Stratasys Ltd. (Stratasys) operates in polymer-based 3D printing solutions, which it provides at every stage of the product life cycle, with multiple technologies and complete solutions for superior application fit, across industrial, healthcare and consumer fields.
The company focuses, in particular, on polymer 3D printing solutions that address the fastest-growing manufacturing solutions, which it views as the biggest potential growth opportunity in the 3D printing industry.
The company’s ap...
Stratasys Ltd. (Stratasys) operates in polymer-based 3D printing solutions, which it provides at every stage of the product life cycle, with multiple technologies and complete solutions for superior application fit, across industrial, healthcare and consumer fields.
The company focuses, in particular, on polymer 3D printing solutions that address the fastest-growing manufacturing solutions, which it views as the biggest potential growth opportunity in the 3D printing industry.
The company’s approximately 2,300 granted and pending additive technology patents currently held (in addition to many others previously held) have been used to create models, prototypes, manufacturing tools, and production parts for a multitude of industries, including aerospace, automotive, transportation, healthcare, consumer products, dental, medical, fashion, and education. The company’s products and comprehensive solutions improve product quality, development time, cost, time-to-market, and patient care. The company’s additive manufacturing ecosystem of solutions and expertise includes materials, software, expert services, and on-demand parts production.
In recent years, the company has expanded its leadership through innovation in the fast-growing mass production parts segment through its next-generation photopolymer platform. The company’s pioneering approach to additive manufacturing of end-use parts enables it to serve a large market with manufacturing-grade 3D printers, utilizing P3 Programmable PhotoPolymerization technology, which precisely controls light, heat, and force, among other variables, to produce parts with exceptional accuracy and consistency, and unique production-grade properties.
The company has also introduced its Neo line of systems to the global market, which feature dynamic laser beam technology that enables build accuracy, feature detail, and low variability across the full extent of a large build platform. As an open resin system, the Neo products provide customers with materials that have a wide range of properties, such as chemical resistance, heat tolerance, flexibility, durability, and optical clarity, and can produce large parts, providing a significant build area in a small footprint.
Similarly, the company has accelerated its growth in production-scale 3D printing, having introduced the Stratasys H350 3D printer, the first system powered by Xaar’s powder-based SAF technology, which is designed to deliver cost-competitive parts at production-level throughput. H Series Production Platform printers, such as the H350, are designed to deliver part quality, consistency, and reliability for high production yield, utilizing a uniform thermal experience for all printed parts, regardless of their placement in the build, representing a significant improvement over traditional powder-bed fusion processes.
In April 2023, the company purchased the assets of Covestro’s additive manufacturing materials business, including all of the SOMOS photocurable liquids portfolio. The materials, IP portfolio, and talent acquired from Covestro have helped the company address new applications in key technology categories, such as stereolithography, P3/DLP, and powder bed fusion, including SAF technology.
In March 2024, the company acquired Arevo’s technology portfolio, including its intellectual property, or IP, estate, which includes multiple foundational patents in carbon fiber printing, Z-strength improvement achieved by localized laser melting and roller compaction, in-situ and AI build monitoring, and hardware design. Adoption of this technology in the company’s FDM print systems enables it to extend its addressable manufacturing applications for its customers.
The company now offers a broader range of systems, consumables, and services for additive manufacturing. The company’s wide range of solutions, based on its proprietary 3D printing technologies and materials, enhances the ability of designers, engineers, and manufacturers to visualize and communicate product ideas and designs; verify the form, fit, and function of prototypes; manufacture tools, jigs, fixtures, casts, and injection molds used in the process of manufacturing end products; manufacture customized and short-to-medium-run end products more efficiently, with greater agility, and more sustainably; and produce objects that could not otherwise be manufactured through subtractive manufacturing methodologies.
The company provides products and services to its global customer base throughout its offices in North America and internationally, including Baden-Baden, Germany; Shanghai, China; and Tokyo, Japan, as well as through its worldwide network of over 130 resellers and channel partners who are exclusive to the company and its additive manufacturing technologies.
Solutions
Range of solutions
The company provides integrated solutions throughout the production cycle for designers, engineers, manufacturers, dental, and medical professionals, including compatible products and services designed for its customers’ use to effectively solve their specific application needs. The company’s solutions consist of 3D printing systems, consumables, software, paid parts, and professional services, and encompass everything from prototyping and design all the way through production.
The company’s solutions allow its end-users to print 3D models and parts that enhance their ability to visualize, verify, and communicate product designs, thereby improving the design, development, and validation processes and reducing time-to-market. The company’s systems create visual aids for concept modeling and functional prototyping to test fit, form, and function, permitting rapid evaluation of product designs. Using presentation models developed with its systems, designers and engineers can typically conduct design reviews and identify potential design flaws earlier in the process, and make improvements before incurring significant costs due to re-tooling and rework, allowing them to optimize a design much more rapidly and cost-effectively.
The company’s systems aid in the communication of ideas otherwise communicated in abstract or 2D media. For example, physicians use visually and/or biomechanically accurate 3D printed Stratasys models to plan surgical procedures. A model produced with the company’s systems may be used as a sales tool, as a model or part display, or simply for use in conducting a focus group. It may also be used for accelerated collaboration in product design and manufacturing cycles at multiple locations, enabling visualization and tactile response, which can be critical to product development or the sales process.
