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Shanghai Union Technology Corp., Ltd.

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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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