3D Systems shares surge 10% on Daimler partnership
3D Systems shares surge on new Daimler collaboration
Shares of 3D Systems jumped 10% following the announcement of a strategic partnership with Daimler Truck | Daimler Buses.
The collaboration will decentralize the production of spare parts using 3D printing technology, significantly enhancing vehicle uptime and transforming spare part manufacturing and distribution, reports Investing.com.
The partnership combines 3D Systems' expertise in additive manufacturing with Daimler Buses' experience in production and maintenance. This collaboration allows Daimler to produce spare parts on-demand through a network of certified 3D printing partners.
Key Technologies and Benefits
The solution utilizes 3D Systems SLS 380 printer, Oqton’s software, and Wibu-Systems digital rights management. This combination will enable Daimler Buses to enhance service capabilities while safeguarding intellectual property.
Service providers and bus companies can join the network by purchasing a licence for 3DXpert through Daimler's Omniplus 3D-Printing Licence eShop, allowing them to produce customized parts for specific repairs.
Ralf Anderhofstadt, head of additive manufacturing at Daimler Truck and Buses, emphasized that the solution would shorten service times and simplify supply chains. Jaime Garcia from 3D Systems highlighted the efficiency improvements and resilience that the technology offers.
The partnership aligns with the growing trend in the automotive sector, where the additive manufacturing market is expected to grow from $2.9 billion in 2022 to $7.9 billion by 2027.
This partnership demonstrates 3D Systems role in revolutionizing the additive manufacturing sector within the transportation industry, offering cost reduction and efficiency improvements to manufacturers while reshaping how spare parts are produced and distributed.
Additionally, Burberry’s third-quarter trading statement revealed stronger-than-expected results, leading to a more than 15% jump in its share price on Friday.