The company’s solutions also empower end-users to quickly and efficiently deploy parts to incorporate into their manufacturing process and improve its effectiveness while at the same time lowering costs. For instance, the company’s solutions enable the production of manufacturing aids and tools, such as jigs, fixtures, casts, and injection molds, aiding in the production and assembly process. These solutions are often faster to produce than through traditional methods, and frequently cost less. Materials like nylon carbon fiber enable these printed products to be both exceptionally strong and lightweight.
Additive manufacturing of end-use parts, using the company’s solutions, is a growing focus of its offerings to customers, and is attractive in applications requiring fast, short-run, or low-mid-volume parts where tooling would not be cost-efficient. The company’s solutions enable the production of objects that generally could not otherwise be manufactured through subtractive manufacturing methodologies.
In addition, the company’s solutions enable doctors to train and plan medical procedures based on medical models created by its printers, as well as create surgical guides to support complex surgeries. In the dental space, its PolyJet solutions enable dental labs to create dental and orthodontic, patient-specific models and guides, including permanent dentures and temporary crowns and bridges, as well as devices for various applications, based on digital dentistry workflows.
The company’s solutions offerings are characterized by the following distinguishing qualities: material properties of printed objects, such as heat resistance, toughness, brittleness, elongation-to-break, color, and flexibility; quality of printed objects measured by, among other things, resolution, accuracy, and surface quality; consistency of produced parts in a run or batch; multiple production-grade modeling materials; reliability of printing systems; fast time to part; efficiency of operations with software workflows; customer service; ease of use; and automatic, hands-free support removal and minimal post-processing.
Range of technologies and differentiating factors
The company’s solutions are driven by its proprietary technologies, which it has both developed organically and acquired over time through targeted acquisitions. The company holds approximately 2,300 patents and pending patents internationally, and its 3D printing systems utilize its patented extrusion-based FDM, inkjet-based PolyJet, powder-bed-based SAF, photopolymer-based P3, and Neo stereolithography technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.
FDM: A key attribute of the company’s FDM 3D printing technology is its ability to use a variety of production-grade thermoplastic materials featuring surface resolution, chemical and heat resistance, color, and mechanical properties necessary for the production of functional prototypes and parts for a variety of industries with specific demands and requirements. The use of these materials also enables the production of highly durable end parts and objects with soluble cores for the manufacture of hollow parts, the manufacture of which was previously dependent on slower and more expensive subtractive manufacturing technologies.
PolyJet: The company’s inkjet-based 3D printing technology stands out for its scalability, high-resolution output, multi-material capabilities, and full-color printing down to the voxel level—all within both an industrial or office environment. PolyJet 3D printers produce smooth, high-resolution models that closely resemble final product designs. The company provides a variety of resins, including rigid, flexible, medical-grade, and bio-compatible materials. PolyJet enables the simultaneous deposition of multiple materials, allowing single-build prints with diverse mechanical and physical properties. Users can create objects featuring both rigid and flexible parts, or mix base colors to achieve specific tones. The technology supports over 500,000 color and texture combinations, including Pantone Validated colors and clear materials that are nearly as transparent as glass. In 2022, the company launched PolyJet solutions with 3DFashion technology for apparel, followed by FDA-cleared dental parts using TrueDent resin in 2023. In July 2024, the company introduced the J5 Digital Anatomy Printer, further enhancing its medical systems offering for improved accessibility in medical care settings.
Stereolithography: The company’s stereolithography technology enables the production of high-quality, durable parts that meet the requirements of a wide range of applications, as well as additive manufacturing prototypes and tools. Industrial stereolithography systems are well-established in the 3D printing industry for applications, such as large prototypes, tooling, investment casting patterns, and orthodontic clear aligner molds. They provide quality surface finish, large build sizes, a fast time to print, and an affordable cost per part. The company’s latest acquisition of the Covestro Additive Manufacturing business unit in April 2023 completed its stereolithography offering with the strong Somos materials portfolio for stereolithography printers. Somos materials are widely known and appreciated for their mechanical properties, printing performance, high quality, and repeatable builds. These materials, along with the company’s Neo systems offering, will provide an attractive and differentiated offering over the current stereolithography solutions in the market.
P3: The company’s P3 resin-based 3D printing technology, acquired through Origin, offers excellent detail, mechanical properties, and throughput for production. The company has a strong materials portfolio, including aerospace-grade flame-resistant and biocompatible materials from Forward AM, Henkel, and Evonik. The P3 platform supports Preferred, Validated, and Open materials via the company’s Open Materials Library (OML) license, providing access to a wide range of tested and optimized materials. It is software-based, cloud-connected, and uses GrabCAD Print for streamlined workflows. In September, the company introduced the next generation of Origin printers – Origin Two, which delivers top-tier accuracy, precision, repeatability, and enhanced reliability and safety. These innovations and the company’s robust materials portfolio will drive adoption among industrial production customers.
