3D Systems(DDD) received an order last Monday to supply a large number of Cube 3D printers for the participating teams of Dean Kamen's FIRST(R) Robotics Competition (FRC(R)). Cube is a consumer printer that is widely used across offices, classrooms and homes. These printers have been certified as safe operability devices, enabling the company to win a number of awards for excellent performance.
The competition is sponsored by the America Makes, Oak Ridge National Laboratory and the United States Department of Education. The market welcomed this news, driving the stock up by 4.3% till Friday.
Along with the Cube printers, the company is also planning to donate each team with its suite of Cubify design software tools that include Cubify Invent, Cubify Design and Cubify Sculpt along with a host of cloud printing coupons, each having a value of around $100. 3D’s Cube printers will be included in the participants’ kit of parts to enhance creativity and competitiveness among the teams.
FRC expects 3D printing to leverage the scope in engineering industry by opening up new possibilities like efficient prototyping of on-demand parts. The deal is part of 3D Systems’ ongoing initiative to spread the use of 3D printing by focusing on the high quality and economical nature of the product.
3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. In addition, the company provides creative content development and design productivity tools. The company also offers software design tools including CAD (Computer-aided design), reverse engineering and inspection, and consumer 3D printers, apps and services.
3D Systems currently holds a Zacks Rank #3 (Hold). However, better-ranked companies in the same industry include Electronics for Imaging, Inc. (EFII), Bottomline Technologies (de), Inc. (EPAY) and SanDisk Corp. (SNDK). All these stocks carry a Zacks Rank #1 (Strong Buy).
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