Ocean Startups Make Big Splash At Demo Day IV
Cincinnati-based Ocean Accelerator held its fourth demo day on April 24 at Crossroads in Florence, Ky., just south of Cincinnati. Eight s...
Prevents user burns, prints 90% faster than competitors, 200% larger build area than same-sized printers.*
Targeting a $5.6 billion addressable market.
$140K pre-sales signed since Q3 2017.
The #1 injury caused by active 3D printers are burns.
The R3 Printer features Active Overheat Prevention, a proprietary system that eliminates the risk of getting burned. If a print job is overheating, the R3 printer senses it and immediately pauses, doing away with human intervention.
An off-the-shelf unmonitored assembly is compared to our heat monitoring test rig. Both testing rigs start at room temperature (green aura) and rapidly heat (red). After the Active Overheat Prevention system detects overheating, the Active Overheat Prevention test rig (right) shuts down and returns apparatus returns to room temperature.
The R3 Printer is 90% faster than contemporary 3D printers.
Working with aerospace engineers, we redesigned key printer components from the ground up, resulting in an 84% weight reduction and the discovery of other secret-sauce upgrades that further boost speed. The result is nearly doubled speeds.
An off-the-shelf 3D printer assembly is paced against our R3 Printer Test rig. Our optimized hardware assembly travels significantly faster — and we’re still pushing for even greater speeds.
The R3 Printer has a re-designed interior that utilizes the full internal volume of the chassis itself, leading to a 200% increase in build volume compared to current printers of the same chassis size.
3D Print Manufacturers are companies that produce 3D printed goods for b2b and b2c clients.
For them, the value proposition of the R3 Printer is straightforward.
Less dangerous printers means lower insurance rates for companies -> money saved.
90% increased print speeds means more capacity. Manufacturers can now produce almost double the quantity of goods -> more money made.
Bigger build areas mean bigger individual print jobs or more units per print session -> more money made, larger products offered.
The 3D Print Services Industry - also referred to as Industrial 3D Printing - is growing at a 27%+ compounded annualized growth rate (CAGR) now through 2023.
As of 2018, the market size is estimated at $1.85 bllion.
In 2023, the Industrial 3D Printing industry will generate $5.6 billion dollars yearly.
3D Print Manufacturers are increasing their inventory to meet the demand — and replacing their old 3D printers along the way.
Our beachhead market are SMB 3D Print Manufacturers in the USA and Canada.
SMB 3D Print Manufacturers are companies with between 5 and 500 3D printers.
They produce 3D Printed products for both b2b and b2c markets.
The United States and Canada has 670 SMB 3D Print Manufacturers today.
It's a highly fragmented market with no standard hardware — a big opportunity for us.
There is also no incumbent 3D printer provider focused on the SMB 3D Print Manufacturer market – we have a winner-take-all opportunity.
We are aiming to gain dozens of customers within the first six months of production through a muscular team of experienced enterprise sales professionals.
Our goal is simple: We are aiming to capture 5% of the Industrial 3D Printing market in the next five years. That’s a total market size of $285 Million.
We've had some big wins on the traction front and are excited to share.
R3 Printing has signed $140,000 of pre-sales from customers in our target market in the last 3 months.
Pre-sales provide a signal to the market that a customer has identified a pain point or revenue-generating opportunity and that they’re willing to pay money for a product that allows them to execute.
Hardware is capital intensive to develop — pre-sales provide an important signal to prospective investors that the market wants this product to exist.
R3 Printing has 4 non-provisional patents already filed on our technological innovations.
Patents provide an integral way for businesses to protect their intellectual property after having spent money to fund breakthroughs.
Patents are important because they create moats — areas where competitors cannot act without explicitly infringing on your patents — and allow a single company to reap the rewards of their innovation.
Li-Leger Creative is a Vancouver-based product design and manufacturing firm specializing in full-stack product development. CEO Noah Li-Leger has a deep background in both product design and 3D Printing, having worked with 3D Printer producer Tinkerine on their product development. Li-Leger Creative is R3 Printing's first international beta testing partner.
Obsessively Geek is a New York-based 3D Print Manufacturer. Before he founded his
manufacturing company in 2015, Marco Nieves worked in R&D for Makerbot. With his strong technical background in 3D printer hardware, Marco has been an invaluableresource to R3 Printing as we develop our product.
Forge Manufacturing is a Jacksonville-based 3D Print Manufacturer and digital design firm. Co-Founders Bryce Pfanenstiel and Adam Dukes are leading specialists in
room temperature vulcanization (RTV) molding, producing ultra-high quality molds from 3D printed parts for the creation of prototypes or low-volume manufacturing runs. Bryce and Adam operate on the cutting edge of 3D Print Manufacturing and routinely share their latest hardware and product hacks.
Halo Aerospace is a West Palm Beach-based aerospace R&D company. Founder John
Calloway comes from a background of aerospace engineering and 3D Printing, having utilized both to establish Halo Manufacturing in 2015. At present, Halo Aerospace is developing novel applications for space flight technologies. We will be working with them to strenuously test the R3 Printer.
R3 Printing is a current member of the Ocean Accelerator.
We are in Cincinnati, Ohio until June 2018 in order to accelerate our development.
Our business model includes 2 revenue streams:
We sell 3D Print manufacturers the R3 Printer - a product optimized for their enterprise 3D Print manufacturing needs.
