We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Stratasys' (SSYS) New Fortus Solution to be Adopted by WTM
Read MoreHide Full Article
Stratasys Ltd. (SSYS - Free Report) 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. (BA - Free Report) , 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, which operates in the energy sector, and Ford Motor Company (F - Free Report) , 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 Computer-Peripheral Equipment industry in the year-to-date (YTD) period. The stock returned approximately 44.7% YTD, outperforming the industry’s gain of 28.9%.
The stock has witnessed upward estimate revisions in the last 30 days and has a long-term EPS growth rate of 18.8%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Stratasys' (SSYS) New Fortus Solution to be Adopted by WTM
Stratasys Ltd. (SSYS - Free Report) 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. (BA - Free Report) , 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, which operates in the energy sector, and Ford Motor Company (F - Free Report) , 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 Computer-Peripheral Equipment industry in the year-to-date (YTD) period. The stock returned approximately 44.7% YTD, outperforming the industry’s gain of 28.9%.
Stratasys currently has a Zacks Rank #2 (Buy). Another top-ranked stock in the broader technology sector is Applied Optoelectronics Inc. (AAOI - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The stock has witnessed upward estimate revisions in the last 30 days and has a long-term EPS growth rate of 18.8%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>