The Polish 3D printer manufacturer Sinterit has raised 7.5 million Polish zlotys (around 1.73 million euros) in a capital increase. The financing was provided by existing shareholders and is intended to drive the company’s further development.
Sinterit, known for its affordable 3D printing systems, plans to invest the funds in three main areas. Strengthening marketing activities, improving production efficiency and developing a new generation of 3D printers. The focus will be on the technology of selective laser sintering (SLS) of plastics.
Albert Klein, CEO of Sinterit, emphasises the company’s positive future prospects: “The market for additive manufacturing technologies is consolidating. Affordable integrated SLS systems will have their place in this market, as will Sinterit.”
The investment underlines the confidence in Sinterit’s technology. Carl Fruth, CEO of the German FIT Additive Manufacturing Group and one of Sinterit’s main shareholders, emphasises the importance of the Lisa X system. This is used by FIT for additive manufacturing services and is characterised by reliable performance and an open system. Fruth emphasises: “Technology-oriented users like us really have no other choice.”
The funding comes at a time when the 3D printing market is going through a phase of consolidation. By focussing on affordable SLS systems, Sinterit is positioning itself in a segment that promises growth potential despite general market challenges.
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