3D Systems Announces Expansion Plans to Address Rising Demand for New Healthcare and Industrial Applications
ROCK HILL, S.C., May 04, 2021 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) today announced it will increase its presence in Denver, Colorado to support its fast-growing healthcare solutions business, and expand industrial application development capabilities for its Application Innovation Group (AIG). This activity is a continuation of the investment phase of the company’s plan to focus on its strategic purpose as the leaders in enabling additive manufacturing solutions for applications in growing markets that demand high-reliability products.
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“The combination of maturing industrial-scale metal and polymer printing technology and advanced material solutions, with a customer base that increasingly seeks the performance, flexibility and cost benefits of large-scale additive manufacturing, is driving significantly increased demand for our products and services,” said Dr. Jeffrey Graves, president and CEO, 3D Systems. “Our Application Innovation Group has demonstrated tremendous benefits for enabling the adoption of complex applications for customers across our healthcare and industrial businesses. We pursue a consultative approach with our customers that starts with understanding their unique application performance and cost needs and develop a custom solution to address that need. It’s about bringing to life a customer’s understanding of what is possible with additive manufacturing, then producing the parts, scaling the initial production volumes, demonstrating the economics, and ultimately enabling them to continue high-volume production in the future. From joint application development to qualifying and validating parts and processes, manufacturing, and then installing a complete solution at the customer site – we partner with customers to solve their most difficult design and production challenges and empower them to maintain that momentum. This is the heart of our growth engine for the future.”
This expansion will increase 3D Systems’ Denver, Colorado footprint by over 50% and the company anticipates it will be completed in the second quarter of 2022. In addition to providing critical working and collaboration space for the growing teams, the expansion will enable the addition of multiple 3D printers – including forthcoming products - and large scale post-processing equipment that will automate key aspects of the production workflow for parts as large as those of the DMP Factory 500 (i.e., 500mm3). This will enable the company to both develop and demonstrate the technical and economic viability of a greater range of additive solutions for both healthcare and industrial market segments. For additional information on 3D Systems’ solutions, please visit the company’s website.
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