Republic partners with LAUNCH Festival Sydney
Renowned angel investor Jason Calacanis is convinced that 12 unicorns are hiding inside the Sydney startup scene, waiting to be discovere...
Prevents user burns, prints 90% faster than competitors, 200% larger build area than same-sized printers.*
Targeting a $5.6B 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.
Most 3D printers jam by absorbing too much heat.
R3 Printer with Active Overheat Prevention prevents jams.
An off-the-shelf (unmonitored) print head assembly is compared to a test rig with Active Overheat Prevention™. Both testing rigs start at room temperature (green colors) and rapidly heat up (red colors). After the Active Overheat Prevention™ system detects overheating, the heater cartridges shut down and the print head returns to a safer temperature.
The Active Overheat Prevention senses overheating and initializes, letting the printer cool before a jam can occur. Unmonitored print head assemblies continue to absorb heat until prints eventually fail.
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 $1.85B.
In 2023, the Industrial 3D Printing industry will generate $5.6B 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 $285M.
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.
*: 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.
Together we can tackle the biggest challenges facing 3D Printing and usher in a new era of widespread on-demand manufacturing.
The smallest investment amount that R3 Printing is accepting.
R3 Printing needs to reach their minimum funding goal before
the deadline. If they don’t, all investments will be refunded.
The Crowd SAFE is an agreement for future equity in the startup,
meaning that it can convert to equity in the future.
The Crowd SAFE is an agreement for future equity in the startup, meaning that it can convert to equity in the future.
$25,000 – $1,070,000
R3 Printing needs to raise
before the deadline. The maximum amount R3 Printing is willing
to raise is $1.07M.
I believe 3D printing will aide in the improvements of medical devices and applications.
I believe these guys have what it takes to usher in the future of 3D printing. They've identified some key points which have kept 3D printing from reaching the mainstream and then conquered them. Best of luck!
I saw the founder speak at Launch Sydney and was impressed by the team and the tech.
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.
Please see the below transcript from R3 Printing's pitch at the LAUNCH festival.
Dan: You guys remember hearing a few years ago about how 3D printing was going to revolutionize our lives forever? We were supposed to have healthy 3D printed food in our homes, stylish 3D printed cars in our garages, and 3D printed buildings in our cities, so inexpensive, that nobody would go homeless again. So what happened? Where's the instant manufacturing we were promised?
Dan: The issue is that 3D printing today still has significant problems, in particular, there are three: 3D printing is slow, 3D printers today are not fast enough to meet user needs; 3D printers are dangerous, sharp components and hot parts lead directly to user injury; and 3D printers are inefficient. Early stage testing has given us great printers, but they're not yet ready for prime time.
Dan: Okay, we got it. My name is Dan Downs, I'm co-founder of R3 Printing, and we are bringing to market the R3 Printer, an enterprise-grade 3D printer that solves these problems.
Dan: First off, it's fast. The R3 Printer is 90% faster than current on-market 3D printers. We work with Aerospace engineers to reduce the weight of the printhead by 84%, resulting in almost doubled speeds. The R3 Printer is efficient. The R3 Printer is 200% bigger of a build platform, than same size 3D printers. This allows users with currently fixed real estate inventory to use printers that are much more efficient.
Dan: This is where I get really excited. In 2013, my co-founder Paul and I bought our first 3D printer, we were super-passionate about the tech, and ready to dive in. In 2016, I quit my career in real estate, and we founded R3 Printing, as a manufacturer, we produced 3D printed goods, for both businesses and consumers alike. We had two unique insights: number one, 3D printers today aren't yet ready for prime time; and number two, we're the guys to solve it.
Dan: We put together a rock star team. Paul has a deep background in both engineering and operations, myself, BusDev and sales. Our advisors have two exits under their belts and have raised over 50 million in venture. We have a massive market opportunity. 2017 saw $1.7 billion in 3D printer sales, the industry is growing at 27% per year, which means by 2023, $5.6 billion worth of 3D printers will be sold.
Dan: We have traction. Four utility patents on our tech, 140k in pre-sales, four beta testing partners from both US companies and Canada companies. We're graduates of the Ocean Accelerator in Cincinnati Ohio, Futureworks Incubator in New York, and are proudly built at the Form Foundry ... Go Rams ... we have amazing unit economics with a 78% margin.
Dan: We're currently raising. We'd love to have you on board. Thank you.
Jason: Okay, big round of applause. And now, you will be getting your feedback from us as a group, so you have to remember as many as eight questions, two from each of us. My question is, who's your customer and how much does it cost, you left out those two key pieces of information.
Jason: Stonly, what are your questions? Don't answer them yet, you gotta get all the questions first and remember them.
Jason: Go ahead.
Stonly: Thank you. What materials can you work with? And what stage are you at in the shipping process?
Andrea: I'd like to know a bit more about the revenue-
Andrea: Oh, sorry. Like to know a bit more about the revenue, where it's come from, what type of revenue it is, and over what period of time.
Matthew: My main question was the customers, and I know you've got pre-sales, I guess you can't say are they going to re-order yet, but yeah, who are your customers?
Dan: Sore, so starting from the top. We are selling an enterprise grade 3 printer. Our beach head market are the 670, 3D print manufacturers in the United States and Canada today, we know these guys very well, we used to compete with them, this market, they have between three 3D printers each, smaller shops, to larger entities looking at Voodoo manufacturing, Shapeways, those guys have three to five hundred 3D printers.
Dan: Our goal is to target that market through our background in sales, put together a really aggressive sales team and use try before you buy to get us in the door with them. We have a really skinny bill of materials, at about a grand, time honored freight costs are between 150 and 200, and our assembly cost as well as overhead, inclusive of labor, is sub 400. So we're looking at a total unit cost about 1500, the goal is to sell for $6,000.
Dan: So that's question number one. Question number two, is materials. Our materials are primarily focused on deposition style 3D printers, so those make up 76% os all 3D printers sold, deposition style 3D printers are plastics, lower grade metals, you get unique materials like ceramics in there, wood pulp, et cetera. So to answer your guys questions, we have really strong unit economics and we're focused on a beach head market that we know very well. That being said, we've had talks with larger corporations that would be interested in onboarding our technology later on, for when they in-house their R&D.
Dan: So our goal is to focus on the niche market, verify product market fit, and go from there.
Jason: Alright, so let's give him a big round of applause, well done.
Investors should verify any issuer information they consider important before making an investment.
All securities-related activity is conducted by OpenDeal Portal LLC doing business as Republic, a funding portal which is registered with the US Securities and Exchange Commission (SEC) as a funding portal (Portal) and is a member of the Financial Industry Regulatory Authority (FINRA). Republic is owned by OpenDeal.
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.