3D Systems Announces Expansion Plans to Address Rising Demand for New Healthcare and Industrial Applications
3D Systems has announced a significant expansion of its facility in Denver, Colorado, adding 50,000 square feet to support its healthcare solutions. This will enhance the company's capacity for patient-specific healthcare and industrial applications, utilizing advanced polymer and metal additive manufacturing technologies. The expansion aims to meet the growing demand for high-reliability products and is expected to be completed in the second quarter of 2022.
- Expansion of Denver facility by 50,000 square feet to support healthcare solutions.
- Increased production capacity for patient-specific craniomaxillofacial applications.
- Enhancement of capabilities in highly-regulated industrial applications, including aerospace.
- Investment will accelerate time-to-market for new healthcare products.
- None.
- Company adding 50,000 square feet of facility space, additional application expertise, and new additive manufacturing technologies in Denver, Colorado
- Increased resources will address increasing demand for patient-specific healthcare and highly-regulated industrial applications utilizing the most advanced polymer and metal additive manufacturing technologies
ROCK HILL, S.C., May 04, 2021 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) today announced it will increase its presence in Denver, Colorado to support its fast-growing healthcare solutions business, and expand industrial application development capabilities for its Application Innovation Group (AIG). This activity is a continuation of the investment phase of the company’s plan to focus on its strategic purpose as the leaders in enabling additive manufacturing solutions for applications in growing markets that demand high-reliability products.
Patient-specific Solutions Transform How Healthcare is Delivered
For more than a decade, 3D Systems has delivered a portfolio of industry-leading healthcare solutions, including patient-specific surgical instruments and implants manufactured at its FDA-registered and ISO 13485-certified location in Denver. The company has supported customers of all sizes, ranging from industry leaders to innovative startups, in developing a diverse portfolio of groundbreaking precision healthcare applications and new medical technology. 3D Systems has manufactured more than two million medical device implants, collaborated with surgeons to plan and guide more than 140,000 patient-specific procedures, and supported 100+ CE-marked and FDA-cleared products. Through this next phase of investment, the company will be able to accelerate time-to-market, expand its offerings, and better support the needs of its rapidly growing customer base. This positions 3D Systems to continue its strong growth trajectory for patient-specific craniomaxillofacial applications through expanded production capacity and ongoing product innovations. It will also enable the company to aggressively increase its participation in the larger patient-specific orthopedics market through the development and deployment of new joint replacement solutions.
Accelerating Innovation for Industrial Applications
The services provided by 3D Systems’ Application Innovation Group are critical to accelerating the journey from proof-of-concept for new customer applications to full-scale workflow definition and initial production. This team employs their experience and expertise to understand the customer’s need and jointly innovate potential application solutions that are subsequently developed into full manufacturing workflows. From there, the AIG experts validate - and where necessary - support obtaining certification and regulatory approvals which are critical to accelerating time to product launch in highly regulated markets. With this complete, the parts are then ready for production either at a 3D Systems manufacturing facility or the customer’s site. Additionally, through this infrastructure investment, the company will add expertise and the most advanced polymer and metal additive manufacturing technologies to address new, more complex industrial applications such as those for aerospace.
“The combination of maturing industrial-scale metal and polymer printing technology and advanced material solutions, with a customer base that increasingly seeks the performance, flexibility and cost benefits of large-scale additive manufacturing, is driving significantly increased demand for our products and services,” said Dr. Jeffrey Graves, president and CEO, 3D Systems. “Our Application Innovation Group has demonstrated tremendous benefits for enabling the adoption of complex applications for customers across our healthcare and industrial businesses. We pursue a consultative approach with our customers that starts with understanding their unique application performance and cost needs and develop a custom solution to address that need. It’s about bringing to life a customer’s understanding of what is possible with additive manufacturing, then producing the parts, scaling the initial production volumes, demonstrating the economics, and ultimately enabling them to continue high-volume production in the future. From joint application development to qualifying and validating parts and processes, manufacturing, and then installing a complete solution at the customer site – we partner with customers to solve their most difficult design and production challenges and empower them to maintain that momentum. This is the heart of our growth engine for the future.”
This expansion will increase 3D Systems’ Denver, Colorado footprint by over
Forward-Looking Statements
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.
About 3D Systems
More than 30 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction - empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials, and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in healthcare and industrial markets such as medical and dental, aerospace & defense, automotive, and durable goods. More information on the company is available at www.3dsystems.com.
Investor Contact: investor.relations@3dsystems.com
Media Contact: press@3dsystems.com
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