EDEN PRAIRIE, Minn. & REHOVOT, Israel – Stratasys Ltd. (NASDAQ:SSYS), known for its polymer 3D printing solutions, has announced the acquisition of a technology portfolio including patents from the now-defunct Arevo, Inc. This move aims to accelerate the adoption of fused deposition modeling (FDM) applications in manufacturing by improving part performance and reliability.
The acquisition includes foundational patents pivotal to carbon fiber printing and enhancements to part strength, build consistency, and system throughput. These technologies are expected to address customer needs for higher-performing parts with better economics.
Stratasys' Chief Industrial Business Officer, Rich Garrity, noted the acquisition will improve isotropy in FDM parts, expanding their usefulness for customers. He emphasized the company's focus on delivering practical value through innovation.
Stratasys, with a portfolio of 2,600 granted and pending patents, differentiates itself in the additive manufacturing industry. The company serves sectors like aerospace, automotive, consumer products, and healthcare. Its 3D printing solutions are designed to offer competitive advantages throughout the product value chain.
This acquisition reflects Stratasys' strategic investment in technology to bolster its market position and meet evolving manufacturing demands. The information is based on a press release statement from Stratasys Ltd.
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