My name is Michael Feygin. I am the president and the founder of Cubic Technologies. Today I am going to introduce to you LOMR or Laminated Object Manufacturing with Refill - a revolutionary-fast line of 3D-Printers. With your participation we are looking forward to its commercial introduction.
The closest analogy to 3D-Priners among today’s technologies that immediately comes to mind is ubiquitous computer printers, producing images and text on demand. However, it is easy to forget another printing analogy, which traces its lineage to a modest Guttenberg printer that has eventually evolved into the high-speed, computerized printing-presses of the present day. Within a few hours these machines are capable of printing and collating thousands of newspapers and magazines for an entire city. Inspired by this analogy, the technology of the present invention will represent a significant step in moving 3D-Printing beyond its current functions of creating models, prototypes, and small batches of parts towards the era of 3D-Printer-based mass-production.
Cubic Technologies, Inc. is developing Additive Manufacturing systems, otherwise known as 3D-printers for producing three-dimensional objects of unlimited complexity out of thin plastic films stabilized on removable carrier ribbons.
Even though additive processes have made a significant progress over the recent years, they are not nearly mature enough to replace conventional manufacturing technologies. Layer-by-layer printing of items is simply not possible today at the speed and scale required to replace casting, molding, machining, assembly, and other traditional manufacturing methods. Low speed of production of the existing 3D-printing processes is primarily caused by their need to form each layer of the printed object sequentially, on the top of the previously formed layer. On the other hand the proposed LOMR (Laminated Object Manufacturing with Refill) system exercises a parallel approach capable of dramatically improving the speed. The machine can perform cutting of several consecutive layers at one station, while selective adhesive deposition is being performed at another one. At the same time the machine can do stacking and bonding of new layers on its laminating platform.
The LOMR is going to be proprietary and covered by multiple patents. It is one of the few underexplored Additive Technologies on the market; a true “pure play”. The 3D printing market is growing rapidly and we aim to “ride this wave”. Due to the fact that LOM process forms its layers by cutting around their periphery our technology is very advantageous at producing large parts rapidly. Therefore, we aim at creating the largest and the fastest industrial 3D printers with the lowest price per cubic inch or the woks space. We also aim at utilizing the available infrastructure of industrial color printers and sign cutters in producing color-enabled machines. This technology will also open the doors to the development and marketing of proprietary sheet materials. This will be a lucrative and revenue stabilizing segment of the company’s business. In our development we will utilize available infrastructure components of Helisys which we own. Our founder is uniquely experienced in sheet based 3D Printing equipment and its commercialization.
The founder of the company Michael Feygin is a Certified Professional Engineer with a Master of Science degree in Mechanical Engineering from Illinois Institute of Technology. In the late 1980s he founded Helisys one of the pioneering companies in the field of 3D Printing. In 1996 he took Helisys public on NASDAQ. Mr Feygin authored five groundbreaking patents in the field of Additive Manufacturing. At the present time the founder is looking for co-founders and additional team member. It particular we are looking for graduate students or engineers with an expertise in robotics or real-time computer control of mechanical systems. We are also looking for materials and software engineers who will help the company with its product and technology development.
The machine that we envision is illustrated on this slide. It forms 3D object out of fabrication plastic ribbon lightly adhered to a carrier sheet and automatically removes waste material surrounding the object. On the top of the machine there is an XY gantry positioning a laser beam or a knife, which cuts the outlines of layers of a three-dimensional object. Additionally a syringe or a printer head carried by the same gantry deposits adhesive within contours containing waste; The same gantry also prints color patterns onto the layers. Once the material ribbon is advanced, the portions containing waste material adhere to the peel-off tape and are automatically removed by it. A stacking mechanism at the bottom of the machine automatically laminates the formed layers onto its platform until the entire three-dimensional object is comple.
The 3D-printer market is projected to have the growth rate – 30%. Over the last three years the desctop 3D-Printers market was estimated to be 60,000 units/year, which, at about $2,000 a piece, is a relatively modest $120 million market. Current industrial Additive Manufacturing systems and materials and services market is estimated to be $2 Billion. By 2015 this market is projected to reach $3.7 billion level worldwide and by 2019 according to Wohlers Associates it will eclipse the $6.5 billion mark.
