Bold Moves in Q1: US Operations Set to Launch in January 2024
Amidst challenges in Q4, exciting developments have marked our recent journey as we navigate the dynamic landscape of innovation and sustainability. Our global footprint expands with notable engagements, including our transition to the US, operations are set to launch in New Jersey come January 2024. As we forge ahead, we're actively seeking partnerships and support.
TL;DR
Joined HAX portfolio, premier HardTech Accelerator (with a 3% acceptance rate), securing our 200K investment tranche
Commencing the transition to the US: operations set to launch in New Jersey starting Jan 2024
Appointed speaker (3D Printing in Space) at the OASA “NewSpace Conference 2023”. Watch our talk here.
2 pilot programs resulted from completing the Free Electrons Program finals (India)
4 investors (Oil & Petrochem) from Hello Tomorrow APAC Investor Day 2023 (Singapore) showed interest
Pitched at the MEMA Aftermarket Start-up Challenge (Atlanta) expanding to automotive market clients
Tapped into the Scandinavian startup and innovation ecosystem at the TechBBQ 2023 (Denmark)
Presented at the PITCH-X Finals & Summit (Singapore) gaining exposure in DeepTech industries
Quickly catch up? Let’s schedule 15 minutes here.
Key Asks
Looking for VCs to address our next 500K tranche
Looking for angel investors and VCs with a specialty in aerospace/hardware/sustainability
Do you know any Tier 2 or Tier 3 automotive manufacturers/family-run SMEs in Europe and the US?
Any US-based companies/founders in the aerospace field, we’d like to know their pain-points
Looking for partners for paid pilot programs
Reach out to team@3dktech.com
Last quarter, we had some goals in the works, here’s how we stacked up:
Finalize angel round by end of year - Completed
Deliver stage 2 and stage 3 of parts for CLP - Completed
Sign MOU with REM - Completed
Attend 3 investor events - Completed
Technical Side
Hardware:
Completed 2 new upgrades to the MVP, solving issues related to linear actuators and precision
Upgraded the electrical equipment
Delivered the 2nd set of samples to CLP for testing, and now printing the 3rd set
Software:
Our software platform for predicting the input parameters needed for different materials, currently at 71 metal alloys and eventually to reach 2000, is back up online. You can see the alpha version here: www.3dktech.shop.
Business Side
Signed an MOU with ATS Corp (to be announced in January 2024)
Accepted into the HAX accelerator program (3% acceptance rate) - including a 150K USD funding in cash
Moving our operations to Newark, NJ, USA
Secured further 15K USD from angels and have another 90K soft-committed
Some final stats
Current burn is still $15K/month, with 4 months of runway
Goals for Q1 2024
Develop an improved motion system for the MVP printer
Develop an improved environment control and sensing for our MVP printer
Redesign the air circulation system to improve filtering and further reduce O2 content from 0.1% to 0.01%
Build the 2nd module of the AI control system improving prediction accuracy
Fundraise our second trance of 500,000 USD at a 5,500,000 USD valuation cap
Expressing our sincere gratitude in your support of our journey, stay tuned for further updates on our progress!
Alex & the Team