SAF: SAF Selective Absorption Fusion technology was developed via the company’s joint venture with Xaar plc, Xaar 3D Ltd., which it acquired in 2021. SAF is an industrial-grade additive manufacturing technology designed to deliver production-level throughput for end-use parts. Representing the culmination of more than 10 years of research and development, SAF-based 3D printers can deliver a competitive cost per part, with the part quality, consistency, and reliability that ensures satisfaction and high production yield. The SAF technology uses a counter-rotating roller to coat powder bed layers onto a print bed and prints absorber fluid to image the part layers. The imaged layers are fused by passing an infrared lamp over the entire span of the print bed. SAF technology executes these key process steps in the same direction across the print bed to provide a uniform thermal experience—and therefore part consistency—for all printed parts, regardless of their placement in the build. H Series 3D printers use SAF materials developed by leading third-party materials providers, including PA11, which is derived from sustainable castor oil, and PA12, which is stiffer than PA11 and is ideal for applications where rigidity is important. The company also plans to develop SAF materials internally as a result of its acquisition of Covestro Additive Manufacturing.
The company’s consumable materials consist of over 61 FDM spool-based filament materials, over 50 PolyJet cartridge-based resin materials, PolyJet materials can be combined digitally and yield a large variety of digital materials that reflect over 500,000 color variations, transparency, opacity, and flexibility levels.
Growth Strategy
The company is guided by its ‘North Star’ strategy, pursuant to which it is initially focused on providing a complete offering of polymers, which it views as the biggest potential profit pool in the industry, and after which it intends to expand to metals. At the heart of the company’s strategy lies the development of end-to-end solutions tailored to specific manufacturing applications and use cases.
The key elements of the company’s strategy for growth are offering a full suite of all five polymer technologies; having the industry's most extensive materials portfolio, enabling it to address various applications effectively; adding more value through software, both from its partners and itself; possessing deep application engineering experience; possessing an unmatched Go-to-Market infrastructure; having a resilient business model designed to scale as opportunities present themselves; and collaborating closely with customers to devise tailored solutions and to accelerate the adoption of 3D printing technology.
Products and Services
Products
The company offers a dedicated suite of products for applications, such as rapid prototyping (RP), tooling, and manufacturing parts. The company’s products include 3D printing systems, consumable materials, software, paid 3D printed parts service, and support services.
Collectively, this portfolio of products offers a broad range of performance options for the company’s customers, depending on their application, the nature, and size of the designs, prototypes, and/or final parts desired. The company’s products are available at a variety of different price points and include entry-level desktop 3D printers, a range of mid-systems for prototyping and end-use parts production, and large production systems for additive manufacturing at scale. The company also offers a range of 3D printing materials. The performance of the company’s different systems varies in terms of capabilities, which are related to the following features: print speed; resolution; materials; resin cartridge capacity / filament spool size; maximum model (or tray) size; repeatability; and duty cycle, or the number of parts that a printer can produce over a given period of time without requiring maintenance.
The company’s systems are integrated with its software and are supported by services provided to its customers, both directly and through its reseller channel.
Printing systems
The company offers a series of printing systems that address the largest parts of the addressable market for polymer 3D printing.
The company’s 3D printing systems, which are based on its proprietary FDM-(Fused Deposition Modeling), PolyJet, P3, SAF, and stereolithography technologies, are described below:
FDM printers
Stratasys’ market-leading FDM portfolio of printers has exceeded a milestone of 35,000 installed printers. FDM printers are designed to meet a wide range of applications, from prototyping to manufacturing tools, to production parts. The F170, F370, F770, F190CR, and F370CR models are designed to meet end-to-end prototyping and jigs & fixtures applications mainly. Whereas other larger-scale printers, like Fortus 450mc, F900, and F3300 models, largely suit the production of end parts, as well as higher requirement jigs & fixtures, and tooling.
The F Series printers enable prototypes that range from rapid, economically effective concept verification models in PLA material/ fast-draft mode, to advanced design validation prototypes using a 0.005-inch slice resolution and soluble support for unmatched precision, repeatability, and aesthetics. The F Series product line allows users to create parts in PLA, ABS plus, ASA, TPU, ABS-ESD, Diran, and PC-ABS materials, which parts therefore possess the strength required for true form, fit, and functional testing. The F Series printers are designed to enable ease of use and maintenance while offering an easy-to-use, yet rich user experience with GrabCAD Print software. In 2022, the company introduced the composite-ready F190CR and F370CR hardened printers that can print Nylon 10CF. These new printers meet customer demand for manufacturing floor jigs, fixtures, and tooling with a higher performance composite material. In 2024, the company premiered the F3300, which established a new standard in FDM industrial 3D printing, with up to twice the speed and throughput of standard fused deposition modeling 3D printers. The company has been shipping orders of the F3300 to leading companies in the automotive, aerospace, and defense industries, along with commercial and industrial manufacturers.
The Stratasys Fortus 450mc 3D printer builds high-performance parts in customary materials, but with advanced complexity and higher requirements needed for current-day production manufacturers. The Fortus 450mc printer has carbon-filled composites for functional prototypes, production parts, and rugged tooling. Additionally, an acceleration of material development—of Validated Materials—has significantly expanded the application set. Furthermore, an option to license the Stratasys OpenAM parameter generator allows users to unlock and tune new custom materials. These systems are run via easy-to-use interfaces and software controls, making them user-friendly in producing complex parts more efficiently.
