact of additive manufacturing technologies on the defense and military landscape.
  • "Additive Manufacturing for Military and Defense" focuses on the United States' military and defense initiatives to incorporate and leverage 3D printing into its operations.
  • The report considers revenues derived from hardware, materials and printing services for both the polymer and metal additive manufacturing markets.
  • Prior to XEROX, Rosman held senior roles at Stratasys, one of the two largest 3D printing companies in the world.

Markforged Releases Vega™, an Ultra High Performance Material Designed for 3D Printing Aerospace Components on the FX20™

Retrieved on: 
Tuesday, November 7, 2023
Engineering, Chemicals, Plastics, Aerospace, Manufacturing, Smoke, 3D, Vega, NYSE, Temperature, PEKK, FST, Carbon, Aluminium, Multimedia, Continuity, Weight, Plastic, Continuous fiber reinforced thermoplastic, Printed circuit board, Carbon fibers, Markforged, Toxicity

Markforged Holding Corporation (NYSE: MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today released Vega™, an ultra high performance filament designed for aerospace manufacturing on Markforged’s FX20™ printer.

Key Points: 
  • Markforged Holding Corporation (NYSE: MKFG), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today released Vega™, an ultra high performance filament designed for aerospace manufacturing on Markforged’s FX20™ printer.
  • View the full release here: https://www.businesswire.com/news/home/20231107585158/en/
    Vega is a carbon fiber-filled PEKK that can save weight, cost and lead time by replacing aluminum.
  • “Vega is formulated to expand aerospace applications for our customers,” said Shai Terem, CEO of Markforged.
  • The new material expands the utility of 3D printing with Continuous Fiber Reinforcement for aerospace manufacturing from aesthetic parts to non-critical structural parts in interiors and similar applications.

Markforged Introduces FX10, The Most Versatile Tool Designed For The Factory Floor

Retrieved on: 
Tuesday, November 7, 2023
Technology, Machinery, Other Manufacturing, Machine Tools, Metalworking & Metallurgy, Textiles, Steel, Packaging, Engineering, Chemicals, Plastics, Transport, Automotive Manufacturing, Aerospace, Logistics, Supply Chain Management, Manufacturing, Software, Hardware, Electronic Design Automation, 3D, NYSE, Generalized continued fraction, Printing, Multimedia, CFR, Automation, 3D printing, Printed circuit board, Markforged

Continuing Markforged’s heritage of reliable printers that deliver strong, precise parts, the FX10 is designed to supercharge manufacturing line productivity and profitability.

Key Points: 
  • Continuing Markforged’s heritage of reliable printers that deliver strong, precise parts, the FX10 is designed to supercharge manufacturing line productivity and profitability.
  • View the full release here: https://www.businesswire.com/news/home/20231107499924/en/
    The FX10 features built-in automation for quality assurance and print routines designed to deliver strong, accurate parts every print.
  • (Photo: Business Wire)
    “We engineered the FX10 to be the best tool for the manufacturing floor,” said Shai Terem, CEO of Markforged.
  • The FX10 can accelerate the digitization of the manufacturing floor by increasing the adoption of digital inventory to build supply chain resiliency.

Markforged Schedules Third Quarter 2023 Earnings Announcement; Provides Preliminary Third Quarter Results and Updates 2023 Revenue Guidance

Retrieved on: 
Monday, October 23, 2023
Electronic Design Automation, Technology, Photography, Manufacturing, Machinery, Hardware, Growth, NYSE, Webcast, Uncertainty, Cryptocurrency, Video game, Markforged

Revenue for the third quarter was approximately $20 million, and the Company ended the September quarter with a cash, cash equivalent, and short-term investment balance of approximately $126 million.

Key Points: 
  • Revenue for the third quarter was approximately $20 million, and the Company ended the September quarter with a cash, cash equivalent, and short-term investment balance of approximately $126 million.
  • Macroeconomic headwinds accelerated towards the end of the quarter, which led to unexpected delays in closing deals that the Company had expected to close in the third quarter.
  • The Company anticipates these headwinds will continue in the fourth quarter and is adjusting its full year guidance to reflect these challenges.
  • Markforged plans to release financial results for the third quarter ended September 30, 2023 after the market closes on Monday, November 13, 2023.