Stratasys Says Manufacturing Competitiveness Can Receive Boost from 3D Printing with Continued Indus
Stratasys Says Manufacturing Competitiveness Can Receive Boost from 3D Printing with Continued Industry Collaboration
Manufacturers and Industry Groups Today Celebrate National Manufacturing Day Through Events Showcasing U.S. Manufacturing Capabilities
MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)-- Manufacturing using 3D printing technologies holds significant promise in strengthening U.S. manufacturing competitiveness by transforming how many products are made and increasing supply chain efficiencies, according to Stratasys (NAS: SSYS) , a manufacturer of 3D printers and materials for personal use, prototyping and production.
Attendees view a demonstration of Stratasys 3D printers at NAM board meeting in Washington D.C. (Photo: Business Wire)
However, Stratasys also noted that industry, government, and academia need to continue collaboration across key areas to help realize the potential economic impact from accelerated use of additive manufacturing. These include efforts to educate industry on the viability of existing and developmental 3D printing technologies, and strengthen STEM education to prepare the workforce of tomorrow.
Stratasys provided a demonstration of 3D printing technology at the National Association of Manufacturers (NAM) annual board meeting in Washington D.C. on Wednesday, Oct. 2. And both Stratasys and NAM agree that current economic conditions may enable additive manufacturing to scale up and drive significant economic impact.
"Additive manufacturing or 3D printing can fundamentally change many aspects of the manufacturing process," says Stratasys CEO David Reis. "It brings new agility and efficiency and can help manufacturers keep production at home. It is imperative that 3D printing technology providers, manufacturers, universities and government work together to help fulfill the promise of this impressive and impactful technology and strengthen our economy and manufacturing. Stratasys is actively working to that end."
The theme of US manufacturing competitiveness and innovation was echoed around the country today as hundreds of manufacturers and industry groups recognized National Manufacturing Day by hosting events to showcase U.S. manufacturing capabilities and the future of the 3D printing industry.
"Additive manufacturing technology is becoming more and more accessible, and poised to usher in an era of new opportunity for manufacturers in the U.S.," says Jay Timmons, president and CEO of the National Association of Manufacturers. "Manufacturing is at the center of our national conversation, and it is innovation and technological advancement that will keep it there."
According to Lux Research in its recent report "Building the Future: Assessing 3D Printing's Opportunities and Challenges," 3D printed parts will be an $8.4 billion global market in 2025 led by the automotive, medical, and aerospace industries. Stratasys believes that greater industry awareness of 3D printers' capabilities, advancements in materials, and increasing affordability will play a significant role in driving this growth.
"Many talk about additive manufacturing as a 'disruptive' technology, but these are the same production materials that many engineers and manufacturers are already used to working with," says Jon Cobb, EVP of Global Marketing for Stratasys. "In our view, additive manufacturing will not replace many of the traditional manufacturing processes, but rather complement how a good portion of manufacturers are delivering products to market in a more efficient and customized way."
Impacting Our Economy through Additive Manufacturing
Stratasys believes that the additive manufacturing opportunity is now. For more than 25 years, many manufacturers in aerospace, automotive, defense, education, consumer goods and electronics, biomedical and other industries have used Stratasys additive manufacturing systems to make product designs better. But today, more and more customers are using 3D printing to produce finished complex goods on-demand in an efficient process using common thermoplastics. This growing manufacturing method is impacting many areas of the economy by empowering manufacturers to be more efficient, flexible and innovative. Those who apply such technologies could gain competitive edge.
The National Additive Manufacturing Innovation Institute (NAMII), an advanced manufacturing hub that brings together industry, academia and government to accelerate innovation and advance emerging manufacturing technologies, recently funded its first research projects including three that employ the Stratasys FDM process using high-temperature ULTEM™ 9085 thermoplastic resin. The projects are designed to help bridge the gap between basic research and product development, provide shared assets to give companies — particularly small manufacturers — better access to cutting-edge capabilities and equipment, and create an unparalleled environment to educate and train students and workers in advanced manufacturing skills.
Stratasys is also working with the U.S. Department of Energy at Oak Ridge National Laboratory (ORNL) to develop additive manufacturing processes for production use. The initiative builds upon a strong collaboration that leverages ORNL's Manufacturing Demonstration Facility (MDF) to foster energy efficient production using additive manufacturing materials and processes.
As additive manufacturing gains momentum, the evolving skill sets required to use it heightens the need for investment in STEM education. This will allow the workforce of tomorrow to participate more fully in the new economy and help shape industry. For years, Stratasys has worked with numerous research-driven universities and thousands of K-12 schools to help students strengthen technical skills by using 3D printers.
Stratasys recently kicked off of its 10th annual Extreme Redesign 3D Printing Challenge that invites students worldwide at the middle school, high school, and college level to submit inventive new product designs, redesigns of existing products, or original or redesigned works of art or architecture. Designs are developed using 3D CAD software, submitted to Stratasys to be 3D printed, and winning submissions are awarded with scholarship money. The company has also partnered with STARBASE, an organization funded by the Department of Defense that promotes STEM learning for grade school students.
For images, video, and other multimedia on additive manufacturing, please visit the following links:
- Medical Device Manufacturing using Additive Manufacturing
- 3D Printing Merges with Printed Electronics
- Oak Ridge National Laboratory Additive Manufacturing Initiative
- NASA Aerospace Manufacturing with 3D Printers
- Extreme Redesign challenge for students
Stratasys Ltd. (NAS: SSYS) , headquartered in Minneapolis, Minn. and Rehovot, Israel, manufactures 3D printers and materials for prototyping and production. The company's patented FDM® and PolyJet® processes 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 RedEye On Demand digital-manufacturing service. Stratasys has more than 1500 employees, holds over 500 granted or pending additive manufacturing patents globally, and has received more than 20 awards for its technology and leadership. Online at: www.stratasys.com or http://blog.stratasys.com.
Cautionary Statement Regarding Forward-Looking Statements
Statements regarding Stratasys' beliefs, intentions and expectations, including without limitation statements regarding the development and performance of our products and the potential growth of our industry and market, are forward-looking statements (within the meaning of the United States federal securities laws). The statements involve risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those projected. Actual results may differ materially due to a number of factors, including the risk and uncertainty relating to Stratasys' ability to penetrate the 3D printing market; its ability to achieve the growth rates experienced in preceding quarters; its ability to introduce, produce and market both existing and new consumable materials, and the market acceptance of these materials; the impact of competitive products and pricing; its timely development of new products and materials and market acceptance of those products and materials; the success of Stratasys' recent R&D initiative to expand the DDM capabilities of its core FDM technology; and the success of Stratasys' RedEye On DemandTM and other paid parts services. This list is intended to identify only certain of the principal factors that could cause actual results to differ. These and other applicable factors are discussed in this presentation and in Stratasys' Annual Report on Form 20-F for the year ended December 31, 2012, as well as other filings that Stratasys, Inc. has made with the SEC and that Stratasys Ltd. has made and will make with the SEC in the future. Any forward-looking statements included in this presentation are as of the date they are given, and Stratasys is not obligated to update them if its views later change, or to reflect the occurrence of unanticipated events, except as may be required by law. These forward-looking statements should not be relied upon as representing Stratasys' views as of any date subsequent to the date they are given.
FDM, Stratasys and Objet are registered trademarks, and Fused Deposition Modeling and PolyJet are trademarks of Stratasys Ltd. and or its subsidiaries or affiliates. ULTEM™ is a registered trademark of SABIC or affiliates.
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