Formerly called The ProtoMold Company Founder Larry Lukis | Revenue $264 million (2015) Founded 1999 | |
Traded as NYSE: PRLB
S&P 600 Component Area served USA, England, Japan, Spain, France, Germany, Italy Key people Larry Lukis
Vicki Holt (CEO) Products Injection-molded parts for printers Stock price PRLB (NYSE) US$ 49.75 +0.15 (+0.30%)28 Mar, 9:36 AM GMT-4 - Disclaimer CEO Victoria M. Holt (6 Feb 2014–) Headquarters Maple Plain, Minnesota, United States Subsidiaries Proto Labs Ltd, PLJ Ltd, Proto Labs GmbH Profiles | ||
3d printing proto labs ceo vicki holt on the rise of digital manufacturing across europe
Proto Labs is a company that provides rapid manufacturing of low-volume 3-D printed, CNC-machined and injection-molded custom parts for prototyping and short-run production. Markets like medical devices, electronics, appliances, automotive and consumer products use these parts. Proto Labs' headquarters and manufacturing facilities are located in Maple Plain, Minnesota. The company also has a fully operational manufacturing facility in England and Japan.
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History
In 1999, Larry Lukis founded the Protomold Company, Inc., that specialized in the quick-turn manufacture of custom plastic injection molded parts. Protomold was recognized for its small batch molded parts and rush orders. He previously ran ColorSpan, an original equipment manufacturer that produces printers and desktop publishing systems. He was the chief technology officer of Protomold. Later, in 2001, Brad Cleveland joined Protomold as CEO and president.
In 2005, Protomold opened up its first UK plant in Telford, England. Two years later, Protomold Ltd. introduced the Firstcut quick-turn CNC machining service. In 2009, the company combined its Protomold and Firstcut services under its corporate name, Proto Labs Inc. Proto Labs opened a location in Japan to service Japanese design engineers.
In 2009, Firstcut, a service from Proto Labs, made available CNC-machined prototype parts made of aluminum, as well as ABS, nylon, and PEEK. In February 2012, Proto Labs completed its initial public offering of common stock.
In 2013, Proto Labs reached $150 million in revenue. In 2014, Proto Labs acquired the North Carolina-based 3-D printing company, FineLine Prototyping Inc. In fall 2016, the Proto Labs' 3D printing services moved to a new 77,000 sq. ft. facility in Cary, North Carolina. The company also opened a plant in Plymouth, Minnesota.
In February 2014, Vicki Holt was named CEO. She was hired to help Proto Labs become a billion dollar manufacturing company. Holt is expanding Proto Labs into the medical equipment markets and the lighting industry.
Services
Proto Labs is the world's fastest digital manufacturing source for rapid prototypes and on-demand production parts. The technology-enabled company uses 3D printing, CNC machining, and injection molding technologies to produce parts within days. The result is an unprecedented speed-to-market value for designers and engineers and an on-demand resource throughout a product’s life cycle.
Product developers can upload a 3D CAD model online and receive an interactive quote with design feedback and pricing information within hours. The manufacturability analysis helps customers eliminate potential problems like sink or walls that are too thin or thick. Once a part design is ready and a quote approved, production of 3D-printed, machined or injection-molded parts begin.
3D PRINTING
Industrial 3D printing uses additive manufacturing technologies to create extremely accurate and repeatable prototypes, from small parts with complex geometries to large, precise patterns. 3D-printed parts are built by rapid stereolithography, selective laser sintering and direct metal laser sintering processes, and in a range a plastics and metals.
CNC MACHINING
CNC machining works well for smaller quantities of less than 200 parts. Milling and turning processes are used to machine engineering-grade plastic and metal parts for prototyping and production. Machined parts are well-suited for functional testing, jigs and fixtures, and small quantities of production components.
INJECTION MOLDING
Injection molding is used for on-demand prototyping, bridge tooling, and low-volume production of up to 10,000+ parts. More than 100 thermoplastic and liquid silicone rubber materials are available. In 2016, the company enhanced its injection molding service with the introduction of overmolding and insert molding.
Cool Idea! Program
In 2011, Proto Labs launched the Cool Idea! Award program. It awards a total of up to $250,000 each year in services to entrepreneurs with innovative product ideas in the United States and Europe.
Awards
In 2004, the Minneapolis/St Paul Business Journal named Protomold Inc. to the top of its “Growth 50” list.
In 2010 and 2013, Proto Labs was awarded the Queen’s Award for Enterprise.
In June 2012, Larry Lukis and Brad Cleveland won the Ernst & Young Entrepreneur of the Year award for their work with Proto Labs, Inc.
In 2013 and 2014, Proto Labs was recognized by Forbes in the top 5 of America's Best Small Companies.
In 2015, Proto Labs was recognized as one of the top ranked rapid prototyping vendors in the United States by their customers.
In 2016, Workplace Dynamics recognized Proto Labs as a top-ranked workplace in Minnesota
In 2016, the Minnesota High Tech Association awarded Proto Labs with a Tekne award for its work in advanced manufacturing.