3D Systems Gains 2.3% on New R&D Innovation Facility in Cary - Analyst Blog


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Shares of 3D Systems Corporation ( DDD ) have gained about 2.3% since the company's announcement on Aug 21, regarding the opening of its new facility for fostering innovation and software development. The center, located in Cary, NC, will have around 22,000 sq. feet committed for research and development (R&D).

The new center will consist of an integrated 3D design-to-print showroom, with training facilities designed to enhance the experience of its customers, as well as its partners and resellers. Equipped with state-of-the-art R&D capabilities, the facility is compatible with the entire range of Geomagic software solutions. This apart, the improved capabilities will also aid further development of the company's 3D scanning solutions like Sense and Capture.

3D Systems, in order to outpace other key players in the industry like Stratasys Ltd. ( SSYS ), ExOne Company ( XONE ) and Voxeljet ( VJET ), has been focusing on strategic acquisitions and increased R&D investments. Besides undertaking a number of strategic acquisitions, 3D Systems also launched a new range of 3D printers like Cube 3 and CubePro in the last quarter. Moreover, it added several key distributors like ScanSource and Konica Minolta to its global reseller channel.

The aforementioned innovation facility, by bringing together all the elements from design to 3D printing under one roof, is expected to be significantly beneficial for the company and its customers. With a large number of engineers, designers, architects and entrepreneurs opting for 3D solutions for their primary designing and product modeling, such investments will position this Zacks Rank #3 (Hold) company favorably to gain from the booming 3D market.

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This article appears in: Investing , Business , Stocks
More Headlines for: SSYS , DDD , VJET , XONE

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