Proto Labs Founder and Board Chairman Larry Lukis To Retire

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Screen Shot 2017-03-03 at 9.13.52 AMVia News Release

“MAPLE PLAIN, Minn.–(BUSINESS WIRE)–Custom prototyping and low-volume production company Proto Labs, Inc. (NYSE: PRLB) announced today that its founder and chairman of the board of directors, Larry Lukis, has chosen to retire and will not stand for re-election at the company’s annual meeting in May.”

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Proto Labs Acquires Alphaform, Expanding European Presence

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Via News Release

“MAPLE PLAIN, Minn. — Proto Labs, Inc. (NYSE:PRLB) today announced that it has reached agreement in principle to acquire select assets and operations of Alphaform, AG subject to standard terms and conditions of purchase.

Alphaform is a leading service bureau headquartered in Feldkirchen (Munich), Germany. The planned acquisition will include Alphaform divisions operating in Germany, Finland and the United Kingdom.”

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Proto Labs CEO: Rapid Growth ‘Doesn’t Happen On Its Own’

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By Brennan Lafferty, Plastics News

“PLYMOUTH, MINN. — Vicki Holt’s team at Proto Labs Inc. has taken prototype manufacturing and shipping to the extreme. Want that prototype in two weeks? Done. Tomorrow? No problem.

“We take months out of the product development lifecycle, which is really important to manufacturing companies to be vibrant, to be able to innovate and bring things to market quick and cost effectively,” said Holt, who joined Proto Labs as CEO 18 months ago.”

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Latest Proto Labs Cool Idea! Award Goes To Thermoelectric Wrist Device

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Via News Release

“MAPLE PLAIN, Minn.–(BUSINESS WIRE)–The creators and developers [Embr Labs] of a wearable bracelet that actively cools or heats one’s skin for comfort, have been presented with the latest Proto Labs Cool Idea! Award, a service grant given to innovative companies by quick-turn manufacturer Proto Labs, Inc. (NYSE: PRLB). “

“The market demand for wearable devices is growing,” says Proto Labs founder Larry Lukis. “Wristify fits well into this niche and should successfully ride the wearable device trend. I see Wristify taking a prominent place next to another wearable bracelet that’s utilitarian — the Fitbit.” That could happen soon. Developers say that Wristify should be on the market in the next year. Retail price has yet to be determined.

Wristify’s concept is that the thermoelectric bracelet can influence a person’s perception of how warm or cold a room feels, by sending hot or cold pulses to the wrist. This provides personalized thermal relief directly to the wearer, potentially resolving those situations in which some people think a room is too cold versus those who feel overheated.

For now, people will use the device for personal comfort, though Embr Labs developers say the ultimate aim is to reduce the energy consumption of buildings, by cooling and heating the individual, not the building.

Sam Shames, one of four co-founders of Embr Labs, says developers are using the Cool Idea! Award manufacturing grant for various custom prototype parts from Proto Labs such as CNC-machined aluminum enclosures and Santoprene bottom components. “The prototypes we have built out from Proto Labs’ manufactured parts have been the best prototypes used to date,” Shames says. “The parts have been greatly beneficial in the prototype phase and we’ve been really pleased with the general aesthetic and design, which have a sleek look and feel to them. Plus, the functionality of these parts has been great.”

Since 2011, the Cool Idea! Award has provided more than $1 million in Proto Labs prototyping and short-run production services to entrepreneurs developing new products in the United States and Europe. Unlike other awards that recognize products after they’re in mass production and on store shelves, the Cool Idea! Award is meant to help innovative ideas come to life. For more information about the Cool Idea! Award and to apply, visit protolabs.com/coolidea.

About Proto Labs

Proto Labs is the world’s fastest digital manufacturing source for custom prototypes and low-volume production parts. The technology-enabled company uses advanced 3D printing, CNC machining and injection molding technologies to produce parts within days. The result is an unprecedented speed-to-market value for product designers and engineers worldwide. Visit protolabs.com for more information.

About Embr Labs and Wristify

Embr Labs was founded in 2013 by four members of the MIT Department of Materials Science and Engineering Department: Matthew Smith, Ph.D. ’12, Sam Shames, SB ’14, Michael Gibson, SB ’13 and current Ph.D. candidate David Cohen-Tanugi, PhD ’15. All are passionate about developing technologies that improve people’s lives and the planet. The Embr Labs team has benefitted greatly from the mentorship and support they have received from the Martin Trust Center for MIT Entrepreneurship and the MIT Venture Mentoring Service. Wristify won first prize at the 2013 MADMEC competition at MIT, participated in the 2014 Global Founders Skills Accelerator at MIT, and were finalists in the Intel Make It Wearable Competition. For more information, visit embrlabs.com.

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As Proto Labs Gives Back, An Opportunity To Expand On Entrepreneurial Impact

Proto Labs Cool Idea The Proto Labs Cool Idea! Award is an international competition created to assist emerging inventors with turning their concepts into reality.

It started back in 2011 as an experiment and has since reached over $850k in prizes over the last four years of operation.

No actual money is exchanged, rather services and publicity are the gain for winners of this award contest. A most recent example is Hush Technology who picked up production services from Proto valued between
$12k-$15k for their new wireless smart earphones.

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Proto Labs Caps Another Strong Year With Record Growth

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By Stephen Montemayor, Twin Cities Business

“Shares of Maple Plain-based Proto Labs Inc. jumped Thursday on news that the company reported record fourth-quarter revenues and a big increase for the year.

Proto Labs, which specializes in quick-turn manufacturing of custom parts for prototyping or short-run production, said revenue rose 27 percent to $56.1 million for the fourth quarter ending December 31. Net income for the quarter also rose to $10.2 million, or 39 cents per share, up from $9.5 million for the same quarter a year ago.”

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Proto Labs annual Cool Idea! Award goes to wearable kinetic charger

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Via News Release

“MAPLE PLAIN, Minn.–(BUSINESS WIRE)–The creators of a wearable kinetic device called AMPY have been presented with the latest Proto Labs Cool Idea! Award. AMPY lets users discreetly capture and convert their daily physical activity into charging power for their smartphones.

“Wearable devices are playing an increasingly more important role in daily life,” says Proto Labs founder, Larry Lukis. “AMPY embodies the spirit of the wearable segment with its effortless user integration, but simultaneously offers an environmentally friendly kinetic alternative to wall chargers.”

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New CEO wants to turn Proto Labs into a $1 billion company

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By Dee DePass, Star Tribune

Proto Labs CEO Vicki Holt doesn’t sit still. In her first 11 weeks on the job, she negotiated an acquisition, opened a factory, started two production lines and relocated 175 workers from the company’s Maple Plain headquarters to Plymouth. She also moved herself from St. Louis to the Twin Cities.”

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