The Stratasys F900 printer offers a streamlined workflow and easier job monitoring with an internal camera and GrabCAD Print software. Standard certifications are included, eliminating the effort and cost to qualify the 3D printer for the user’s production floor. Additionally, the Advanced Industrial Solution continues to qualify more materials, which allows a faster, simpler path for certifying additive manufactured parts for aerospace and transportation industry solutions.
PolyJet printers
The company’s PolyJet technology-based, high-end printing systems offer the ability to print multiple materials, including color printing in a single part build. The Stratasys J8 Series printers break restrictive technology barriers, enabling customers to print eight different materials at the same time with more than 500,000 different color shades and textures, including Pantone Validated colors, and multiple material properties—ranging from rigid to flexible, and opaque to transparent. They also 3D print concept models twice as fast as its previous generation printers, supported by a low-cost DraftGrey material. The J8 Series 3D printers support KeyShot 3D rendering software, enabling designers to save KeyShot designs directly in the new 3MF format and produce 3D printed models in a single day, when traditional modeling can take one to three weeks.
The J8 series of printers includes also the J850 TechStyle printer that allows 3D printing directly on different kinds of fabrics, enabling series productions in the fashion industry. With the J850 TechStyle, the company also offers its VeroEcoFlex range of materials developed for optimized performance on fabrics while meeting the fashion industry key sustainability standards (defined by leading companies in the industry).
Another industry-specific version of the J8 series is the Stratasys J850 Digital Anatomy printer that helps medical device companies optimize design throughout the product lifecycle. It 3D prints with GelMatrix resin, TissueMatrix resin, and BoneMatrix resin—three advanced materials which, when combined, form over 100 new, unique digital materials to suit anatomical applications. These materials, when used for 3D printing, produce medical models and anatomies that achieve a true-to-life feel and response. This includes both soft tissues, including organs and blood vessels as small as 1mm in diameter, as well as porous bone structures, fibrotic tissues, and ligaments. Recently, the company released an additional unique software tool to its medical offering, the Digital Anatomy Creator, allowing seamless creation of different anatomical structures by customizing specific biomechanical properties and color using the available materials. This is an advanced differentiated extension of the company’s GrabCAD software for medical users.
The company’s J55 Prime 3D Printer makes that same fast, full-color design realism accessible to designers and teams everywhere in an office-friendly format and smaller footprint. At about a third the price of J8 Series printers, the J55 utilizes five printer materials simultaneously, enabling nearly 400,000 colors or a variety of materials providing tactile, textual, and sensory capabilities. The company also introduced a complementary J35 Pro 3D printer in 2021, which is an all-in-one, multi-material desktop 3D printer for designers and engineers needing up to three materials. Like the J8 printers, both J55 and J35 printers support KeyShot 3D rendering workflow with 3MF file format.
The J55 and J35 3D printers are also available in several industry-specific versions for the Dental and Medical sectors. For Dental, the company has introduced the J5 DentaJet and the J3 DentaJet. The J5 DentaJet is the industry’s 3D printer able to accommodate mixed trays of dental parts, and in 2024, the company also launched the J5 DentaJet XL that supports higher throughputs and lower costs per part. The company has also recently launched its groundbreaking TrueDent Dentures solution for J5 DentaJet, which are FDA-cleared (class II) for dental appliances, including full and partial dentures. These unique materials enable batch production of highly aesthetic, monolithic, polychromatic dental appliances. The J3 DentaJet can produce mixed trays of various dental applications limited to three materials.
The medical industry-specific J55 versions are the J5 MediJet and the J5 Digital Anatomy printers. The J5 MediJet is designed to produce anatomic visual models and drilling and cutting guides that are sterilizable and biocompatible. The J5 Digital Anatomy printer was launched in 2024 and has similar capabilities to the J850 Digital Anatomy printer but in a compact accessible platform that supports five different resins.
Stereolithography printers
The company’s Neo line of industrial stereolithography 3D printers feature dynamic laser beam technology that enables build accuracy, feature detail, and low variability across the full extent of a large build platform. As an open resin system, the Neo products provide customers with materials that have a wide range of properties, such as chemical resistance, heat tolerance, flexibility, durability, and optical clarity, as well as low service requirements, reliability, and accurate builds. All Neo systems are Industry 4.0-ready with Titanium control software that includes a camera, network connectivity, supports remote diagnostics, and mid-build parameter customization. The printers can automatically email progress reports on the job. The Neo line of printers provides a significant build area in a small footprint, with simple day-to-day operation. The largest printer, the Neo800, features a 31.5 x 31.5 x 23.6 in. build volume. The Neo450s and Neo450e address customer needs for smaller printers, at 17.72 x 17.72 x 15.75 in. The company initiated sales of this line of systems following its acquisition of RPS in February 2021. Following the company’s acquisition of Covestro Additive Manufacturing business unit, which closed in April 2023, the company also offers the Somos materials portfolio for stereolithography printers. Somos materials range from easy-to-use general-purpose materials, like the WaterShed line, to high-performance stiff materials for tooling and wind tunnel applications, like the PerFORM line, to Bio-Compatible materials for different medical applications.
