Six Machines Added to Existing Installation for Total of 12 Machines
MINNEAPOLIS, July 18 - (NASDAQ: SSYS) Stratasys today announced it's largest FDM Titan(TM) order to date - six FDM Titan systems sold to a Fortune 500 company in June, which will employ them for direct digital manufacturing. The company will add them to its existing six Titans at the same location, bringing its total to 12 systems.
The 12 systems are being evaluated and results documented in preparation for the company's migration to direct digital manufacturing.
"This installation by a global manufacturer reaffirms industry observers' and our belief that DDM is here now, and that progressive companies are taking it seriously," says FDM product manager Patrick Robb. "Fortune 500 companies don't make this kind of investment unless they are serious about capitalizing on the opportunities for DDM. Some of the benefits of DDM include reduced or eliminated tooling costs, no waiting time for tooling, and a more cost efficient process when production runs are small."
In a 2006 survey, 42 percent of Stratasys machine owners say they use their additive fabrication ("rapid prototyping") system for at least some manufacturing of end-use parts.
Stratasys Inc., Minneapolis, manufactures prototyping and direct digital manufacturing systems, and it offers prototype and part manufacturing services. According to Wohlers Report 2007, Stratasys supplied 41 percent of all systems installed worldwide in 2006, making it the unit market leader, for the fifth consecutive year. Stratasys owns the rapid prototyping process known as fused deposition modeling (FDM). The process creates functional prototypes and end-use parts directly from any 3D CAD program using ABS plastic, polycarbonate, PPSF, and blends. The company holds over 180 granted or pending rapid prototyping patents globally. Stratasys products are used in the aerospace, defense, automotive, medical, education, electronic, and consumer product industries. On the Web: www.Stratasys.com.
(952) 906 - 2726