Credit: Shutterstock photo3D Systems CorporationDDD recently unveiled a revamped version of its Cimatron software that will help design and manufacture molds, dies and discrete parts. This enhanced product reflects one of the company's five-pronged long-term strategies of offering an integrated 3D authoring solutions platform, including software, perceptual devices and tools, to maximize growth.
An integral part of 3D Systems' end-to-end solutions, Cimatron, boasts a loyal customer base and has garnered a solid reputation among clients for optimizing workflow. The recently launched version will significantly maximize productivity and minimize overhead costs in the digital manufacturing workflow. It is also packed with features like new CAD for tooling functionalities, new mold-design applicative tools, plate machining solution, electrode mirroring tools and hybrid design environments, and improved NC programming capabilities and so on.
Cimatron 13 has already been beta tested by a one-source solution provider Bastech. The preliminary results confirm that this software saves 70% on mold design time, 14% on injection cycle time and 16% on mold costs. With intensified competition in tool shops, 3D Systems believes that its latest offering will gain solid traction as it drastically reduces delivery time without compromising on quality.
3D SYSTEMS CORP Price
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3D Systems is currently pursuing a growth strategy that essentially focuses on five strategic initiatives. Apart from offering the integrated 3D authoring solutions platform, the other strategies include the expansion of quickparts services, acceleration of 3D printer penetration through channel expansion, introduction of new products and enhancement of 3D printing materials, and offering healthcare solutions applications. We believe that the company's initiatives coupled with the encouraging 3D printing prospects, which is poised to grow at a compound annual growth rate (CAGR) of 44% from 2014 to 2019 as per a Canalys report, bodes well for the company's long-term growth.
3D Systems currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Mercury Systems, Inc. MRCY , Key Tronic Corp. KTCC and Stratasys Ltd. SSYS . While Mercury Systems and Key Tronic Corp sport a Zacks Rank #1 (Strong Buy), Stratasys holds a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
