3D Systems (NYSE:DDD)
Historical Stock Chart
3 Months : From Aug 2019 to Nov 2019
ROCK HILL, S.C. and COLOGNE, Germany, Aug. 29, 2019 /PRNewswire/ -- 3D Systems (NYSE: DDD) and TOYOTA Motorsport GmbH (TMG), a wholly owned subsidiary of TOYOTA Motor Corporation, today announced they have entered a partnership to change automotive engineering. TMG is recognized as a global leader in motorsport, providing services to external clients as well as members of the Toyota family from its high-performance testing and development facility located in Cologne, Germany. 3D Systems pioneered the 3D printing industry and is renowned for its unparalleled additive manufacturing solutions designed to accelerate manufacturers' production workflows. Through this partnership, the companies intend to develop first-to-market manufacturing solutions - including 3D printers, materials and software – to change automotive design and production.
"In motorsport, we know that being first is what counts and we bring this same attitude to our entire business," said Andreas Schambach, project general manager future production technology, TOYOTA Motorsport GmbH. "We are on the cutting-edge of motorsport and want to partner with companies that are leading the way so TOYOTA can maintain its advantage. TMG has chosen 3D Systems for this partnership because they share our pioneering spirit – exhibited by the fact that they introduced the world to 3D printing. We see the unparalleled potential of combining 3D Systems' expertise and know-how with that of TMG to create technologies and define new additive manufacturing innovations in the automotive industry."
Through this collaboration, TMG and 3D Systems will demonstrate how their first-to-market additive manufacturing solutions drive success in motorsport – recognized as one of the most demanding and competitive industries in the world.
"TMG's facility will become a showcase for world-class advanced digital manufacturing," said Schambach. "Our team of experts will complement that of 3D Systems', to develop advanced laser sintering technologies, and a portfolio of materials with improved properties to meet the rigorous demands of motorsport. We intend to use these new technologies to more quickly and efficiently create light-weight, high quality production parts for our motorsport projects, leading to competitive advantage."
As part of this partnership, TMG named 3D Systems "Additive Manufacturing Machine Provider of Choice." 3D Systems is the only company in the industry to provide complete solutions that include 3D printers, materials, and software. The company also has demonstrated its deep experience and expertise in the automotive industry where its solutions are deployed globally for track cars and road cars. TMG plans to incorporate 3D Systems' Figure 4® Standalone, ProX® 800, sPro® 60, sPro 230, and Geomagic® Design X software into its manufacturing workflow.
"I'm inspired by the potential of our collaboration with TOYOTA Motorsport," said Herbert Koeck, EVP, global go to market, 3D Systems. "TMG is a known leader in their industry as 3D Systems is in ours. Bringing together our collective expertise, curiosity, and desire to bring solutions to new applications challenges will yield first-to-market technologies that have the power to redefine an industry. I look forward to the innovation we'll bring to fruition over the course of this partnership."
TMG and 3D Systems will first appear together at the FIA World Endurance Championship, August 30-September 1 at Silverstone (UK). 3D Systems' logo will be on the two TOYOTA GAZOO Racing cars - #7 driven by Mike Conway, Kamui Kobayashi and José María López and #8 driven by Sébastien Buemi, Kazuki Nakajima and Brendon Hartley. Buemi and Nakajima won the drivers' World Endurance Championship last season, as well as the 2018 and 2019 24 Hours of Le Mans.
Certain statements made in this release by or in reference to 3D Systems 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 3D Systems' periodic filings with the U.S. 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
More than 30 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading AM solutions company, it empowers manufacturers to create products and business models never before possible through transformed workflows. This is achieved with the Company's best-of-breed digital manufacturing ecosystem - comprised of plastic and metal 3D printers, print materials, on-demand manufacturing services and a portfolio of end-to-end manufacturing software. Each solution is powered by the expertise of the company's application engineers who collaborate with customers to transform manufacturing environments. 3D Systems' solutions address a variety of advanced applications for prototyping through production in markets such as aerospace, automotive, medical, dental and consumer goods. More information on the company is available at www.3dsystems.com.
About TOYOTA Motorsport GmbH (TMG)
TOYOTA Motorsport GmbH (TMG) has been based in Cologne, Germany since 1979 and built its reputation in motorsport, beginning with two decades of FIA World Rally Championship success. TMG's facilities and capabilities expanded significantly during its time in Formula 1 (2002-2009). Since the end of that era, TMG has combined works motorsport participation in the FIA World Endurance Championship with research and development support for TOYOTA Motor Corporation and a thriving business as a supplier of high-performance services to the automotive and motorsport sectors. Additionally, TMG has built a growing customer motorsport business covering activities in rally and circuit racing, with all activities inspired by TMG's vision of Creating Excitement Through Team Spirit and Advanced Technology. www.racingbytmg.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/toyota-motorsport-gmbh-and-3d-systems-join-forces-to-drive-innovation-for-automotive-industry-300908946.html
SOURCE 3D Systems