RedEye On Demand, a business unit of Stratasys, Inc. (NASDAQ: SSYS), has been named Emerging Manufacturer of the Year as part of the 2012 Minnesota Manufacturing Awards. The company is recognized by Minnesota Precision Manufacturing Association and Minnesota BusinessMagazine for its accomplishment in creating a revolutionary alternative to traditional manufacturing by building a factory of the future. The factory gives companies in all industries and markets the ability to manufacture globally through the internet using additive manufacturing (3D printing) technologies and processes.
Founded in 2005, RedEye On Demand has already become the world's largest provider of rapid prototyping
and direct digital manufacturing
(DDM) services. With a 45,000 square foot factory based in Minnesota housing more than 100 industrial 3D printers, RedEye On Demand is the world's single largest additive manufacturing facility, and has more than double the capacity of the nearest competitor. Additionally, the company operates more than 130 Fused Deposition Modeling
(FDM) additive manufacturing systems globally, making it the most advanced 3D printing service organization in the world.
Award winners were selected by a panel of nine executive-level judges who work in or serve the manufacturing industry. The Emerging Manufacturer of the Year was chosen based on a series of criteria including:
- Years in business (less than 10 years required)
- Percentage increase in revenues, capital investment and total employment from 2010 to 2011.
- Forecasted increase in revenues for next three years
- Programs to attract, retain or train employees
- Efforts to increase productivity and quality
- New services or product development efforts
"The Minnesota Manufacturing Awards program has created a standard of achievement in a sector that is extremely important to the state's economy," said Jaime Nolan, CAE, executive director at Minnesota Precision Manufacturing Association. "RedEye On Demand represents the best of the best in being a leader in their space and was selected because of their outstanding achievements and success, and especially in a difficult economic time when so many other firms were struggling to stay afloat."
"We are very proud to be a part of, and to be recognized by the manufacturing community in Minnesota," said Jeff Hanson, business development manager at RedEye On Demand. "Ten years from now, additive manufacturing will have caused so much disruption in the supply chain that it will be a widely used tool among manufacturers to boost productivity."
Hanson went on to say, that the company already has the necessary capabilities to accomplish this disruption and that they are excited to get to share the journey with their customers
who are just beginning to see how transformative additive manufacturing is for producing low volumes of complex prototype and production parts, as well as large parts, fast.
According to Hanson,
what sets the company apart from others providing additive manufacturing services is its capacity, as well as its unique ability to create high quality, complex models and working parts made from one of the largest selections of real, durable thermoplastic materials
Here is how 3D printing at RedEye On Demand works: from customers' digital 3D CAD files, RedEye On Demand quickly builds models and parts of virtually any size with precision, speed and accuracy. This ability provides product engineers the freedom to design and innovate for multiple iterations throughout the product development process, supports green manufacturing and increases the bottom line for customers by mitigating risk and saving time and costs to market. RedEye On Demand is able to achieve this by leveraging unique research and development efforts with Stratasys, as well as its own global network to apply innovative Internet Communication Technologies (ICT), and a real-time quoting engine
. With RedEye On Demand's global network, custom parts can be produced in other RedEye On Demand facilities throughout the world, including, the closest possible point to assembly plants. This helps avoid global transportation costs and increases speed of delivery.
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