MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--Stratasys Ltd. (NASDAQ: SSYS), a global leader in applied additive technology solutions, announced today the development of a new metal additive manufacturing platform, designed to become a viable manufacturing technology to displace conventional methods for short-run manufacturing.
Additive manufacturing is transforming production by offering geometric freedom of manufacturing, simplified supply chains, and superior economics through the elimination of costly tooling. Stratasys has led this transformation by advancing future ready leaders and their industries through complete 3D printing expertise and solutions, and is now seeking to further disrupt conventional manufacturing with a new advanced additive platform to meet the challenges of short-run metal production applications.
For nearly 30 years Stratasys has pioneered the development and adoption of 3D printing and additive manufacturing technologies, including the precise, repeatable, and reliable FDM and PolyJet 3D printing platforms.
The Company’s new technology platform is being developed to directly address the needs of customers whose requirements include the production of pilot-series parts, small batch manufacturing during product ramp up and end-of-life, and customized, lightweight, and complex parts.
The global market for metal additive manufacturing is projected to grow to $12 billion by 2028, according to industry estimates.
The innovative Stratasys platform has been developed internally over the past several years, incorporating the Company’s proprietary jetting technology. The platform was designed from inception to provide the values of additive manufacturing for short-run production, while overcoming material limitations of currently available metal-based additive manufacturing systems. With this new technology, Stratasys believes it will offer customers a new ability to short-run manufacture metal parts made with commonly used powder metallurgy, starting with aluminum, at an economically competitive cost-per-part and throughput, with easy to implement post-processing and high part quality.
“We are extremely excited to announce our development of this new additive manufacturing platform, targeting short-run production applications for a variety of industries, including automotive, aerospace, defense, machining, and metal foundries,” said Ilan Levin, Chief Executive Officer of Stratasys. “We believe that this platform will meaningfully expand our addressable markets for the long term and provide our customers with an effective means to realize the values of additive manufacturing for powder metallurgy applications.”
The Company will unveil further details about this new technology at the RAPID + TCT 3D Printing and Additive Manufacturing Conference, Booth#1104, taking place from April 23-26 in Fort Worth, Texas.
Stratasys (NASDAQ: SSYS) is a global leader in applied additive technology solutions for industries including Aerospace, Automotive, Healthcare, Consumer Products and Education. For nearly 30 years, a deep and ongoing focus on customers’ business requirements has fueled purposeful innovations—1,200 granted and pending additive technology patents to date—that create new value across product lifecycle processes, from design prototypes to manufacturing tools and final production parts. The Stratasys 3D printing ecosystem of solutions and expertise—advanced materials; software with voxel level control; precise, repeatable and reliable FDM and PolyJet 3D printers; application-based expert services; on-demand parts and industry-defining partnerships—works to ensure seamless integration into each customer’s evolving workflow. Fulfilling the real-world potential of additive, Stratasys delivers breakthrough industry-specific applications that accelerate business processes, optimize value chains and drive business performance improvements for thousands of future-ready leaders around the world.
Corporate Headquarters: Minneapolis, Minnesota and Rehovot, Israel.
Stratasys and the Stratasys signet is a trademark of Stratasys Ltd. and/or its subsidiaries or affiliates. All other trademarks are the property of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
The statements in this press release relating to Stratasys’ beliefs regarding the benefits consumers will experience from its short-run metal additive manufacturing technology, Stratasys’ expectation as to its release to the market of this new technology, and the likelihood that the technology will expand Stratasys’ addressable markets for the long term, are forward-looking statements reflecting management's current expectations and beliefs. These forward-looking statements are based on current information that is, by its nature, subject to rapid and even abrupt change. Due to risks and uncertainties associated with Stratasys' business, actual developments could differ materially from those projected or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: the risk that consumers will not perceive Stratasys’ short-run metal additive manufacturing technology to be as beneficial as Stratasys does; the risk that unforeseen technical difficulties will delay or prevent entirely the completion of the development of this new technology; the risk that even if it is released to market, this new technology will not effectively expand Stratasys’ addressable markets for the long term, due to market developments or other factors beyond Stratasys’ control; and other risk factors set forth under the caption “Risk Factors” in Stratasys' Annual Report on Form 20-F for the year ended December 31, 2017, which is being filed by Stratasys with the Securities and Exchange Commission (SEC) on the same day on which this press release is being issued. Stratasys is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by the rules and regulations of the SEC.
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