Stratasys, Ltd. (NASDAQ:SSYS), a global leader of 3D printing and additive manufacturing solutions, today announced that worldwide moldmaker, HASCO, has developed a rapid, cost-efficient method to producing low volumes of injection molded prototypes by integrating Stratasys 3D printing with its K3500 quick-change mold system. Utilizing this innovative approach, molders can quickly change between inserts for different products, enabling them to cost-effectively produce low volumes of injection molded parts for samples, prototypes and small production runs.
HASCO 3D prints injection mold inserts with Stratasys PolyJet technology in a matter of hours and can make design iterations at a fraction of the time and cost of traditional tooling methods.
HASCO 3D printed the inserts in Stratasys’ ultra-tough Digital ABS material using the Objet500 Connex Multi-material 3D Production System. With a 3D printed mold insert taking only hours to produce, molders can make design modifications to the product for a fraction of the time and cost of conventional tooling methods.
“With time-to-market cycles shorter than ever and production quantities dropping, our customers are now looking for solutions that enable them to deliver prototypes quickly and cost-effectively,” says Dirk Paulmann, Executive Vice President, Sales & Business Development at HASCO. “Compared with conventional metal or aluminum inserts, our new approach offers molders the flexibility to quickly produce and switch inserts, making them much more productive and profitable. Combining our longstanding heritage in mold making with Stratasys’ pioneering expertise in 3D printing injection molds, this best of both worlds technique is the future of prototype and low volume production.”
Unique approach put to the test
When producing a sealing plug for its industry-standard A8001 clamping fixture, HASCO identified that the walls of the ABS plastic sealing screw would need to be 12mm thick to seal the large number of threaded holes. Given this geometry, it was clear that the screw could not be produced using the conventional injection molding process. With the level of intricacy enabled by Stratasys PolyJet 3D printing, HASCO redesigned the screw with a reduced wall thickness and subsequently 3D printed a mold insert to the new specifications in order to test the integrity of the design before mass production.
“The speed of the process was incredible,” explains Paulmann. “Using our Objet500 Connex 3D Production System, we produced the parts of the cavity that shape the polymer – such as the inserts and slides – in just six hours compared to the 24 hours it previously took. We then worked with prototyping specialists Canto Ing. GmbH, Lüdenscheid to finish the 3D printed inserts and test the sample mold. We were delighted with the result, the first sealing screws were produced ready for mounting on our clamping unit in a record time of only four days.
“Through the use of tried-and-tested standardized HASCO products and Stratasys state-of-the-art 3D printing, the project has proved that it is possible to implement this innovative rapid-technology application within the injection molding process. For the production of low-volume prototypes in the final product material, the ability to quickly change molds with a 3D printed cavity offers a rapid, low-cost alternative to conventional methods,” he adds.
Nadav Sella, Director, Manufacturing Tools, Vertical Business Unit, Stratasys, concludes, “We’re extremely excited about what this collaboration has done to advance the low volume injection molding process and the resulting manufacturing efficiencies that can be achieved by molders. We view this as an application area with significant potential and will continue to work with partners such as HASCO to further extend the benefits of additive manufacturing into the world of mold making and injection molding.” (Original Source)
Shares of Stratasys closed yesterday at $29.57. SSYS has a 1-year high of $130.83 and a 1-year low of $25.31. The stock’s 50-day moving average is $30.69 and its 200-day moving average is $41.78.
On the ratings front, Stratasys has been the subject of a number of recent research reports. In a report issued on August 6, Citigroup analyst Kenneth Wong upgraded SSYS to Buy, with a price target of $35, which represents a potential upside of 18.4% from where the stock is currently trading. Separately, on August 4, J.P. Morgan’s Paul Coster upgraded the stock to Buy and has a price target of $42.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Kenneth Wong and Paul Coster have a total average return of 0.4% and -3.0% respectively. Wong has a success rate of 33.3% and is ranked #2529 out of 3752 analysts, while Coster has a success rate of 45.2% and is ranked #3375.
The street is mostly Bullish on SSYS stock. Out of 12 analysts who cover the stock, 7 suggest a Buy rating , 4 suggest a Hold and one recommends to Sell the stock. The 12-month average price target assigned to the stock is $39.50, which implies an upside of 33.6% from current levels.
Stratasys Ltd provides additive manufacturing solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. It offers 3D printers and 3D production systems.