Stratasys Inc (ISRAEL) - SSYS STOCK NEWS

Stratasys has unveiled the Origin One Dental 3D printer, enhancing its offerings in the dental sector. This printer is designed for high accuracy and efficiency, capitalizing on the growing demand in the dental market, which is projected to reach $6.5 billion by 2025. Built on proprietary P3™ technology, it offers an open material infrastructure for diverse applications. This launch aligns with Stratasys' acquisition of Origin and complements their existing J5 DentaJet printer, together aiming to address the needs of modern dental labs.

Stratasys has launched the Digital Anatomy Creator software to enhance its Digital Anatomy 3D Printers, allowing healthcare providers to create patient-specific anatomic models more effectively. This software offers advanced customization options, enabling users to replicate human tissues accurately for diagnostic purposes and surgical preparation. Additionally, Stratasys collaborates with Synopsys and Materialise to integrate FDA 510(k)-cleared workflows in medical modeling, which facilitates point-of-care 3D printing. Healthcare providers can use this technology to improve surgical outcomes and reduce operational costs.

Stratasys Ltd. (NASDAQ: SSYS) is enhancing its manufacturing strategy by introducing a new open tier of third-party materials for FDM® 3D printers through an annual Open Material License. This initiative allows customers to access a broader range of materials, promoting additive manufacturing adoption. Stratasys is already offering open material options for Neo stereolithography 3D printers and has established a material ecosystem across various technologies. The company aims to meet increasing customer demands for sustainability, cost efficiency, and customization in additive manufacturing.

Stratasys has launched the GrabCAD Print software optimized for its H350 3D printer, enhancing additive manufacturing capabilities for users. This improved software facilitates production-scale quantities, allowing users to print hundreds to thousands of parts in a single build. The GrabCAD Print software is built on the GrabCAD Additive Manufacturing Platform, ensuring seamless connectivity between 3D printers and enterprise systems. An annual software license costs $7,999 USD. The H350 printer is designed to provide consistent production control, competitive cost per part, and scalability.

Stratasys Ltd. (NASDAQ: SSYS) announced that Danish footwear manufacturer ECCO is employing its Origin One 3D printing technology to enhance product development, reducing mold fabrication time and costs.

Using Henkel Loctite resin materials, ECCO can 3D print molds and shoe lasts with quality comparable to traditional CNC machining. This innovation allows for quicker testing of footwear designs, helping ECCO streamline its development process and meet customer needs more efficiently.

Stratasys Ltd. (NASDAQ: SSYS) reported Q3 2021 revenue of $159.0 million, a 24.3% increase from Q3 2020. GAAP net loss stood at $18.1 million, or $0.28 per diluted share, an improvement from a net loss of $405.1 million a year prior. The company secured significant contracts with the US Navy and a major OEM for part manufacturing. Cash from operations was $3.0 million, with $519.9 million in cash reserves and no debt. Stratasys retains a positive outlook, forecasting 16% revenue growth in Q4 2021 compared to the previous year.

Stratasys Ltd. (NASDAQ: SSYS) has announced a partnership with Ricoh USA, Inc. to enhance access to point-of-care 3D printing services in healthcare. The collaboration aims to provide hospitals with patient-specific anatomic models, leveraging Stratasys' J750 Digital Anatomy printer and Ricoh's managed services. This initiative is designed to overcome barriers faced by smaller healthcare providers, such as staffing, compliance, and budget constraints. The solution is HIPAA compliant and available in both on-site and on-demand formats.

Stratasys has launched the GrabCAD Additive Manufacturing Platform, a comprehensive software solution for managing production-scale 3D printing operations.

This platform enhances operational efficiency by integrating with existing enterprise applications and managing multiple 3D printers. As the global additive manufacturing software market is projected to grow to $3.3 billion by 2026, Stratasys aims to solidify its leadership position in this expanding sector. The platform currently supports over 38,000 users and processes 35 GB of data daily.

Stratasys Ltd. (NASDAQ: SSYS), a leader in polymer 3D printing solutions, announced participation in the 51st Annual Baird Global Industrial Conference. CEO Yoav Zeif will present on Thursday, November 11, 2021, at 10:15 a.m. ET. The presentation will be accessible via live webcast and archived for one year. Stratasys is known for its innovative 3D printing technologies that cater to various industries, enhancing product design, manufacturing agility, and patient care. For more information, visit www.stratasys.com.