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3DEO in the News: 3DEO Posts Triple Digit Growth for 2019

Posted by 3DEO on May 7, 2020 5:53:19 PM

Continuing its annual growth, 3DEO’s new business model has enabled a 600 percent increase in revenue for 2019 over 2018. This coincides with a 394 percent increase in the number of parts shipped in 2019 over 2018 as well. Approximately 40 percent of those parts were customers in the defense industry, whereas 35 percent were for medical and 25 percent for aerospace.

Additionally, the company has expanded its workforce by 172 percent – 3DEO now has 60 employees compared to 22 in 2018. Its vertically integrated business model has led to a number of new jobs in different areas, with the most noteworthy employee increase coming in the R&D department. 

Read the full Article, 3DEO Posts Triple Digit Growth for 2019

Topics: Manufacturing, Metal 3D Printing, Industry Trends, Stainless Steel, Powder Metal, Metal Additive Manufacturing, Metal AM Processes, Product Development, Faster Development Cycles, Traditional Manufacturing, Small Metal Parts