cfo Archives - Perfect 3D Printing Filament

We’re covering 3D printing business stories in today’s 3D Printing News Briefs, including investments, partnerships, industry executives, and annual reports. Federico Faggin, who invented the microprocessor, is investing in Roboze, and BCN3D is partnering with CREA3D. 3D Systems has named its new CFO. Finally, ASTM International’s Additive Manufacturing Center of Excellence has released its second annual report.

Microprocessor Inventor Invests in Roboze

(Image courtesy of The Federico and Elvia Faggin Foundation)

Italian-American 3D printer manufacturer Roboze has announced that physicist Federico Faggin, the inventor of the microprocessor and co-inventor of both the touchpad and touchscreen, is investing in the company, which designs and produces industrial 3D printers for the production of functional thermoplastic and carbon fiber reinforced parts. Additionally, the prolific inventor will be joining the company’s Advisory Board as a technological consultant. Born in Italy but a naturalized US citizen, Faggin has helped shape modern computer science and won multiple international awards for his efforts, including the United States of America’s National Medal of Technology and Innovation. As a member of the Roboze Advisory Board, he will help the company as it works to increase the development of additive manufacturing solutions.

“A few years ago I met Alessio Lorusso and I recognized in him an exceptional foresight and remarkable creative and organizational skills. With great enthusiasm, I therefore accepted his offer to be part of the ROBOZE Advisory Board,” Eng. Faggin said. “I am proud to see an Italian company that knows how to compete in the global economy with cutting-edge products in such a demanding sector and I am pleased to make my experience available so that ROBOZE can grow as it deserves.”

BCN3D and CREA3D Announce Distribution Partnership

Speaking of Italy, Barcelona-based BCN3D Technologies has announced a distribution agreement with Italian 3D printer distributor CREA3D in order to increase growth in Italy’s 3D printing market. CREA3D has been providing professional 3D printing solutions through both B2B and B2C channels since 2013, and has created a strong online and offline presence for itself. Now, professionals in Italy will benefit from CREA’s distribution of BCN3D’s 3D printer portfolio, made up of the desktop BCN3D Sigma and Sigmax and the professional BCN3D Epsilon system, all of which offer a higher volume of printing per piece due to the company’s Independent Dual Extruder (IDEX) technology.

“We are pleased to cooperate with CREA3D, an alliance which will support us in increasing the sales in the Italian market, where there is a high potential for the IDEX system and the distinctive duplication, mirror and multi material printing modes,” BCN3D’s CEO Xavier Martínez Faneca said. “Their considerable experience in additive manufacturing, combined with a top-quality technical know-how makes CREA3D the right fit to help us grow and serve Italian customers in the best possible way.”

3D Systems Appoints New Chief Financial Officer

3D Systems has announced that Jagtar Narula, the current SVP of Corporate Strategy and Business Development for Blackbaud Corporation, will be joining the company as its Executive Vice President and CFO. Beginning September 14th, Narula, who has nearly 30 years of progressive financial, business leadership, and investment strategy experience under his belt, will report to Dr. Jeffrey Graves, the company’s President and CEO. He will lead the Finance organization for 3D Systems, which includes all investor relations, finance operations, and capital deployment for growth and margin expansion.

“I am excited to have a leader of Jagtar’s experience join our team at such an important time for our company. Jagtar’s experience in leading technology companies with complex transformations and large-scale efficiency improvements will be invaluable as we transition to our new focus, align our organization and cost structure to our current revenues, and position ourselves for sustained growth and profitability in the years ahead,” stated Dr. Graves. “I want to add a special note of thanks to Wayne Pensky for serving as our Interim CFO, allowing us to move quickly to restructure the business and prepare for an exciting future ahead. Wayne will support Jagtar to ensure a smooth transition in Finance leadership for the company.”

ASTM International’s AM CoE Issues Second Annual Report

ASTM International’s Additive Manufacturing Center of Excellence (AM CoE), which was launched in 2018, has just debuted its second annual report. In addition to offering a look at future plans, the report also includes many of the AM CoE’s accomplishments over the past year, such as the creation of an international conference, in-kind investments, new additive manufacturing staff, the new AM guide for supporting COVID-19 supply chains, a technical workshop series, the development of certificate courses, and more.

“Together, the AM CoE and its partners supported the advancement of AM technology through investments in new R&D projects, existing infrastructures, development of new educational offerings/partnerships, expansion of the AM team, and the growth of the center’s global footprint. The hard work and dedication of the center’s team are highlighted in this comprehensive report,” said Mohsen Seifi, PhD, ASTM International’s Director of Global Additive Manufacturing Programs.

Seifi also said that the AM CoE has “emphasized its commitment” to speeding up usage and capabilities of evolving technologies, like additive manufacturing, and empowering innovation in manufacturing.

The post 3D Printing News Briefs, August 30, 2020: Roboze, BCN3D & CREA3D, 3D Systems, ASTM International appeared first on 3DPrint.com | The Voice of 3D Printing / Additive Manufacturing.

