"We designed the FX10 to be a modular platform, so that we are able to release new innovations and upgrades without customers having to purchase a new printer every year," CEO Shai Terem says in a release. "Along with new software capabilities we release regularly, the FX10 Metal Kit is poised to provide continuously growing value on factory floors for years to come."
The world of metal 3D printing has been in-flux this past year, the most notable example being Nano Dimension's acquisition of Desktop Metal. The deal came two years after the once white-hot Desktop Metal cut staff by 12%.
While [Markforged] is currently assessing the verdict's impact on its business, given its strong balance sheet, effective cost controls and new, innovative product line [Markforged] remains focused and excited about the future [Markforged] and its ability to continue to drive the adoption of additive manufacturing on the factory floor."
Earlier this month, Terem outlined plans to lower Markforged's annual operating expenses by upwards of $70 million during an earnings call. CFO Assaf Zipori noted that the company had terminated the lease agreement on its headquarters that quarter.
[
Collection
]
[
|
...
]