3-D Sys Corp Del Stock Price, News & Analysis

3D Systems (NYSE: DDD) announced a partnership with Rodin Cars to produce parts for their upcoming hypercar, the Rodin FZero, using advanced metal additive manufacturing solutions. The collaboration focuses on a first-of-its-kind 8-speed sequential gearbox, custom-designed to enhance performance and reduce weight through 3D printing in Titanium. This gearbox, along with hundreds of bespoke components, will be produced at Rodin's facility using 3D Systems' DMP Factory 500 technology, marking a significant advancement in additive manufacturing's application in high-performance automotive design.

3D Systems (NYSE: DDD) announces the appointment of Dr. David Leigh as Chief Technology Officer for Additive Manufacturing, enhancing innovation in production-scale solutions. Chuck Hull, co-founder, will shift focus to biotechnology, advancing regenerative medicine technologies. This leadership expansion aims to accelerate the company's innovation pace in response to the growing demand for additive manufacturing across healthcare and industrial sectors. Dr. Leigh brings over 30 years of experience, previously serving at EOS and Stratasys, and is expected to strengthen 3D Systems’ technological capabilities.

3D Systems (NYSE:DDD) and CollPlant Biotechnologies (NASDAQ:CLGN) have entered a co-development agreement to create a 3D bioprinted regenerative soft tissue matrix for breast reconstruction. This innovative product uses plant-based recombinant human collagen, aiming to improve healing outcomes and safety, while addressing supply shortages associated with traditional matrices. The partnership leverages both companies' expertise to develop a product that mimics patient anatomy and enhances implant procedures, catering to the growing market due to increasing breast cancer survival rates.

3D Systems (NYSE:DDD) has launched a new material, Accura® Composite PIV, enhancing efficiency in the production of wind tunnel models for aerodynamic testing, in collaboration with Alpine F1 Team. This material significantly reduces preparation time and provides high-resolution data, improving the understanding of airflow over race cars. With capabilities to produce nearly 500 parts weekly, the material's unique optical properties lessen laser reflection, leading to more reliable PIV testing. This development showcases 3D Systems' commitment to innovation in motorsports.

3D Systems (NYSE: DDD) has announced the sale of its On Demand Manufacturing business to Trilantic North America for $82 million. The company plans to reinvest the proceeds to enhance its core additive manufacturing operations, with a focus on growth and profitability. The transaction is expected to close in Q3 2021 and includes facilities in the U.S. and Europe. 3D Systems will continue collaborating with Quickparts, the new brand for the sold business, as part of its strategy to dominate the additive manufacturing market.

3D Systems (NYSE:DDD) has announced management will present at two upcoming virtual investor conferences. The Stifel 2021 Virtual Cross Sector Insight Conference is scheduled for June 8, 2021, at 9:20 a.m. ET, followed by the BofA Securities 2021 Global Technology Conference on June 9, 2021, at 1:00 p.m. ET. Interested investors can access live webcasts of these presentations via the Investor Relations section of 3D Systems’ website, with replays available for at least 30 days.

3D Systems (NYSE: DDD) announced the addition of four high-performance resins to its Figure 4 portfolio for production and prototyping. The materials, including the Figure 4 High Temp 150C FR Black, are designed for demanding applications in sectors like aerospace, automotive, and healthcare. They offer long-term mechanical performance and environmental stability, tested for eight years indoors and 1.5 years outdoors. The new 3D Sprint software boosts productivity by 40%. General availability is expected by mid-June 2021.

3D Systems Corporation (NYSE: DDD) reported a 7.7% increase in Q1 2021 revenue, amounting to $146.1 million, driven by 16.6% organic growth excluding divestitures. The company achieved 44.0% gross margins and GAAP earnings of $0.36 per share, marking a turnaround from a loss of $0.17 per share in Q1 2020. Strong growth in the Healthcare sector, which grew 39%, was noted, while Industrial sales saw a slight decrease of 11.7%. Significant cash reserves of $133 million and focused investments indicate a positive long-term outlook.

3D Systems (NYSE:DDD) announced significant acquisitions to bolster its initiatives in regenerative medicine and industrial-scale additive manufacturing. The company acquired Allevi, a bioprinting solutions provider, to enhance its capabilities in medical research and development labs, targeting a market projected to grow over 15% annually. Additionally, 3D Systems has signed an agreement to acquire Additive Works, a software firm specializing in optimization for 3D printing. These strategic moves aim to accelerate growth and address expanding application opportunities in these fields.