- Full color 3D printing allows for pre-visualization for
surgery preparation, extensive real estate development models, and
customizable collectibles
- Mimaki’s printers allow for extensive shading and color
saturation by utilizing over ten million colors
- Pairing Mimaki’s expertise of full color printing with the
3D printing quality and consistency of Shapeways gives customers
more flexibility
Shapeways, a leading global digital manufacturing platform
driven by proprietary software, is teaming with Mimaki to take
full-color 3D printing to the next level. Harnessing the true power
to 3D printing in full color, Shapeways’ High Definition Full Color
material from Mimaki is one of the most complete offerings with ten
million colors, nearly unlimited choices, and versatile
post-processing options all driven seamlessly by Shapeways
end-to-end digital manufacturing platform and purpose-built
software. Utilized for full production products and parts this
material is a focal point for Shapeways’ customers looking to move
beyond prototypes.
On April 28, 2021, Shapeways entered into an Agreement and Plan
of Merger and Reorganization with Galileo Acquisition Corp. (NYSE:
GLEO), a special purpose acquisition company, pursuant to which
Shapeways will be acquired by Galileo. Upon the closing of the
acquisition, the combined company will be named Shapeways Holdings,
Inc. and is expected to remain listed on the NYSE. The business
combination values Shapeways at a $410 million pro forma enterprise
value. The transaction is expected to provide more than $195
million of net proceeds to Shapeways, including a $75 million fully
committed common stock PIPE, which implies an equity value of $605
million assuming minimal redemptions by Galileo shareholders.
Continuing to Pursue 3D Printing Quality and
Consistency
Shapeways gives customer instant quote access to High Definition
Full Color material through the purpose-built software. Adding the
Mimaki material is a logical step in moving the industry forward
and giving customers exactly what they want. The ability to 3D
print in color, thanks to their experience in reproducing and
managing color, and expertise from Shapeways in 3D printing,
streamlined workflow, and production makes for a strong team.
“Shapeways is known for their quality and consistency,” said
Josh Hope, Senior Manager for Digital Imaging and Innovation at
Mimaki. “Our expertise in 2D color printing allowed us to approach
the 3D printing world differently by starting with color. Offering
High Definition Full Color to the customer base of Shapeways made
sense because it can be used in so many ways.”
Colored resin is jetted directly onto the print bed of the
Mimaki printer, relying on specific color profiles generated by
characterization data. Stunning shading, contrast, and fine detail
are all possible, including more expanded choices in terms of color
gradients and texture too. Customers engage in creating more
complex designs that take advantage of the ability to design with
greater flexibility.
Full Color 3D Printing is Desired for a Wide Range of
Applications
The realm of full-color 3D printing with High Definition Full
Color offers exceptional details in color and modeling, excellence
in accuracy and resolution, and unprecedented photorealism for
critical applications like medicine—especially for surgical prep
models.
Real estate developers can also explore the entire
infrastructure of a city block manufactured with 3D printing to
demonstrate how buildings would be constructed and arranged, along
with accompanying landscaping and infrastructure. Lastly, tabletop
gamers discovered the nearly unlimited options available through
companies like Hero Forge several years ago and continue to create
customizable collectibles that could not be made without 3D
printing.
“Adding full-color printing from Mimaki brings vast depth and
detail to applications across multiple industries,” said Aidan
O’Sullivan, Vice President Operations at Shapeways. “At Shapeways,
we leverage world-class printing technologies and apply our vast
expertise and rigorous quality procedures to help change the
landscape of additive manufacturing.”
About Shapeways
Shapeways’ digital manufacturing platform offers customers
access to high quality manufacturing from start to finish through
automation, innovation and digitization. The company’s
purpose-built software, wide selection of materials and
technologies, and global supply chain lower manufacturing barriers
and speed delivery of quality products. Shapeways’ digital
manufacturing services have empowered more than one million
customers worldwide to produce more than 21 million parts using 11
different technologies and 90 different materials and finishes.
Headquartered in New York City, Shapeways has ISO 9001-compliant
manufacturing facilities in Long Island City, N.Y., and the
Netherlands and a network of innovative partners around the globe.
It was founded in 2008 and spun-out of the Lifestyle Incubator of
Royal Philips Electronics in 2010. Investors include Lux Capital,
Union Square Ventures, Andreessen Horowitz, INKEF Capital, Index
Ventures and Hewlett Packard Ventures.
Forward-Looking Statements
This release contains, and certain oral statements made by
representatives of Galileo and Shapeways and their respective
affiliates, from time to time may contain, “forward-looking
statements” within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995. Galileo’s and
Shapeways’ actual results may differ from their expectations,
estimates and projections and consequently, you should not rely on
these forward-looking statements as predictions of future events.
Words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believes,” “predicts,” “potential,” “might” and
“continues,” and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements
include, without limitation, Galileo’s and Shapeways’ expectations
with respect to future performance of Shapeways, anticipated
financial impacts of the proposed transaction (the
“Transaction”), the anticipated addressable market for
Shapeways, the satisfaction of the closing conditions to the
Transaction, the pre-money valuation of Shapeways (which is subject
to certain inputs that may change prior to the closing of the
Transaction and is subject to adjustment after the closing of the
Transaction), and the timing of the closing of the Transaction.
These forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from expected results. Most of these factors are outside the
control of Galileo and are difficult to predict. Factors that may
cause such differences include, but are not limited to: (1) the
occurrence of any event, change or other circumstances that could
give rise to the termination of the Merger Agreement; (2) a default
by one or more of the investors in the PIPE on its commitment, and
Galileo's failure to retain sufficient cash in its trust account or
find replacement financing in order to meet the $100,000,000
minimum cash condition in the Merger Agreement; (3) the inability
to consummate the Transaction, including due to failure to obtain
approval of the shareholders of Galileo or other conditions to the
closing in the Merger Agreement; (4) delays in obtaining or the
inability to obtain any necessary regulatory approvals required to
complete the Transaction; (5) the inability to obtain the listing
of Galileo’s securities on NYSE following the Transaction; (6) the
risk that the Transaction disrupts current plans and operations as
a result of the announcement and consummation of the Transaction;
(7) the ability to recognize the anticipated benefits of the
Transaction, which may be affected by, among other things,
competition, the ability of Shapeways to grow and manage growth
economically and hire and retain key employees; (8) costs related
to the Transaction; (9) changes in applicable laws or regulations;
(10) the effect of the COVID-19 pandemic on Galileo or Shapeways
and their ability to consummate the Transaction; (11) the
possibility that Galileo or Shapeways may be adversely affected by
other economic, business, and/or competitive factors; and (12)
other risks and uncertainties to be identified in the
registration/proxy statement (when available) relating to the
Transaction, including those under “Risk Factors” therein, and in
other filings with the Securities and Exchange Commission (the
“SEC”) made by Galileo or Shapeways. Galileo and Shapeways
caution that the foregoing list of factors is not exclusive, and
caution readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
None of Galileo or Shapeways undertakes or accepts any obligation
or undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based, subject to applicable
law.
Readers are referred to the most recent reports filed with the
SEC by Galileo. Readers are cautioned not to place undue reliance
upon any forward-looking statements, which speak only as of the
date made, and Galileo undertakes no obligation to update or revise
the forward-looking statements, whether as a result of new
information, future events or otherwise.
Information Sources; No Representations
The information in the release does not purport to be
all-inclusive. The information therein is derived from various
internal and external sources, with all information relating to the
business, past performance, results of operations and financial
condition of Galileo derived entirely from Galileo and all
information relating to the business, past performance, results of
operations and financial condition of Shapeways derived entirely
from Shapeways. No representation is made as to the reasonableness
of the assumptions made with respect to the information therein, or
to the accuracy or completeness of any projections or modeling or
any other information contained therein. Any data on past
performance or modeling contained therein is not an indication as
to future performance.
No representations or warranties, express or implied, are given
in respect of this release. To the fullest extent permitted by law
in no circumstances will Galileo or Shapeways, or any of their
respective subsidiaries, affiliates, shareholders, representatives,
partners, directors, officers, employees, advisors or agents, be
responsible or liable for any direct, indirect or consequential
loss or loss of profit arising from the use of this release, its
contents, any omissions, reliance on information contained within
it, or on opinions communicated in relation thereto or otherwise
arising in connection therewith, which information relating in any
way to the operations of Shapeways has been derived, directly or
indirectly, exclusively from Shapeways and has not been
independently verified by Galileo.
Important Information About the Transactions and Where to
Find It
Galileo and Shapeways will file relevant materials with the SEC,
including a Form S-4 registration statement to be filed by Galileo,
which will include a prospectus with respect to Galileo’s
securities to be issued in connection with the proposed merger and
a proxy statement of Galileo with respect to Galileo’s shareholder
meeting at which Galileo’s shareholders will be asked to vote on
the proposed merger and related matters. GALILEO’S SHAREHOLDERS AND
OTHER INTERESTED PERSONS ARE ADVISED TO READ, WHEN AVAILABLE, THE
S-4 AND THE AMENDMENTS THERETO AND OTHER INFORMATION FILED WITH THE
SEC IN CONNECTION WITH THE TRANSACTION, AS THESE MATERIALS WILL
CONTAIN IMPORTANT INFORMATION ABOUT GALILEO, SHAPEWAYS AND THE
TRANSACTION. When available, the Proxy Statement contained in the
S-4 and other relevant materials for the Transaction will be mailed
to shareholders of Galileo as of a record date to be established
for voting on the proposed merger and related matters. The
preliminary S-4 and Proxy Statement, the final S-4 and definitive
Proxy Statement and other relevant materials in connection with the
Transaction (when they become available), and any other documents
filed by Galileo with the SEC, may be obtained free of charge at
the SEC’s website (www.sec.gov) or by writing to Galileo at 1049
Park Ave. 14A New York, NY 10028. Information filed with the SEC is
also available on the SEC’s website at www.sec.gov.
Participants in the Solicitation
Galileo and Shapeways and their respective directors, executive
officers and employees and other persons may be deemed to be
participants in the solicitation of proxies from the holders of
Galileo ordinary shares in respect of the proposed business
combination. Galileo shareholders and other interested persons may
obtain more detailed information regarding the names and interests
in the Transaction of Galileo’s directors and officers in Galileo’s
and Shapeways’ filings with the SEC, including when filed, the S-4
and the Proxy Statement. These documents can be obtained free of
charge from the sources indicated above.
Disclaimer
This communication shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed business combination. This communication
shall not constitute an offer to sell or the solicitation of an
offer to buy any securities pursuant to the proposed transactions
or otherwise, nor shall there be any sale of securities in any
jurisdiction in which the offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended.
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Grafico Azioni Galileo Acquisition (NYSE:GLEO)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Galileo Acquisition (NYSE:GLEO)
Storico
Da Gen 2024 a Gen 2025
