Stratasys and BASF Partner to Deliver New Polypropylene Material for Stratasys SAF Technology
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.
- Commercial availability of SAF Polypropylene (PP) for H350 printer launching in Q4 2024.
- Partnership with BASF Forward AM.
- Greater cost efficiency and superior part quality in Powder Bed Fusion technologies.
- High-volume production capability with a total turnaround time of less than 36 hours.
- Applications in diverse sectors including automotive, medical, consumer sports, and industrial.
- Durability, chemical resistance, and flexibility.
- Ability to produce intricate, high-quality parts with exceptional surface finish.
- None.
Insights
Stratasys partnering with BASF to introduce SAF™ Polypropylene (PP) for use in the H350™ printer represents a significant advancement in the additive manufacturing industry. This new material is designed to enhance cost efficiency, part quality and production versatility. As a retail investor, it's important to understand the potential market impact of this innovation.
Firstly, the collaboration with a renowned chemical company like BASF adds credibility and reinforces Stratasys' commitment to industrial-grade additive manufacturing. The new SAF PP material is expected to lower the cost per part significantly, which can be a game-changer for industries that rely on high-volume production like automotive, medical and consumer goods. This cost efficiency could make 3D printing more accessible and economically feasible for traditional manufacturing processes.
Moreover, the material's superior nesting ability and quick turnaround time of less than 36 hours enhance productivity. This could attract new customers looking for efficient and high-quality manufacturing solutions. The versatility of SAF PP, catering to diverse applications, means that Stratasys can potentially tap into new market segments and diversify its revenue streams.
However, investors should remain cautious about the long-term adoption and scalability of this technology. While the material's properties are impressive, widespread industry acceptance depends on several factors, including the consistency of material performance and the ability to integrate seamlessly into existing production lines.
From a financial perspective, the introduction of SAF™ Polypropylene (PP) by Stratasys, in collaboration with BASF, could positively impact Stratasys' revenue growth and market position. The new material is geared towards reducing production costs, which can enhance Stratasys' appeal to a broader customer base, especially in cost-sensitive industries.
In the short term, the announcement may boost investor confidence and potentially lead to a positive movement in Stratasys' stock price. The fourth-quarter 2024 launch timeline gives the company ample time to market the product and secure pre-orders, possibly leading to an increase in revenue projections for the upcoming fiscal year.
Long-term financial performance will depend on the material's adoption rate and the overall growth of the additive manufacturing market. If SAF PP lives up to its promises of cost efficiency and superior quality, it could result in recurring revenue from consumables and drive printer sales, enhancing Stratasys' financial stability.
New Additive Manufacturing Material Will Drive Greater Part Quality, Versatility and Cost Efficiency
Flexible automotive component produced with SAF™ PP on the Stratasys H350™, ideal for tight and chemical resistance applications. (Photo: Business Wire)
Stratasys SAF™ PP, offered in partnership with BASF Forward AM, is designed to provide greater cost efficiency and superior part quality in Powder Bed Fusion technologies. This innovative material offers a lower cost per part and exceptional surface aesthetics as compared to existing materials and is designed to meet the rigorous demands of high-volume production while maintaining exceptional overall quality.
"With superior nesting ability and a total turnaround time of less than 36 hours, SAF PP allows customers to produce hundreds of parts in a single build,” said Neil Hopkinson, Vice President, Additive Manufacturing Technology, Stratasys. “This boosts productivity and cost efficiency, delivering high-quality parts at a lower cost."
SAF PP is engineered for a wide range of applications, catering to diverse industries such as automotive, medical, consumer sports, and industrial sectors. SAF PP provides durability, chemical resistance, and flexibility for automotive components like housings and ducting, as well as orthotic devices and consumer sports gear like shin guards. Its lightweight nature, and water and air tightness, make it an ideal choice for producing intricate, high-quality parts across various applications.
The new material has also demonstrated the capability to produce robust, defect-free parts with complex geometries, such as flexible tight pipes and intricate sensor mounts.
"The surface finish of SAF™ PP parts is unparalleled,” said Philipp Götz, CEO, Götz Maschinenbau GmbH & Co. KG, a beta customer of this material. “The fine detail resolution and uniform appearance are far superior to any other PBF printed PP we have seen, significantly enhancing the visual appeal of our final products."
"The consistent quality of SAF™ PP is exceptional,” said Jennifer Govea, Application Engineer, Sun Digital. “It's airtight and watertight properties ensure reliable performance across various applications. With SAF PP, we can now bring a wide array of additive manufacturing benefits to unlimited applications that use PP today in traditional manufacturing."
"We are pleased to collaborate with Stratasys on the development of this new polypropylene material, optimized for their SAF 3D printing technology,” added Martin Back, CEO, BASF Forward AM. “This partnership underscores our commitment to providing robust AM solutions tailored to the needs of industrial manufacturers. Together, we aim to broaden the adoption of AM technologies to make our customers more successful."
Visit Us at Rapid 2024
Stratasys invites attendees to visit our booth at Rapid 2024 to experience firsthand the revolutionary capabilities of SAF PP. Our team will be on hand to demonstrate the material's unique advantages and discuss how SAF PP can transform your manufacturing processes.
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, X/Twitter, LinkedIn, or Facebook. Stratasys reserves the right to utilize any of the foregoing social media platforms, including Stratasys’ websites, to share material, 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.
Stratasys, SAF and H350 are trademarks or registered trademarks of Stratasys Ltd. and/or its affiliates. All other trademarks are the property of their respective owners.
Note Regarding Forward-Looking Statement
The statements in this press release regarding Stratasys are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are subject to significant risks and uncertainties, and actual results could differ materially from those projected. There can be no assurance that Stratasys will be able to complete the transaction on the anticipated terms, or at all. Important factors that could cause actual results and developments to differ materially from those anticipated in these forward-looking statements include, among other things, risks and uncertainties related to market conditions, satisfaction of customary closing conditions related to the transaction and the risk factors and other matters referred to under “Risk Factors”, and generally in Stratasys’ Annual Report on Form 20-F for the year ended December 31, 2023 filed with the
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Media and Investor contacts:
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Kalyani Dwivedi
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Erica Massini
Erica.Massini@stratasys.com
+55 (11) 2626-9229
Investor Relations
Yonah Lloyd
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Stratasys Corporate &
Erik Snider
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Source: Stratasys Ltd.
FAQ
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