Stratasys, one of the largest 3D printing companies in the world announced that it is developing a new metal additive manufacturing platform to offer a viable manufacturing technology and displace conventional methods for short-run manufacturing. This innovative platform, which the company has been developing internally over the past several years, will incorporate the company’s proprietary jetting technology.
The whole idea behind developing this new metal additive manufacturing technology platform is to offer values of additive manufacturing for short-run production and to address the needs of those customers who require pilot-series parts, small batch manufacturing during product ramp up and end-of-life, and customised, lightweight and complex parts. The new platform is also believed to help such companies overcome the material limitations of existing metal-based additive manufacturing systems.
Offering more details about the new platform targeted exclusively at short-run production applications for a variety of industries, Ilan Levan, Chief Executive Officer of Stratasys said in an official statement, “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.”
“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,” Levan added.
Through its new metal additive manufacturing platform, Stratasys also believes that it will offer customers a whole new ability to short-run manufacture metal parts made with commonly used materials such as metallurgy, aluminum, at low cost-per-part and throughput as well as with easy to implement post-processing and high part quality.
The company’s move will also allow it to gain a major pie of the global market of metal additive manufacturing industry, which according to some estimates is expected to grow to $12 billion by the year 2028.
Stratasys also announced its fourth quarter results which revealed that the company increased its revenue 2% to $179.3 million compared to the same period last year. Much of this growth has been attributed to the positive market reaction that the company received for its new product introductions such as its F123 Series, which the company launched in February last year and the H2000 and J700 Dental Solutions.