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Article: 3-D printing company's future fails to take shape: high costs of product contribute to fall of Desktop Factory.(STARTUP)(Interview)
- Article from:
- Los Angeles Business Journal
- Article date:
- August 24, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DESKTOP Factory Inc. is about to disappear.
The Pasadena-based company, which built a printing device that could produce 3-D sculptures, announced two weeks ago that it had run out of cash. Cathy Lewis, the company's chief executive and its lone remaining employee, told the Business Journal the company had an interested buyer and expected a deal to close within the next month.
Desktop Factory, which was spun out of incubator IdeaLab in 2004, offered so-called 3-D printers primarily to businesses and schools for $5,000 each. Users would design a three-dimensional model on computers and Desktop Factory's printing device would then build the model out of ...