In the 3D printing industry, we often find small stories and bits of information that we feel are important but don’t warrant a full article. This segment hopes to give an overview of the week’s less pertinent industry news. In particular, this week featured a lot of business developments. Accordingly, we’ll try to make this a weekly segment.
Proto Labs Growth Figures and 3D Systems Shares Sell-off
This week showed Proto Labs is charging forward despite tumultuous slowdowns in global manufacturing. The company remained unencumbered by macroeconomic gridlock. All things considered, the numbers look good. The numbers reveal a growth of 16.6% in the 3D printing segment. However, earnings per share did go down by 18%. Additionally, overall revenue also took a dip. That said, 3D Printing showed the highest level of growth out of all of their sectors of business. This is a promising sign.
Proto Labs’ gross margin declined from that of last year. They also increased the number of unique product developers, which may have contributed to higher costs. The company has since announced plans to curb further drops with new measures. These measures include increasing their strength in the European market by integrating acquisitions in Germany, strengthening the management team and utilising their global facilities.
In other news, the tocqueville asset management L.P. sells 42,837 shares of 3D Systems. At the third quarter, they decreased their share position by 16%. Other companies have also made changes to their stock position. In the quarter before, Stoneridge improved its position by 18%. Similarly, advisory services improved its position by 7.6% as well.
Joint Ventures and Diversifications
Many companies have made announcements regarding new joint ventures and facilities. Stratasys and Dassault have teamed up to design new tools in Additive Manufacturing. They are seeking to make advancements in DMLS 3D printing. Similarly, the firm Print Form is joining hands with WIPRO3D. Both firms provide solutions in 3D printing. WIPRO3D specialises in metallic additive manufacturing.
Nano Dimension have decided to set up a new 3D bio-printing subsidiary. They are hoping that bio-printing will provide breakthroughs in kidney diseases. The subsidiary will seek separate financing and will be distinct from the electronic nano-printing the company usually researches.
Concept Laser, Honeywell Aerospace and Phoenix Analysis and Design Technologies are also partnering up. They are planning to set up research centre at Arizona State University. ASU offers a manufacturing engineering degree at the campus.
- HK3D set to unveil new printer: Markforged and HK3D are promising a revolution in metal 3D printing. Additionally, their new printer will be low cost.
- Boeing’s space taxi: Boeing’s CST-100 Starliner will have roughly 600 3D printed parts. Also, parts will be manufactured using OXFAB technology.
- Fluidic Factory: A new 3D printer called Fluidic factory has been launched. What makes it special? Scientists see it as having potential in microfluid manufacturing. It can create very accurate fluid-bearing designs.