- Expanded agreement provides variable cost model while ensuring world-class manufacturing proficiency through Sanmina's global scale and capabilities
- 3D Systems maintains focus on core competencies of plastics materials and applications development, driving continued innovation
ROCK HILL, S.C., Feb. 3, 2020 /PRNewswire/ -- 3D Systems (NYSE:DDD) today announced an expanded relationship with Sanmina, a global leader in integrated manufacturing services, to manufacture certain plastic 3D printing platforms. This latest agreement builds on an existing multi-year relationship that originally included the manufacturing of 3D Systems' Figure 4® platform, and will now expand to include all plastics hardware at its Marine Drive manufacturing facility in Rock Hill, South Carolina. Relying on Sanmina's global scale and industry-leading manufacturing capabilities enables 3D Systems to focus more capital investments in R&D, plastics material manufacturing, software, application development, and services to accelerate innovation and maintain competitive advantage.
"Three years ago, 3D Systems set out to have world-class manufacturing capabilities for our products," said Phil Schultz, executive vice president, operations, 3D Systems. "We've had an ongoing relationship with Sanmina to manufacture our Figure 4 platform, and their expertise with our products, their commitment to quality, their understanding of our operations is incredibly valuable. We're confident that this expanded relationship with Sanmina will allow us to continue to deliver best-in-class solutions to our customers and will provide 3D Systems greater competitive advantage through a lower cost-structure."
"We're excited to grow our relationship with a world-leader in digital manufacturing solutions," said Mike Giggey, SVP, business development, Sanmina. "We're committed to applying our expertise in manufacturing to continue to exceed customer expectations and deliver the highest quality 3D printers available."
Forward-Looking Statements
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management's beliefs, assumptions, and current expectations and may include comments as to the company's beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the company's periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.
About 3D Systems
More than 30 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading AM solutions company, it empowers manufacturers to create products and business models never before possible through transformed workflows. This is achieved with the Company's best-of-breed digital manufacturing ecosystem - comprised of plastic and metal 3D printers, print materials, on-demand manufacturing services and a portfolio of end-to-end manufacturing software. Each solution is powered by the expertise of the company's application engineers who collaborate with customers to transform manufacturing environments. 3D Systems' solutions address a variety of advanced applications for prototyping through production in markets such as aerospace, automotive, medical, dental and consumer goods. More information on the company is available at www.3dsystems.com.
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SOURCE 3D Systems