3D Systems Announces Expansion Plans to Address Rising Demand for New Healthcare and Industrial Applications
May 04 2021 - 08:30AM
3D Systems (NYSE:DDD) today announced it will increase its presence
in Denver, Colorado to support its fast-growing healthcare
solutions business, and expand industrial application development
capabilities for its Application Innovation Group (AIG). This
activity is a continuation of the investment phase of the company’s
plan to focus on its strategic purpose as the leaders in enabling
additive manufacturing solutions for applications in growing
markets that demand high-reliability products.
Patient-specific Solutions Transform How Healthcare is
DeliveredFor more than a decade, 3D Systems has delivered
a portfolio of industry-leading healthcare solutions, including
patient-specific surgical instruments and implants manufactured at
its FDA-registered and ISO 13485-certified location in Denver. The
company has supported customers of all sizes, ranging from
industry leaders to innovative startups, in developing a diverse
portfolio of groundbreaking precision healthcare applications and
new medical technology. 3D Systems has manufactured more than two
million medical device implants, collaborated with surgeons to plan
and guide more than 140,000 patient-specific procedures, and
supported 100+ CE-marked and FDA-cleared products. Through this
next phase of investment, the company will be able to accelerate
time-to-market, expand its offerings, and better support the needs
of its rapidly growing customer base. This positions 3D Systems to
continue its strong growth trajectory for patient-specific
craniomaxillofacial applications through expanded production
capacity and ongoing product innovations. It will also enable the
company to aggressively increase its participation in the larger
patient-specific orthopedics market through the development and
deployment of new joint replacement solutions.
Accelerating Innovation for Industrial
ApplicationsThe services provided by 3D Systems’
Application Innovation Group are critical to accelerating the
journey from proof-of-concept for new customer applications to
full-scale workflow definition and initial production. This team
employs their experience and expertise to understand the customer’s
need and jointly innovate potential application solutions that are
subsequently developed into full manufacturing workflows. From
there, the AIG experts validate - and where necessary - support
obtaining certification and regulatory approvals which are critical
to accelerating time to product launch in highly regulated markets.
With this complete, the parts are then ready for production either
at a 3D Systems manufacturing facility or the customer’s site.
Additionally, through this infrastructure investment, the company
will add expertise and the most advanced polymer and metal additive
manufacturing technologies to address new, more complex industrial
applications such as those for aerospace.
“The combination of maturing industrial-scale metal and polymer
printing technology and advanced material solutions, with a
customer base that increasingly seeks the performance, flexibility
and cost benefits of large-scale additive manufacturing, is driving
significantly increased demand for our products and services,” said
Dr. Jeffrey Graves, president and CEO, 3D Systems. “Our Application
Innovation Group has demonstrated tremendous benefits for enabling
the adoption of complex applications for customers across our
healthcare and industrial businesses. We pursue a consultative
approach with our customers that starts with understanding their
unique application performance and cost needs and develop a custom
solution to address that need. It’s about bringing to life a
customer’s understanding of what is possible with additive
manufacturing, then producing the parts, scaling the initial
production volumes, demonstrating the economics, and ultimately
enabling them to continue high-volume production in the future.
From joint application development to qualifying and validating
parts and processes, manufacturing, and then installing a complete
solution at the customer site – we partner with customers to solve
their most difficult design and production challenges and empower
them to maintain that momentum. This is the heart of our growth
engine for the future.”
This expansion will increase 3D Systems’ Denver, Colorado
footprint by over 50% and the company anticipates it will be
completed in the second quarter of 2022. In addition to providing
critical working and collaboration space for the growing teams, the
expansion will enable the addition of multiple 3D printers –
including forthcoming products - and large scale post-processing
equipment that will automate key aspects of the production workflow
for parts as large as those of the DMP Factory 500 (i.e., 500mm3).
This will enable the company to both develop and demonstrate the
technical and economic viability of a greater range of additive
solutions for both healthcare and industrial market segments. For
additional information on 3D Systems’ solutions, please visit the
company’s website.
Forward-Looking StatementsCertain 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 of 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 additive manufacturing solutions
partner, we bring innovation, performance, and reliability to every
interaction - empowering our customers to create products and
business models never before possible. Thanks to our unique
offering of hardware, software, materials, and services, each
application-specific solution is powered by the expertise of our
application engineers who collaborate with customers to transform
how they deliver their products and services. 3D Systems’ solutions
address a variety of advanced applications in healthcare and
industrial markets such as medical and dental, aerospace &
defense, automotive, and durable goods. More information on the
company is available at www.3dsystems.com.
Investor Contact:
investor.relations@3dsystems.comMedia
Contact: press@3dsystems.com
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