Currently Mcor Technologies is the only producer of sheet-based 3D Printing products on the market. Their machines manufacture full-color 3D parts out of paper. The three largest companies in the Additive Manufacturing market are 3D Systems and Stratasys located in USA, and EOS located in Germany. They manufacture systems utilizing powder, solid and liquid plastics. Some machines use powder metals. Their prices range between $10K-$700,000. There are also many types of consumer oriented 3DPrinters primarily relying on the Fused Deposition Modeling process, which extrudes thin bead of plastic out of a nozzle. The prime example of this type of companies is Makarbot selling their products at prices ranging between 1000-$2000. They have recently been acquired by Stratasys. We believe that due to the unique materials, large size of the working envelope, high production speed and low price of both industrial and consumer oriented machines our products will offer a strong competitive advantage.
We envision three types of machines that our company will sell: Mid-range Systems with 3’x4’part’s envelope which will be sold in $15,000-50,000 range.; High-end, high speed systems sold in the range of $80,000- $500,000; and desktop systems- which will produce 2’-3’colored parts and will be sold between $1000 and $5000; We will also sell proprietary materials- which will cost us $2-5/Kg, at the prices ranging between $5 and $20/Kg); The company will also sell annual Service Contracts and will operate its own service bureau running small production runs for its customers.
Cubic owsn the source code for LOMSlice software underlying the function of LOM machines fromerly produced by Helisys. A sizable portion of the software can be utilized for our new product. We also own the design data for Helisys machines. Additionally Cubic own two Helisys machines (2030H and 1015Plus), which will be used as platforms for building LOMR prototypes. We believe that two of the Feygin’s LOM patents are still active or could be renewed.
In our recent technology commercialization effort we have accomplished the following:Cubic produced “proof of the principle” plastic part using one of the former Helisys machines. We applied for the Provisional Patent covering the new LOMR technology. The company has refurbished LOM1015Plus system for making a prototype of the newly envisioned product. We have submitted an SBIR proposal to NSF for $150,000+ funding. Cubic has established cooperation with a potential manufacturer in China. The founder has contacted large 3D-Printer companies and service bureaus for potential funding and cooperation.
Cubic has reliable connections with a manufacturer in China which may be asked to inexpensively manufacture its products. We have also identified resources in the form of known manufacturers in US and China who produce key components of the envisioned machines. They include sign making knife plotters, laser cutters and large format UV printers.
Our near term objective is to raise $500,000. We will use these funds in order to build an automated prototype our first product. While we have experimentally proven the feasibility of all of the steps of the proposed technology our goal is to merge them into a seamless automated process. We plan to accomplish this goal by either refurbishing a LOM systems that we own or by utilizing one of the industrially available printer/cutter systems. Once the automated system has been built we will use it for initial marketing. Cubic will also use this machine in order to demonstrate the technology to the investment community for the next round of financing.
The proposed budget will support personnel and operations costs for a crucial step in our commercialization program. We believe that our program is frugal, ambitious and achievable.
Our Vision is to usher the era of tool-less mass-production by developing radically-fast, reliable, and user-friendly Additive Manufacturing technologies While powder, solid and liquid plastic based machines exist in the Additive Manufacturing market, the sheet-based 3D-Printing processes remain underutilized. Twenty years ago our company and its predecessor Helisys has pioneered sheet-based 3D printing technology. In the rapidly growing market of today, our mission is to Explore, Evolve, and commercially Exploit sheet-based 3D-Printing processes and systems through optimal utilization of their technological advantages.Thank you very much.
LOMR- 3D-Printer for mass production and consumers
LOMR-3D PRINTERS FOR MASS-
PRODUCTION AND CONSUMERS
Michael Feygin, President
Cubic Technologies aims at developing and commercializing 3D-Printers which
produce parts of unlimited complexity out of thin films or foils, which are stabilized
on removable carrier ribbons.
Our machines form layers of the manufactured parts by mechanical, chemical or
laser-cutting and stack them in precise registration to one another.
