(Cambridge,2019year9moon16day)Xaar (LSE: XAR), a global leader in the field of industrial inkjet technology, announced that Stratasys (NASDAQ: SSYS) has signed a contract with Xaar Group and plans to transfer all Xaar holdings to Stratasys (NASDAQ: SSYS). Its subsidiary, Xaar 3D Co., Ltd., has increased its shares from 15% to 45%, while Xaar will retain the remaining 55% of the shares. In addition, under the agreement, Stratasys can also choose to acquire all remaining shares of Xaar 3D. The transaction is subject to approval by Xaar Group shareholders.
This strategic investment by Stratasys aims to promote Xaar 3D Co., Ltd. to accelerate the development of additive manufacturing solutions based on high-speed sintering technology. These programs are designed for low-to-medium-volume end parts, and are mainly used in the industrial field.In July 2018, Xaar and Stratasys announced the establishment of Xaar 3D Co., Ltd. together. The purpose of establishing this joint venture is to develop additive manufacturing solutions based on high-speed sintering processes for Stratasys and bring them to the market.
“Xaar 3D Co., Ltd. has huge potential. We look forward to continuing to develop deeper cooperation with Stratasys to realize the full potential of Xaar 3D. I am very pleased that this transaction will bring good benefits to Xaar shareholders, and in due course Create greater value.” Sayer CEO Doug Edwards said.
“Xaar 3D has made significant progress in the past year. We believe that additional investment in Xaar 3D’s innovative high-speed sintering solutions can bring greater value to Stratasys. We look forward to continuing to develop this technology with Xaar , And believe that combining the expertise of both parties will help to tap the huge potential of this technology.” said Omer Krieger, Executive Vice President of Stratasys Products: “Our company’s strategy is to
Other innovative companies establish partnerships, invest in them, and combine our own strong R&D capabilities to develop new products and capabilities to create new value for our customers. “
About Cel
Xaar is a global leader in inkjet technology research and development and industrial-grade piezoelectric drop-on-demand print head manufacturing. Xaar also develops and provides ink supply systems, electronic drive components and liquid optimization services to promote the development and application of inkjet printing systems.
In addition to print heads, Xaar also designs and produces industrial-grade printing systems, such as direct product printing and industrial3D printingmachine. Xaar has more than 25 years of experience in inkjet technology research and development.The print head is equipped with multiple patented technologies, whether it is in decorative pattern printing, spray covering functional coating, or adding three-dimensional texture structure modeling, it brings unparalleled performance for many different industrial and consumer products. At present, major manufacturers in the fields of ceramic tiles, wide-format printing, label and finished product direct packaging printing, decorative laminate flooring, etc. have chosen to use Xaar print heads because they are extremely accurate and have outstanding versatility. And incredible reliability, it is also suitable for high-output inkjet printing production process in design.
aboutStratasys
Stratasys is a global additive manufacturing (3D printing) The technology leader is FDM® and PolyJet™3D printingThe manufacturer of the machine. The company produces prototypes, manufacturing tools and parts for industries such as aerospace, automotive, medical, consumer goods, and education. For 30 years, Stratasys products have helped manufacturers shorten product development time and time to market, reduce manufacturing costs, and reduce or eliminate mold costs and improve product quality. Stratasys 3D printingThe ecosystem of expertise and solutions includes3D printingMachines, materials, software, expert services and on-demand parts production.
(Editor in charge: admin)
0 Comments for “Stratasys plans to increase its strategic investment in Xaar 3D”