Advertisement
Canada markets closed
  • S&P/TSX

    22,167.03
    +59.95 (+0.27%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CAD/USD

    0.7384
    -0.0002 (-0.03%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • Bitcoin CAD

    95,464.92
    -426.52 (-0.44%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • RUSSELL 2000

    2,124.55
    +10.20 (+0.48%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • NASDAQ

    16,379.46
    -20.06 (-0.12%)
     
  • VOLATILITY

    13.01
    0.00 (0.00%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • CAD/EUR

    0.6836
    -0.0007 (-0.10%)
     

3D Systems Unveils Version 13 of Cimatron Tooling Software

3D Systems Corporation DDD recently unveiled a revamped version of its Cimatron software that will help design and manufacture molds, dies and discrete parts. This enhanced product reflects one of the company’s five-pronged long-term strategies of offering an integrated 3D authoring solutions platform, including software, perceptual devices and tools, to maximize growth.

An integral part of 3D Systems’ end-to-end solutions, Cimatron, boasts a loyal customer base and has garnered a solid reputation among clients for optimizing workflow. The recently launched version will significantly maximize productivity and minimize overhead costs in the digital manufacturing workflow. It is also packed with features like new CAD for tooling functionalities, new mold-design applicative tools, plate machining solution, electrode mirroring tools and hybrid design environments, and improved NC programming capabilities and so on.

Cimatron 13 has already been beta tested by a one-source solution provider Bastech. The preliminary results confirm that this software saves 70% on mold design time, 14% on injection cycle time and 16% on mold costs. With intensified competition in tool shops, 3D Systems believes that its latest offering will gain solid traction as it drastically reduces delivery time without compromising on quality.

3D SYSTEMS CORP Price

3D SYSTEMS CORP Price | 3D SYSTEMS CORP Quote

ADVERTISEMENT

3D Systems is currently pursuing a growth strategy that essentially focuses on five strategic initiatives. Apart from offering the integrated 3D authoring solutions platform, the other strategies include the expansion of quickparts services, acceleration of 3D printer penetration through channel expansion, introduction of new products and enhancement of 3D printing materials, and offering healthcare solutions applications. We believe that the company’s initiatives coupled with the encouraging 3D printing prospects, which is poised to grow at a compound annual growth rate (CAGR) of 44% from 2014 to 2019 as per a Canalys report, bodes well for the company’s long-term growth.

3D Systems currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Mercury Systems, Inc. MRCY, Key Tronic Corp. KTCC and Stratasys Ltd. SSYS. While Mercury Systems and Key Tronic Corp sport a Zacks Rank #1 (Strong Buy), Stratasys holds a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
MERCURY SYSTEMS (MRCY): Free Stock Analysis Report
 
STRATASYS LTD (SSYS): Free Stock Analysis Report
 
3D SYSTEMS CORP (DDD): Free Stock Analysis Report
 
KEY TRONIC (KTCC): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research