3D Systems outlines additive manufacturing strategy, aims for turnaround

Larry Dignan for ZDNet:  3D Systems outlined plans to better target industry-specific additive manufacturing through new materials, systems, software and services.

The company's focus on additive manufacturing comes a week after 3D Systems missed its earnings target and pulled it outlook. Vyomesh Joshi, CEO of 3D Systems and former HP executive, said the company is focused on customized innovation and a go-to-market strategy that goes "vertical to vertical, bridging the chasm between traditional and additive manufacturing."

For 3D Systems, the challenge will be competing with the likes of Stratasys, which also has a vertical focus and HP. The company said it landed a 3-year contract from BMW for on-demand manufacturing and Sanmina, a contract equipment manufacturer.The company reported third quarter revenue of $153 million, below estimates of $163 million. Earnings for the quarter also missed estimates with an adjusted loss of 20 cents a share. 3D Systems said it is reorganizing its sales team and swapping leadership abroad and added that it would write-down inventory.  Full Article:

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

MarkLogic - How to Win the New Industrial Revolution

MarkLogic - How to Win the New Industrial Revolution

Use Data to Deliver Efficiency, Reduce Risk, and Create Better Products. Disruptive technologies and market changes are transforming the manufacturing industry, requiring a new focus on optimizing use of data and information. It all adds up to a new industrial revolution called Industry 4.0. Organizations who want to realize the potential of this revolution need to "Industrialize their data," making it a core asset to deliver better products and customer service, navigate complex business environments, and transform for the future. MarkLogic customers are delivering on this vision for data with a proven architectural pattern called the Operational Data Hub that simplifies the integration of data along the digital thread to power operational and analytic use cases across the enterprise.