Origin P3 printers
The Origin 3D printers use P3 (Programmable PhotoPolymerization) technology to precisely control light, heat, and force, among other variables, to produce parts with exceptional accuracy and consistency. The company engages with a network of materials partners (like BASF, Henkel, Evonik, and Arkema), who work to develop a wide range of commercial-grade materials for this P3 system, resulting in some of the toughest and most resilient materials in additive manufacturing, as well as materials dedicated to specific applications that meet different industries’ standards. The Origin One printer and the range of available materials offer best-in-class printing technology based on digital light processing for production-oriented polymer applications and accelerates the company’s expansion into mass production additive manufacturing. In 2024, the company introduced the Origin Two printer that provides higher repeatability, accuracy, and consistency in parts production with a simplified printing workflow. Origin Two is matching injection molding precision, unavailable with other resin 3D printers, enabling short production runs and on-demand manufacturing for applications that require superior quality and high part performance.
SAF printers
At the end of 2021, the company began shipping the first SAF technology-based 3D printer, the H350, in the U.S. and Europe. Throughout 2023, the company shipped the H350 printer to wider territories, including Asia, Israel, and New Zealand. H Series Production Platform printers, such as the H350, are designed to give manufacturers production consistency, a competitive and predictable cost per part, and complete production control for volumes of thousands of parts. The H350 printer itself was manufactured with a dozen different 3D printed parts made with SAF technology. The printer is designed to meet the needs of customers in industries, such as commercial goods, automotive, and consumer goods and electronics that benefit from the ability to quickly produce large volumes of 3D-printed parts with compelling and predictable economics. The H350 provides several control features designed to ensure the system is production-ready. All build data is logged for process traceability and remains fully under the customer’s control. Materials can be controlled, tracked, and traced, and print settings can be fine-tuned for each customer’s needs. The company offers customers validated third-party materials, including PA11 and PA12. The company announced GrabCAD Print software for the H350 in late 2021.
Consumable Materials
The company sells a broad range of Stratasys proprietary 3D printing materials, consisting of over 61 FDM spool-based filament materials, 49 PolyJet cartridge-based resin materials, 41 hybrid photopolymer resins for SL and DLP, and four powder materials for PBF. These materials yield a large variety of digital materials that reflect over 500,000 color variations, transparency, opacity, and flexibility levels, for use in its 3D printers and production systems, and provide its customers with all the tools needed to meet their broad application needs. Various of the company’s printing materials are validated or certified in accordance with internationally recognized standards. The sale of these materials provides the company with a recurring revenue stream from users of the company’s 3D printers and production systems. In addition, in 2021, the company announced a new hybrid ecosystem model for materials, which also enables sales of differentiated third-party materials for use in Stratasys systems as well. This Stratasys Material Ecosystem is designed to enable manufacturing customers to address new applications with demanding requirements through accelerated access to leading industry materials. The ecosystem includes the following material categories:
Stratasys Preferred: Preferred by Stratasys for its customers for the highest-performance applications. These materials are engineered specifically for Stratasys printers to provide the best combination of material and printer performance and are developed either by Stratasys or third-party material partners. All currently available Stratasys-made materials are Stratasys Preferred.
Stratasys Validated: Materials validated by Stratasys with basic reliability testing to accelerate the expansion of material options available in the marketplace.
Open: Unvalidated materials accessible via an annual OpenAM Software License. These materials may offer unique attributes and the potential to address new applications, but they have not received validation testing or optimization on Stratasys printers.
FDM materials
The modeling and support filament used in the company’s FDM 3D printers and production systems features a wide variety of production-grade thermoplastic materials. The company continues to develop filament modeling materials that meet its customers’ needs for increased speed, strength, accuracy, surface resolution, chemical and heat resistance, color, and mechanical properties. These materials are processed into the company’s proprietary filament form, which is then utilized by its FDM systems. The company’s canister-based system has proven to be a significant advantage for its products because it allows the user to quickly change material by simply mounting the lightweight spool and feeding the desired filament into the FDM print and production devices. Currently, the company has a variety of build materials in multiple colors commercially available for use with its FDM technology.
PolyJet materials
The company’s resin consumables, which consist of its PolyJet family of proprietary acrylic-based photopolymer materials, enable users to create highly accurate, finely detailed 3D models and parts for a wide range of prototype development and customized manufacturing applications. The wide variety of resins within the PolyJet family is characterized by transparent, colored, or opaque visual properties and flexible, rigid, or other physical properties. Support materials that are used together with the model materials enable the 3D printing of models with a wide array of complex geometries. The company’s resin-based materials are produced in-house and are specially designed for its printing systems.
The company has invested significant research and development efforts in optimizing its PolyJet materials for use with inkjet technology. These efforts are reflected in the properties of these materials, which enable them to be packaged, stored, combined, and readily cured upon printing. The company’s PolyJet materials are packaged in cartridges for safe handling and are suitable for use in office environments. The polymerized materials can also be machined, drilled, chrome-plated, or painted in most cases.
Stereolithography materials
The company’s stereolithography materials came to Stratasys from the acquisition of the Covestro Additive Manufacturing SOMOS portfolio, which closed in early April 2023. These hybrid epoxy-acrylate materials offer a variety of functional prototyping solutions, by delivering flexible, durable, rigid, high temperature, or clear properties, to simulate production-targeted polymers.
This range of materials enables the company to offer a range of solutions from concept modeling and prototyping to manufacturing. In addition, Stratasys holds a leading patent position in the industry as a result of this portfolio.
