3D Systems & Stewart-Haas Racing Accelerate Innovation with Multi-year Partnership
January 25 2023 - 8:30AM
3D Systems (NYSE:DDD) and Stewart-Haas Racing, today announced they
have entered a technical partnership built for victory. The
championship-winning NASCAR team has relied on 3D Systems’ ProX®
800 stereolithography and Figure 4® Standalone 3D printers to
dramatically improve speed and performance in its racecars. With
the help of 3D Systems and this three-year technical partnership,
Stewart-Haas Racing can rapidly create durable parts, including
design and prototyping with faster iteration, and
production. This approach will enable the team to win not only
on race days, but win the innovation race.
For a NASCAR team, perfecting automotive components designed to
increase speed and performance is a vital ingredient for success.
Stewart-Haas Racing uses the ProX 800 to rapidly design and produce
large aerodynamic components with a smooth surface finish and
precise dimensional accuracy for wind tunnel testing. Stewart-Haas
Racing relies on 3D Systems’ Figure 4 Standalone for the direct
production of TV camera, pit gun, and pit cart components along
with other prototype parts. Oqton’s Geomagic Wrap® 3D scanning
and imaging software is integral to their manufacturing workflow to
collect scan data from the car components, process it, and create
digital design files for shape deviation
comparison. Additionally, 3D Systems’ 3D
Sprint® software is used to prepare and
optimize the CAD data and manage the additive manufacturing process
on both 3D printers.
“At Stewart-Haas Racing, it is important that we have a
technical partner like 3D Systems to provide the tools we need to
develop components that ultimately increase the speed of our
racecars,” said Reneau Van Landingham, production manager,
Stewart-Haas Racing. “The Pro X 800 and the Figure 4 printers
enable us to print very large and very small, accurate,
smooth-surface finish parts as quickly as possible. The speed in
which we can design the component, print it, and test it in the
wind tunnel is our most valuable resource to making our cars faster
at the racetrack. The materials that are available for these
machines enable us to print a range of prototype parts and track
capable parts for our cars. I am confident that this technical
partnership between 3D Systems and Stewart-Haas Racing will enable
both companies to win in the additive manufacturing space and on
the racetrack.”
“As part of our work within motorsports, 3D Systems understands
how critical speed is — not just on the track, but
in technical development to improve car performance,”
said Reji Puthenveetil, executive vice president, industrial
solutions, 3D Systems. “By partnering with Stewart-Haas Racing, we
are able to combine their capabilities with the benefit of 3D
Systems’ advanced materials and printing technology to develop
competitive advantages for them — on and off the track."
Stewart-Haas Racing and 3D Systems will first appear together in
the season-opening NASCAR Xfinity Series race February 18 at
Daytona (Florida) International Speedway with the 3D Systems logo
on the No. 00 Ford Mustang driven by Cole Custer.
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 revise any forward-looking
statements made by management or on its behalf, whether as a result
of future developments, subsequent events or circumstances or
otherwise, except as required by law.
About 3D Systems More than 35 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.
About Stewart-Haas RacingStewart-Haas Racing is
the title-winning NASCAR team co-owned by three-time NASCAR Cup
Series champion Tony Stewart and Gene Haas, founder of Haas
Automation – the largest CNC machine tool builder in North America.
The Kannapolis, North Carolina-based organization has won two
NASCAR Cup Series titles, one NASCAR Xfinity Series championship
and more than 90 NASCAR races, including such crown-jewel events as
the Daytona 500, Brickyard 400 and Southern 500. For more
information, please visit us online
at StewartHaasRacing.com and on social
at Facebook, Twitter, Instagram, TikTok, YouTube and LinkedIn.
Investor
Contact: investor.relations@3dsystems.com |
Media Contact:
mike.arning@truespeedcommunication.com |
Media Contact: press@3dsystems.com |
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A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/63eac7f0-fd1b-499a-8093-f672cb1fde83
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