New Additive Manufacturing Material Will Drive Greater Part Quality, Versatility and Cost Efficiency
EDEN PRAIRIE, Minn. & REHOVOT, Israel — (BUSINESS WIRE) — June 20, 2024 — Stratasys Ltd. (Nasdaq: SSYS) today announced the commercial availability of its groundbreaking new material, SAF™ Polypropylene (PP)for use on the Stratasys H350™ printer, set to launch in fourth quarter of 2024. The material will be available for viewing at the Stratasys booth during the upcoming RAPID + TCT Expo in Los Angeles, CA, June 25 – 27.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240620620799/en/
Flexible automotive component produced with SAF™ PP on the Stratasys H350™, ideal for tight and chemical resistance applications. (Photo: Business Wire)
Stratasys SAF™ PP, offered in partnership with BASF Forward AM, is designed to provide greater cost efficiency and superior part quality in Powder Bed Fusion technologies. This innovative material offers a lower cost per part and exceptional surface aesthetics as compared to existing materials and is designed to meet the rigorous demands of high-volume production while maintaining exceptional overall quality.
"With superior nesting ability and a total turnaround time of less than 36 hours, SAF PP allows customers to produce hundreds of parts in a single build,” said Neil Hopkinson, Vice President, Additive Manufacturing Technology, Stratasys. “This boosts productivity and cost efficiency, delivering high-quality parts at a lower cost."
SAF PP is engineered for a wide range of applications, catering to diverse industries such as automotive, medical, consumer sports, and industrial sectors. SAF PP provides durability, chemical resistance, and flexibility for automotive components like housings and ducting, as well as orthotic devices and consumer sports gear like shin guards. Its lightweight nature, and water and air tightness, make it an ideal choice for producing intricate, high-quality parts across various applications.
The new material has also demonstrated the capability to produce robust, defect-free parts with complex geometries, such as flexible tight pipes and intricate sensor mounts.
"The surface finish of SAF™ PP parts is unparalleled,” said Philipp Götz, CEO, Götz Maschinenbau GmbH & Co. KG, a beta customer of this material. “The fine detail resolution and uniform appearance are far superior to any other PBF printed PP we have seen, significantly enhancing the visual appeal of our final products."
"The consistent quality of SAF™ PP is exceptional,” said Jennifer Govea, Application Engineer, Sun Digital. “It's airtight and watertight properties ensure reliable performance across various applications. With SAF PP, we can now bring a wide array of additive manufacturing benefits to unlimited applications that use PP today in traditional manufacturing."
"We are pleased to collaborate with Stratasys on the development of this new polypropylene material, optimized for their SAF 3D printing technology,” added Martin Back, CEO, BASF Forward AM. “This partnership underscores our commitment to providing robust AM solutions tailored to the needs of industrial manufacturers. Together, we aim to broaden the adoption of AM technologies to make our customers more successful."
Visit Us at Rapid 2024
Stratasys invites attendees to visit our booth at Rapid 2024 to experience firsthand the revolutionary capabilities of SAF PP. Our team will be on hand to demonstrate the material's unique advantages and discuss how SAF PP can transform your manufacturing processes.
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.
Stratasys, SAF and H350 are trademarks or registered trademarks of Stratasys Ltd. and/or its affiliates. All other trademarks are the property of their respective owners.
Note Regarding Forward-Looking Statement
The statements in this press release regarding Stratasys are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are subject to significant risks and uncertainties, and actual results could differ materially from those projected. There can be no assurance that Stratasys will be able to complete the transaction on the anticipated terms, or at all. Important factors that could cause actual results and developments to differ materially from those anticipated in these forward-looking statements include, among other things, risks and uncertainties related to market conditions, satisfaction of customary closing conditions related to the transaction and the risk factors and other matters referred to under “Risk Factors”, and generally in Stratasys’ Annual Report on Form 20-F for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission, or SEC, on March 11th, 2024, and in other reports that Stratasys furnishes to or files with the SEC from time to time. Readers are urged to carefully review and consider the various disclosures made in Stratasys’ SEC reports, which are designed to advise interested parties of the risks and other factors that may affect its business, financial condition, results of operations and prospects. The forward-looking statements in this release speak only as of this date, and Stratasys disclaims any intent or obligation to revise or update publicly any forward-looking statement except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240620620799/en/
Contact:
Media and Investor contacts:
Stratasys Corporate & North America
Chris Reese
chris.reese@stratasys.com
+1 651 357 0877
Asia
Kalyani Dwivedi
Kalyani.Dwivedi@stratasys.com
+91 80 6746 2606
Brazil, Central America and South America
Erica Massini
Erica.Massini@stratasys.com
+55 (11) 2626-9229
Investor Relations
Yonah Lloyd
Yonah.Lloyd@stratasys.com
+972 74 745 4919
Stratasys Corporate & Israel
Erik Snider
Erik.Snider@stratasys.com
+972 74 745 6053