Company Update (NASDAQ:SSYS): Stratasys, Ltd. Announces VHM Fonderie Experiencing Faster Customer Turnaround Times and Improved Capacity Thanks to 3D Printing Technology


(BUSINESS WIRE)– Stratasys, Ltd. (NASDAQ: SSYS) announced that French foundry and machining company, VHM Fonderie, is experiencing faster product development time and improved capacity since introducing PolyJet 3D printing across its entire design and manufacturing process. Further exploiting the wider potential of its Stratasys Connex Multi-material 3D Printer for external customers, the company has established its own service bureau, Reali3D.

VHM Fonderie (formerly Heinrich Fonderie), which specializes in the production of various types of industrial iron castings using the traditional sand casting process, utilizes its Stratasys Connex Multi-material 3D Printer across a broad spectrum of applications throughout product development. This includes everything from the production of functional prototypes and master models for sand casting, to manufacturing tools, as well as the 3D printing of spare production parts for certain tooling machines.

For complex sand casting applications in particular, the company is using Stratasys’ advanced simulated polypropylene material, Rigur, to produce 3D printed models that are subsequently used to make sand molds.

“To manufacture an object using the sand casting process, we need to first produce a master model of the specific part,” explains Laurent Poux, Industrial Director, VHM Group. “This is then used to make a mold, from which the desired object itself is then manufactured. In the context of the end-to-end manufacturing workflow, the level of time-saving enjoyed with 3D printing isn’t merely improvement or progression – it’s transformational.”

“With 3D printing, we save about a month when it comes to producing the various models used to create our molds. This enables us to deliver orders for our customers incredibly quickly, which has in turn improved our capacity,” he adds.

Such time-savings allows VHM Fonderie to reduce product development time for the many castings it manufactures for its clients. As well as the VHM Group’s other businesses, this comprises a number of external clients – among them, Paris landmarks like the Le Jardin des Tuileries, Le Caroussel du Louvre and La Place Vendôme, as well as companies like flow management solutions provider, Flowserve.

According to Poux, 3D printed molds are just one application in which its Stratasys Connex 3D Printer is deployed. Another area of use is in the production of various tooling items, such as positioning jigs that are used across the assembly line to increase production efficiency. The 3D printer’s use has even been extended to replacing obsolete parts for the company’s tooling machines, such as its belt sander machine, providing VHM Fonderie with a new level of versatility in production.

“Use of Stratasys 3D printing technology has given us a level of self-reliance that has not only revolutionized some of our traditional production processes, but it has allowed us to become significantly more flexible as a company when it comes to manufacturing,” says Poux. “We’re really excited to be able to extend the benefits of 3D printing to our customers through Reali3D, where we expect to produce everything from concept models and fully-functional prototypes, to assembly tools for the production line.”

“VHM Fonderie is the perfect example of how a growing number of manufacturers are not merely exploring the use of 3D printing in a limited capacity, but are reaping multiple benefits through its widespread integration across all areas of production,” says Andy Middleton, President, Stratasys, EMEA. “Stratasys remains committed to educating the market and working closely with customers to ensure that, like VHM Fonderie, they maximize the full potential of 3D printing technology to reduce time and costs within their manufacturing operations.” (Original Source)

Shares of Stratasys closed last Friday at $19.63. SSYS has a 1-year high of $30.46 and a 1-year low of $14.48. The stock’s 50-day moving average is $19.02 and its 200-day moving average is $21.22.

On the ratings front, Stratasys has been the subject of a number of recent research reports. In a report issued on November 16, Brean Murray Carret analyst Ananda Baruah reiterated a Hold rating on SSYS. Separately, on the same day, Jefferies Co.’s James Kisner reiterated a Buy rating on the stock and has a price target of $25.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ananda Baruah and James Kisner have a yearly average return of 4.0% and 6.4% respectively. Baruah has a success rate of 56% and is ranked #619 out of 4273 analysts, while Kisner has a success rate of 62% and is ranked #532.

Sentiment on the street is mostly neutral on SSYS stock. Out of 10 analysts who cover the stock, 5 suggest a Hold rating, 3 suggest a Buy and 2 recommend to Sell the stock. The 12-month average price target assigned to the stock is $21.43, which implies an upside of 9% from current levels.

Stratasys Ltd. engages in the provision of additive manufacturing solutions for the production of parts used in the process of designing and manufacturing products for the manufacturer of end parts. Its systems include desktop 3D printers for idea and design development, various systems for rapid prototyping and large production systems for direct digital manufacturing. It also develops, manufactures and sells materials for use with its systems and provides related service offerings to its customers.