Since forming a technical partnership agreement
in 2017, Team Penske has expanded its use of FDM and PolyJet
Technologies for prototyping, tooling, fixturing, and end-use parts
in cars and pit equipment
In Team Penske’s 53-year history, over 500 victories have proven
that speed doesn’t just matter when the green flag drops. It’s
equally precious in the days leading up to every race. So today,
Stratasys Ltd. (NASDAQ: SSYS) announced a new multi-year technical
partnership agreement with Team Penske to continue to bring the
time-saving benefits of 3D printing to all Team Penske NASCAR,
INDYCAR and IMSA SportsCar teams.
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Team Penske's expansive facility in
Mooresville, N.C., home to several production-grade Stratasys 3D
printers. (Photo: Business Wire)
“Stratasys has consistently contributed to our ability to reach
new solutions for improving our race performance ahead of the
competition,” said Team Penske President Tim Cindric. “Our 3D
printing strategy has always been to produce high-quality parts for
our racing operations in the shortest amount of time, and the
ever-evolving additive technology from Stratasys gives us
confidence in our approach.”
Team Penske and Stratasys have worked together through five
championships and more than 70 race wins since their relationship
started in 2017. In that time, Team Penske has gone from two
Stratasys 3D printers to four. The company now has three
sophisticated FDM® 3D printers supporting advanced materials – a
Stratasys F900, Fortus 450mc, and Stratasys F370 – primarily for
tooling, fixtures, and end-use parts for cars. The team also has
one PolyJet Technology™-based J750 3D Printer for prototyping. All
are installed at the Team Penske facility outside of Charlotte,
N.C. Stratasys also supports the organization with advisory and
technical support services aided by cloud-based GrabCAD Print
software.
“All of our Performance Partners represent the highest levels of
development in their industry, from auto racing to aerospace to
America’s Cup yacht racing, and Team Penske is truly elite,” said
Stratasys Americas President Rich Garrity. “You win trophies with
an every-day commitment to excellence, and we’re here every day for
Team Penske to help them rack up another 500 wins.”
Race teams have developed a clear understanding of how vital
data is, and they have been gathering as much of it as possible as
often as possible, for some time. But being able to apply that data
to improving vehicle performance has been a bigger challenge.
Matt Gimbel, Team Penske’s production manager, said Stratasys
additive technologies have made a big difference. “The Stratasys
partnership has allowed us to not only increase our output, but
also produce parts in new materials that are immediately installed
on race cars,” he said. “As a result, we have more design freedom
and manufacturing speed to iterate faster to reach the optimum
design. Ultimately we get better parts to the racetrack
faster.”
The efficiencies gained from FDM 3D printing are clear for Team
Penske, from fast turnaround time for parts to having developmental
bandwidth at the ready. For example, previous options to produce
composite layup tooling were limited to the team’s CNC machining
technology. Now, Team Penske is largely using FDM 3D printers. An
idea on Tuesday can be in the car on Wednesday and ready for the
weekend race. Race teams also are increasingly using 3D printed
parts in the cars themselves, particularly using Nylon12 Carbon
Fiber. Common 3D-printed in-vehicle parts include brackets, mounts,
and applications of new designs such as the side mirrors of NASCAR
cars. Performance gains are not only achieved on the racetrack;
Team Penske also uses 3D printed parts for pit crew equipment.
With 37 national championships, including 16 in INDYCAR SERIES
competition, Team Penske has often been referred to as the New York
Yankees of motorsports. Last year, the team produced single-season
records of 40 victories and 45 pole positions to go along with
three championships across its five series of competition around
the globe.
Stratasys is a global leader in additive manufacturing or
3D printing technology and is the manufacturer of FDM®, PolyJet
Technology™, and stereolithography 3D printers. The company’s
technologies are used to create prototypes, manufacturing tools,
and production parts for industries including aerospace,
automotive, healthcare, consumer products and education. For more
than 30 years, Stratasys products have helped manufacturers reduce
product-development time, cost, and time-to-market, as well as
reduce or eliminate tooling costs and improve product quality. The
Stratasys 3D printing ecosystem of solutions and expertise includes
3D printers, materials, software, expert services, and on-demand
parts production.
To learn more about Stratasys, visit www.stratasys.com, the
Stratasys blog, Twitter, LinkedIn, or Facebook. Stratasys reserves
the right to utilize any of the foregoing social media platforms,
including the company’s websites, to share material, non-public
information pursuant to the SEC’s Regulation FD. To the extent
necessary and mandated by applicable law, Stratasys will also
include such information in its public disclosure filings.
Stratasys, FDM, PolyJet Technology, and Fortus 450mc are
trademarks of Stratasys Ltd. and/or its affiliates. All other
trademarks are the property of their respective owners, and
Stratasys assumes no responsibility with regard to the selection,
performance, or use of these non-Stratasys products.
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Stratasys Corporate & North America
aaron.pearson@stratasys.com +1 612-716-9228
Investor Relations Yonah Lloyd yonah.lloyd@stratasys.com
+972-54-4382464
Europe, Middle East, and Africa Jonathan Wake / Miguel
Afonso, Incus Media stratasys@incus-media.com +44 1737 215200
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alice.chiu@stratasys.com +852 9189 7273
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Erica.massini@stratasys.com +55 (11) 2626-9229
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