3D Systems ( DDD Quick Quote DDD - Free Report) recently announced that it has inked a strategic partnership with the Graubünden-headquartered EMS Group’s Specialty Chemicals business unit — EMS-GRILTECH — to jointly develop additive manufacturing materials.
The EMS-GRILTECH is specialized in the development and production of fibers, fusible adhesives and adhesive yarn for technical and textile applications, adhesion promoters for the tire industry, powder coatings and reactive diluents. With the EMS-GRILTECH, 3D Systems has launched DuraForm PAx Natural, a nylon copolymer that features properties similar to injection molded plastics.
The DuraForm PAx Natural offers elevated impact resistance with high elongation at break in any direction. It can be used with any commercially-available selective laser sintering (SLS) printer to manufacture tough, lightweight, production-grade parts for applications like tooling handles, orthotics, splints, and braces, ducting in rugged environments, living hinges, liquid reservoirs, and enclosures.
The newly introduced first-to-market material’s low printing temperatures reduce the time to part in hand and increase printer uptime, enabling manufacturers to gain a competitive edge and accelerate their supply chains. The material offers long-term stability of over five years indoors and is designated as a clean running material that implies low operator maintenance.
The DuraForm PAx Natural, which can be processed easily, is highly recyclable, indicating that it will help manufacturers reduce waste and decrease production costs. 3D Systems is the sole distributor of the material at present. The company intends to develop other materials showcasing superior performance in the powder-bed fusion platform by utilizing SLS printing technology in the future.
3D Systems is currently witnessing robust prospects across most of its end businesses. The company is focusing on strategic initiatives like improving existing 3D printers, strengthening partnerships and enhancing productivity to drive growth. In March, it partnered with the Intelligent Surgery Ecosystem developer, Enhatch, to jointly design and deliver patient-specific medical devices. By integrating Enhatch's advanced technologies into its medical device workflow for developing patient-specific solutions, 3D Systems address the growing demand for personalized medical devices.
Zacks Rank & Stocks to Consider
3D Systems currently carries a Zacks Rank #5 (Strong Sell). Shares of DDD have plunged 73.6% in the past year.
Some better-ranked stocks from the broader
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The Zacks Consensus Estimate for Axcelis' second-quarter fiscal 2022 earnings has been revised 3 cents northward to 99 cents per share over the past 60 days. For 2022, earnings estimates have moved 10.3% north to $4.40 per share in the past 60 days.
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