{"id":785773,"date":"2023-09-22T16:10:00","date_gmt":"2023-09-22T20:10:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shapeways-strengthens-position-in-its-multi-million-dollar-automotive-sector\/"},"modified":"2023-09-22T16:10:00","modified_gmt":"2023-09-22T20:10:00","slug":"shapeways-strengthens-position-in-its-multi-million-dollar-automotive-sector","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shapeways-strengthens-position-in-its-multi-million-dollar-automotive-sector\/","title":{"rendered":"Shapeways Strengthens Position in its Multi-Million-Dollar Automotive Sector"},"content":{"rendered":"

\nNewly Secured Electric Vehicle Contract Accelerates Growth
\n<\/h2>\n
\n

NEW YORK, Sept. 22, 2023 (GLOBE NEWSWIRE) — Shapeways<\/u><\/a> Holdings, Inc.<\/u><\/a> (NASDAQ: SHPW), a global leader in the large and fast-growing digital manufacturing industry, announced today accelerated growth within its multi-million-dollar automotive business\u2014most recently in the electric vehicle (EV) sector. Shapeways Enterprise Manufacturing Solutions signed a contract for over a quarter of a million dollars, reinforcing the company’s continued expansion and dedicated strategy in the automotive and EV industries.<\/p>\n

\u201cThis new contract underscores our dedication to advancing sustainable transportation,\u201d said John Tenbusch, Sales Director, Automotive Vertical for Shapeways. \u201cThrough partnerships with key industry leaders, we’re ensuring that our technological capabilities translate to real-world impact.”<\/p>\n

Data from MarketsandMarkets Research projects the electric vehicle market<\/u><\/a> will reach $951.9B by 2030, with the commercial EV sector<\/u><\/a> seeing a 22.5% CAGR from 2023 to 2030. This trajectory indicates a major shift toward electric vehicles, with Shapeways playing a role in manufacturing critical components for commercial large-scale electric delivery vehicles.<\/p>\n

\u201cWe share our clients’ vision for the production of quality, high-performance parts,” said Aidan O\u2019Sullivan, GM of Enterprise Manufacturing Solutions for Shapeways. “This commitment becomes more visible in our growing portfolio within the electric vehicle sector.\u201d<\/p>\n

Drawing from recent momentum in securing contracts from Tier 1 automotive suppliers, Shapeways has demonstrated the ability to combine enterprise-level manufacturing with high-precision traditional and additive manufacturing technologies. This range of capabilities appeals to manufacturers in automotive, as well as medical, robotics, and other applications.<\/p>\n

This recent contract adds another layer to the company\u2019s strong presence in the EV market. The demand for Shapeways’ manufacturing solutions in applications like batteries for large electric vehicles continues to grow, solidifying the company’s role in this rapidly expanding market.<\/p>\n

\n About <\/strong>
\n Shapeways<\/strong>\n <\/p>\n

Shapeways is a global leader in digital manufacturing, combining additive and traditional technologies with proprietary software solutions designed for other manufacturers and their customers, reducing costs, and improving supply chains. Partnering with hundreds of companies engaged in industrial applications like automotive, medical, and transportation, as well as aerospace and defense, Shapeways helps them scale their businesses, solve complex problems in product development, and achieve critical manufacturing milestones.<\/p>\n

With access to a dozen additive technologies, six conventional manufacturing methods, and hundreds of materials and finishes, Shapeways ensures production of quality parts with the right technologies, at the right time, and at the right cost.<\/p>\n

With ISO 9001-compliant manufacturing facilities in Livonia and Charlotte, Michigan, and Eindhoven, the Netherlands, Shapeways operates globally and has delivered more than 24 million parts to more than 1 million customers in more than 180 countries. For more information, visit www.shapeways.com<\/u><\/a>.<\/p>\n

\n Contact Information<\/strong>
\n
\n Investor Relations<\/strong>
\n
\n investors@shapeways.com<\/a>\n <\/p>\n

\n Media Relations<\/strong>
\n
\n press@shapeways.com<\/a>\n <\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Newly Secured Electric Vehicle Contract Accelerates Growth NEW YORK, Sept. 22, 2023 (GLOBE NEWSWIRE) — Shapeways Holdings, Inc. (NASDAQ: SHPW), a global leader in the large and fast-growing digital manufacturing industry, announced today accelerated growth within its multi-million-dollar automotive business\u2014most recently in the electric vehicle (EV) sector. Shapeways Enterprise Manufacturing Solutions signed a contract for over a quarter of a million dollars, reinforcing the company’s continued expansion and dedicated strategy in the automotive and EV industries. \u201cThis new contract underscores our dedication to advancing sustainable transportation,\u201d said John Tenbusch, Sales Director, Automotive Vertical for Shapeways. \u201cThrough partnerships with key industry leaders, we’re ensuring that our technological capabilities translate to real-world impact.” Data from MarketsandMarkets Research projects the electric vehicle market … <\/p>\n

Continue reading “Shapeways Strengthens Position in its Multi-Million-Dollar Automotive Sector”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-785773","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nShapeways Strengthens Position in its Multi-Million-Dollar Automotive Sector - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shapeways-strengthens-position-in-its-multi-million-dollar-automotive-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shapeways Strengthens Position in its Multi-Million-Dollar Automotive Sector - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Newly Secured Electric Vehicle Contract Accelerates Growth NEW YORK, Sept. 22, 2023 (GLOBE NEWSWIRE) — Shapeways Holdings, Inc. 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Shapeways Enterprise Manufacturing Solutions signed a contract for over a quarter of a million dollars, reinforcing the company’s continued expansion and dedicated strategy in the automotive and EV industries. \u201cThis new contract underscores our dedication to advancing sustainable transportation,\u201d said John Tenbusch, Sales Director, Automotive Vertical for Shapeways. \u201cThrough partnerships with key industry leaders, we’re ensuring that our technological capabilities translate to real-world impact.” Data from MarketsandMarkets Research projects the electric vehicle market … Continue reading "Shapeways Strengthens Position in its Multi-Million-Dollar Automotive Sector"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shapeways-strengthens-position-in-its-multi-million-dollar-automotive-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-22T20:10:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkyNzE3OSM1ODI4NjQxIzIyNjI3NjU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shapeways-strengthens-position-in-its-multi-million-dollar-automotive-sector\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shapeways-strengthens-position-in-its-multi-million-dollar-automotive-sector\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Shapeways Strengthens Position in its Multi-Million-Dollar Automotive Sector\",\"datePublished\":\"2023-09-22T20:10:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shapeways-strengthens-position-in-its-multi-million-dollar-automotive-sector\\\/\"},\"wordCount\":445,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shapeways-strengthens-position-in-its-multi-million-dollar-automotive-sector\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkyNzE3OSM1ODI4NjQxIzIyNjI3NjU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shapeways-strengthens-position-in-its-multi-million-dollar-automotive-sector\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shapeways-strengthens-position-in-its-multi-million-dollar-automotive-sector\\\/\",\"name\":\"Shapeways Strengthens Position in its Multi-Million-Dollar Automotive Sector - 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