Stratasys acquires UK 3D printing co RP Support

Stratasys Inc. For 3D Printing Solutions in Israel (Nasdaq: SSYS) today it has acquired RP Support (RPS) in the United Kingdom, which provides printers and solutions for industrial 3D stereoscopic printing. No financial details have been disclosed, but Stratasis said it expects the acquisition to have accumulated slightly more non-GAAP revenue and earnings per share by the end of 2021. The company had $ 308 million in cash at the end of the third quarter and has since earned 3D print Startup Origin for $ 100 million. Stratasis says RPS complementary technology extends its polymer solutions across the product life cycle, from concept modeling to manufacturing. RPS 3D printers feature laser beam technology that enables construction precision, feature detail and low fluctuations across the full range of a large building platform. All Neo systems are industry-ready 4.0, with Titanium ™ control software that includes camera, network connectivity, support for remote diagnostics and mid-build parameter customization. Printers can email job progress reports automatically. Stratasys plans to integrate its GrabCAD Print workflow software in future releases of the product. Stratasys CEO, Yoav Ziv, said, “As companies accelerate their adoption of additive manufacturing, our goal is to provide our global customers with the best and most complete 3D printing portfolio in the world. We believe Neo’s products are superior compared to other solutions currently available in Resins, low service requirements, reliable and meticulous construction with simple daily operation. By accessing our strong global channels and innovative GrabCAD program, we will introduce innovative RPS products to many other products manufacturing organizations. ” “We’ve developed the Neo line to raise the industry standard for the next generation of 3D printers for large-frame industrial holographic printers,” said David Storey, RPS Director. “I look forward to continuing to develop this best-in-class technology with the Stratasys team as we offer our products to a wide global audience.” Williams Racing, a British Formula 1 racing team, recently acquired multiple Neo 800 3D printers. “The team’s RPS Neo 800 machines were unmanned during the Christmas holidays, providing a massive volume of high-quality parts for our flight test program, which is a really impressive feat,” said James Colgate, Williams’ Racing Operations Manager James Colgate. “I wanted to tell you how much we like our new 3D printers.” RELATED MATERIALS STRATASIS buys 3D printing company Origin in the US for $ 100 million, Stratasys donates 3D printed virus covers from Stratasys to provide 3D printed parts to Stratasys teams for the Orion spacecraft with stereoscopic lithography systems at McLaren Racing Industrial is well established in the printing industry 3D for applications such as as tools, investment casting patterns, anatomical modeling, transparent orthodontic molds and large design parts. Stratasis’ share price has increased by 303% since last September, including 103% since the start of 2021. The company has a market cap of $ 2.5 billion. Posted by Globes, Israel business news – en.globes.co.il – on February 18, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021