LOMR VALUE PROPOSITION
A unique patented technology (“pure play”). There are no other
sheet-based Additive Manufacturing systems
Rapidly growing Additive Manufacturing market
The lowest machine price per cubic inch of workspace
Potential for the largest and the fastest industrial machines
Potential for the largest envelope consumer 3D-Printer
Proprietary raw materials in the form of sheet plastics
Available infrastructure components of Helisys, Inc.
Founder uniquely experienced in sheet-based processes
Founder: Michael Feygin
Certified Professional Engineer (PE, MSME)
Awarded Project Management Professional (PMP)
Invented, founded and took public Helisys, Inc.,
a pioneering company in 3D-Printing
Authored five patents: 4,752,352; 4,637,975; 4,354,414; 5,730,817; 5,876,550
Experienced in product lunch, validation, transfer, root cause analysis, quality
Raised Investment Capital. Won SBIR grants from NSF, DARPA and DOD
Software engineer (Vadim)
Electro-mechanical Technician Vandam (talented and experienced former
3D-PRINTERS AND ADDIVIVE
Growth rate – 30% over the last three years
3D-Printers (desktop) market - 60,000 units/year, which, at
about $2,000 a pop, is $120 million
Current industrial Additive Manufacturing systems and
materials and services market - $2 Billion
By 2015 this market is projected to be $3.7 billion worldwide
by 2019 it will eclipse the $6.5 billion mark (according to
Mcore Technologies – the only sheet-based full color 3D Paper Printer
3D-Systems Inc. The largest company in the marketplace with the
valuation of $4B
Produces Stereolithography machines ($50K-$800K), UV curable
polymer dot matrix printers ($80-$500K), and FDM printers ($1300).
Stratasys, Inc. The second largest company in the market with the
valuation of around $2B
Produces FDM machines (plastic extrusion method) and dot-matrix
UV printing machines. Prices from $10K-$700,000
EOS, Inc. (Europe)
Produces Selective Laser Sintering (SLS) machines which sinter
plastics and metals
Various 3D-Printer manufacturers (Makerbot etc.)
SOURCES OF REVENUE
Mid-range systems-3’x4’parts (Cost $15K, Price $50K)
High-end, high speed systems-(Cost $80K, Price $500K)
Desktop systems- 1’-3’colored parts (Cost $1K, Price $5K)
Proprietary Materials- (Cost $2-5/Kg, Price $6-20/Kg)
Annual Service Contracts – Price: 10% of product cost
Service Bureau- marketing 3D-printed parts and assemblies to the
Own the source code for LOMSlice software
Own the design data for Helisys machines
Own two Helisys machines (2030H and 1015Plus), which
will be used as platforms for building LOMR prototypes
Two of the Feygin’s LOM patents may be still active
Produced “proof of the principle” plastic part
Applied for the Provisional Patent covering LOMR
Refurbished LOM1015Plus system for making a prototype
Submitted SBIR proposal to NSF for $150,000+ funding
Established cooperation with a potential manufacturer in China
Contacted large 3D-Printer companies for potential funding
Contacted large 3D-Printing service bureaus for funding and
We have reliable connections with a manufacturer in China
We have also identified resources in the form of known
manufacturers in US and China who produce key components
of the machines (knife plotters, laser XY cutters, large format
OBJECTIVES FOR THE 12 MONTHS OF
Raise $500,000 for one year of operations
Establish initial facilities
Hire the team (electrical/software/process engineers, technician)
Restore a used LOM1015Plus machine (platform for LOMR)
Design and build prototype of the LOMR system
Prove all aspects of the technology (build parts, test alternatives)
Run a Kickstarter project (optional)
Write financial and business plan
Raise Additional Funds ($2Million or more by the end of the
year to start marketing and production)
BUDJET ($500,000 one year)
Mechanical Engineer (Feygin)-$90K
Electrical + Software +Process Engineers-$60K x 3 = $180K
TOTAL PERSONNEL: $340K
Materials and Supplies-$50K
Facilities and other indirect costs-$40K
Patent and Legal costs-$20K
TOTAL OPERATIONS: $160K
Usher the era of tool-less mass-production by developing
radically-fast, reliable, and user- friendly Additive
Explore, Evolve, and commercially Exploit sheet-based
3D-Printing processes and systems through optimal
utilization of their technological and market advantages