Stratasys Completes Sale of its Stratasys Direct Parts-Making Facility in Austin, Texas
15 11월 2023 - 7:30AM
Business Wire
Sale transfers ownership and operations of the
facility to Cumberland Additive
Stratasys Ltd. (NASDAQ: SSYS), a leader in polymer 3D printing
solutions, announced today it has completed the sale of the
Stratasys Direct, Inc. facility in Austin, Texas to Cumberland
Additive, Inc.
Stratasys Direct is the company’s on-demand parts service
bureau. The sale of the metal facility in Austin follows the August
sale of the Stratasys Direct urethane facilities. This decision,
along with operational transformation efforts that began in early
2023, will drive better focus, accountability, internal efficiency,
and speed to customer, while simultaneously improving
profitability.
This transformation positions the Stratasys Direct parts
business to:
- Showcase the advantages of Stratasys solutions for
production-scale additive manufacturing.
- Provide more value to customers through cross-sell and infinite
capacity extension.
- Focus Stratasys Direct expertise on providing the correct
solutions for customer applications, regardless of technology.
- Contribute meaningful growth and accretive income by leveraging
technology and industry expertise.
- Accelerate development of Stratasys’ manufacturing solutions
portfolio.
“We are focusing Stratasys Direct to maximize synergies with our
market-leading additive manufacturing business,” said Gurvinder
Kahlon, General Manager and Vice President, Stratasys Direct
Manufacturing. “Stratasys Direct has best-in-class technology, deep
expertise, and focused management teams that are poised to deliver
strong results for our customers and help them achieve their
manufacturing needs.”
About Stratasys Stratasys is leading the global shift to
additive manufacturing with innovative 3D printing solutions for
industries such as aerospace, automotive, consumer products and
healthcare. Through smart and connected 3D printers, polymer
materials, a software ecosystem, and parts on demand, Stratasys
solutions deliver competitive advantages at every stage in the
product value chain. The world’s leading organizations turn to
Stratasys to transform product design, bring agility to
manufacturing and supply chains, and improve patient care.
To learn more about Stratasys, visit www.stratasys.com, the
Stratasys blog, X/Twitter, LinkedIn, or Facebook. Stratasys
reserves the right to utilize any of the foregoing social media
platforms, including Stratasys’ websites, to share material,
non-public information pursuant to the SEC’s Regulation FD. To the
extent necessary and mandated by applicable law, Stratasys will
also include such information in its public disclosure filings.
Stratasys, SAF, and P3 are trademarks or registered trademarks
of Stratasys Ltd. and/or its affiliates. All other trademarks are
the property of their respective owners, and Stratasys assumes no
responsibility with regard to the selection, performance, or use of
these non-Stratasys products.
Cautionary Statement Regarding Forward-Looking
Statements
The statements in this press release regarding Stratasys and the
transformation of Stratasys Direct, its execution and expected
results and implications on Stratasys’ performance and the benefits
deriving to its customers and other third parties, are
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, and Section 21E of the Securities Exchange
Act of 1934. These forward-looking statements may include, but are
not limited to, statements relating to the anticipated completion
of the combination of MakerBot and Ultimaker, the financial
position and prospects of the new combined company, and the desktop
3D printing market. Forward-looking statements are subject to
significant risks and uncertainties, and actual results could
differ materially from those projected. There can be no assurance
that Stratasys will be able to complete the transaction on the
anticipated terms, or at all. Important factors that could cause
actual results and developments to differ materially from those
anticipated in these forward-looking statements include, among
other things, risks and uncertainties related to market conditions,
satisfaction of customary closing conditions related to the
transaction and the risk factors and other matters referred to
under “Risk Factors”, and generally in Stratasys’ Annual Report on
Form 20-F filed with the Securities and Exchange Commission (SEC)
on March 1st, 2023. Readers are urged to carefully review and
consider the various disclosures made throughout our 2022 Annual
Report and the Report of Foreign Private Issuer on Form 6-K that
attaches Stratasys’ unaudited, condensed consolidated financial
statements and its review of its results of operations and
financial condition, for the quarterly period ended March 31st,
2023 and June 30th, 2023, which we furnished to the SEC on May 5th,
2023 and August 3rd, 2023, and our other reports filed with or
furnished to the SEC, which are designed to advise interested
parties of the risks and factors that may affect our business,
financial condition, results of operations and prospects. Any
guidance provided, and other forward-looking statements made, in
this press release are made as of the date hereof, and Stratasys
undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231114750127/en/
Investor and Media Contacts
Stratasys Corporate & North America Chris
Reese chris.reese@stratasys.com +1 651-357-0877
Investor Relations Yonah Lloyd yonah.lloyd@stratasys.com
+972-74-745-4919
Europe, Middle East, & Africa Jonathan Wake /
Samantha White, Incus Media stratasys@incus-media.com +44 1737
215200
Brazil, Central America and South America Erica Massini
erica.massini@stratasys.com +55 (11) 2626-9229
Israel Erik Snider erik.snider@stratasys.com + 972 74 745
6053
Asia Kalyani Dwivedi kalyani.dwivedi@stratasys.com +91 80
6746 2606
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