3D Systems Reduces Price on ProX SLS 500 to Expand 3D Printing Market and Gain Market Share
April 13 2017 - 8:00AM
3D Systems (NYSE:DDD) today announced a price drop of more than 30
percent1 of its production-ready ProX® SLS 500 3D printing
system in North America and Europe, an aggressive move to increase
market share and drive adoption of the technology as companies look
to shift production to additive manufacturing. New system
pricing for customers starts at $270,000 and €250,000.1
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/7674c5e6-2ccc-42f9-85ba-35d5745495f8
Featuring one of the broadest portfolios of materials available,
3D Systems’ SLS technology delivers exceptional versatility for
printing a wide range of parts and build sizes from interior
components for airplanes to large production tooling for
high-volume manufacturing to small patient-specific medical
devices.
With the price reduction, the ProX SLS 500 has market leading
total cost of operations (TCO) for durable, end-use parts compared
to competing systems.
“The ProX SLS 500 is winning deals today because of its
superior capabilities; the new price point makes it accessible to
additional customers, which we believe will enable us to increase
our installed base faster and be more competitive in the market,”
said Jim Ruder, Senior Vice President and General Manager,
Plastics, 3D Systems. “We will continue to invest in SLS to expand
our leadership position and help accelerate the shift to 3D
printing production.”
3D Systems’ ProX SLS 500 uses a wide range of DuraForm®
materials from tough nylon for production parts, to
high-temperature resistant fiber-reinforced engineering plastic, to
glass-filled engineering plastic for excellent stiffness. DuraForm
plastics have been optimized, validated and tested to offer an
exceptional combination of surface detail, part strength, and
durability for end-use parts.
Additionally, the ProX SLS 500 has high materials
recyclability. Up to 95 percent2 of material used in a build
is turned into parts, resulting in minimal waste and lower part
cost. Automated material handling and production tools streamline
workflows, producing parts up to 7 times faster than comparable FDM
systems.
More information on 3D Systems’ ProX 500 SLS 3D printer is
available here.
Forward-Looking StatementsCertain statements
made in this release that are not statements of historical or
current facts are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to be materially
different from historical results or from any future results or
projections expressed or implied by such forward-looking
statements. In many cases, forward looking statements can be
identified by terms such as "believes," "belief," "expects," "may,"
"will," "estimates," "intends," "anticipates" or "plans" or the
negative of these terms or other comparable terminology.
Forward-looking statements are based upon management’s beliefs,
assumptions and current expectations and may include comments as to
the company’s beliefs and expectations as to future events and
trends affecting its business and are necessarily subject to
uncertainties, many of which are outside the control of the
company. The factors described under the headings
"Forward-Looking Statements" and "Risk Factors" in the company’s
periodic filings with the Securities and Exchange Commission, as
well as other factors, could cause actual results to differ
materially from those reflected or predicted in forward-looking
statements. Although management believes that the expectations
reflected in the forward-looking statements are reasonable,
forward-looking statements are not, and should not be relied upon
as a guarantee of future performance or results, nor will they
necessarily prove to be accurate indications of the times at which
such performance or results will be achieved. The forward-looking
statements included are made only as the date of the statement. 3D
Systems undertakes no obligation to update or review any
forward-looking statements made by management or on its behalf,
whether as a result of future developments, subsequent events or
circumstances or otherwise.
About 3D Systems 3D Systems provides
comprehensive 3D products and services, including 3D printers,
print materials, on demand manufacturing services and digital
design tools. Its ecosystem supports advanced applications from the
product design shop to the factory floor to the operating room. 3D
Systems’ precision healthcare capabilities include simulation,
Virtual Surgical Planning, and printing of medical and
dental devices as well as patient-specific surgical
instruments. As the originator of 3D printing and a shaper of
future 3D solutions, 3D Systems has spent its 30- year history
enabling professionals and companies to optimize their designs,
transform their workflows, bring innovative products to market and
drive new business models.
More information on the company is available
at www.3dsystems.com
___________________
1 Pricing may vary and is not available in all geographies.
New pricing will be available in the United States and
Europe. It excludes Asia Pacific, Japan, Africa, India and
the Middle East.2 Using DuraForm PA material
Investor Contact: Stacey Witten
Email: investor.relations@3dsystems.com
Media Contact: Diane Parrish
Email: press@3dsystems.com
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