Pisd
2年前
8/10, 3d cc excerpt: Alek Valero - Loop Capital Markets
Hey, guys. How’s it going?
Jeffrey A. Graves - Chief Executive Officer, President & Director, 3D Systems Corp.
Great.
Alek Valero - Loop Capital Markets
It’s Alek on for Ananda. My question is – so to what degree does your desire to combine with Stratasys has to do with accelerating key industry adoption? And if so, how would that adoption look like and where?
Jeffrey A. Graves - Chief Executive Officer, President & Director, 3D Systems Corp.
And if I heard you correctly, is it influenced by industry adoption of 3D printing?
Alek Valero - Loop Capital Markets
That’s right, what is your desire to...
Jeffrey A. Graves - Chief Executive Officer, President & Director, 3D Systems Corp.
Yeah.
Alek Valero - Loop Capital Markets
...combine with Stratasys. Yeah.
Jeffrey A. Graves - Chief Executive Officer, President & Director, 3D Systems Corp.
Well, sure. Yeah, absolutely. It’s an accelerator. So what – as a standalone company, what we’re doing right now is trying to replicate what we’ve done in orthodontics across other market verticals, and the scale that you get to by combining with a company of Stratasys’s size and it brings in very complementary technologies, it gives you more horsepower to do that more quickly.
So it doesn’t directionally change things, but it does allow you to move faster. So that’s what I love about this combination is strategically it’s the same path that we’re on, and ultimately I believe they’re on too, but it just allows it to occur much more quickly. And the window of opportunity right now for customers to look at 3D printing in factories, it’s open right now.
Coming out of COVID, our customers, it’s the same thing we did. They were all worried about their supply chain. And the bigger the customer, the more worried they were, because most of those supply chains, if you go outside of healthcare, most of them are extended around the world. So you got parts coming out of Asia. You’ve got assembly operations all over the world. You had tons of labor and component shortages during the COVID period, and it’s caused everyone to relook at their supply chain.
And once you do that, you look at the location. You also look at the [ph] account (00:47:35), you look at what technology you’re using to make parts. And with 3D printing, they get an improvement in performance of the part and now they get very good economics. But you’ve got to go out and touch them, and you’ve got to demonstrate the technology for them. Many of these guys have never used 3D printing in a factory before at all. They’ve never used it.
So that’s why I pointed out the customer has really changed. It’s now factory managers. And if you’ve ever – I grew up part of my career in factories and if you ever meet a factory manager, they are some of the most focused conservative people in the world. They do not want to miss a delivery. So, if they’re going to bring in 3D printing, a new technology, you have to demonstrate it for them, solving the economics, the risk, and the complete workflow economics.
So what Stratasys combination with us does is it just increases the pace of that capability and it makes it more robust because it’s, again, a broader technology offering gives us a better financial profile for continued investment. The cost synergies are amazing to me, $110 million to the bottom line. So you’ve got a good, sustainable, profitable business. And that, again, from a customer standpoint, that’s what you want to see in a supplier.
We have to serve these guys on multiple continents. most of the big ones where the real volume is at, they’re on multiple continents. So you’ve got to have a footprint where you could support that and we’ll get there on our own. Market vertical-by-market vertical, it’s fine. But if we can combine with Stratasys, we get there a whole lot faster, with a whole lot more efficiency. That’s why we’ve been working at it for two – that’s why we’ve been working at it for two years. Honestly, the logic’s been there for two years since we reorganized this business, so I hope we can make it happen.
Alek Valero - Loop Capital Markets
Awesome. Thank you so much for that. Really appreciate it.
Jeffrey A. Graves - Chief Executive Officer, President & Director, 3D Systems Corp.
You’re welcome.
Pisd
2年前
Stratasys DentaJet Series Building Momentum With Dental Labs Globally
8:30 AM ET, 08/02/2023 - Business Wire
Recently introduced J3 DentaJet multi-material 3D printer already making its mark as a cost-effective entry-level solution to boost productivity and address skilled labor issues among dental labs
EDEN PRAIRIE, Minn. & REHOVOT, Israel--(BUSINESS WIRE)--Aug. 2, 2023--Stratasys Ltd. (NASDAQ: SSYS), a leader in polymer 3D printing solutions, today said it is winning over more dental labs to its professional-grade DentaJet® series of multi-material 3D printers by delivering increased quality and higher accuracy to dental applications while improving overall production efficiencies. Stratasys introduced its entry-level J3™ DentaJet 3D printer earlier this year to complement its more advanced J5™ DentaJet model.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230802256149/en/
The J3 DentaJet 3D printer allows dental labs like ADT to reduce project time from days to a single day and reduce unnecessary overtime. (Photo: Business Wire)
Advanced Dental Technologies, a full-service lab based in Boston, recently purchased the new J3 DentaJet printer and has been using it to produce crown and bridge, removable, and implant models.
