3D printing of end-use parts seeing new
achievements in speed, versatility, and cost-effectiveness compared
to traditional manufacturing
Three new 3D printers encompass FDM, P3, and
SAF technologies
Stratasys Ltd. (NASDAQ: SSYS), a leader in polymer 3D printing
solutions, today introduced three new 3D printers that together
address a large portion of the multibillion-dollar market
opportunity in additive manufacturing of end-use parts. The systems
collectively are aimed at accelerating the shift from traditional
to additive manufacturing for low-to-mid-volume production
applications underserved by traditional manufacturing methods.
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The Stratasys H350 3D printer is designed
for the production of thousands of parts as additive manufacturing
at higher volumes gains momentum in the industry. (Photo: Business
Wire)
“We are accelerating into the Additive Manufacturing 2.0 era, in
which we see global manufacturing leaders move beyond prototyping
to fully embrace the agility that 3D printing brings to the entire
manufacturing value chain,” said Stratasys CEO Dr. Yoav Zeif. “The
disruptions we are seeing today on both the supply and demand side
of global supply chains are a clear sign that the status quo isn’t
working. Additive manufacturing gives companies the total
flexibility to decide when, where, and how to produce parts. That’s
why we’re committed to being the complete provider of polymer 3D
printing solutions for our world-class customer base.”
Last year, Stratasys accrued more than 25% of its revenue from
manufacturing-related applications. Going forward, with a
comprehensive and integrated portfolio of 3D printing hardware,
software, materials and services solutions, Stratasys estimates
that its manufacturing revenue growth will outpace other segments,
growing at an annual rate of over 20% starting in 2022.
Stratasys Origin One Brings Production Scale 3D Printing for
Detailed and Intricate Parts
Illustrating Stratasys’ ability to quickly execute on
integrating its acquisition of Origin, Stratasys today introduced
the Stratasys Origin® One 3D printer, designed for end-use
manufacturing applications. The new 3D printer uses proprietary P3™
technology and a software-first architecture to produce parts at
volume in a wide range of open, certified third-party materials
with industry-leading accuracy, detail, finish, repeatability, and
time to part. That technology combined with hardware upgrades
enabled Stratasys to optimize virtually all aspects of the system
in the new version of the product to improve reliability and
performance. Cloud connectivity means customers will receive
additional feature improvements.
“We have been laser-focused on meeting stringent accuracy and
repeatability criteria for 3D-printed connectors that require
double-digit micron accuracy,” said Mark Savage, Global Center of
Excellence Leader for additive manufacturing at TE Connectivity
(NYSE: TEL), a world leader in connectors and sensors and long-time
customer of both Stratasys and Origin. “Stratasys and Origin have
been great partners in helping us achieve these targets and
demonstrating the possibilities of using additive manufacturing at
the scale of tens of thousands of parts. Today, we’re seeing the
hardware, the software, and the materials from Stratasys really
come together to begin making production scale a reality for us. We
believe this helps make TE Connectivity a more agile and
cost-effective partner for many of the world’s leading OEMs in
industries from automotive to aerospace to appliances as we work to
build a more connected future.”
Internal Stratasys estimates suggest a $3.7 billion market
opportunity by 2025 for the production-oriented segments suited to
the Origin One, including automotive, consumer goods, medical,
dental, and tooling applications. Stratasys plans to begin taking
orders for the printer, post-processing and related software
through its worldwide channel beginning in May.
SAF™ Technology Powers New H350 3D Printer for Production
Scale
Stratasys also introduced today the Stratasys H350™ 3D printer,
the first 3D printer in Stratasys’ new H Series™ Production
Platform. Powered by SAF™ technology, the new H350 printer delivers
production-level throughput for end-use parts. It’s designed to
give manufacturers production consistency, a competitive and
predictable cost per part, and complete control for the production
of thousands of parts. The H350 printer even includes about a dozen
different parts 3D-printed with SAF technology.
The H350 printer has been in beta testing since early 2021 with
service bureaus and contract manufacturers in Europe, Israel, and
the United States, including Stratasys Direct Manufacturing, which
is now selling parts on demand using the system. It is expected to
ship more broadly to customers in Q3 of this year. Applications
include end-use parts such as covers, connectors, hinges, cable
holders, electronics housings, and ducting.
“We have ambitious plans to grow our business and we believe
adding a Stratasys H350 can be a key component of that growth,”
said Philipp Goetz, owner of Goetz Maschinenbau, a Germany-based
service bureau. “We have fulfilled orders for both large parts as
well as up to several hundred smaller parts. We have been impressed
with the performance of the system and SAF technology, with
consistent parts throughout the build volume. The system has also
been remarkably reliable.”
