3D Systems Announces Significant Milestone in Commercialization of Oqton Manufacturing OS
3D Systems (NYSE:DDD) has achieved a significant milestone in commercializing Oqton Manufacturing OS, a solution designed to enable on-demand additive manufacturing in regulated markets. Baker Hughes, an energy technology company, has successfully implemented this system in its central manufacturing facilities in Houston, Texas, marking a major step in their commercial software agreement from March 2023.
The Oqton Manufacturing OS has demonstrated impressive results, including a 98% reduction in active monitoring engineering time, saving 136 engineering hours per printer annually, and an 18% reduction in scrap-related costs. The system provides full factory-floor workflow integration, automation, control, and optimization from part design through inspection and certification.
This development is significant as the global manufacturing operations management software market is expected to grow from $16.4 billion in 2022 to $52.7 billion by 2032, according to Spherical Insights.
3D Systems (NYSE:DDD) ha raggiunto un traguardo significativo nella commercializzazione di Oqton Manufacturing OS, una soluzione progettata per abilitare la fabbricazione additiva su richiesta in mercati regolamentati. Baker Hughes, una compagnia di tecnologia energetica, ha implementato con successo questo sistema nelle sue strutture di produzione centrale a Houston, Texas, segnando un importante passo nel loro accordo commerciale per il software di marzo 2023.
Il sistema Oqton Manufacturing OS ha mostrato risultati impressionanti, tra cui una riduzione del 98% del tempo di ingegneria di monitoraggio attivo, risparmiando 136 ore di ingegneria per stampante all'anno, e una riduzione del 18% dei costi legati agli scarti. Il sistema offre un'integrazione completa del flusso di lavoro in fabbrica, automazione, controllo e ottimizzazione, dalla progettazione dei pezzi fino all'ispezione e certificazione.
Questo sviluppo è significativo poiché il mercato globale del software per la gestione delle operazioni di produzione è previsto crescere da 16,4 miliardi di dollari nel 2022 a 52,7 miliardi di dollari entro il 2032, secondo Spherical Insights.
3D Systems (NYSE:DDD) ha logrado un hito significativo en la comercialización de Oqton Manufacturing OS, una solución diseñada para permitir la fabricación aditiva bajo demanda en mercados regulados. Baker Hughes, una empresa de tecnología energética, ha implementado con éxito este sistema en sus instalaciones de fabricación central en Houston, Texas, marcando un gran paso en su acuerdo de software comercial de marzo de 2023.
El Oqton Manufacturing OS ha demostrado resultados impresionantes, incluyendo una reducción del 98% en el tiempo de ingeniería de monitoreo activo, ahorrando 136 horas de ingeniería por impresora al año, y una reducción del 18% en los costos relacionados con residuos. El sistema proporciona integración completa del flujo de trabajo en el piso de la fábrica, automatización, control y optimización desde el diseño de la pieza hasta la inspección y certificación.
Este desarrollo es significativo ya que se espera que el mercado global de software para la gestión de operaciones de fabricación crezca de 16,4 mil millones de dólares en 2022 a 52,7 mil millones de dólares para 2032, según Spherical Insights.
3D Systems (NYSE:DDD)는 규제 시장에서 주문형 적층 제작을 가능하게 하는 솔루션인 Oqton Manufacturing OS의 상업화에서 중요한 이정표를 달성했습니다. 에너지 기술 회사인 Baker Hughes는 텍사스 휴스턴의 중앙 제조 시설에서 이 시스템을 성공적으로 구현했으며, 이는 2023년 3월의 상업 소프트웨어 계약에서 중요한 단계를 의미합니다.
Oqton Manufacturing OS는 인상적인 결과를 보여주었으며, 활동 모니터링 엔지니어링 시간 98% 감소, 연간 프린터당 136시간의 엔지니어링 시간 절약 및 찌꺼기 관련 비용 18% 감소등이 포함됩니다. 이 시스템은 부품 디자인에서 검사 및 인증까지의 완벽한 공장 바닥 작업 흐름 통합, 자동화, 제어 및 최적화를 제공합니다.
이 발전은 2022년 164억 달러에서 2032년까지 527억 달러로 성장할 것으로 예상되는 글로벌 제조 운영 관리 소프트웨어 시장이 중요한 것으로, Spherical Insights에 따르면 그렇습니다.
3D Systems (NYSE:DDD) a atteint une étape importante dans la commercialisation du Oqton Manufacturing OS, une solution conçue pour permettre la fabrication additive à la demande sur des marchés régulés. Baker Hughes, une entreprise de technologie énergétique, a réussi à mettre en œuvre ce système dans ses installations de fabrication centrales à Houston, au Texas, marquant une avancée majeure dans leur contrat de logiciel commercial de mars 2023.
