Stratasys Inc (ISRAEL) - SSYS STOCK NEWS

Stratasys (NASDAQ: SSYS) has announced plans to relocate its U.S. headquarters from Eden Prairie to a new campus in Minnetonka, Minnesota. The move, scheduled for January 6, 2025, aims to consolidate most Minnesota-based offices into a larger, more dynamic corporate campus. The new location will feature advanced technology, enhanced amenities, and thoughtfully designed work areas to foster innovation and creativity.

CEO Dr. Yoav Zeif emphasized that this move underscores Stratasys' commitment to providing employees with the necessary support and resources to promote continued innovation, teamwork, and well-being. The easily accessible campus, less than 10 minutes from the current headquarters, is expected to facilitate closer collaboration between research and development and manufacturing teams.

Stratasys has introduced the DentaJet™ XL, a cutting-edge 3D printer aimed at high-volume dental labs. The DentaJet XL is designed to significantly enhance productivity and reduce costs through features like larger resin cartridges, a big print tray, and a Super High-Speed mode.

It aims to cut labor costs by up to 90% and reduce the cost per part by up to 67%. The printer also allows for dual-material printing and integrates advanced software for efficient print prep and management.

Initial feedback from early adopters highlighted notable improvements, including up to 50% increased production of clear aligners and substantial material and labor savings.

Stratasys (NASDAQ: SSYS) was recognized at the Additive Manufacturer Green Trade Association (AMGTA) 2024 Annual Summit in Los Angeles on June 24th, winning four Sustainability Recognition Awards. These accolades were awarded for Stratasys' excellence in Environmental Management Systems, Sustainability Reporting, Environmental Sustainability Research, and overall Excellence in Additive Manufacturing (AM) Sustainability. The awards reflect Stratasys' commitment to environmental sustainability and innovation in additive manufacturing. Sherri Monroe, Executive Director of AMGTA, praised Stratasys for advancing sustainability in the industry. Rosa Coblens, VP of Sustainability & Communications at Stratasys, highlighted the company's Mindful Manufacturing™ approach, emphasizing leadership in evidence-based ESG practices.

Stratasys and Ricoh USA have enrolled the first patient in a clinical study assessing 3D printed models for orthopedic tumor removal. The study aims to evaluate the efficacy of 3D printed anatomical models in preoperative planning compared to traditional CT or MRI scans. This research will examine potential improvements in surgical outcomes, such as reduced blood loss, shorter operating times, and fewer complications. The 12-month, multi-center randomized study will involve up to 150 subjects across three sites, including The Ohio State University Wexner Medical Center and Corewell Health. Successful results could establish 3D printed models as a new standard in tumor removal procedures.

Stratasys (NASDAQ: SSYS) and AM Craft have entered a partnership to boost 3D printed parts production for the aviation industry. This collaboration will leverage Stratasys' expertise with AM Craft's distributed production model. AM Craft holds an EASA Part 21G Production Organization Approval, enabling the delivery of certified parts important for airlines and OEMs. The partnership includes Stratasys' strategic investment in AM Craft and their addition to AM Craft's board. This alliance aims to address supply chain challenges in the aviation sector, ensuring the availability of needed parts. The partnership extends AM Craft's reach to Southeast Asia and Europe, with plans to collaborate with Stratasys Direct Manufacturing in the US.

Stratasys (Nasdaq: SSYS) has announced the commercial availability of SAF™ Polypropylene (PP) for its H350™ printer, launching in Q4 2024. This material, developed in partnership with BASF Forward AM, promises greater cost efficiency, superior part quality, and versatility in Powder Bed Fusion (PBF) technologies. SAF PP is designed for high-volume production, offering a total turnaround time of less than 36 hours and the ability to produce hundreds of parts in a single build.

Key applications for SAF PP span automotive, medical, consumer sports, and industrial sectors, providing durability, chemical resistance, and flexibility. The material has demonstrated the capability to produce intricate, robust parts with exceptional surface aesthetics, making it ideal for intricate geometries and tight applications. The material will be showcased at the RAPID + TCT Expo in Los Angeles from June 25-27, 2024.

Stratasys has unveiled its new J5™ Digital Anatomy™ 3D printer, aimed at revolutionizing the creation of high-fidelity anatomical models. This innovation is particularly beneficial for medical institutions, device manufacturers, and research institutions, enabling enhanced surgical planning, improved patient outcomes, and accelerated product development. The printer offers precise, patient-specific models that mirror real human tissue, skeletal structures, and vasculature, providing realistic haptic feedback. Its compact design and lower Total Cost of Ownership make it accessible to a wider range of users. Stratasys will officially reveal the printer at RAPID + TCT on June 25th.

Stratasys (NASDAQ: SSYS) will showcase its leading additive manufacturing technologies at the 2024 RAPID + TCT Expo in Los Angeles from June 25 to June 27. The event will feature eight speaking engagements, a dynamic booth displaying the latest innovations, and a showcase truck. CEO Dr. Yoav Zeif will speak on the opening day. Stratasys will also unveil a new medical solution on June 25. Key highlights include the introduction of the F3300 printer, the NEO® 800, and over 200 parts demonstrating the company's technology across various sectors such as aerospace, automotive, healthcare, and consumer products.

Stratasys (NASDAQ: SSYS) has announced significant updates to its product lineup, including new materials and technologies aimed at enhancing additive manufacturing capabilities. Key updates include the OpenAM software for the F900 3D printer, a new high-performance material VICTREX AM 200 for the Fortus 450mc and F900 printers, and a Carbon Fiber Visual Print Option for the F-123 Series. Additionally, the F770 printer now supports multiple ASA colors, and Somos NeXt is validated for Stratasys NEO stereolithography printers. Furthermore, GrabCAD software integration enables enhanced on-demand 3D printing capabilities through Stratasys Direct.