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To make a more accessible additive manufacturing product, JuggerBot focused on the materials customers could use. JuggerBot’s products are designed to run more functional, performance materials rather than those typically used for prototypes, Fernback said. They also run third-party materials, which means customers aren’t bound to a particular seller for their raw materials. The P3-44 will take that approach even further. Customers won’t have to use filaments as the raw material, as is typical for 3D printers. Instead, they will be able to use thermoplastic pellets, which they may already use in other applications.
JuggerBot 3D co-founders Zac DiVencenzo, left, and Dan Fernback. | CONTRIBUTED PHOTO
In addition, Fernback said the P344 is faster than traditional 3D printers: about 200 times faster, he esti-
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expansion is getting too long in the tooth to continue much longer — is just another factor behind why launching TurnCap now makes so much sense. And that’s despite some headwinds a business like this would face, such as the falling interest rate environment that could challenge a fund’s ability to achieve strong returns. Some groups, like bond investors, expect the Federal Reserve to drop rates further this year in response to global economic challenges. “It’s very appropriate right now, with what’s happening in the stock market and economy. We definitely feel we are a little long in the cycle,” Pinney said. “We think there will be some distressed opportunities and (TurnCap’s product) will be in high demand.”
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The fund duration should be about three to five years. Even if a recession doesn’t immediately set in, the odds of that eventually happening increase with time. That could lead to more deal opportunities for the debt fund. Other investments could include preferred-equity deals. Pinney pointed to the strength of the multifamily market — which is the main focus of Cleveland-based real estate investment trust Citymark Capital, which reported market-beating gains last summer and is currently
Rachel Abbey McCafferty: (216) 7715379, rmccafferty@crain.comW investing out of a fund that carried a target size of $250 million — in the Cleveland area and elsewhere as an area in which TurnCap is interested. Pinney TurnCap will be agnostic in terms of geographies, asset classes and real estate sectors. It’s motivated by good debt deals above any other factors. But Pinney praised Citymark’s approach and highlighted it as a group TurnCap would “hope” to one day partner with. “Hopefully, we can facilitate some growth and some deals,” Pinney said. “We are excited to move forward.” Jeremy Nobile: jnobile@crain.com, (216) 771-5362, @JeremyNobile
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mated. Larger pellet extruders can print products even faster, but JuggerBot is aiming to scale that down for a less expensive machine. With the P3-44, customers will be able to print products that are 3 feet wide, 4 feet tall and 4 feet long. And JuggerBot plans to keep growing. In 2020, Fernback said, JuggerBot intends to build out its national sales network, with a goal of expanding distribution support for its customers outside the local region in 2021. Ultimately, the company wants to serve as the “premier 3D printing partner for manufacturers,” he said. That will mean adding more products and more technology offerings to the Youngstown-based company’s portfolio.
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