Stratasys, Ltd. SSYS recently adopted the Sapphire 3D print system and Flow software by VELO to further diversify and enhance its additive metals offerings.
The direct manufacturing branch of Stratasys will be able to print complex geometric metal parts with in-situ metrology, close-loop control and low-to-no support structures.
In August last year, VELO launched the Sapphire System, a platform designed for high volume manufacturing, powered by its Intelligent Fusion technology and Flow print preparation software.
Kent Firestone, CEO, Stratasys Direct Manufacturing said, "The Sapphire system from VELO is an important part of advancing our capabilities to include using additive metals in applications and geometries previously challenging to 3D print."
With the new software, Stratasys aims to expand its capabilities and boost adoption of serialized production additive manufacturing. New 3D Printers to Expand Portfolio
In further efforts in 3D printing, Stratasys launched the user-friendly and reasonably-priced F120 3D Printer based on industrial-grade additive manufacturing technology.
Moreover, in a bid to bring a change in traditional 3D printing and enter the area of stereolithography, the company introduced the V650 Flex stereolithography 3D printer.
Omer Krieger, EVP Products, Stratasys said, "The V650 Flex is the result of customer demand around the world wanting a better solution - fully configurable to match the specific application and use-case. The solution is truly one of the first large-scale systems for creating reliable, high-quality parts across design concepts, validation, investment casting, tooling, and injection molding."
Both the printers will be unveiled at this week's Additive Manufacturing User Group Conference 2019 in Chicago, IL. Efforts in 3D Printing Bode Well
Stratasys Direct Manufacturing's efforts in 3D printed production parts have been long documented. Notably, it received an additive metal manufacturing patent last year.
Per SmarTech Publishing, the global additive manufacturing market reached $9.3 billion in 2018, and is expected to reach $41 billion by 2027. Moreover, per Gartner, the global 3D printing market is projected to be worth $17.7 billion by 2020. Top players like Stratasys, which already has a stronghold in the 3D printing business, are positioned to benefit immensely from the market's prospects.
Stratasys' Direct Manufacturing segment witnessed significant improvement and contributed to the 6.1% year-over-year increase in revenues from Services in the fourth quarter of 2018.
Stratasys, Ltd. Revenue (TTM)
Stratasys, Ltd. Revenue (TTM) | Stratasys, Ltd. Quote
However, intensifying competition from the likes of HP HPQ , 3D Systems DDD and voxeljet AG VJET continues to be an overhang.
While HP increased installations of its HP Jet Fusion 3D printing solutions across various industries, 3D Systems launched the DMP Flex 350 and DMP Factory 350 to further assist customers in their manufacturing transformation journey, late last year.
Further, voxeljet launched the VX1000-S for serial additive manufacturing for light metal casting applications a few months ago.
Stratasys currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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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 HP Inc. (HPQ): Free Stock Analysis Report 3D Systems Corporation (DDD): Free Stock Analysis Report voxeljet AG (VJET): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research