Stratasys Ltd. (NASDAQ: SSYS), a global leader in applied additive technology solutions, announced today the development of a new metal additive manufacturing process, designed to become a viable manufacturing technology to displace conventional methods for short-run manufacturing.
Additive manufacturing is transforming production by offering geometric freedom of manufacture, simplified supply chains and superior economics through the elimination of costly tooling. Stratasys has led this transformation by advancing future ready leaders and their industries through complete 3D printing expertise and solutions, and is now seeking to further disrupt conventional manufacturing with a new advanced additive platform to meet the challenges of short run metal production applications.
For 30 years Stratasys has been pioneering 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.