Key Developments: 3D Systems Corp (DDD)

DDD on New York Consolidated

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3 Jun 2015
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Latest Key Developments (Source: Significant Developments)

3D Systems Corp inks cooperative R&D agreement with key navy center
Monday, 18 May 2015 09:00am EDT 

3D Systems Corp:Says new cooperative R&D agreement with Naval Sea Systems Command's (NAVSEA) Naval Surface Warfare Center Carderock Division (NSWCCD).In accordance with this agreement, 3DS and the US Navy will jointly develop and evaluate 3D printing technology and materials for military uses, including helping the Navy fulfill a number of strategic initiatives.Says US Navy's partnership with 3DS underscores the disruptive potential of 3D printing to redefine supply chain for naval ship components, and reinforces 3DS' ability to continue to modernize U.S. defense industrial base.  Full Article

3D Systems names new chief financial officer
Friday, 15 May 2015 08:30am EDT 

3D Systems Corp:Entered into a mutual separation agreement with Ted Hull, its Chief Financial Officer, effective as of the end of the day on May 15, pursuant to which Hull will leave the company in order to meet company needs and to pursue his personal interests.David Styka, the company's current Chief Accounting Officer, has been named Executive Vice President and Chief Financial Officer effective as of Hull's departure.  Full Article

3D Systems signs distribution agreement with Konica Minolta Australia
Monday, 11 May 2015 09:00am EDT 

3D Systems Corp:Enters into distribution agreement with Konica Minolta Business Solutions Australia to provide its complete 3D printing product portfolio through Konica Minolta's network of dealers and authorized resellers, as well as its direct sales channel throughout Australia.This builds on 3DS' successful partnership with Konica Minolta Business Solutions U.S.A. for distribution in the U.S.With this alliance, Konica Minolta Australia will enter the 3D printing market to provide its customers access to advanced manufacturing solutions, complementing and expanding its product and services portfolio.Konica Minolta Australia plans to focus on education, manufacturing, architects and print bureau industries.  Full Article

3D Systems Corp withdraws FY 2015 outlook
Wednesday, 6 May 2015 08:00am EDT 

3D Systems Corp:Says, given marketplace uncertainties, believes it is prudent at this time to withdraw the company's previously issued annual guidance for FY 2015.  Full Article

3D Systems Corp gives Q1 2015 outlook, revenue below analysts' estimates
Friday, 24 Apr 2015 08:00am EDT 

3D Systems Corp:Q1 2015 revenue to be in the range of $158 to $160 million.Expects FY 2015 GAAP loss in the range of $0.13 per share to $0.15 per share.Q1 2015 non-GAAP earnings in the range of $0.02 per share to $0.04 per share.Q1 2015 revenue of $183 mln, EPS of $0.04 - Thomson Reuters I/B/E/S.  Full Article

UNYQ and 3D Systems Corp enter partnership to advance 3D printing technology for prosthetics and orthotics
Thursday, 2 Apr 2015 02:30pm EDT 

UNYQ and 3D Systems Corp:Enter multilayer partnership to actively invest in bringing 3D printing technologies to prosthetics and orthotics industries and to democratize patient access to stylish, life enhancing devices.Says collaboration combines UNYQ's knowledge in cost-effective production and nimble go-to-market approach with 3D Systems' vast portfolio of prosthetic and orthotic devices and advanced manufacturing expertise.Says partnership also involves a significant exchange of intellectual property.Under agreement, UNYQ becomes a preferred partner for commercializing 3D Systems' personalized prosthetic fairings, braces and casts.  Full Article

3D Systems Corp and Henry Schein enter multi-national distribution agreement
Monday, 2 Mar 2015 09:00am EST 

3D Systems Corp:Has entered into a multi-national distribution agreement with Henry Schein Inc.Under new agreement, Henry Schein will offer 3DS' dental 3D printers to its dental laboratory customers in the United States, Canada, France, Germany, Australia and Thailand.Agreement substantially expands 3DS' dental labs reach and integrates its printers into Henry Schein's complete digital dental solution.  Full Article

3D Systems Corp gives FY 2015 outlook in line with analysts' estimates
Thursday, 26 Feb 2015 08:00am EST 

3D Systems Corp;:Expects FY 2015 revenue to be in the range of $850 - $900 mln.Expects FY 2015 GAAP earnings per share in the range of $0.35 to $0.45.Expects FY 2015 non-GAAP earnings per share to be in the range of $0.90 to $1.10.FY 2015 revenue of $873 mln, EPS of $1.02 - Thomson Reuters I/B/E/S.  Full Article

3D Systems Corp completes acquisition of Cimatron
Monday, 9 Feb 2015 08:30am EST 

3D Systems Corp:Completed its acquisition of all shares of Cimatron Ltd for about $97 mln, inclusive of Cimatron's net cash.Transaction adds complementary technology, extends 3DS' sales coverage globally, multiplexes cross-selling opportunities and is expected to be accretive to company's cash generation and Non-GAAP earnings per share for full year 2015.  Full Article

3D Systems gets two significant U.S. Air Force Research Laboratory and America Makes Development Contracts
Tuesday, 3 Feb 2015 08:30am EST 

3D Systems Corp:Awarded two research contracts worth over $1 million to develop advanced aerospace and defense 3D printing manufacturing capabilities at convincing scale.These contracts are administered by America Makes (the National Additive Manufacturing Innovation Institute) and funded by the Air Force Research Laboratory (AFRL).The first contract is led by 3DS, in partnership with the University of Delaware's Center for Composite Manufacturing (UDCCM), Sandia National Laboratory (SNL) and Lockheed Martin Corporation (LMCO).The project is designed to integrate predictive technologies with 3DS' SLS 3D printers to dynamically monitor parts at the layer level during the manufacturing process, ensuring optimum accuracy and repeatability of manufactured aerospace parts.The second contract, in collaboration with the Applied Research Laboratory of Pennsylvania State University in partnership with Honeywell International and Northrop Grumman Corporation, leverages 3DS' Direct Metal 3D printing.As a result of this project, aerospace and defense manufacturers will gain full control of every aspect of the direct metal manufacturing process at the layer level, delivering fully dense, chemically pure, flight worthy metals parts.  Full Article

3D System's shares could fall by another 30 percent - Barron's

May 10 - 3D Systems Corp's shares could fall another 30 percent amid delays with the company's consumer line of 3-D printers and little evidence of real in-home demand for the products, Barron's financial newspaper said in its latest issue.

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