We have additional revenue stream opportunities through consulting, factory-workflow optimization, and product warranties. SaaS opportunities also exist for cloud file management.
In the near future, we plan to create three products to expand our reach in the Industrial 3D Printing industry:
Our objective in these products is to fully automate the 3D Printing factory of tomorrow.
We’re reaching for “Factory-as-a-Service” - a world of fully automated hardware in factories.
Automated printers, factory robots - a fully humanless, scalable, factory of tomorrow.
The R3 Printer provides our enterprise clients with a strong feature-set at a competitive price point.
We are experienced executives raised on the Lean Startup principles. We keep our team tight and execute directly.
Daniel Downs, Co-Founder, Strategy
Moving into the 3D Printing industry after a successful exit from Manhattan commercial real estate, Dan and Paul found that current 3D Printers had massive impediments that prevented them from widespread adoption in enterprise settings. They decided to tackle these problems directly. Dan brings to the table a deep background in business development, sales, and strategy.
Paul Sieradzki, Co-Founder, Product
During his 5 years as an operations executive, Paul has cultivated trade-secret processes and methods for producing ahead-of-schedule project deliverables. With prior backgrounds in both hardware design and software development, Paul’s acute product vision, operations experience, and passion for elegant creation guides the steady hand leading the R3 Printer creation process. Hardware development feels like home for this tech gadget aficionado and former Eagle Scout.
Together we can tackle the biggest challenges facing 3D Printing and usher in a new era of widespread on-demand manufacturing.
*: The above statements are the estimates of the Company based on the Company’s understanding of the market, all statements made are the opinion of the Company and have not been validated by any third party.
Your name on the "investors" page of our website to thank you. You can choose not to have your name listed.
Limited (193 left of 250)
Our engineering runs off of coffee. You get an investor exclusive mug with our logo to show your support. (All of the above included)
Get your very own R3 Printing t-shirt to show off your investor status! (All of the above included)
Get access to live Q&A/progress sessions with the Founder and Co-Founder over webcam! (All of the above included)
An individual meeting with the R3 Printing team via webcam! (All of the above included)
Limited (24 left of 25)
Get invited to an exclusive investor event/party at our office to celebrate the completion of the campaign! (All of the above included)
Limited (25 left of 25)
Join us in New York to see us in action! We also enjoy food, so let's do dinner and coffee! (All of the above included)
Appointment to our Board of Advisors.
Limited (3 left of 3)
We have a lot of proprietary systems involved. We currently have 4 patents pending on various features relating to the R3 Printer, including art related to the specific benefits of our Active Overheat Prevention system, our 90% increase in speed, and our 200% increase in build area.
As of filing date, our team has no employees in the strict legal definition. While Dan and Paul are the founders and working on the R3 Printer, they do not count as employees for the purposes of this disclosure.
Research and development, marketing, and first-factory run working capital are our largest expenses.
Startups need to take on investment dollars in order to grow. Institutional investors prefer C Corps to LLCs, which is why we created R3 Printing, Inc. - a Delaware C Corp. Our assets - patents and trademarks - were fully transferred over from our original entity of R3 Printing, LLC, a New York-based limited liability corporation. R3 Printing, LLC was founded in February 2014.
I see efficacy and conscience thought put into actionlee kochInvested 11 days ago
I believe his technology is the wave of the futureRaymond EllisInvested 11 days ago
To make money!Gregory KuntzInvested 11 days ago
I believe that R3 Printing can make an revolutionary difference in the future of 3D printing.Anastasios AtsoniosInvested 12 days ago
I have been following the progress of this type of printing for several years.Betty PeckmanInvested 12 days ago
I have invested because being a Technology Professional I know that this emerging technology will help humanity tremendously.Mo KhanInvested 14 days ago
I believe in goal of R3 printingBalaji RamakrishnanInvested 14 days ago
I see the future moving into "3D". I hope to make a positive change by investing $100.00 toward new beginnings.Penny GreenInvested 15 days ago
I understand that 3D printing is going to be a significant part of future manufacturing. I wanted to invest in a company that is making developments in that areaSean GantInvested 15 days ago
I see it as one of the waves of the future.Avery RawlesInvested 15 days ago
3D printing is an innovative technology which has many possible applications which I believe will be necessary to increase Mankind's future control over the Universe, and the sooner this technology is perfected, the better!Edwin F BealeInvested 15 days ago
R3 printing is the future of almost all products, and the safer they are the more likely they are to be bought.Jerry CurtisInvested 15 days ago
I believe this company has an outstanding future!Aleks StefanovaInvested 15 days ago
I invested because I believe in R3 Printing's Vision for the future of 3D Printing.Khuzema SavaiInvested 15 days ago
I would like to see 3D printing become as common and affordable as 2D printing.Magne LandInvested 16 days ago
I am a participant with Ocean Accelerator and I think this is a great group of people who have a game changing idea.Brian BurressInvested 20 days ago
let`s printHans Joachim HoeltgeInvested 20 days ago
This is a field where innovation and improvement is needed.Robert W Neill JrInvested 23 days ago
Great executives achieve great results.Bryan DixonInvested 23 days ago
Founder has previously run a successful company and achieved a successful exit. Emerging market.John WalshInvested 24 days ago
Investors should verify any issuer information they consider important before making an investment.
Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.
Republic does not verify information provided by companies on this Portal and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Portal can be found by searching the EDGAR database.