“We’re really thrilled with the J3’s output quality, and the ability to undertake multi-material printing has made our workflow so much easier and faster,” said owner Dany Karam. “We own several 3D printers, but this is by far the team’s favorite. We were able to streamline and simplify the process from multiple prints every day to a more streamlined, efficient workflow and environment in the lab, helping us reduce cost by eliminating unnecessary overtime. What would have previously taken three days, we can now do in a day, with greater accuracy and at a fraction of the cost.”
Leveraging Stratasys’ smart digital workflow, the cost-effective DentaJet 3D printers address the evolving production needs of dental labs by enabling unattended printing and minimal post-processing. This helps to overcome the ongoing industry-wide challenge of skilled-labor shortage by enabling labs to redistribute resources. Stratasys is providing a tailored solution for each dental application and its unique requirements, such as high accuracy, color realism, or durability. Users can create extremely accurate, high-quality models, surgical guides and soft gingiva masks – each comprising multiple materials – in a single tray simultaneously.
Ident’M, a dental lab in France, recently purchased a J5 DentaJet printer, which now runs 20 hours a day to create about 1,000 dental parts each month. Alongside other requirements, the dental parts need to be incredibly precise, with the Stratasys system meeting that need with accuracy to just 18 microns.
Olivier Mangot, Co-director, Ident’M, said, “This 3D printer’s precision is simply unachievable with any other technology today. Thanks to the level of accuracy, we have reduced chair time for patients for applications such as crown fittings which has led to very positive feedback from our customers. We’ve also been able to save time and improve productivity by producing full-color dental models on one J5 printer instead of three legacy 3D printers that were dedicated to three different applications.”
Germany-based dental lab MA CAD/CAM Service UG has also just purchased a J5 DentaJet printer. Owner Michael Anger reinforced the value of precision, along with quality aesthetics and productivity. “Being able to print different materials and colors in one single print job, combined with minimal post-processing, has resulted in huge cost savings for us,” he said. “We’re now also able to present models to patients that are more aesthetically appealing as the printer can reproduce the colors from the oral scan."
The DentaJet series powered by PolyJet™ technology is unlocking new applications such as monolithic full-color dentures with Stratasys’ TrueDent™ solution, which the company announced for the U.S. market earlier this year. Ronen Lebi, Vice President of Dental at Stratasys, said, “DentaJet printers are proving ideal for dental applications, given the complex geometries and variety of materials required. With its robust catalog of strengths spanning unrivalled accuracy to superior color realism, the technology not only unlocks important advantages across various applications, but crucially provides a versatility that is critical in any modern, competitive and fast-paced dental environment. We’ve paired these printers with a seamless digital workflow that ensures dental labs quickly see the business benefits while better serving their own customers; that’s why we’re seeing such rapid adoption around the world.”
About Stratasys
Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for aerospace, automotive, consumer products, healthcare, fashion and education industries. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care.
To learn more about Stratasys, visit www.stratasys.com, the Stratasys blog, Twitter, LinkedIn, or Facebook. Stratasys reserves the right to utilize any of the foregoing social media platforms, including the Company’s websites, to share material, non-public information pursuant to the SEC’s Regulation FD. To the extent necessary and mandated by applicable law, Stratasys will also include such information in its public disclosure filings.
Stratasys, PolyJet, J3, J5, and DentaJet are trademarks or registered trademarks of Stratasys Ltd. and its affiliates. All other trademarks are the property of their respective owners, and Stratasys assumes no responsibility with regard to the selection, performance, or use of these non-Stratasys products.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230802256149/en/
Stratasys Corporate &
North America
Chris Reese
chris.reese@stratasys.com
+1 651-357-0877
Investor Relations
Yonah Lloyd
yonah.lloyd@stratasys.com
+972-74-745-4919
Europe, Middle East, & Africa
Jonathan Wake / Samantha White,
Incus Media
stratasys@incus-media.com
+44 1737 215200
Israel
Rosa Coblens
rosa.coblens@stratasys.com
+852-9189-7273
Source: Stratasys Ltd.
abrooklyn
2年前
Nano Dimension Intends to Discontinue its Stratasys Special Tender Offer and Withdraw Director Nominees for Stratasys Board
Source: GlobeNewswire Inc.
Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension” or “Nano”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, today announced the cessation of its efforts to deliver the best present alternative for value creation for Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”) shareholders through its $25 per share all-cash special tender offer and efforts to replace Stratasys’ entrenched board of directors.
Yoav Stern, Chairman and CEO of Nano Dimension, commented: “We began our efforts to structure a friendly transaction with Stratasys with a clear focus on generating value for both companies’ shareholders. While we continue to believe that a combination of our companies has both strategic and financial merit – particularly given our offer provides far more certainty and guaranteed immediate $25 per share all-cash value, better than any other alternative currently available to Stratasys shareholders – this idea was rejected by an entrenched Stratasys board intent on manipulating the facts and preventing its shareholders from making their own decisions regarding our offer. We believe that our efforts to convince a sufficient number of Stratasys’ shareholders that their entrenched board will continue its track record of leading the company toward new disasters has fallen short.”
Mr. Stern added, “Most of the investors of Stratasys have clearly indicated to us that the potential overhang of the shareholder rights plan (“poison pill”) makes tendering their shares too risky, in spite of our superior $25 all-cash per share offer. The Stratasys board’s stance makes it clear that the poison pill is there to stay and will continue to block shareholders from having an opportunity to tender their shares. Furthermore, a timely declaratory judgment regarding the poison pill by the Israeli Court – thanks to Stratasys’ request of the Judge – will not occur until late in this fall, long after the expiration of Nano’s special tender offer. Finally, replacing a majority of Stratasys’ entrenched board will not be achievable. Taking all this into account, we intend to “stand down” on Stratasys. We shall continue with our alternative active M&A plans.”
Mr. Stern concluded, “We intend to review our investment in Stratasys, including a possible sale of all our existing 14.1% holdings in the open market. We see significant alternatives ahead in a highly fragmented industrial markets’ landscapes, and we expect to leverage the strength of our financial position and growth product & technologies in AME, AM, Materials, Ink Services and Additive Electronics as we pursue our backlog of M&A opportunities and expect to maintain the organic growth (approximately 50% over the last 4 quarters) and drive shareholder value.”
Special Tender Offer Expiration
As indicated at the outset of Nano Dimension’s special tender offer, one of the conditions required to close the special tender offer is the redemption or termination of the poison pill. Unfortunately, the Stratasys Board has continued its track record of entrenchment and refuses to remove or terminate the poison pill or otherwise render it inapplicable to the special tender offer, thereby denying Stratasys shareholders the ability to decide the best path forward for their investment based on the merits of Nano’s compelling offer. Nano does not expect the conditions of the special tender offer will be met and Nano does not expect to waive such conditions to accepting tendered shares. Nano does not intend to further extend the special tender offer period.
Withdrawal of Nano Nominees for Stratasys’ Board
Further, Nano’s decision to nominate directors to the Stratasys Board was tied directly to its efforts to seek redemption of the poison pill to clear a path for Stratasys shareholders to realize significant value for their Stratasys shares through the $25 per share all cash special tender offer and ultimately combine the companies. Given the Stratasys Board continues to act out of self-preservation and refuses to remove or terminate the poison pill, thereby effectively preventing Nano’s special tender offer, Nano believes it is no longer practical to pursue the election of its nominees to the Stratasys Board and Nano is withdrawing its nominees.
Important Information About the Special Tender Offer
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any ordinary shares of Stratasys or any other securities, nor is it a substitute for the tender offer materials described herein. A tender offer statement on Schedule TO, including an offer to purchase, a related letter of transmittal and other tender offer documents, was filed with the SEC by Nano Dimension on May 25, 2023, as subsequently amended and supplemented. Stratasys filed with the SEC a solicitation/recommendation statement on Schedule 14D-9, as required by the tender offer rules, on May 30, 2023, as subsequently amended.
INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ BOTH THE TENDER OFFER MATERIALS (INCLUDING THE OFFER TO PURCHASE, RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 REGARDING THE OFFER, AS THEY MAY BE AMENDED FROM TIME TO TIME, BECAUSE THEY CONTAIN AND WILL CONTAIN IMPORTANT INFORMATION THAT INVESTORS AND SECURITY HOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SECURITIES.
