3D Systems Corp
) took another major leap in marketing its products this time by
partnering with Konica Minolta Business Solutions U.S. Inc., a
leader in enterprise content management, technology optimization
and cloud services. No financial details of the deal were
disclosed. 3D Systems intends to start the distribution of a couple
of products initially and later distribute the entire 3D printing
3D Systems - a leading provider of 3D printing
design-to-manufacturing solutions - has been pursuing strategic
acquisitions and forming partnerships to diversify its offerings
and expand its operating markets. In the last six months, 3D
Systems has collaborated with
The Hershey Co.
) in its approach to introduce its 3D printing capabilities to
various industries. Last month, the company announced a partnership
with ScanSource, Inc. (SCSC) to support the latter's new technology
team which is primarily focused on the sale and support of 3D
This alliance is yet another strategic move by 3D Systems to
enhance its presence. Some of the products that Konica Minolta will
be marketing will immediately include 3D Systems' ProJet(R) 3500
Series Professional 3D Printer (primarily used in rapid
manufacturing, functional testing, design communication, rapid
tooling) and ProJet(R) 660 Professional 3D Printer (used for
printing full-color, photo-realistic models for product design,
prototypes, assemblies and color concept models).
Konica Minolta is a leading player in the enterprise content
management, technology optimization and cloud services market with
offerings that facilitate organizations to enhance their marketing
skills, manage technology costs and share information to boost
productivity. 3D Systems intends to utilize Konica Minolta's
network of dealers and authorized resellers, as well as its direct
sales channels across the U.S. for distributing its products,
thereby making the latter the first original equipment manufacturer
to sell, support and service 3D printing products through the
traditional printer and office equipment channel in the nation.
Konica Minolta plans to make industries such as
manufacturing/industrial, healthcare and education applications its
hub for 3D printer distribution. Further, through this partnership,
Konica Minolta will make an entry into the highly lucrative 3D
printing market and provide its customers with additive
Given the rapid adoption of 3D printing technology across
various industries, technology and solutions is witnessing
increased demand from broad end users, therefore, 3D Systems is
leaving no stone unturned to market and sell its products.
3D Systems currently carries a Zacks Rank #3 (Hold).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
HERSHEY CO/THE (HSY): Free Stock Analysis
STAPLES INC (SPLS): Free Stock Analysis Report
HASBRO INC (HAS): Free Stock Analysis Report
3D SYSTEMS CORP (DDD): Free Stock Analysis
To read this article on Zacks.com click here.