Automaker Advances Innovation with First Stratasys F3300 3D Printer Purchase Agreement

Rhea-AI Summary

Stratasys, Ltd. (NASDAQ: SSYS) has announced that Toyota has signed an agreement to be the first customer to purchase the new Stratasys F3300 3D printer. The F3300 is designed for manufacturing, and Toyota will use it for production support, including parts and fixtures, as well as for prototyping applications to bring new products to the market faster.

EDEN PRAIRIE, Minn. & REHOVOT, Israel--(BUSINESS WIRE)-- Stratasys, Ltd. (NASDAQ: SSYS), a leader in polymer 3D printing solutions, today announced that Toyota, a global leader in automotive manufacturing and innovation, has signed an agreement to be the first customer to purchase the new, cutting-edge Stratasys F3300 3D printer.

The new Stratasys F3300 made for manufacturing. (Photo: Business Wire)

Toyota will utilize the new F3300 for new production support, including parts and fixtures, and also for prototyping applications, to help bring new products to the market faster.

The F3300 is the latest Fusion Deposition Modeling (FDM) printer from Stratasys, built to scale additive manufacturing. It is capable of producing complex, high-precision parts that are crucial to vehicle design and usage, from prototypes to end-use components. The printer has increased versatility with fast changeover and loading, automatic calibration, and high throughput. With these features, the F3300 will lower cost-per-part by up to 25 percent, print up to two times faster than any other FDM printers for production, and have 25 percent increased accuracy. The output and possibilities now available with the F3300 align with Toyota's reputation of delivering high-quality, innovative vehicles to customers around the world.

"Having the opportunity to incorporate the F3300 3D printer into our Additive operations represents a great leap forward towards achieving our corporate goals,” said Eduardo Guzman, Advanced Technologies Manager, Toyota. “The new printer capabilities will help us accelerate the introduction of new additive manufacturing opportunities across our manufacturing operations”

“We have a combined interest in delivering innovation and superior quality for our customers, and this partnership with Toyota demonstrates our mutual commitments to better, smarter, and more sustainable production,” said Rich Garrity, Chief Industrial Business Unit Officer, Stratasys. “Built with manufacturing in mind, the F3300 will redefine additive manufacturing on the factory floor, with its speed, lowers costs and ease of service.”

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, Twitter, LinkedIn, or Facebook. Stratasys reserves the right to utilize any of the foregoing social media platforms, including Stratasys’ websites, to share material and 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.

Note to Editors: High-resolution images and additional information are available upon request from appropriately listed media contacts.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231107438441/en/

Investor and Media Contacts

Stratasys Corporate & North America

Chris Reese

chris.reese@stratasys.com

+1 651 357 0877

Europe, Middle East, & Africa

Jonathan Wake / Samantha White,

Incus Media

stratasys@incus-media.com

+44 1737 215200

Israel

Erik Snider

Erik.Snider@stratasys.com

+972 74 745 6053

Investor Relations

Yonah Lloyd

Yonah.Lloyd@stratasys.com

+972 74 745 4919

Brazil, Central America and South America

Erica Massini

Erica.massini@stratasys.com

+55 (11) 2626-9229

Asia

Kalyani Dwivedi

Kalyani.dwivedi@stratasys.com

+91 80 6746 2606

Source: Stratasys, Ltd.

FAQ

What is the significance of Toyota's agreement with Stratasys?

Toyota's agreement to purchase the new F3300 3D printer demonstrates its commitment to utilizing cutting-edge technology for manufacturing and innovation.

How will the F3300 benefit Toyota's manufacturing operations?

The F3300 will help Toyota accelerate the introduction of new additive manufacturing opportunities across its operations, leading to faster production and lower costs.

What are the key features of the F3300 3D printer?

The F3300 offers increased versatility with fast changeover and loading, automatic calibration, high throughput, and up to 25% lower cost-per-part, 2x faster printing, and 25% increased accuracy compared to other FDM printers for production.

How does this partnership benefit Stratasys?

The partnership with Toyota demonstrates Stratasys' commitment to delivering innovation and superior quality for its customers, and the F3300 will redefine additive manufacturing on the factory floor with its speed, lower costs, and ease of service.