Stratasys' (SSYS) New Fortus Solution To Be Adopted By WTM
Zacks Investment Research | Jul 11, 2017 10:32PM ET
Stratasys Ltd. (NASDAQ:SSYS) has been scaling newer heights across all its business segments. The company’s long-standing customer – Western Tool & Mold (WTM) – has entered into an agreement to use Stratasys’ recently launched Fortus 900mc Aircraft Interiors (AI) Certification Solution to produce aircraft cabin components. WTM is one of the leading aircraft parts suppliers.
Stratasys’ Fortus 900mc Aircraft Interiors Certification Solution includes two of its products. One is ULTEM 9085 resin, which according to the company “is a strong, lightweight thermoplastic meeting aerospace flame, smoke and toxicity (FST) regulations (FAR 25.863)”. The other product is Fortus 900mc Production 3D Printer, comprising specialized hardware and software, which are designed to deliver repeatable mechanical properties.
Adoption of Stratasys’ new solution will help WTM in improving supply chain efficiency. Per the company, this will enable WTM to easily comply with the evolving industry quality standards, as well as meeting the replacement part demand by aircraft manufacturers more quickly. This will also help in freeing up more time to invest in production.
As per Collin Wilkerson, managing director of WTM, “The Stratasys Aircraft Interiors Certification Solution will allow us to work with our customers early in their design and development process and help be more agile than our competition in responding to customer requests”.
Adoption of Stratasys’ 3D printing and additive solutions has been gaining pace for the past one year. Notably, WTM is not the first company in the aviation industry which has signed a deal to use Stratasys’ 3D printing technologies to build aircrafts or parts. Stratasys has collaborations with companies like Boom Supersonic, SIA Engineering Company Limited and The Boeing Co. (NYSE:BA) , all in the aviation space.
We anticipate the recent deal will further fortify Stratasys base in the aviation industry.
Apart from the aviation industry, Stratasys’ 3D printing technologies are being used in other industries too. The company has partnerships with the likes of Schneider Electric (PA:SCHN), which operates in the energy sector, and Ford Motor Company (NYSE:F) , which is in the automotive sector.
We believe that the company’s portfolio of innovative products will help it over the long run to generate incremental sales.
Notably, Stratasys outperformed the Zacks categorized Zacks Investment Research
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