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Stratasys 3D Printed Injection Molds Help Whale Cut Lead Times by up to 97% and Reduce Overall R&D Process by 30-35%

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Stratasys, Inc.

14950 Martin Dr., Minneapolis, MN, 55344 2020, USA

Original Press Release

Stratasys 3D Printed Injection Molds Help Whale Cut Lead Times by up to 97% and Reduce Overall R&D Process by 30-35%

Press release date: June 2, 2014

MINNEAPOLIS and REHOVOT, Israel –

• Significant savings part of introducing 3D printing into Whale's tooling process
• 3D printing has shortened Whale's design process and product launch lead time by 20%

Stratasys, Ltd  (Nasdaq:SSYS), a global leader of 3D printing and additive manufacturing solutions today announced that Whale, a leading manufacturer of water and heating systems for mobile applications, has slashed its lead times for the production of injection mold tools for prototype parts by up to 97% since introducing Stratasys 3D printing into its tooling process.

According to Jim Sargent, 3D Technical Services at Whale, the company is 3D printing injection mold tools in less than 24 hours using its Objet350 Connex Multi-material 3D Printer, at a fraction of the cost of producing metal tools: "Traditionally, our lead times for metal tools were somewhere between 4 - 5 weeks and came with significant production costs. As a result, our RD process was very time-consuming and fundamentally slowed down the launch of new products. With our Objet Connex 3D Printer, we are now able to design our tools during the day, 3D print them overnight and test them the next morning with a range of end-product materials. The time and cost savings associated with this new tooling method are significant."

The injection mold tools are 3D printed using Stratasys' Digital ABS material, which features distinct material properties ideal for low volume part production - high temperature resistance and toughness. Whale also offers its Rapid Prototyping Service to external customers, including automotive and aerospace industries, producing 3D printed multi-material parts and tools using plastics such as polypropylene and polypropylene glass-filled.

"Looking into the future, 3D printing is hugely revolutionary in terms of how we are going to operate as a business," explains Patrick Hurst, Managing Director at Whale. "We have already seen the technology take months off of our product development process and that in turn minimizes risk. In fact, I estimate that we've shortened our RD process by up to 35% with Stratasys 3D printing solutions. Add that on top of the 20% we're already saving in terms of our design work - well for me, it's fantastic."

Nadav Sella, Solutions Sales Manager at Stratasys concludes: "We are seeing an increasing number of customers exploring the potential that 3D printed injection mold tools offer. In addition to the dramatic cost and time savings potential, our Digital ABS tools enable companies to produce parts in the real end-product material, ready to test even in the prototyping phase. Our customers can therefore make quicker test iterations and bring products to market faster."

Stratasys Ltd. (Nasdaq:SSYS), headquartered in Minneapolis, Minnesota and Rehovot, Israel, is a leading global provider of 3D printing and additive manufacturing solutions. The company's patented FDM®, PolyJet™, and WDM™ 3D Printing technologies produce prototypes and manufactured goods directly from 3D CAD files or other 3D content. Systems include 3D printers for idea development, prototyping and direct digital manufacturing. Stratasys subsidiaries include MakerBot and Solidscape, and the company operates the RedEye digital-manufacturing service. Stratasys has more than 1900 employees, holds over 550 granted or pending additive manufacturing patents globally, and has received more than 25 awards for its technology and leadership. Online at: http://www.stratasys.com or http://blog.stratasys.com.

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Stratasys Media Contacts

USA
Aaron Masterson
Weber Shandwick
Tel. +1-952-346-6258
AMasterson@webershandwick.com

Europe
Jonathan Wake / Miguel Afonso
UK Bespoke
Tel: +44-1737-215200
stratasys@bespoke.co.uk

Stratasys
Arita Mattsoff / Joe Hiemenz
Stratasys
Tel. +972-(0)74-745-4000 (IL)
Tel. +1-952-906-2726 (US)
arita@stratasys.com
joe.hiemenz@stratasys.com

Asia Pacific
Stratasys AP
Janice Lai / Frances Chiu
Tel. +852-3944-8818
Janice.lai@stratasys.com
Frances.Chiu@stratasys.com

Japan
Stratasys Japan
Aya Yoshizawa
Tel. +81-90-6473-1812
Aya.yoshizawa@stratasys.com

Korea
Stratasys Korea
Jihyun Lee
Tel. +82-2-2046-2287
jihyun.lee@Stratasys.com

Brazil
Tatiana Fonseca
GAD Communications
Tel: +55-11-3846-9981
tatiana@gadcom.com.br

Mexico
Stratasys Mexico
Thibault Leroy
Tel. +52-1(55)4866-0800
thibault.leroy@stratasys.com

South Africa
Alison McDonald
PR Connections
Tel. +27-(0)11-468-1192
alison@pr.co.za  

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