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UMD Alumni Hatch Sub-$300 Consumer 3D Printer, Raise $3.3 Million on Kickstarter

Companies mentioned in this article: University of Maryland

COLLEGE PARK, Md., May 6, 2014 /PRNewswire-USNewswire/ -- Two University of Maryland graduates have designed The Micro, a consumer-friendly, sub-$300 3D printer, and are quickly staging one of the most successful Kickstarter campaigns of all-time to produce it, hauling in $3.3 million with more than 10,000 backers.

The Micro raced past its $50,000 goal in just 11 minutes and hit the $1 million mark in 25 hours, faster than the Pebble watch, which took 28 hours.

Now, with less than 24 hours to go in a 30-day campaign, this is the last chance to order from the first batch of The Micro 3D printers on Kickstarter, a Web-based funding platform for creative projects.

3D printing, also called additive manufacturing, is a process of making a three-dimensional solid object of virtually any shape from a computer-generated digital model.

"A 3D printer is a magical box that creates things," said Michael Armani (B.S., mechanical engineering, 2005 and Ph.D., bioengineering, 2010), co-founder of M3D, the company he launched with David Jones (B.S., computer science, 2006). "It's that simple. There is nothing on your desk one second, and the next you have it."

Weighing just two pounds, medium watermelon-sized and box-shaped, The Micro can be used to create anything from custom jewelery, cookie cutters, everyday objects around the house, and even real engineering and artistic prototypes, according to the company. Much like a paper printer, The Micro attaches to a computer, through which users download or create models using M3D's software, which company officials say is as interactive and enjoyable as playing a game. Once a model is selected, users hit print and the object is made.

"Starting with a seamless design, we created the Micro by preserving the best features of existing printers and redesigning everything else," said Jones. "What's more, we kept the cost of The Micro low by ensuring that it's both space and power efficient, using as much power as a tablet would use. We are excited to be a part of the 3D printing revolution, and hope that The Micro will play its part in changing the way people build, innovate and create."

Not only did Armani, Jones and the M3D team, which includes four others with UMD affiliations, create the most affordable 3D printer, they also claim 15 additional innovations over current models:

    1. Most space-efficient 3D printer ever made
    2. Lightweight, portable design fits nicely on a desk
    3. Micro motion chip provides completely automatic leveling and calibration
    4. Most quiet 3D printer ever made
    5. Lowest power consumption 3D printer ever made
    6. Carbon fiber rods: light, sturdy, self-lubricating and long-lasting
    7. Ceramic heater for rapid heat-up, power efficiency, reliability and
       safety
    8. Available in bold colors: silver, black, blue, red, orange and green
    9. New filament materials like Chameleon PLA.
    10. Inspirational Micro filament spools
    11. Modernized touch-capable software
    12. Replaceable print beds for alternative materials
    13. Replaceable nozzles for experimenters
    14. Designed for fast assembly in the U.S. for quality control
    15. An ABS-based print bed allows you to print larger ABS parts.

The Micro is powered by what the company collectively calls Micro Motion Technology(TM), a series of next generation innovations that together create precision at a fraction of the cost.

M3D plans to assemble its printers in the U.S. and is seeking manufacturing space in Montgomery County, Md. The company is based in Bethesda.

Armani and Jones met at UMD in 2002 while auditing a biology class that neither of them needed to graduate. Their friendship has grown ever since.

A serial entrepreneur, Armani won $5,000 in Mtech's UMD $75K Business Plan Competition in 2010 for CloudSolar, a company he launched to develop solar energy technologies.

Additional UMD-affiliated M3D team members include: Danny Lee (B.S., 1989), Su Lee (economics, 2011), Aliaksandr Mamonau (electrical and computer engineering and computer science, expected fall 2015), and Syed Rahman (mechanical engineering, expected 2015).

High-resolution screenshots, logos and headshots are available here. For more information, please visit The Micro's website here and M3D's website here.

About M3D
M3D is a tech startup based right outside the nation's capital in Bethesda, Maryland. Founders Michael Armani, bioengineer Ph.D. and co-founder David Jones, with a degree in computer science, lead the team. As passionate entrepreneurs with over a decade of experience in materials science, product manufacturing, software, and robotics, they joined forced with a vision to redefine the world of desktop 3D printing. They wanted to make 3D printers with great consideration for simplicity and the full user experience. With a laundry list of innovations they wanted to make, the two entrepreneurs got to work, building the first 3D printer that could be widely adopted by the consumer market.

About the Maryland Technology Enterprise Institute (Mtech)
The mission of Mtech, a unit of the A. James Clark School of Engineering at the University of Maryland, is to educate the next generation of technology entrepreneurs, create successful technology ventures, and connect Maryland companies with university resources to help them succeed. Founded in 1983, Mtech has had a $32.3 billion impact on the Maryland economy and helped create or retain more than 10,000 jobs. Top-selling products such as MedImmune's Synagis®, which protects infants from a deadly respiratory disease, and Hughes Communications' HughesNet®, which brings satellite-based, high-speed Internet access to the world, were developed through or enhanced by our programs. Billion-dollar companies such as Martek Biosciences and Digene Corporation graduated from our incubator. Mtech offers three experiential learning programs and 20+ entrepreneurship and innovation courses, serving 1,000+ students annually, at the pre-college, undergraduate and graduate levels.

About the University of Maryland
The University of Maryland is the state's flagship university and one of the nation's preeminent public research universities. A global leader in research, entrepreneurship and innovation, the university is home to more than 37,000 students, 9,000 faculty and staff, and 250 academic programs. Its faculty includes three Nobel laureates, two Pulitzer Prize winners, 49 members of the national academies and scores of Fulbright scholars. The institution has a $1.8 billion operating budget, secures $500 million annually in external research funding and recently completed a $1 billion dollar fundraising campaign.

SOURCE University of Maryland