Stratasys Reveals Development of New Metal Additive Manufacturing Platform for Short-Run Manufacturing Applications
Internally-developed platform brings values of additive manufacturing
to short-run production while overcoming limitations of cost and
throughput
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.
Online at: www.stratasys.com,
http://blog.stratasys.com
and LinkedIn.
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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Stratasys
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or
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or
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or
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or
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