Investors and security holders may obtain a free copy of the offer to purchase, the related letter of transmittal, certain other tender offer documents and the solicitation/recommendation Statement and other documents filed with the SEC at the website maintained by the SEC at www.sec.gov or by directing such requests to Georgeson LLC, the information agent for the tender offer, named in the tender offer statement. In addition, Stratasys files annual reports, interim financial statements and other information, and Nano Dimension files annual reports, interim financial statements and other information with the SEC, which are available to the public at the SEC’s website at www.sec.gov. Copies of the documents filed with the SEC by Stratasys may be obtained at no charge on the investor relations page of Stratasys’ website at www.stratasys.com. Copies of the documents filed with the SEC by Nano Dimension may be obtained at no charge on the investor relations page of Nano Dimension’s website at www.nano-di.com.
About Nano Dimension
Nano Dimension’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices - on demand, anytime, anywhere.
Nano Dimension’s strategy is driven by the application of deep learning-based AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud.
Nano Dimension serves over 2,000 customers across vertical target markets such as aerospace & defense, advanced automotive, high-tech industrial, specialty medical technology, R&D and academia. The company designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics are manufacturing machines that enable the design and development of High-Performance-Electronic-Devices (Hi-PED®s). Additive Manufacturing includes manufacturing solutions for production of metal, ceramic, and specialty polymers-based applications - from millimeters to several centimeters in size with micron precision.
Through the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of additive manufacturing.
For more information, please visit www.nano-di.com .
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Nano Dimension is using forward-looking statements in this press release when it discusses: the timing and expiration of the special tender offer; its belief that at least one of the conditions of the special tender offer will be not be fulfilled prior to the scheduled expiration time of the special tender offer and it does not expect to waive such condition; its intention to not further extend the special tender offer; and its plans to continue to pursue industry consolidation transactions. Because such statements deal with future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties. Actual results, performance, or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 30, 2023, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third-party websites.
NANO DIMENSION INVESTOR RELATIONS CONTACT
Investor Relations | ir@nano-di.com
NANO DIMENSION MEDIA CONTACT
Kal Goldberg / Bryan Locke / Kelsey Markovich | NanoDimension@fgsglobal.com
tw0122
2年前
Stratasys also notes that 3D Systems has added for the first time that their public proposal of July 13, 2023 is also their “best and final proposal” as to the form and amount of merger consideration. 3D Systems does not state whether that was the case on July 13, 2023, whether, when or why their thinking as to negotiation has changed. Regardless of 3D Systems’ changing pronouncement and tactics, the Stratasys Board will evaluate any and all proposals holistically, taking into account the necessary due diligence and analysis, including regulatory analysis. If 3D Systems is serious about achieving a combination with Stratasys, the path forward lies with cooperation and transparency and not distorted public statements.
Once 3D Systems provides the requested due diligence information, the Stratasys Board expects to be in a position to make a determination as to whether the July 13, 2023 proposal, or any further revised and improved proposal, made by 3D Systems, represents a Superior Proposal, as defined in the merger agreement with Desktop Metal.
In that regard, Stratasys and its Board of Directors expect that 3D Systems will engage constructively with Stratasys as part of the Stratasys Board’s efforts to maximize value for all Stratasys shareholders.
As previously announced on May 25, 2023, Stratasys entered into a merger agreement with Desktop Metal, pursuant to which Desktop Metal agreed to combine with Stratasys in an all-stock transaction. Stratasys remains bound by the terms of the Desktop Metal merger agreement. Stratasys’ Board has not determined that 3D Systems’ July 13, 2023 revised proposal in fact constitutes a Superior Proposal as defined in the merger agreement with Desktop Metal, and the Stratasys Board has not changed its unanimous approval, recommendation and declaration of advisability of the transaction with Desktop Metal. Stratasys will continue to abide by all of the terms and provisions of the Desktop Metal merger agreement.
fung_derf
2年前
They are definitely NOT the leader
Key Competitors
COMPUTER HARDWARE
Name Consolidated Market Cap
- Current (MM) Sales
- Last Twelve Months (MM) EBITDA
Margin - Last Twelve Months Enterprise Value/EBITDA
- FY1
3d Systems Corporation 1,204.04 526 - -768.1
Zebra Technologies Corporation 15,562.3 5,754 - 14.7
Hp Inc 31,974.55 56,206 7.8 7.5
Flex Ltd 12,493.77 31,273 5.5 6.7
Barco Nv 2,303.61 1,279 12.0 11.9
Voxeljet Ag 14.98 30 -26.6 -2.7
Ultra Clean Holdings, Inc. 1,595.29 2,244 7.0 11.9
Stratasys Ltd 1,393.06 637 - 28.7
Currency: USD Defined by Refinitiv proprietary algorithm
Source: Refinitiv, IBES
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Monksdream
8月前
