Stratasys Ltd Stock Price, News & Analysis

Stratasys (NASDAQ: SSYS) has launched SAF ReLife, an innovative solution that transforms waste PA12 powder from various additive manufacturing processes into high-quality parts using the Stratasys H350 printer. The technology can reduce carbon footprint by up to 89% when powered by renewable energy and lower production costs by 20%. Beta tester Wehl Green reported significant cost savings and improved efficiency, with 48-hour turnaround times. A third-party Life Cycle Assessment by Fraunhofer IPA validated the environmental benefits, showing a 43% carbon footprint reduction using standard German electricity mix.

Stratasys (NASDAQ: SSYS) announces the launch of its GrabCAD IoT Platform at Formnext 2024, designed to enhance 3D printing operations management and productivity. The platform, immediately available with GrabCAD Streamline Pro software and new PolyJet J3/J5 Series printers, offers real-time monitoring, data-driven insights, and comprehensive fleet management capabilities. The solution introduces standards-based IoT-enabled features for improved printer connectivity, remote diagnostics, and preventative maintenance. Initially available for specific printer models, the platform will be expanded to other technologies in the future.

Stratasys (NASDAQ: SSYS) has scheduled its third quarter 2024 financial results release and conference call for Wednesday, November 13, 2024. The conference call will begin at 8:30 a.m. ET and will be accessible via webcast on the company's investor relations website. Participants can join by phone using the U.S. toll-free number 877-407-0619 or international number +1-412-902-1012. The webcast recording will remain available for 6 months on the company's investor website.

Stratasys (NASDAQ: SSYS) has unveiled the TechStyle™ Fabric Alignment Station, a groundbreaking addition to their 3DFashion™ technology. This innovation enhances the capabilities of the J850 TechStyle™ full color solution, catering to high-end fashion designers' needs. The new station enables:

1. Precise alignment of 2D printed patterns with 3D designs
2. Integration with various production methods like embroidery and laser cutting
3. Improved accuracy in placing 3D printed elements on specific garment areas

Key benefits include enhanced design accuracy, increased efficiency, cost savings, and improved sustainability through reduced material waste. This solution addresses the growing consumer demand for personalized and bespoke fashion products, transforming both the creative process and production efficiency in the fashion industry.

Stratasys (SSYS) has announced its 2024 Annual General Meeting of Shareholders, scheduled for November 7, 2024, at 3:00 p.m. Israel time. The meeting agenda includes:

• Re-election of seven directors and initial election of CEO Yoav Zeif to the board
• Renewal of the Company's Compensation Policy for Executive Officers and Directors
• Approval of a clarification to the definition of Change in Control for CEO severance benefits
• Reappointment of Kesselman & Kesselman as independent auditors

The Board recommends shareholders vote in favor of all proposals. The meeting will also present the audited, consolidated financial statements for the year ended December 31, 2023. Shareholders of record as of September 30, 2024, are eligible to vote.

Stratasys (Nasdaq: SSYS) has announced a $50 million share repurchase program authorized by its Board of Directors. This move is part of the company's strategy to maximize shareholder value and demonstrates confidence in its long-term growth prospects. The repurchase program complements Stratasys' ongoing restructuring efforts, which aim to generate $40 million in annual cost savings by Q1 2025. These initiatives include reducing the workforce by 15% and focusing on high-growth potential products. Stratasys is also implementing operational improvements and asset optimization to strengthen its balance sheet and drive cash generation. The share repurchases will be funded through existing cash and ongoing cash flow, with the timing and volume dependent on market conditions and other factors.

Stratasys (NASDAQ: SSYS) has received over 30 orders for its advanced F3300™ industrial 3D printer since its launch. Orders come from leading companies in automotive, aerospace, and defense markets, as well as commercial and industrial manufacturers. The F3300 printer offers faster print speeds, up to 25% improved accuracy, and nearly 50% cost savings. It features a four-head system and easy-change large-capacity spools, reducing downtime significantly. Customers praise its speed, industrial design, and ease of operation. The printer will be showcased at the International Manufacturing Technology Show (IMTS) in Chicago, September 9-14.

Stratasys (NASDAQ: SSYS) and Materialise have launched the Stratasys Neo® Build Processor for Investment Casting, a solution designed to accelerate the production of high-quality investment casting master patterns. This new processor, developed for Stratasys Neo®450 and Neo®800 stereolithography (SLA) 3D printers, offers up to 50% faster file processing and significantly enhanced print speeds.

The processor streamlines the 3D printing workflow for manufacturers in aerospace and other demanding industries, potentially resulting in up to 75% time savings compared to traditional manufacturing methods. It combines Somos® WaterShed® AF resin, Neo SLA technology, and advanced Materialise software to produce highly accurate 3D printed master patterns with minimal finishing required.

Stratasys (NASDAQ: SSYS) is set to make a significant impact at the upcoming International Manufacturing Technology Show (IMTS). The company will unveil its new Origin® Two photopolymer printer on September 9th, addressing precision and surface finish needs in specialized manufacturing. Rich Garrity, Chief Industrial Business Officer, will deliver a keynote address on September 10th, focusing on additive manufacturing's value and workforce development.

The company will showcase solutions based on all five of its technologies, including the F3300™ high-scale manufacturing printer and Neo® 800 stereolithography printer. Stratasys will also highlight its partnership with Andretti Global Racing, featuring an IndyCar produced with 3D printing technologies. The event underscores Stratasys' commitment to innovation, industry partnerships, and developing the next generation of manufacturing professionals.