Other Stratasys materials
Beyond this extensive breadth of materials for Stratasys technology platforms, the company also has the capability to supply materials for non-Stratasys platforms in powder bed fusion. The company acquired the Addigy material brand from Covestro. Addigy powder materials are validated on Powder bed fusion open system printers (PBF). These PBF technology powder materials are sold by Stratasys to customers who operate selective laser sintering printers. This powder materials portfolio includes three elastomeric materials (two TPU and one TPE) for various flexible application needs and the first-ever PBT powder for small series production. (These powders are not yet validated on Stratasys’ own powder-based SAF technology).
Third-party materials partnerships
Further augmenting the Stratasys materials portfolio, the company has developed an ecosystem of third-party materials partnerships. These partnerships include the top materials companies in the AM industry, such as BASF, Henkel, Arkema, ALM, Kimya, and more. Not only do these partnerships provide the company’s customers with expanded application potential from the validated materials they offer, but they also provide the company with the opportunity to speed materials innovation through targeted collaboration.
Software
Software is an integral part of the company’s solutions-based, go-to-market strategy. Built on cloud, desktop, and mobile technologies, the GrabCAD Additive Manufacturing Platform is an open and enterprise-ready software platform that enables manufacturers to manage production-scale additive manufacturing operations. Stratasys’ platform is specifically designed for the unique needs of additive manufacturing across the entire digital thread—from design through production—while also integrating with Industry 4.0 infrastructure and enterprise applications. As of February 2025, the platform consisted of more than 42,200 application users, 19,000 3D printers, and over 6,300 workflow users. The platform processes 35 gigabytes of data streams per day. Several components are included in the platform:
GrabCAD Print, the company’s job programming software, enables the unique features of its 3D printing technologies, such as creating lightweight, structurally sound infills for FDM, and multi-material and color and material management for PolyJet. The feature set of GrabCAD Print is designed to make the process of creating high-quality, highly detailed, and accurate models accessible to users in Engineering and Design Offices, Enterprise Model Shops, Manufacturing, and Health Care markets.
On top of GrabCAD Print, the company also offers GrabCAD Print Pro. This is a package of new features and tools that extend the capabilities of GrabCAD Print Standard and are focused on improving accuracy and saving time for professional users. It includes features like: Accuracy center, labeling, automation, costing, split, repair, etc.
GrabCAD Print natively reads commonly used 3D CAD file formats, as well as traditional STL and VRML files, transforming them into instructions to drive its 3D printing systems. The company’s software provides a robust collection of features, including structural toolpath and infill controls, color and appearance management, multi-material management, automatic support generation, part scaling, positioning and nesting, as well as geometric editing capabilities.
The GrabCAD Print scheduling software includes capabilities to manage the operations of one or more printers, including tray packing and optimization, job estimation, system availability, scheduling, and monitoring via desktop, web, or mobile devices. Additionally, analytics information is available in the form of standard utilization, material usage, and job history reports enabling managers and operators to maximize the use of its 3D printing systems.
GrabCAD Streamline Pro subscription software is a comprehensive workgroup software suite, powered by GrabCAD Print. Designed to connect people, parts, and printers, GrabCAD Streamline Pro reduces the effort in managing a company’s entire fleet of Stratasys 3D printers from one platform. It creates the opportunity for secure, centralized software workflows for efficient part production at any scale, regardless of the number of printers or types of parts printed. This thereby leads to higher efficiency, reduced cost, and business process automation.
GrabCAD Streamline Pro supports FDM and PJ Stratasys technologies, with plans to add support for SAF, DLP, and SL Stratasys technologies in the future.
GrabCAD IoT Platform is a solution designed to transform how customers manage their 3D printing operations and optimize additive manufacturing productivity. The GrabCAD IoT Platform is available to Stratasys customers with GrabCAD Streamline Pro workgroup software, with PolyJet J3/J5 Series printers, and from Stratasys Customer Support. The solution is planned to be rolled out to other technologies in the future.
The GrabCAD Software Development Kit (SDK) enables companies and Independent Software Vendors (ISVs) to integrate Stratasys 3D printing at production scale with existing design and manufacturing software applications infrastructure to support enterprise goals, such as system connectivity, compliance, and workflow automation. The GrabCAD SDK leverages standard protocols, such as MTConnect and provides Application Programming Interfaces (APIs), documentation, sample code, and a professional support network.
The GrabCAD Software Partner Program is available to Independent Software Vendors (ISVs) wishing to integrate into the GrabCAD AM Platform. The GrabCAD Software Partner Program makes up a robust ecosystem of software partners in Additive Manufacturing powered by Stratasys. Stratasys provides access to the GrabCAD SDK—a complete set of developer tools to support system integration, as well as support.
The GrabCAD Community is an online community of over 15 million professional engineers, designers, manufacturers, and students who share best practices via tutorials, discussion forums, design/print challenges, and 3D content.
The company’s software is available in nine languages to promote usage in the regions worldwide in which it operates.
Online Community
GrabCAD Community
The company operates the GrabCAD Community for mechanical engineers, designers, manufacturers, and students where members can share best practices via tutorials, discussion forums, and design/print challenges. This community had more than 15 million members and over 1.7 million CAD files available for free download as of the end of 2024.
