EDEN PRAIRIE, Minn. & REHOVOT, Israel - Stratasys Ltd. (NASDAQ: NASDAQ:SSYS), a leader in additive manufacturing, has introduced a new Direct-to-Garment (D2G) solution for its J850 TechStyle printer, part of its 3DFashion technology line. The company announced the launch today, with the first application being an Urban Tattoo denim collection set to be unveiled at the Texprocess exhibition in Frankfurt, Germany on April 23.
The D2G technology allows for full-color, multi-material 3D printing directly onto fully assembled garments, including denim, cotton, polyester, and linen. This innovation offers fashion brands the ability to create personalized and bespoke designs, catering to individual preferences, sizes, and styles.
Stratasys' Senior Vice President Commercial Solutions, Zehavit Reisin, emphasized the potential for brands to infuse more character into their clothing lines while adopting sustainable business practices that resonate with consumers.
The D2G tray kits are available in two sizes, supporting the personalization of various garment types and sizes, from jeans to jackets. This technology aims to reduce material waste and streamline the production process.
The Urban Tattoo collection, resulting from collaboration with renowned designers such as Karim Rashid and Travis Fitch, transforms everyday garments into unique pieces of wearable art. According to Stratasys Creative Director Naomi Kaempfer, the collection adds layers of stories and symbolism to garments, enhancing the emotional connection between the clothing and its wearer.
Stratasys' approach to Mindful Manufacturing aligns with the current trend towards more sustainable fashion, as the company leverages its 3D printing technology to minimize the environmental impact of fashion production.
Stratasys has a reputation for advancing additive manufacturing with its 3D printing solutions, serving various industries from aerospace to healthcare. The company's innovative technologies are designed to provide competitive advantages throughout the product value chain.
This announcement is based on a press release statement from Stratasys Ltd.
InvestingPro Insights
As Stratasys Ltd. (NASDAQ: SSYS) continues to innovate in the realm of additive manufacturing, particularly with its foray into the fashion industry through its new Direct-to-Garment (D2G) solution, investors and industry observers are closely monitoring the company's financial health and market performance. The latest data from InvestingPro provides a snapshot of Stratasys' current financial position and market sentiment.
InvestingPro Data shows Stratasys with a market capitalization of approximately $694.02 million, as the company navigates through a challenging period with a negative P/E ratio of -5.48, reflecting the company's current lack of profitability. Despite this, the company's gross profit margin remains strong at 44.53%, indicating a robust underlying business in the last twelve months as of Q4 2023.
An InvestingPro Tip highlights that Stratasys holds more cash than debt on its balance sheet, which is a positive sign of financial stability and could provide the company with the flexibility to invest in new technologies and market opportunities such as the D2G solution. Additionally, the company is trading near its 52-week low, which might be of interest to value investors looking for potential growth opportunities.
For those looking to delve deeper into Stratasys' financials and future prospects, InvestingPro offers additional insights and metrics. There are currently 6 more InvestingPro Tips available, providing a comprehensive analysis of the company's performance and expectations. Interested readers can explore these insights by visiting https://www.investing.com/pro/SSYS and may use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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