Stratasys and Desktop Metal Extend Their Strategic Partnership to Accelerate Adoption of Metal Additive Manufacturing
May 09 2017 - 11:45AM
Business Wire
Built on track-record of collaboration, this
partnership includes distribution activities and explores further
go-to-market activities in the future
Leverages three decades of Stratasys market
leadership in polymer 3D printing and Desktop Metal’s pioneering
technologies to broaden accessibility of metal 3D printing
Stratasys Ltd. (Nasdaq:SSYS), the 3D printing and additive
manufacturing solutions company, and Desktop Metal today announced
an extension of their strategic partnership – designed to
accelerate accessibility and adoption of metal additive
manufacturing. Built on a rich history of collaboration, the new
agreement includes distribution efforts and explores further
go-to-market activities in the future.
The strategic partnership aims to leverage nearly 30 years of
Stratasys leadership in polymer 3D printing – alongside Desktop
Metal’s pioneering metal 3D printing technologies - to broaden the
accessibility and adoption of metal 3D printing to a wide range of
engineering teams. As a result of this partnership, customers will
be able to work with leading Stratasys resellers who will begin
representing Desktop Metal solutions, including the recently
announced Studio System and the Production System, alongside
Stratasys’ broad family of advanced FDM and PolyJet solutions.
Expected to ship September 2017, Desktop Metal’s Studio System
is the first office-friendly metal 3D printing solution. At up to
ten times less expensive than today’s metal 3D printers, it’s the
only metal 3D printing system that is cost-effective for
engineering teams. For the first time, it’s possible to produce
highly complex metal parts and assemblies with metal 3D printing
without leaving the office.
Following the successful release of the Stratasys FDM-based F123
Series, the companies believe customers will benefit from the
complementary nature of both technologies – now with the enhanced
ability to expedite product development cycles by producing both
plastic and metal prototypes in an office-friendly environment.
“Stratasys has always been focused on providing customers with
cutting-edge 3D printing innovation with our PolyJet and FDM
solutions. Today our offerings are used by customers worldwide –
across automotive, aerospace, healthcare, education and consumer
products – to achieve rapid prototyping, tooling and manufacturing
processes,” said Ilan Levin, CEO, Stratasys. “As one of the early
investors in Desktop Metal, we realize customers are seeking
additional ways to incorporate metal into their essential design
and manufacturing processes. Today’s announcement takes this
commitment one step further – empowering global manufacturers and
engineers to expedite product development cycles by producing both
plastic and metal parts in office-friendly and production-based
environments.”
"Working with well-respected strategic partners like Stratasys
adds critical capabilities for broadening access to our metal 3D
printing systems," said Ric Fulop, CEO and Co-Founder of Desktop
Metal. "The addition of Stratasys’ network of resellers allows us
to deliver more effectively to our market and also enables
Stratasys’ customers to gain access to Desktop Metal’s systems
while retaining the service and support they have come to
expect.”
Both companies are exhibiting @ the RAPID conference in
Pittsburgh, May 9-11. Customers are invited to view the new metal
solutions @ Desktop Metal’s booth (#1537) and the new F123 FDM
series and additional advanced 3D printing solutions @ Stratasys’
booth (#1513).
About Desktop Metal
Desktop Metal, Inc., based in Burlington, Massachusetts, is
accelerating the transformation of manufacturing with end-to-end
metal 3D printing solutions. Founded in 2015 by leaders in advanced
manufacturing, metallurgy, and robotics, the company is addressing
the unmet challenges of speed, cost, and quality to make metal 3D
printing an essential tool for engineers and manufacturers around
the world. For more information, visit www.desktopmetal.com.
About Stratasys
Nearly 30 years, Stratasys Ltd. (NASDAQ:SSYS) has
been a defining force and dominant player in 3D printing and
additive manufacturing – shaping the way things are made.
Headquartered in Minneapolis, Minnesota and Rehovot, Israel, the
company empowers customers across a broad range of vertical markets
by enabling new paradigms for design and manufacturing. The
company’s solutions provide customers with unmatched design freedom
and manufacturing flexibility – reducing time-to-market and
lowering development costs, while improving designs and
communications. Stratasys subsidiaries include MakerBot and
Solidscape, and the Stratasys ecosystem includes 3D printers for
prototyping and production; a wide range of 3D printing materials;
parts on-demand via Stratasys Direct Manufacturing; strategic
consulting and professional services; the GrabCAD platform with
over 3 million professional users; and the Thingiverse and GrabCAD
communities with over 2 million 3D printable files for free
designs. With more than 2,700 employees and 1,200 granted or
pending additive manufacturing patents, Stratasys has received more
than 30 technology and leadership awards. Visit us online at:
www.stratasys.com or http://blog.stratasys.com/, and follow us on
LinkedIn.
Stratasys and FDM are registered trademarks of Stratasys Ltd.
and or its subsidiaries or affiliates. PolyJet is a trademark of
Stratasys Ltd. All other trademarks belong to their respective
owners.
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Stratasys ContactsInvestor RelationsShane Glenn,
952-294-3416Vice President - Investor
Relationsshane.glenn@stratasys.comorMedia RelationsArita
Mattsoff, +972-74-745-4000 (IL)arita@stratasys.comJoe Hiemenz,
+1-952-906-2726 (US)joe.hiemenz@stratasys.comorDesktop Metal,
Inc.Lynda McKinney,
+1-978-224-1282lyndamckinney@desktopmetal.com
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