3-D printer maker Stratasys sees needed growth helped by new products Company gets in position as the industry moves beyond just prototyping. April 27, 2021 2:56pm Text size Copy shortlink:
Annual revenue at Stratasys has fallen for the past six years, and the maker of 3-D printers is planning on the introduction of new additive printing technologies and three new products to give it a needed boost.
The company, based in Eden Prairie and Rehovot, Israel, exceeded revenue expectations when it reported year-end results on March 1, but annual revenue still decreased 18% to $520.8 million. We are accelerating into the Additive Manufacturing 2.0 era, in which we see global manufacturing leaders move beyond prototyping to fully embrace the agility that 3-D printing brings to the entire manufacturing value chain, said Stratasys CEO Yoav Zeif in a news release.
Stratasys expands reach with Origin purchase
Origin’s P3 technology cures liquid photopolymer resin using light.
San Francisco For Stratasys Ltd., the recent acquisition of Origin Inc. expands the company s reach in the 3D printing market.
For Origin Inc., a move into a larger organization provides some financial muscle and global reach to help expand its technology.
The $100 million cash-and-stock deal closed in January, joining Origin s Programmable PhotoPolymerization, or P3, technology into Stratasys existing portfolio of 3D printing offerings.
Stratasys, based in Rehovot, Israel, expects to add up to $200 million in annual revenue within five years by acquiring the P3 technology as part of the deal.
Stratasys paying $100 million for Origin rubbernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rubbernews.com Daily Mail and Mail on Sunday newspapers.