Stratasys Reveals Development of New Metal Additive Manufacturing Platform for Short-Run Manufacturing Applications
Internally-developed platform brings values of additive manufacturing to short-run production while overcoming limitations of cost and throughput
MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)-- Stratasys Ltd. (NASDAQ: SSYS), a global leader in applied additive technology solutions, announced today the development of a new metal additive manufacturing platform, designed to become a viable manufacturing technology to displace conventional methods for short-run manufacturing.
For nearly 30 years Stratasys has pioneered the development and adoption of 3D printing and additive manufacturing technologies, including the precise, repeatable, and reliable FDM and PolyJet 3D printing platforms.
The Company's new technology platform is being developed to directly address the needs of customers whose requirements include the production of pilot-series parts, small batch manufacturing during product ramp up and end-of-life, and customized, lightweight, and complex parts.
The global market for metal additive manufacturing is projected to grow to $12 billion by 2028, according to industry estimates.
The innovative Stratasys platform has been developed internally over the past several years, incorporating the Company's proprietary jetting technology. The platform was designed from inception to provide the values of additive manufacturing for short-run production, while overcoming material limitations of currently available metal-based additive manufacturing systems. With this new technology, Stratasys believes it will offer customers a new ability to short-run manufacture metal parts made with commonly used powder metallurgy, starting with aluminum, at an economically competitive cost-per-part and throughput, with easy to implement post-processing and high part quality.
"We are extremely excited to announce our development of this new additive manufacturing platform, targeting short-run production applications for a variety of industries, including automotive, aerospace, defense, machining, and metal foundries," said Ilan Levin, Chief Executive Officer of Stratasys. "We believe that this platform will meaningfully expand our addressable markets for the long term and provide our customers with an effective means to realize the values of additive manufacturing for powder metallurgy applications."
The Company will unveil further details about this new technology at the RAPID + TCT 3D Printing and Additive Manufacturing Conference, Booth#1104, taking place from April 23-26 in Fort Worth, Texas.
Stratasys (NASDAQ: SSYS) is a global leader in applied additive technology solutions for industries including Aerospace, Automotive, Healthcare, Consumer Products and Education. For nearly 30 years, a deep and ongoing focus on customers' business requirements has fueled purposeful innovations—1,200 granted and pending additive technology patents to date—that create new value across product lifecycle processes, from design prototypes to manufacturing tools and final production parts. The Stratasys 3D printing ecosystem of solutions and expertise—advanced materials; software with voxel level control; precise, repeatable and reliable FDM and PolyJet 3D printers; application-based expert services; on-demand parts and industry-defining partnerships—works to ensure seamless integration into each customer's evolving workflow. Fulfilling the real-world potential of additive, Stratasys delivers breakthrough industry-specific applications that accelerate business processes, optimize value chains and drive business performance improvements for thousands of future-ready leaders around the world.
Corporate Headquarters: Minneapolis, Minnesota and Rehovot, Israel.
Online at: www.stratasys.com, http://blog.stratasys.com and LinkedIn.
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