Services
Support services and warranty
Customer support
The company’s customer success department provides on-site system installation, operator training, a full range of maintenance and repair services, and remote technical support to users of its products. The company provides support to its customers directly and through its resellers, ensuring that support and parts may be readily obtained worldwide. The company also offers advanced training to its customers and preventive maintenance, particularly on its high-performance systems. The company’s support network consists of the following: Stratasys-certified engineers who provide worldwide, on-site installation, training, and support; direct support engineers through the company; indirect support engineers through certified partners, including third-party service organizations or selected resellers who provide support for its systems; phone and direct on-site company support in eight languages, and resellers' indirect support in local languages; service logistics in key regional centers; training facilities and resources in regional centers; customer-relationship management (CRM) system and learning management system (LMS) to ensure high-quality support for its customers and resellers, including secure remote access to a customer service database containing service history and technical documentation to aid in troubleshooting and repairing systems; free content on YouTube to help self-maintenance and troubleshooting; support, tools, and up-to-date information to the company’s direct customer and distribution channels from its product support engineering team; a full range of commercial service programs to support the high utilization of its 3D printers and its customers’ unique needs; and an e-commerce platform allowing for smooth and fast purchasing of its 3D printing materials, and also opening service tickets and following their status.
The company offers services on a time and materials basis, as well as a full range of post-warranty maintenance contracts with varying levels of support and pricing. Customer support is represented on cross-functional product development teams within the company to ensure that products are designed for serviceability and to provide its internal design and engineering departments with feedback on field issues. Failure analysis, corrective action, and continuation engineering efforts are driven by data collected in the field.
Stratasys Direct Manufacturing paid-parts service
Stratasys Direct Manufacturing is a contract manufacturing service provider of parts on-demand via polymer 3D printing processes. With over 30 years of experience, Stratasys Direct provides rapid prototyping and production parts using the broadest set of polymer additive technologies of any service bureau in North America and backed by experts ready for the most complex projects. With Stratasys Direct, customers can quickly design, innovate, and meet demands of any complexity or scale by accessing the right expertise, industrial-grade 3D printing technologies, and materials without the capital expense. Stratasys and Stratasys Direct work together to help Stratasys customers meet their needs with infinite manufacturing capacity or access to technologies or materials they do not have in-house.
Stratasys Direct Manufacturing also operates an e-commerce service for quick-turn parts, www.stratasysdirect.com, which enables its customers to obtain quotes and order parts around the clock, seven days a week.
Customers
The company has a diverse set of customers worldwide, including, among other prominent companies: General Motors, BAE Systems, Boeing, Blue Origin, the U.S. Navy, and the Mayo Clinic.
Marketing, sales, and distribution
Marketing
The company’s marketing strategies are tailored to achieve several key objectives. These include elevating awareness of its brand and offering and establishing thought leadership in manufacturing and key relevant spaces for the AM industry and its solutions and product areas. The company also aims to build its brand leadership across multiple industries, including automotive, aerospace, defense, medical, dental, fashion, education, and consumer goods. Furthermore, the company is committed to expediting and enhancing sales growth while enhancing customer loyalty and lifetime value.
To attain these goals, the company executes a multifaceted approach that encompasses thought leadership initiatives, relations with industry analysts, digital campaigns, events, and impactful product launches. Integrated campaigns serve to deepen connections with the company’s existing customer base while expanding its reach to attract new clients. This approach stimulates demand and generates leads across the company’s strategic markets, encompassing both its direct operations and its extensive network of resellers.
The company’s marketing arsenal combines inbound and outbound strategies for maximum impact. Inbound tactics leverage digital platforms, including blogs, social media, search engine optimization (SEO), search engine marketing (SEM), and engaging webinars and white papers to nurture leads. On the outbound front, the company deploys digital and print communication campaigns, executes public relations efforts, initiates direct mail and email outreach, hosts virtual and in-person tradeshows and roadshows, and orchestrates thought leadership events. The company maintains an active presence in newsletters, industry associations, and leverages referrals to bolster its engagement.
Additionally, the company’s regional offices across the globe house state-of-the-art product and technology demonstration facilities, reinforcing its commitment to showcasing its solutions effectively.
The company’s resellers are integral to its success, and it prioritizes their growth by providing essential tools and support. The company offers a comprehensive suite of marketing resources, including brochures and product guides, and extends co-marketing opportunities to enhance their visibility and drive sales. To ensure their competence in marketing and selling the company’s products, the company offers training and education programs.
The company closely monitors and assesses the outcomes of its marketing initiatives, continuously striving to discern evolving customer needs. This analysis informs the company’s product roadmaps and individual marketing plans, enhancing distribution optimization and facilitating seamless product release, ramp-up, and sales processes.
Sales distribution methods
The company’s sales organization sells, distributes, and provides follow-up support services with respect to its AM systems and related consumables, through a worldwide sales and marketing infrastructure. The company generally uses two methods for distribution and support: sales to resellers who purchase and resell the company’s products (including materials) and through whom follow-up support and maintenance services and replacement parts are provided to end-users; and direct sales of systems or services to end-users without the involvement of any intermediaries, for which all aspects of the company’s sales and follow-up services are handled exclusively by the company.
