Five-year agreement strengthens relationship, reinforcing Stratasys’ role as a leader in 3D printing solutions for high-performance racing

EDEN PRAIRIE, Minn. & REHOVOT, Israel & CHARLOTTE, N.C. — (BUSINESS WIRE) — December 4, 2024 — Stratasys Ltd. (NASDAQ: SSYS) and Joe Gibbs Racing (JGR), today announced a five-year extension of their current working agreement that spans more than 20 years. The extension of its longstanding partnership with Joe Gibbs Racing, one of the most successful teams in NASCAR, cements Stratasys’ role as their trusted partner in additive manufacturing.

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Stratasys and Joe Gibbs Racing have extended their working relationship, which began more than 20 years ago. (Photo: Business Wire)

The announcement coincides with Stratasys’ recent agreement with NASCAR to become the “Official 3D Printing Partner of NASCAR”.

“Our partnership with Stratasys has allowed us to dramatically accelerate part production and testing, which has been critical to our success,” said Mark Bringle, Managing Director, Technical Partnerships, Joe Gibbs Racing. “We're excited to build on this collaboration and look forward to what we can achieve together over the next five years. Stratasys has been an invaluable partner for over two decades, providing us with cutting-edge 3D printing solutions that drive our competitive edge on the track. This new five-year extension ensures we continue pushing the limits of innovation in motorsports.”

For more than two decades, Stratasys’ advanced additive manufacturing technologies have enabled Joe Gibbs Racing to stay at the forefront of NASCAR competition. JGR uses Stratasys’ 3D printing solutions to enhance performance through faster prototyping, rapid production of custom parts, and advanced material usage. Using industrial systems like the Fortus 450mc™ and F370^®CR printers with high-performance materials such as Nylon-CF10, Joe Gibbs Racing has been able to gain critical competitive advantages on the track.

“Our partnership with Joe Gibbs Racing showcases the impact of additive manufacturing in motorsports,” said Rich Garrity, Chief Commercial Business Officer at Stratasys. “We're thrilled to continue this collaboration for the next five years, helping JGR push the boundaries of performance with our innovative 3D printing solutions.”

For more information on Stratasys’ additive manufacturing solutions and partnership with Joe Gibbs Racing, visit www.stratasys.com.

About Stratasys

Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products, and healthcare. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care.

To learn more about Stratasys, visit www.stratasys.com, the Stratasys blog, X/Twitter, LinkedIn, or Facebook. Stratasys reserves the right to utilize any of the foregoing social media platforms, including Stratasys’ websites, to share material, non-public information pursuant to the SEC’s Regulation FD. To the extent necessary and mandated by applicable law, Stratasys will also include such information in its public disclosure filings.

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Media and Investor contacts:

Stratasys Corporate, North America & EMEA
Chris Reese
chris.reese@stratasys.com
+1 651 357 0877

Stratasys Corporate, Israel & EMEA
Erik Snider
Erik.Snider@stratasys.com
+972 74 745 6053

Investor Relations
Yonah Lloyd
Yonah.Lloyd@stratasys.com
+972 74 745 4919