Le système Oqton Manufacturing OS a montré des résultats impressionnants, y compris une réduction de 98% du temps d'ingénierie de surveillance active, économisant 136 heures d'ingénierie par imprimante chaque année, et une réduction de 18% des coûts liés aux déchets. Le système offre une intégration complète du flux de travail en usine, automatisation, contrôle et optimisation, de la conception des pièces jusqu'à l'inspection et la certification.
Ce développement est significatif car le marché mondial des logiciels de gestion des opérations de fabrication devrait passer de 16,4 milliards de dollars en 2022 à 52,7 milliards de dollars d'ici 2032, selon Spherical Insights.
3D Systems (NYSE:DDD) hat einen bedeutenden Meilenstein in der Kommerzialisierung des Oqton Manufacturing OS erreicht, einer Lösung, die eine bedarfsgerechte additive Fertigung auf regulierten Märkten ermöglichen soll. Baker Hughes, ein Unternehmen für Energietechnologie, hat dieses System erfolgreich in seinen zentralen Fertigungsanlagen in Houston, Texas, implementiert, was einen großen Schritt in ihrem kommerziellen Softwarevertrag vom März 2023 darstellt.
Das Oqton Manufacturing OS hat beeindruckende Ergebnisse erzielt, darunter eine 98%ige Reduzierung der aktiven Überwachungsingenieurzeit, was jährlich 136 Ingenieurstunden pro Drucker einspart, sowie eine 18%ige Reduzierung der mit Ausschuss verbundenen Kosten. Das System bietet eine vollständige Integration des Arbeitsablaufs in der Fabrik, Automatisierung, Kontrolle und Optimierung vom Teile-Design bis zur Inspektion und Zertifizierung.
Diese Entwicklung ist bedeutend, da erwartet wird, dass der globale Markt für Software zur Verwaltung von Fertigungsbetrieben von 16,4 Milliarden Dollar im Jahr 2022 auf 52,7 Milliarden Dollar bis 2032 wachsen wird, so Spherical Insights.
- Successful implementation of Oqton Manufacturing OS by Baker Hughes, demonstrating its effectiveness in real-world applications
- 98% reduction in active monitoring engineering time, saving 136 engineering hours per printer annually
- 18% reduction in costs associated with scrap due to real-time actionable alerts during part production
- Enables on-demand additive manufacturing for regulated markets, improving efficiency and scalability
- Provides full factory-floor workflow integration, automation, control, and optimization
- None.
3D Systems' Oqton Manufacturing OS marks a significant leap in additive manufacturing (AM) for regulated industries. The system's deployment by Baker Hughes demonstrates its potential to revolutionize production workflows. Key benefits include:
- Efficiency gains:
98% reduction in monitoring time and root cause analysis, saving 136 engineering hours annually per printer. - Cost reduction:
18% decrease in scrap-related costs through real-time alerts. - Scalability: Enables production scaling without compromising quality or user experience.
- Compliance facilitation: Full traceability from raw material to finished component, important for high-reliability applications.
With the global manufacturing operations management software market projected to reach
The Oqton Manufacturing OS represents a paradigm shift in additive manufacturing for regulated markets. Its comprehensive approach addresses critical pain points:
- End-to-end integration: Streamlines the entire process from order management to production monitoring.
- Automation: Reduces human error and increases consistency in complex manufacturing environments.
- Real-time monitoring: Enables proactive quality control and rapid issue resolution.
- Scalability: Facilitates production scaling without proportional increase in support structure.
The successful implementation by Baker Hughes serves as a powerful case study, potentially accelerating adoption across industries. This could lead to a significant market expansion for 3D Systems, especially in sectors like aerospace, defense and medical devices where regulatory compliance is crucial.
- Strategic partner Baker Hughes deploys Oqton Manufacturing OS as its production solution for additive-driven manufacturing workflow in Houston, Texas
- Enables on-demand additive manufacturing for regulated markets, improves efficiency & enables scalability leveraging power of real-time monitoring
- Provides full factory-floor workflow integration, automation, control, & optimization from part design through inspection and certification
- Facilitates, expedites order management process for end-to-end record control, traceability
- Oqton additive production software catalyzing additive manufacturing use in highly regulated industries — total market for manufacturing operations management software expected to exceed
$52 billion by 2032
ROCK HILL, S.C., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE:DDD), announced it has achieved a significant milestone in commercializing Oqton Manufacturing OS. This solution is designed to enable on-demand additive manufacturing (AM) in regulated markets by providing full factory-floor workflow integration thus transforming how products are brought to market. Baker Hughes, an energy technology company, is now in full production with Oqton Manufacturing OS in its central manufacturing facilities in Houston, Texas. This marks a significant milestone in the commercial software agreement Baker Hughes entered with Oqton, a wholly owned, independently operated subsidiary of 3D Systems, in March 2023 and reinforces the companies’ shared vision to support decentralized manufacturing. The successful implementation of this solution by Baker Hughes demonstrates the Oqton Manufacturing OS’ ability to accelerate the design and production of additively manufactured parts across the entire manufacturing workflow to increase efficiency and facilitate regulatory compliance.
