MINNEAPOLIS & REHOVOT, Israel — (BUSINESS WIRE) — November 25, 2014 — Stratasys Ltd. (Nasdaq: SSYS), a leading global provider of 3D printing and additive manufacturing solutions, today announced the company has joined the PTC® PartnerAdvantage™ Program at the Platinum Tier to create integrated, collaborative solutions that enable PTC Creo® design software users to optimize their designs and streamline workflows for Stratasys 3D printing solutions.
PTC Inc. enables manufacturers to achieve a sustained product and service advantage. PTC technology solutions help customers transform the way they create, operate and service products across the entire product lifecycle – from conception and design to sourcing and service. The PTC PartnerAdvantage Program is PTC’s technology partner program for complementary hardware and software companies.
Stratasys and PTC share a vision of enabling optimized design for additive manufacturing and helping enterprise customers reap the benefits of production using additive manufacturing. The two companies will participate in joint technical, educational and go-to-market activities that will increase the synergy and accessibility between PTC’s design software and Stratasys’ complete line of 3D printing solutions. Key customer use cases include prototyping, manufacturing tools, temporary parts, and end-use parts. Designers, engineers, and manufacturers may benefit from efficient, accurate and user-friendly design-to-print workflows, and be able to create lighter and stronger products that have been designed and optimized with additive manufacturing in mind.
“PTC is excited about collaborating with Stratasys to help transform the way our joint customers create great products,” said Michael Campbell, Executive Vice President – CAD Segment, PTC Inc. “Our shared vision will not only support our customers as they embrace additive manufacturing but also allow them to exploit new technologies. Collaborating with Stratasys allows us to accelerate our ability to help customers create stronger, lighter, more differentiated products by truly optimizing their designs for 3D printing.”
“Working closely with our customers has shown us that there is a gap between design software programs and additive manufacturing technologies, which we are now bridging through key industry partnerships,” said Dan Yalon, Executive VP of Business Development, Marketing and Vertical Solutions at Stratasys. “We are therefore pleased to announce this collaboration between two industry leaders, which is designed to create a streamlined experience between PTC and Stratasys solutions. The tools and knowledge we will provide are aimed to allow our customers to save significant time, effort and resources throughout their design and manufacturing cycle and improve the quality of the final products.”
Stratasys Ltd. (Nasdaq: SSYS), headquartered in Minneapolis, Minnesota and Rehovot, Israel, is a leading global provider of 3D printing and additive manufacturing solutions. The company's patented FDM®, PolyJet™, and WDM™ 3D Printing technologies produce prototypes and manufactured goods directly from 3D CAD files or other 3D content. Systems include 3D printers for idea development, prototyping and direct digital manufacturing. Stratasys subsidiaries include MakerBot and Solidscape, and the company operates a digital-manufacturing service comprising RedEye, Harvest Technologies and Solid Concepts. Stratasys has more than 2,800 employees, holds over 600 granted or pending additive manufacturing patents globally, and has received more than 25 awards for its technology and leadership. Online at: www.stratasys.com or http://blog.stratasys.com
Stratasys and Objet are registered trademarks, and Objet500, Connex, PolyJet, are trademarks of Stratasys Ltd. and/or its subsidiaries or affiliates. PTC, Creo, and PartnerAdvantage are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and in other countries.
Note Regarding Forward-Looking Statements
The statements in this press release relating to Stratasys’ expectations of the benefits that it will receive from its partnership with PTC Inc., are forward-looking statements reflecting management's current expectations and beliefs. These forward-looking statements are based on current information that is, by its nature, subject to rapid and even abrupt change. Due to risks and uncertainties associated with Stratasys' business, actual results could differ materially from those projected or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: the risk that the benefits that Stratasys expects from the partnership will not materialize, or could be less, than Stratasys currently expects, due to technical or other unforeseen reasons and other risk factors more fully explained under the caption “Risk Factors” in Stratasys' most recent Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC) on March 3, 2014. Stratasys is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by the rules and regulations of the SEC.
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