UnionTech

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Shanghai Union Technology Corp., Ltd.
Company typePrivate
Industry3D printing
Founded2000; 24 years ago (2000)
FounderBo Zou[1]
HeadquartersShanghai
Area served
Worldwide
Key people
Hai Xu (chairman)[2]
Websitewww.uniontech3d.com

UnionTech (Chinese: 联泰科技[3]), fully known as Shanghai Union Technology Corp.,[4] is a Chinese 3D printer manufacturer[5] founded by Bo Zou in 2000.[6] The company focuses on the applications of 3D printing technology, and specializes in making industrial 3D printers.[7] After its formation, the firm was backed by Evonik Venture Capital,[8] Dragonrise Capital,[9] and Goldstone Investment.[10] Its products are applied in education, automotive, aerospace and other industries.[11]

Headquartered in Shanghai,[12] UnionTech established operations in Germany,[13] Vietnam, and the United States,[14] among others. The company was previously listed on the NEEQ.[15] In September 2022, it completed a pre-IPO round of financing.[16] In May 2023, the firm made a pre-listing tutoring filing with the Shanghai Securities Regulatory Bureau.[17]

History[edit]

UnionTech started photolithography in China in 2000.[18] In 2015, it received its first round of funding.[19] In 2016, it entered North America.[20] In the same year, RP Sales America became its distributor.[21]

In 2017, UnionTech launched PILOT 3D printers.[22] In the same year, Ohio-based Aerosport purchased a stereolithography 3D printer from the company.[23] In 2018, it opened a SL demonstration center in Chicago.[24]

In December 2020, a minority stake in UnionTech was acquired by Evonik through its venture capital arm.[25] In November 2021, the company raised $30 million in Series D funding.[26]

References[edit]

  1. ^ "SAE 2016 Aviation Technology Forum to be held in Shanghai" (PDF). SAE International. June 7, 2016. Archived (PDF) from the original on September 27, 2023.
  2. ^ Liang Feng, Yuan Xiaojuan (September 13, 2022). "UnionTech secures CNY 200 investment in pre-IPO round". The Paper. Archived from the original on August 5, 2023.
  3. ^ "Chinese 3D printing company secures new funding to build an unmanned factory". The Nikkei. September 2, 2021. Archived from the original on September 27, 2023. – via www.nikkei.com
  4. ^ Sarah Saunders (November 21, 2017). "DSM Somos Partneres with UnionTech for Materials Distribution". 3DPrint.com. Archived from the original on December 4, 2017.
  5. ^ Stephanie Li (September 12, 2022). "China Digest: WeTrade files for mixed shelf offering; UnionTech, JoyMed raise funds". DealStreetAsia. Archived from the original on July 6, 2023.
  6. ^ "Evonik Industries sets up a joint 3D printing laboratory with UnionTech". MarketScreener. August 12, 2021.
  7. ^ Jeff Kerns (November 26, 2018). "Catching up on 3D Printing Trends". Machine Design. ISSN 0024-9114. Archived from the original on August 5, 2023.
  8. ^ Steven Lee (December 22, 2021). "Industrial 3D Printing Firm UnionTech Completes Round D Financing Worth $30 Million". TechNode. Archived from the original on August 5, 2023.
  9. ^ Michael Molitch-Hou (December 31, 2021). "UnionTech Takes $31M to Grow SLA 3D Printing". 3DPrint.com. Archived from the original on August 5, 2023.
  10. ^ "3D Printing Company UnionTech Raises CNY 200 Million in its Latest Funding Round". Financial Times. September 13, 2022. Archived from the original on August 7, 2023.
  11. ^ Tom Brown (December 8, 2020). "Evonik takes stake in Chinese 3D printing company UnionTech". ICIS.com. Archived from the original on August 5, 2023.
  12. ^ Clare Scott (November 21, 2016). "UnionTech Presents RSPro Series of Industrial SLA 3D Printers to North American Market". 3DPrint.com. Archived from the original on November 23, 2016.
  13. ^ Sarah Saunders (October 13, 2017). "3D Printing Manufacturer UnionTech Expands Staffing". 3DPrint.com. Archived from the original on October 14, 2017.
  14. ^ Mo Yelin (November 6, 2018). "3D Printing Startup to Take on Big Guns After Cash Infusion". Caixin Global. Archived from the original on July 6, 2023.
  15. ^ "Despite the Hype, 3D Printing Leader UnionTech Remains a Fundraising Minnow". Business Insider. Benzinga. September 13, 2022. Archived from the original on July 6, 2023.
  16. ^ "UnionTech Closes $30M Funding Round". FinSMEs. September 13, 2022.
  17. ^ Guan Huijie (May 13, 2023). "Shanghai Union Technology Co., Ltd. completes pre-listing tutoring filing to the SSRB". Caijing. ISSN 1671-4725. Archived from the original on August 5, 2023.
  18. ^ Lorincz, Jim (July 23, 2020). "Service Bureau Invests in Advanced 3D Printing Technology". SME. Archived from the original on August 5, 2023.
  19. ^ Wangmo Pujia (May 18, 2023). "3D Printing Companies Accelerate Rush Toward IPO". Shanghai Securities Journal. Archived from the original on May 19, 2023.
  20. ^ Bregar, Bill (November 29, 2016). "Union Tech 3-D printers now sold in North America". Plastics News. Archived from the original on November 30, 2016.
  21. ^ Luke VanDerPol (November 7, 2016). "New Sharon company to distribute new 3D printer line". The Oskaloosa Herald. Archived from the original on August 5, 2023.
  22. ^ Bridget Butler Millsaps (September 27, 2017). "UnionTech Presents New Series of PILOT 3D Printers at TCT Show". 3DPrint.com. Archived from the original on September 27, 2017.
  23. ^ Langnau, Leslie (November 30, 2018). "3D printing for show rather than tell". Design World. Archived from the original on August 5, 2023.
  24. ^ Langnau, Leslie (August 20, 2018). "UnionTech Opens Stereolithography Demonstration Center in Chicago Area". Design World. Archived from the original on August 5, 2023.
  25. ^ Everett, Hayley (December 9, 2020). "Evonik acquires a minority stake in UnionTech". 3D Printing Industry.
  26. ^ "UnionTech raises US$30 million in Series D". The Asset. January 6, 2022. Archived from the original on October 30, 2023.
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