Baker Hughes began using Oqton Manufacturing OS and the Oqton operating system in June 2024 to scale the role of AM within its manufacturing workflow without compromising quality or the user experience. The system integration enables Baker Hughes to efficiently scale its production output while minimizing investments in the support structure. Additionally, the end-to-end system facilitates the monitoring of key performance indicators through the production workflow. For build monitoring alone, Baker Hughes realized a
Oqton Manufacturing OS helps customers move from prototyping to a repeatable, high-quality production additive manufacturing process, with full traceability from raw material through finished component which is essential for high-reliability applications. Oqton Manufacturing OS manages, optimizes, automates, monitors, and traces actions and data to increase throughput, scale production, and maximize operational efficiency. The solution is designed to address all key aspects of an end-to-end manufacturing workflow including:
- Order management via a customer and supplier portal for order intake, capacity and demand planning, and quoting and approvals.
- Engineering through 3DXpert enabling design for additive manufacturing (DfAM), build process preparation, simulation, AM inspection, and digital rights management for functional efficiency.
- Digital warehousing that provides user access segregation control with multifacility workflow management.
- An additive manufacturing-based MES (manufacturing execution system) enables operational excellence, management and traceability.
- Production monitoring based on internally developed IP uses analytic-driven and deep learning capabilities to detect and alert anomalies in real-time.
“We are pleased to achieve deployment of this solution with our strategic partner, Baker Hughes,” said Reji Puthenveetil, EVP, additive solutions & chief commercial officer, 3D Systems. “Oqton Manufacturing OS’ holistic approach to manufacturing, alongside Baker Hughes’ expertise in production for regulated industrial environments, has enabled us to demonstrate the real-world impact of this unique solution. Following this key demonstration of Manufacturing OS’ ability to drive efficiencies, increase automation and achieve savings in complex industrial environments, we are looking forward to its continued adoption.”
“The Manufacturing OS production software improves efficiency through the automation of the complex process, from order requirements, design revision controls, qualified build setups, traceability and reporting. It provides the tools to industrialize at scale the manufacturing without compromising the quality assurance of its production,” said Jim Apostolides, senior vice president, enterprise operational excellence, Baker Hughes.
According to Spherical Insights1, the global manufacturing operations management software market was valued at
Oqton Manufacturing OS enables the next generation of manufacturing automation connecting existing applications and machines across facilities in multiple sites to enable collaboration. When combined with additive manufacturing solutions, it reduces time to final high-quality, reliable, and high-performance components designed to meet or exceed design criteria. The experts within Oqton, and more broadly 3D Systems, have extensive experience helping customers in regulated industries meet these goals through tailored solutions. As a result, manufacturers can produce parts more efficiently while reducing costs.
For more information on Manufacturing OS, please visit the Oqton website.
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1 Spherical Insights, "Global Manufacturing Operations Management Software Market Size, Share, and COVID-19 Impact Analysis, By Component (Software, Services), By Deployment (On-premise, Cloud), By Enterprise Size (Large Enterprises, SMEs), By Application (Advanced Planning & Scheduling, Manufacturing Execution Systems (MES), Labor Management, Inventory Management, Quality Management, Laboratory Management, Others), By End-use (Aerospace & Defense, Automotive, Pharmaceuticals & Medical Equipment, Chemicals, Food & Beverages, Consumer Goods, Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032". (December 2023)
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 revise any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.
About 3D Systems
More than 35 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.
About Oqton
Oqton accelerates intelligent manufacturing by providing comprehensive software solutions for additive production— helping industrial and healthcare organizations drive innovation and efficiency. The company’s additive production software enables complete traceability and visibility across an organization, delivering - capabilities for image segmentation, additive design, build prep, MES, additive inspection, and simulation. Oqton is supported by partnerships with machine and scanner vendors, software partners, and ERP/CAD/PLM integrations. For more information, visit www.oqton.com or LinkedIn.
Investor Contact: investor.relations@3dsystems.com
Media Contact: press@3dsystems.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a72a75d2-7628-434a-861b-6f21541019bb
FAQ
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