Combination creates one of the largest 3D printing and custom manufacturing service organizations in North America
MINNEAPOLIS & REHOVOT, Israel — (BUSINESS WIRE) — February 19, 2015 — Stratasys, Ltd. (Nasdaq: SSYS), a global leader of 3D printing and additive manufacturing solutions, announced it has combined Solid Concepts, Harvest Technologies and RedEye to form Stratasys Direct Manufacturing.
Stratasys Direct Manufacturing employees prepare 3D printed patterns for casting (Photo: Business Wire)
Stratasys believes this move better positions the company to meet growing customer needs for additive manufacturing (or 3D printing) services as a production method. Now one of the largest advanced manufacturing service organizations, Stratasys Direct Manufacturing creates custom solutions from a comprehensive portfolio of technologies and materials to produce parts for applications ranging from models and prototypes to end-use components and assemblies.
“Organizations need partners who can keep up with the rapidly changing manufacturing landscape and provide not only a range of services, but expertise and innovation to stay ahead of the competition,” said Joe Allison, CEO of Stratasys Direct Manufacturing. “Our company brings together the latest technologies and materials, years of experience and the highest quality standards to meet the part production needs of customers across industries from aerospace and medical to consumer products and entertainment.”
With eight advanced manufacturing facilities located throughout the United States, Stratasys Direct Manufacturing offers a complete range of additive manufacturing technologies, along with conventional manufacturing services, including:
- Direct Metal Laser Sintering (DMLS®)
- Fused Deposition Modeling™ (FDM®)
- Laser Sintering (LS)
- Stereolithography (SL)
- Urethane Casting
- CNC Machining
The depth and breadth of technology, coupled with the company’s engineering expertise, allows designers and engineers to realize the full benefits of comprehensive advanced manufacturing solutions, developing quality products more efficiently at one shop.
Stratasys Direct Inc. is an indirect subsidiary of Stratasys Ltd., a leading global provider of 3D printing and additive manufacturing solutions. Stratasys Direct Manufacturing is one of the world’s largest providers of advanced manufacturing services that combines the latest technologies and decades of experience from three industry-leading pioneers—Solid Concepts, Harvest Technologies and RedEye. With a broad range of additive and conventional manufacturing services, Stratasys Direct Manufacturing assists companies at all stages of product development to bring better products to the market faster. Stratasys Direct Manufacturing has more than 600 employees across eight manufacturing facilities in the United States. Online at: www.stratasysdirect.com.
Stratasys Ltd. (Nasdaq: SSYS), headquartered in Minneapolis, Minnesota and Rehovot, Israel, is a leading global provider of 3D printing and additive manufacturing solutions. The company's patented FDM®, PolyJet™, and WDM™ 3D Printing technologies produce prototypes and manufactured goods directly from 3D CAD files or other 3D content. Systems include 3D printers for idea development, prototyping and direct digital manufacturing. Stratasys subsidiaries include MakerBot and Solidscape, and the company operates the digital parts manufacturing service, Stratasys Direct Manufacturing. Stratasys has more than 2,800 employees, holds over 600 granted or pending additive manufacturing patents globally, and has received more than 25 awards for its technology and leadership. Online at: www.stratasys.com or http://blog.stratasys.com.
Note Regarding Forward-Looking Statements
The statements in this press release relating to Stratasys’ expectations of the benefits that it and its customers will receive from it establishment of Stratasys Direct Manufacturing and its offering, 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 risk that customers will not perceive the benefits provided by Stratasys Direct Manufacturing’s offering to be as Stratasys believes them to be; and other risk factors more fully explained 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 3, 2014. Stratasys is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by the rules and regulations of the SEC.
DMLS is a registered trademark of EOS GmbH. FDM is a registered trademark of Stratasys Inc., PolyJet is a trademark of Stratasys Ltd.