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Shanghai Union Technology Corp., Ltd.

From EverybodyWiki Bios & Wiki


Shanghai Union Technology Corp., Ltd.
Private
ISIN🆔
Industry3D printing
Founded 📆2000; 26 years ago (2000)
Founder 👔Bo Zou[1]
Headquarters 🏙️Shanghai
Area served 🗺️
Worldwide
Key people
Hai Xu (chairman)[2]
Members
Number of employees
🌐 Websitewww.uniontech3d.com
📇 Address
📞 telephone

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

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

  1. "SAE 2016 Aviation Technology Forum to be held in Shanghai" (PDF). SAE International. June 7, 2016. Archived from the original (PDF) on September 27, 2023. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help) – 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. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  13. Sarah Saunders (October 13, 2017). "3D Printing Manufacturer UnionTech Expands Staffing". 3DPrint.com. Archived from the original on October 14, 2017. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  18. Lorincz, Jim (July 23, 2020). "Service Bureau Invests in Advanced 3D Printing Technology". SME. Archived from the original on August 5, 2023. Unknown parameter |url-status= ignored (help)
  19. Wangmo Pujia (May 18, 2023). "3D Printing Companies Accelerate Rush Toward IPO". Shanghai Securities Journal. Archived from the original on May 19, 2023. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)
  23. Langnau, Leslie (November 30, 2018). "3D printing for show rather than tell". Design World. Archived from the original on August 5, 2023. Unknown parameter |url-status= ignored (help)
  24. Langnau, Leslie (August 20, 2018). "UnionTech Opens Stereolithography Demonstration Center in Chicago Area". Design World. Archived from the original on August 5, 2023. Unknown parameter |url-status= ignored (help)
  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. Unknown parameter |url-status= ignored (help)


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