Stratasys and Joe Gibbs Racing Extend 20+ Year Partnership, Ushering in New Era of Additive Manufacturing in Motorsports
Stratasys (NASDAQ: SSYS) and Joe Gibbs Racing (JGR) have announced a five-year extension of their 20+ year partnership, reinforcing Stratasys' position in 3D printing solutions for motorsports. The extension coincides with Stratasys becoming the Official 3D Printing Partner of NASCAR.
JGR utilizes Stratasys' advanced manufacturing technologies, including the Fortus 450mc™ and F370®CR printers with materials like Nylon-CF10, to enhance performance through faster prototyping and rapid production of custom parts. This technology has been important for JGR's competitive edge in NASCAR competition.
Stratasys (NASDAQ: SSYS) e Joe Gibbs Racing (JGR) hanno annunciato un prolungamento di cinque anni della loro partnership di oltre 20 anni, confermando la posizione di Stratasys nelle soluzioni di stampa 3D per il motorsport. Questo prolungamento coincide con la nomina di Stratasys come Partner Ufficiale di Stampa 3D di NASCAR.
JGR utilizza le avanzate tecnologie di produzione di Stratasys, compresi i stampanti Fortus 450mc™ e F370®CR con materiali come Nylon-CF10, per migliorare le performance attraverso una prototipazione rapida e la produzione veloce di parti personalizzate. Questa tecnologia si è rivelata fondamentale per il vantaggio competitivo di JGR nelle gare NASCAR.
Stratasys (NASDAQ: SSYS) y Joe Gibbs Racing (JGR) han anunciado una prórroga de cinco años de su asociación de más de 20 años, consolidando la posición de Stratasys en soluciones de impresión 3D para el automovilismo. La prórroga coincide con la designación de Stratasys como Socio Oficial de Impresión 3D de NASCAR.
JGR utiliza las avanzadas tecnologías de fabricación de Stratasys, incluidos los impresoras Fortus 450mc™ y F370®CR con materiales como Nylon-CF10, para mejorar el rendimiento a través de la creación rápida de prototipos y la producción ágil de piezas personalizadas. Esta tecnología ha sido crucial para la ventaja competitiva de JGR en las competiciones de NASCAR.
Stratasys (NASDAQ: SSYS)와 Joe Gibbs Racing (JGR)은 20년 이상의 파트너십을 5년 연장한다고 발표하며, Stratasys의 모터스포츠용 3D 프린팅 솔루션에서의 입지를 강화합니다. 이 연장은 Stratasys가 NASCAR의 공식 3D 프린팅 파트너로 지정되는 것과 일치합니다.
JGR은 Fortus 450mc™ 및 F370®CR 프린터와 Nylon-CF10과 같은 재료를 사용하여 더 빠른 프로토타입 제작과 맞춤형 부품의 신속한 생산을 통해 성능을 향상시킵니다. 이 기술은 NASCAR 대회에서 JGR의 경쟁 우위를 확보하는 데 중요한 역할을 했습니다.
Stratasys (NASDAQ: SSYS) et Joe Gibbs Racing (JGR) ont annoncé une extension de cinq ans de leur partenariat de plus de 20 ans, renforçant ainsi la position de Stratasys dans les solutions d'impression 3D pour le sport automobile. Cette extension coïncide avec le fait que Stratasys devient le Partenaire Officiel d'Impression 3D de NASCAR.
JGR utilise les technologies de fabrication avancées de Stratasys, y compris les imprimantes Fortus 450mc™ et F370®CR avec des matériaux comme le Nylon-CF10, pour améliorer les performances grâce à un prototypage plus rapide et à une production rapide de pièces sur mesure. Cette technologie est essentielle pour l'avantage concurrentiel de JGR dans la compétition NASCAR.
Stratasys (NASDAQ: SSYS) und Joe Gibbs Racing (JGR) haben eine fünfjährige Verlängerung ihrer mehr als 20-jährigen Partnerschaft angekündigt, wodurch die Position von Stratasys im Bereich der 3D-Drucklösungen für den Motorsport gestärkt wird. Die Verlängerung fällt mit Stratasys' Ernennung zum offiziellen 3D-Druckpartner von NASCAR zusammen.
JGR nutzt die fortschrittlichen Fertigungstechnologien von Stratasys, einschließlich der Fortus 450mc™ und F370®CR Drucker mit Materialien wie Nylon-CF10, um die Leistung durch schnellere Prototypenerstellung und die rasche Produktion von maßgeschneiderten Teilen zu verbessern. Diese Technologie war entscheidend für JGRs Wettbewerbsvorteil im NASCAR-Wettbewerb.
- Secured five-year extension with major NASCAR team Joe Gibbs Racing
- Named Official 3D Printing Partner of NASCAR
- Maintains long-term relationship with high-profile client spanning over 20 years
- None.
Insights
While the partnership extension with Joe Gibbs Racing demonstrates Stratasys' strong position in motorsports manufacturing, this news has minimal direct financial impact. The 5-year agreement, while positive for maintaining market presence, lacks specific revenue figures or material financial terms that would significantly influence investor decisions.
The partnership's strategic value lies in showcasing Stratasys' advanced manufacturing capabilities in a high-performance environment, complementing their recent NASCAR partnership. However, racing team partnerships typically represent a small portion of industrial 3D printing companies' revenue streams. The continuation of a 20+ year relationship suggests stable customer retention but doesn't indicate substantial business growth.
Five-year agreement strengthens relationship, reinforcing Stratasys’ role as a leader in 3D printing solutions for high-performance racing
Stratasys and Joe Gibbs Racing have extended their working relationship, which began more than 20 years ago. (Photo: Business Wire)
The announcement coincides with Stratasys’ recent agreement with NASCAR to become the “Official 3D Printing Partner of NASCAR”.
“Our partnership with Stratasys has allowed us to dramatically accelerate part production and testing, which has been critical to our success,” said Mark Bringle, Managing Director, Technical Partnerships, Joe Gibbs Racing. “We're excited to build on this collaboration and look forward to what we can achieve together over the next five years. Stratasys has been an invaluable partner for over two decades, providing us with cutting-edge 3D printing solutions that drive our competitive edge on the track. This new five-year extension ensures we continue pushing the limits of innovation in motorsports.”
For more than two decades, Stratasys’ advanced additive manufacturing technologies have enabled Joe Gibbs Racing to stay at the forefront of NASCAR competition. JGR uses Stratasys’ 3D printing solutions to enhance performance through faster prototyping, rapid production of custom parts, and advanced material usage. Using industrial systems like the Fortus 450mc™ and F370®CR printers with high-performance materials such as Nylon-CF10, Joe Gibbs Racing has been able to gain critical competitive advantages on the track.
“Our partnership with Joe Gibbs Racing showcases the impact of additive manufacturing in motorsports,” said Rich Garrity, Chief Commercial Business Officer at Stratasys. “We're thrilled to continue this collaboration for the next five years, helping JGR push the boundaries of performance with our innovative 3D printing solutions.”
For more information on Stratasys’ additive manufacturing solutions and partnership with Joe Gibbs Racing, visit www.stratasys.com.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241204104118/en/
Media and Investor contacts:
Stratasys Corporate,
Chris Reese
chris.reese@stratasys.com
+1 651 357 0877
Stratasys Corporate,
Erik Snider
Erik.Snider@stratasys.com
+972 74 745 6053
Investor Relations
Yonah Lloyd
Yonah.Lloyd@stratasys.com
+972 74 745 4919
Source: Stratasys Ltd.
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