Just last week we reported on low-cost 3D printer manufacturer Type A Machines shutting down. We asked ourselves if it would be an isolated case or the first of a series of closures as certain unsustainable business models meet their fate. Apparently, it may be the latter. This week another low-cost system manufacturer, New Matter, is announcing the imminent ceasing of operations.
This is not good news, as New Matter was one of the first companies to truly try to target the consumer and educational market. It did so with an affordable and easy to use system. A noble intent. However, when companies like New Matter began to appear – mostly through Kickstarter or other crowd-funding communities – several market operators had voiced their criticism. Many felt that these companies were starting a “killer race to the bottom” in terms of system pricing.
Some 3D printer manufacturers never even really made it out of crowd-funding, such as Tiko 3D or Pirate3D. New Matter’s Mod-t was a real product. The company was able to reach a significant number of customers. We built a Directory page for the company – which means we believed it was a valid project. New Matter signed an important deal with Challenger Center, a leading science, technology, engineering and math (STEM) education organization in the US. The company also signed another deal with Columbia Memorial Space Center, another STEM organization.
“It has become clear that our aspirations to transform the industry simply don’t fit profitably into the current market dynamics in desktop 3D printing,” Steve Schell, the company’s CEO said in a statement on New Matter’s blog.
New Matter will cease operations effective February 28th, 2018. All relevant information and FAQ on ongoing support for Mod-t users can be found here.