Dassault Systèmes, the 3DEXPERIENCE company, is starting the weekend with a little business, by making several announcements. First, the company revealed its IFRS unaudited financial results for the 4th quarter and year ended December 31st, 2019. The results, reviewed by the Board of Directors earlier this week, show that Dassault’s total revenue went up by 13%, from €3.65 to €4.06 billion, and that it’s expected to keep growing in 2020 by 21-23%. You can read the highlights, and financial summary, for Q4 and Fiscal Year 2019 here.

“All IFRS and non-IFRS figures are presented in compliance with IFRS 15 and IFRS 16, which have been applied since January 1st, 2018 and January 1st, 2019, respectively,” Dassault declared in a news release.

The company also announced that its Chief Financial Officer, Pascal Daloz, has now also been appointed Chief Operating Officer. In this new position, created to help expand Dassault’s strategic direction and empower its “new generation of leadership,” Daloz will lead the new Operations Executive Committee, which will support the company’s goal to drive innovation in the sectors of manufacturing, life sciences and healthcare, and infrastructure and cities.

“Pascal’s strong knowledge of Dassault Systèmes and his skills in a wide range of domains such as science and engineering are major assets that will enable him to accomplish the dual role of Chief Operating Officer and Chief Financial Officer. His appointment also reflects our plan to prepare for the company’s future while maintaining continuity in its leadership and direction,” stated Bernard Charlès, the company’s Vice Chairman and CEO. “In only two years as CFO, Pascal has already defined new strategic and financial ambitions for the company. For these reasons, Pascal is the right person to help me implement Dassault Systèmes’ vision of transforming industries, markets and customer experiences with the 3DEXPERIENCE platform, ensure the execution of the company’s holistic, growth-centric strategy, and manage its performance.”

Daloz joined Dassault Systèmes in 2001 as Vice President Research & Development in charge of market development, and has been moving up the ranks ever since, including being named Executive Vice President, Brands and Corporate Development in 2014. He has helped the company enter new sectors and embrace future trends, including acquiring Medidata in October; this decision helped to cement life sciences as Dassault’s second largest core industry. As COO, he will coordinate the company’s operational decision-making processes for strategic functions, including the 3DEXPERIENCE platform and its 11 brands.

Speaking of life sciences, the company has announced its strategic direction for the future, which focuses on solutions for the life science industry through developing the human digital twin – really, a virtual twin.

“In 1989, we created the first virtual twin of a giant airplane, the Boeing 777,” explained Charles. “In 2012, observing that the world was shifting to an experience economy that values usage over product, we dared to imagine a platform that would use comprehensive virtual twins of things as the place to navigate, evaluate, and holistically experiment with an idea to make it reality. We named it the 3DEXPERIENCE platform. Our customers, as they adopt it, are making it the catalyst and enabler of the Industry Renaissance. Our ambition to harmonize product, nature and life remains the same, while its scope is broadening. It has led us to develop a new understanding of life and nature. Today, we’re capable of applying the knowledge and know-how we acquired in the non-organic world to the living world, extending our focus from things to life. The virtual twin experience of the human body will enable us to invent new ways of representing life by understanding and representing the invisible, and make a lasting contribution for the benefit of all.”

You’ve likely heard of the digital twin, which is an idea that in the digital manufacturing world, by combining software with mass customization, every product in a company’s inventory will have a unique file that contains all of its specific settings and production information. But the human body is far more complex, and the healthcare industry needs to refine how therapies for patient care are discovered, developed, produced, used, and commercialized. A virtual twin can change how we cure people, as it enables health-related disciplines to understand, test, model, and treat the human body – just like the digital twin makes this possible for products in industrial sectors.

“Why “virtual” rather than digital? Well, precisely because the value of what we do lies in the potential it offers for imagining the future. “Virtual” is about what’s possible – the potentiality. In that sense, the virtual is the very essence of human nature: we are virtual beings. We are beings of possibility,” Dassault writes on its website.

“So to improve life, we have to invent new ways of representing reality. We have to invent the virtual twin experience of life.”

The 3DEXPERIENCE platform can integrate collaboration, information intelligence, modeling, and simulation to make a virtual twin of the human body possible. By combining material sciences, information sciences, and biosciences, stakeholders will be able to to actually project an object’s data onto a living, virtual model, which can then be configured and simulated for research and testing purposes. For example, before a human patient is treated, researchers could potentially be able to see how a certain drug could affect a disease.

Dassault will be building up its leadership in healthcare and life sciences, along with manufacturing industries and infrastructure and cities, as these all have similar sustainability needs and development processes in the ongoing efforts to improve our overall quality of life.

Discuss this news and other 3D printing topics at 3DPrintBoard.com or share your thoughts below.

The post Dassault Systèmes: Revenue Report, New COO, Increase Focus on Virtual Twin appeared first on 3DPrint.com | The Voice of 3D Printing / Additive Manufacturing.