Stratasys is using certified third-party materials for H Series
systems. The initial material is Stratasys High Yield PA11, which
is a bio-based plastic made from sustainable castor oil.
Making Easy Work of Big Parts with F770 FDM® 3D
printer
The third new system announced today, the Stratasys F770™ 3D
printer, builds on Stratasys’ reputation for reproducibility and
dependability via industrial-grade FDM technology. Ideal for big
parts, this newest FDM 3D printer features the longest fully heated
build chamber on the market and a generous build volume of over 13
cubic feet (372 liters).
The new system, priced under $100,000, is designed for
prototyping, jigs and fixtures, and tooling applications requiring
standard thermoplastics. Soluble support material simplifies post
processing, while GrabCAD Print™ software streamlines workflow and
enterprise connectivity is enabled through the MTConnect standard
and the GrabCAD SDK.
Sub-Zero Group Inc., based in Madison, Wisc., manufactures
luxury appliances, and has been a beta customer for the F770. Doug
Steindl, corporate development lab supervisor, said it helps keep
the printing of larger parts in-house, creating a cost savings of
30 to 40 percent. “It’s speed to market on everything,” he said.
“Our 3D printing lab is faced with new product builds every six
weeks. The faster we can turn things around, the better, and the
quickest way we can do that is to keep as much in-house as
possible. The F770 delivers on that need.”
A live event, with replay available, will be held on Wednesday,
April 28, to provide more information on all three 3D printers and
technologies.
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.
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, F770, GrabCAD Print, H Series, SAF, Origin,
Origin One, and P3 are trademarks or registered 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.
Note Regarding Forward-Looking Statement
The statements in this press release relating to Stratasys’
beliefs regarding the benefits consumers will experience from using
the Stratasys F770, the Stratasys H350, and the Stratasys Origin
One, the timing of shipping of the aforementioned products and
Stratasys estimations regarding the pace and rates of its
manufacturing revenue growth are forward-looking statements
reflecting management's current expectations and beliefs. These
forward-looking statements are based on current information that
is, by its nature, subject to rapid and even abrupt change. Due to
risks and uncertainties associated with Stratasys' business, actual
results could differ materially from those projected or implied by
these forward-looking statements. These risks and uncertainties
include, but are not limited to: the degree of our success at
introducing new or improved products and solutions that gain market
share; the degree of growth of the 3D printing market generally;
the duration of the global COVID-19 pandemic, which, if extensive,
may continue to impact, in a material adverse manner, our
operations, financial position and cash flows, and those of our
customers and suppliers; the impact of potential shifts in the
prices or margins of the products that we sell or services that we
provide, including due to a shift towards lower-margin products or
services; the impact of competition and new technologies; potential
further charges against earnings that we could be required to take
due to impairment of additional goodwill or other intangible
assets; to the extent of our success at successfully consummating
acquisitions or investments in new businesses, technologies,
products or services; potential changes in our management and board
of directors; global market, political and economic conditions, and
in the countries in which we operate in particular (including risks
related to the impact of coronavirus on our operations, supply
chain, liquidity, cash flow and customer orders; costs and
potential liability relating to litigation and regulatory
proceedings; risks related to infringement of our intellectual
property rights by others or infringement of others' intellectual
property rights by us; the extent of our success at maintaining our
liquidity and financing our operations and capital needs; the
impact of tax regulations on our results of operations and
financial condition; and other risk factors set forth under the
caption “Risk Factors” in Stratasys’ most recent Annual Report on
Form 20-F, filed with the Securities and Exchange Commission (SEC)
on March 1st, 2021. Readers are urged to carefully review and
consider the various disclosures made throughout our 2020 Annual
Report and our other reports filed with or furnished to the SEC,
which are designed to advise interested parties of the risks and
factors that may affect our business, financial condition, results
of operations and prospects. Any guidance provided, and other
forward-looking statements made, 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.
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Stratasys Corporate & North America
Heather Morris heather.morris@stratasys.com +1 612-206-2579
Investor Relations
Yonah Lloyd yonah.lloyd@stratasys.com +972-74-745-4919
Europe, Middle East, Africa
Jonathan Wake / Miguel Afonso, Incus Media
stratasys@incus-media.com +44 1737 215200
Asia Pacific and Japan
Alice Chiu alice.chiu@stratasys.com +852-9189-7273
Brazil, Central America and South America
erica.massini@stratasys.com +55 (11) 2626-9229
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