These items are steeply discounted, so now’s the time if you want to stock up. Right now, New Matter is having a going out of business sale on filament, print surface plates, and its Quil 3D printing pen. Schell has released an FAQ covering the cessation of operations and what that means for customers. After that time, MOD-t 3D printers will lose their Wi-Fi functionality, but they will still be able to print via USB and the MOD-t desktop app. The New Matter Store will still remain operational until mid-summer 2018, and limited technical support will be available. MOD-t owners can be reassured that their 3D printers will remain functional even after the company closes. “It has become clear that our aspirations to transform the industry simply don’t fit profitably into the current market dynamics in desktop 3D printing,” said New Matter CEO Steve Schell in a letter posted to the company’s website. Despite a successful four years, selling more than 10,000 3D printers to customers around the world, the business is no longer sustainable. Sadly, New Matter announced this week that it will be closing its doors, effective at the end of this month. New Matter also stepped up to help customers of a shuttering 3D printing business in March 2016 and introducing the second generation of the MOD-t 3D printer in October 2017. The company’s offerings were a favorite especially among educators – and the education industry was a favorite of New Matter, which donated hundreds of thousands of dollars worth of 3D printers and supplies to schools and learning centers.
The company ended up raising nearly double its original crowdfunding goal and closed a $6.5 million Series A funding round a few months later, and the 3D printer went on to become a popular favorite, well-liked for its simplicity, ease of use, and certainly for its low price tag.
Four years ago, a company called New Matter arrived on the scene with its affordable, accessible MOD-t 3D printer, launched via Indiegogo.