Addition of RPS’ Neo line of industrial
stereolithography systems gives Stratasys a full suite of polymer
3D printing solutions across the product life cycle
Stratasys Ltd. (NASDAQ: SSYS), a leader in polymer 3D printing
solutions, today announced it has acquired UK-based RP Support Ltd.
(RPS), a provider of industrial stereolithography 3D printers and
solutions. RPS’ complementary technology further expands Stratasys’
polymer suite of solutions across the product life cycle, from
concept modeling to manufacturing. Stratasys will leverage its
industry-leading go-to-market infrastructure to offer RPS’ Neo®
line of systems to the global market with an expanded set of
applications. Stratasys expects the acquisition to be slightly
accretive to revenue and non-GAAP per-share earnings by the end of
2021.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210218005493/en/
Neo 3D printers from RPS can produce
large parts in a small footprint using a wide range of materials
providing properties such as chemical resistance, heat tolerance,
flexibility, durability, and optical clarity. (Photo: Business
Wire)
RPS’ Neo line of 3D printers feature dynamic laser beam
technology that enables build accuracy, feature detail, and low
variability across the full extent of a large build platform. As an
open resin system, the Neo products provide customers materials
with a wide range of properties such as chemical resistance, heat
tolerance, flexibility, durability, and optical clarity. Its
products can produce large parts up to 800 x 800 x 600 mm,
providing a significant build area in a small footprint.
In addition, all Neo systems are Industry 4.0-ready, with
Titanium™ control software that includes a camera, network
connectivity, support remote diagnostics, and mid-build parameter
customization. The printers can automatically email progress
reports on jobs. Stratasys plans to integrate its GrabCAD Print
workflow software into future versions of the product.
“As businesses accelerate their adoption of additive
manufacturing, our goal is providing our global customers with the
world’s best and most complete polymer 3D printing portfolio,” said
Stratasys CEO Yoav Zeif. “We believe the Neo products are superior
relative to other solutions currently available in the market due
to an open choice in resins, low service requirements, and reliable
and accurate builds with simple day-to-day operation. With access
to our strong global channels and our innovative GrabCAD software,
we will bring RPS’ innovative products to many more manufacturing
organizations.”
“We developed the Neo line to raise the industry standard for
the next generation of large-frame industrial stereolithography 3D
printers,” said RPS Director David Storey. “I’m looking forward to
continuing to develop this best-in-class technology with the
Stratasys team as we bring our products to a broadened global
audience.”
Williams Racing, a British Formula 1 racing team, recently
acquired multiple Neo 800 3D printers. “The team’s RPS Neo 800
machines ran unmanned over the Christmas break, delivering a huge
volume of high-quality parts to our aero test program, a truly
astounding achievement,” said Williams Racing Operations Director
James Colgate. “I wanted to let you know how impressed we have been
with our new Neo 3D printers.”
Industrial stereolithography systems are well-established in the
3D printing industry for applications such as tooling, investment
casting patterns, anatomical modeling, orthodontic clear aligner
molds and large design parts. They provide quality surface finish,
large build sizes, a fast time to print, and an affordable cost per
part. The global addressable sector for industrial
stereolithography systems is estimated at approximately $150
million and is expected to continue growing at a rate of
approximately 10% per year.1
Stratasys is leading the global shift to additive
manufacturing with innovative 3D printing solutions for industries
such as aerospace, automotive, consumer products and healthcare.
Through smart and connected 3D printers, polymer materials, a
software ecosystem, and parts on demand, Stratasys solutions
deliver competitive advantages at every stage in the product value
chain. The world’s leading organizations turn to Stratasys to
transform product design, bring agility to manufacturing and supply
chains, and improve patient care.
1 Estimated market size and annual growth rate based on company
and third-party analyst estimates.
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 is a registered trademark of Stratasys Ltd. and/or its
affiliates. Neo is a trademark of RPS Ltd. 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.
Cautionary Statement Regarding Forward-Looking
Statements
The information contained in this press release may include
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, and Section 21E of the Securities Exchange
Act of 1934. Forward-looking statements are often characterized by
the use of forward-looking terminology such as “may,” “will,”
“expect,” “anticipate,” “estimate,” “continue,” “believe,”
“should,” “intend,” “project” or other similar words, but may be
identified in other ways as well. These forward-looking statements
may include, but are not limited to, statements relating to the
anticipated completion of the acquisition of RPS by Stratasys,
Stratasys’ objectives, plans and strategies with respect to RPS
following its acquisition, statements that contain projections of
results of operations or of financial condition with respect to RPS
and Stratasys after the acquisition, and all statements (other than
statements of historical fact) that address activities, events or
developments that Stratasys intends, expects, projects, believes or
anticipates will or may occur in the future. Forward-looking
statements are not guarantees of future performance and are subject
to risks and uncertainties. Stratasys has based these
forward-looking statements on assumptions and assessments made by
its management and, in certain cases, by RPS’ management in light
of their experience and their perception of historical trends,
current conditions, expected future developments and other factors
they believe to be appropriate. Important factors that could cause
actual results, developments and business decisions to differ
materially from those anticipated in these forward-looking
statements include, among other things: any potential obstacles to
closing the acquisition of RPS; the degree of success of Stratasys
in efficiently and successfully integrating the operations of RPS
into Stratasys after the acquisition; the general economic
environment and the economic environment for 3D printing and
Stratasys’ customers in particular; the impact of competition and
new technologies; general market, political and economic conditions
in the countries in which Stratasys operates, particularly in
respect of the ongoing COVID-19 pandemic; government regulations
and approvals; changes in customers’ budgeting priorities;
litigation and regulatory proceedings; and those factors referred
to under “Risk Factors”, “Information on the Company”, “Operating
and Financial Review and Prospects”, and generally in Stratasys’
annual report on Form 20-F for the year ended December 31, 2019
filed with the U.S. Securities and Exchange Commission, or SEC, on
February 26, 2020, and in other reports that Stratasys furnishes to
or files with the SEC from time to time, including, most recently,
the report of foreign private issuer on Form 6-K reporting
Stratasys’ results for the quarter and nine months ended September
30, 2020, furnished to the SEC on November 12, 2020. Readers are
urged to carefully review and consider the various disclosures made
in Stratasys’ SEC reports, which are designed to advise interested
parties of the risks and factors that may affect its business,
financial condition, results of operations and prospects. Any
forward-looking statements in this press release are made as of the
date hereof, and Stratasys undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210218005493/en/
Stratasys PR Corporate & North America
aaron.pearson@stratasys.com +1 612-716-9228 Investor
Relations Yonah Lloyd yonah.lloyd@stratasys.com +972-54-4382464
PR Europe, Middle East, and Africa Jonathan Wake /
Miguel Afonso, Incus Media stratasys@incus-media.com +44 1737
215200 PR Asia Pacific and Japan Alice Chiu
alice.chiu@stratasys.com +852 9189 7273 PR Brazil,
Central America and South America erica.massini@stratasys.com
+55 (11) 2626-9229
Stratasys (NASDAQ:SSYS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Stratasys (NASDAQ:SSYS)
Historical Stock Chart
From Apr 2023 to Apr 2024