R3 Printing

Safe, Efficient 3D Printers

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Company Information

Website:

http://r3printing.com

Sector:

3D Printing

Location:

New York, NY

R3 Printing makes a line of 3D printers that are safer, faster, and more efficient than current options.

Within the next five years, the company aims to capture 5% of the projected $5.6 billion 3D print services industry.

If it can accomplish this goal, R3 could become a $280 million company.

Today, the $1.8 billion 3D printing industry is on the rise, growing at 27% annually.

But current 3D printers have several problems — for example:

They’re dangerous — These printers have sharp components and high-temperature parts that cause burning and other injuries. In fact, the No. 1 injury caused by active 3D printers is burns.

They’re slow — 3D printers take too long to complete jobs. This is preventing the 3D printing technology from scaling effectively.

They’re inefficient — Most 3D printers are poorly designed and ineffective. Current printers aren’t designed to meet the needs of fast-moving businesses.

R3 believes its printers provide a better solution.

These printers prevent burns, print 90% faster than competitors, and can complete projects that are 200% larger in size than similarly-sized printers.

R3 Printers feature Active Overheat Protection, a proprietary system that eliminates the risk of getting burned. If a print job is overheating, the R3 printer senses it and immediately pauses the job without human intervention. The system then allows the printer to cool before resuming the job.

To print jobs 90% faster than current 3D printers, R3 worked with aerospace engineers to redesign key printer components. The result is an 84% weight reduction and other “secret” upgrades that boost printer speed.

With respect to efficiency, R3 printers have a re-designed interior that utilizes the full volume of the chassis. This leads to a 200% increase in build volume compared to current printers of the same size.

With its printers, R3 is targeting SMB 3D print manufacturers in North America. These are companies that use between 5 and 500 3D printers. In the U.S. and Canada alone, there are 670 SMB print manufacturers.

Each R3 printer sells for $6,995, which enables the company to achieve a 78% product margin.

The current price for enterprise-grade 3D printers starts at $11,000, while consumer-grade printers cost roughly $3,500. They also require aftermarket modifications that can cost as much as $2,000 per printer.

R3’s printers are designed to meet the needs of both consumer-grade printers and enterprise-grade printers.

At the company’s price point, R3’s printers are more affordable than enterprise-grade printers and provide an “out-of-the-box” printer optimized for manufacturing for consumer-grade printers.

In the past three months, R3 has generated $140,000 in pre-sales for its printers.

The company has four leading 3D print manufacturers conducing beta testing…

And has received guidance through the Futureworks NYC hardware incubator program and Ocean Accelerator program.

Futureworks NYC specializes in supporting manufacturing start-ups, and Ocean Accelerator has guided multiple companies to success, including Natalus (3D mapping company) and We Love Work (a data analytics company).

In the future, R3 plans to create an “XL” version of its printer.

In addition, it will create the R3 Printrack (a multi-bay unit for completing multiple concurrent print jobs) as well as R3 Printgrid. This will be a full factory-as-a-service option, which will contain rows of Printracks serviced by robots.

Team Background

Paul Sieradzki - Co-Founder, Product

Before starting R3, Paul served as an infrastructure consultant with Bridgewater Associates, an investment management firm.

In addition, he worked in the operations department for Morgan Stanley, an investment bank.

He earned a Bachelor’s degree in Environmental Science from Fordham University and is working toward a degree from Columbia University.

Daniel Downs - Co-Founder, Strategy

Prior to starting R3 Printing, Daniel worked as a 3D print manufacturer for Stevens Institute of Technology.

In addition to his printing background, he served as a sales representative for a commercial real estate business.

Daniel formerly served as a sales representative for FGI Finance, and also spent time as a technology consultant at Fordham University.

He earned a Bachelor’s degree in Political Science from Fordham University.

Raising
$1.07 million
Committed
$59K (6%)
Current Valuation
$5 million Cap / 18% Discount
Min. Investment
$25
Deal Type
Title III
(For all investors)
Offering Type
SAFE
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