Proto Labs Inc. (PRLB) is a digital manufacturing company that uses computer numerical control (CNC) machining, injection molding, and 3D printing to produce parts for its customers. Its proprietary software and automated manufacturing system allow for quick-turn production, enabling the company to produce custom parts and assemblies in as little as one day. The company is headquartered in Maple Plain, Minnesota.
The company was founded in 1999 by Larry Lukis, who was frustrated with the long lead times and high costs associated with obtaining custom parts for his business. He developed a software that was able to automate the manufacturing process, making it faster and more cost-effective. It was from this innovative solution that Proto Labs was born.
Proto Labs operates in a wide range of industries such as medical devices, electronics, appliances, automotive, and consumer products. The company's services are particularly beneficial to engineers and product designers who use 3D CAD software to design parts. They can upload their 3D CAD model into Proto Labs’ online platform and then receive an interactive quote with manufacturability analysis within hours.
One of the keys to Proto Labs' success is their commitment to innovation. The company continually invests in new technologies, processes, and materials that will push the boundaries of manufacturing. This strategic move not only keeps Proto Labs ahead of its competitors, but also ensures that it continues to provide the best possible service to its customers.
The company has received numerous awards for its innovation and growth, including the #4 ranking in Forbes Magazine's 2014 list of America's Best Small Companies, and the Frost & Sullivan 2013 Manufacturing Leadership Award.
Despite the competitive marketplace, Proto Labs has managed to remain an industry leader because of its unique value proposition: offering speedy, on-demand production at a competitive price. As a testament to its robust business model, the company has enjoyed steady growth over the years and remains a preferred partner for companies needing quick turnaround times for custom parts.
In summary, Proto Labs Inc. is an advanced digital manufacturing company that prides itself on providing fast, cost-effective solutions for the production of custom parts. Through innovation, strategic investments, and a strong focus on customer service, the company continues to lead the way in the rapid manufacturing industry.