3D Systems Reduces Price on ProX SLS 500 to Expand 3D Printing Market and Gain Market Share
April 13 2017 - 9:00AM
New price point lowers total cost of operations
and enhances value proposition
ROCK HILL, S.C., April 13, 2017 (GLOBE NEWSWIRE)
-- 3D Systems (NYSE:DDD) today announced a price drop of
more than 30 percent1 of its
production-ready ProX® SLS
500 3D printing system in North America and Europe, an
aggressive move to increase market share and drive adoption of the
technology as companies look to shift production to additive
manufacturing. New system pricing for customers starts at
$270,000 and €250,000.1
A photo accompanying this announcement is
available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/7674c5e6-2ccc-42f9-85ba-35d5745495f8
Featuring one of the broadest portfolios of
materials available, 3D Systems' SLS technology delivers
exceptional versatility for printing a wide range of parts and
build sizes from interior components for airplanes to large
production tooling for high-volume manufacturing to small
patient-specific medical devices.
With the price reduction, the ProX SLS 500 has
market leading total cost of operations (TCO) for durable, end-use
parts compared to competing systems.
"The ProX SLS 500 is winning deals today
because of its superior capabilities; the new price point makes it
accessible to additional customers, which we believe will enable us
to increase our installed base faster and be more competitive in
the market," said Jim Ruder, Senior Vice President and General
Manager, Plastics, 3D Systems. "We will continue to invest in SLS
to expand our leadership position and help accelerate the shift to
3D printing production."
3D Systems' ProX SLS 500 uses a wide range of
DuraForm® materials
from tough nylon for production parts, to high-temperature
resistant fiber-reinforced engineering plastic, to glass-filled
engineering plastic for excellent stiffness. DuraForm plastics have
been optimized, validated and tested to offer an exceptional
combination of surface detail, part strength, and durability for
end-use parts.
Additionally, the ProX SLS 500 has high materials
recyclability. Up to 95 percent2 of
material used in a build is turned into parts, resulting in minimal
waste and lower part cost. Automated material handling and
production tools streamline workflows, producing parts up to 7
times faster than comparable FDM systems.
More information on 3D Systems' ProX 500 SLS 3D
printer is available here.
Forward-Looking
Statements
Certain statements made in this release that are not statements of
historical or current facts are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the actual
results, performance or achievements of the company to be
materially different from historical results or from any future
results or projections expressed or implied by such forward-looking
statements. In many cases, forward looking statements can be
identified by terms such as "believes," "belief," "expects," "may,"
"will," "estimates," "intends," "anticipates" or "plans" or the
negative of these terms or other comparable terminology.
Forward-looking statements are based upon management's beliefs,
assumptions and current expectations and may include comments as to
the company's beliefs and expectations as to future events and
trends affecting its business and are necessarily subject to
uncertainties, many of which are outside the control of the
company. The factors described under the headings
"Forward-Looking Statements" and "Risk Factors" in the company's
periodic filings with the Securities and Exchange Commission, as
well as other factors, could cause actual results to differ
materially from those reflected or predicted in forward-looking
statements. Although management believes that the expectations
reflected in the forward-looking statements are reasonable,
forward-looking statements are not, and should not be relied upon
as a guarantee of future performance or results, nor will they
necessarily prove to be accurate indications of the times at which
such performance or results will be achieved. The forward-looking
statements included are made only as the date of the statement. 3D
Systems undertakes no obligation to update or review any
forward-looking statements made by management or on its behalf,
whether as a result of future developments, subsequent events or
circumstances or otherwise.
About 3D
Systems
3D Systems provides comprehensive 3D products and services,
including 3D printers, print materials, on demand manufacturing
services and digital design tools. Its ecosystem supports advanced
applications from the product design shop to the factory floor to
the operating room. 3D Systems' precision healthcare capabilities
include simulation, Virtual Surgical Planning, and printing of
medical and dental devices as well as patient-specific
surgical instruments. As the originator of 3D printing and a shaper
of future 3D solutions, 3D Systems has spent its 30- year history
enabling professionals and companies to optimize their designs,
transform their workflows, bring innovative products to market and
drive new business models.
More information on the company is available
at www.3dsystems.com
___________________
1 Pricing
may vary and is not available in all geographies. New pricing will
be available in the United States and Europe. It excludes
Asia Pacific, Japan, Africa, India and the Middle East.
2 Using
DuraForm PA material
Investor Contact: Stacey Witten
Email: investor.relations@3dsystems.com
Media Contact: Diane Parrish
Email: press@3dsystems.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: 3D Systems Corporation via Globenewswire
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