Almost all of the reseller locations that distribute the company’s products have its AM systems available for tradeshows, product demonstrations, and other promotional activities. Additionally, many of them enjoy a long-term presence and offer third-party 3D CAD software packages in their respective territories, enabling them to cross-sell its systems to customers who purchase those other products.
In addition to traditional direct sales and reseller-based sales of the company’s AM systems and related consumables, the company also utilizes an online customer/partner digital hub, which serves as a direct digital method for the distribution of its products. The online hub acts as a point of sale for consumables, software, and spare parts to end-users who own its systems.
Geographic structure of sales organization
The primary sales organization for the company’s 3D printers and production systems, including related consumables, materials, and services, is divided into groups based on the following geographical regions: Americas, Europe, and Asia Pacific. This structure allows the company to align its sales and marketing resources with its diverse customer base. The company’s sales organization in each region provides sales support to the network of independent reseller and sales agent locations throughout the particular region. The company also operates sales and service centers in various locations throughout the Americas and internationally, including Baden-Baden, Germany; Shanghai, China; and Tokyo, Japan.
Suppliers
The company purchases major component parts for its FDM, PolyJet SLA, and DLP systems from various suppliers, subcontractors, and other sources, and tests those parts in its U.S., Israeli, and U.K. facilities.
The printer heads for the company’s PolyJet 3D printing systems are supplied by a sole supplier, Ricoh.
Ricoh Agreement
The company purchases the printer heads for its inkjet 3D printing systems from Ricoh pursuant to an OEM Purchase and License Agreement with Ricoh, or the Ricoh Agreement.
Research and development
The company’s net R&D expenses were approximately $99.1 million in the year ended December 31, 2024.
Intellectual property
The principal granted patents relate to the company’s FDM systems, its PolyJet technologies, its 3D printing processes, and its consumables, certain of which have already expired and certain of which have expiration dates ranging from 2025 to 2040.
The company is also a party to various licenses and other arrangements that allow it to practice and improve its technology, including a patent license agreement with Cornell University providing access to certain tool changer patents.
In addition, the company owns certain registered trademarks and makes use of a number of additional registered and unregistered trademarks, including ‘Stratasys’, the Stratasys Signet logo, ‘Objet’, ‘PolyJet’, ‘Connex’, ‘J8 Series’, ‘J850’, ‘J826’, ‘J750’, ‘J700’, ‘J5’, ‘J35’, ‘J55’, ‘Vero’, ‘VeroFlex,’ ‘VeroEco,’ ‘VeroUltra’, ‘VeroVivid’, ‘Tango’, ‘Durus’, ‘Rigur’, ‘Elastico’, ‘Digital ABS’, ‘TrueDent’, ‘TrueDent-D’, ‘ProBleacher’, ‘ProSurface’, ‘FDM’, ‘Fortus’, ‘F123 Series’, ‘F370’, ‘F900’, ‘F770’, ‘F3300’, ‘Fortus 450mc’, ‘Insight’, ‘Antero’, ‘Diran’, ‘XTEND’, ‘Origin’, ‘Origin One’, ‘P3’, ‘Stratasys Direct Manufacturing’, ‘Stratasys Direct’, ‘GrabCAD’, ‘GrabCAD Community’, ‘GrabCAD Print’, ‘GrabCAD Shop’, ‘GrabCAD Streamline’, ‘OpenAM’, ‘ProtectAM’, ‘DentaJet’, ‘Medijet’, ‘Digital Anatomy’, ‘TissueMatrix’, ‘GelMatrix’, ‘BoneMatrix’, ‘RadioMatrix’, ‘3DFashion’, ‘TechStyle’, ‘FabriX’, ‘Neo’, ‘Neo800’, ‘Neo450’, ‘Titanium’, ‘Titanium Assistant’, ‘H350’, ‘H Series’, ‘SAF’, ‘Big Wave’, ‘Selective Absorption Fusion’, ‘PowderEase’, ‘ReLife’, ‘Somos’, ‘WaterClear’, ‘WaterShed’, ‘PerFORM’, ‘WeatherX’, ‘Addigy’, ‘RapidQuotes’, ‘Mindful Manufacturing’, ‘3D Printing a Better Tomorrow’, and ‘Make additive work for you’.
Competition
The companies that offer these technologies to compete with the company include, inter alia, 3D Systems Corporation, EOS GmbH, HP, Carbon, Inc., Formlabs, Markforged, Inc., and Desktop Metal.
Seasonality
Historically, the company’s results of operations were subject to seasonal factors. Stronger demand for its products historically occurred in its fourth quarter primarily due to its customers’ capital expenditure budget cycles and its sales compensation incentive programs. The company’s first and third quarters historically were its weakest quarters for overall unit demand. The first quarter was typically a slow quarter for capital expenditures in general. The second quarter was typically when the company would see its largest volume of educational-related sales, which normally qualified for special discounts as part of its long-term penetration strategy.
The company experiences seasonality within individual fiscal quarters, as a substantial percentage of its system sales often occur within the last month of each fiscal quarter.
Global operations
The company has offices in, among other locations, Brazil, China, Germany, Hong Kong, Israel, Japan, Korea, India, Mexico, the United Kingdom, and the United States, and organizes its operations by geographic region, focusing upon the following key regions: the Americas, Europe, and Asia Pacific. The company’s products are distributed in each of these regions, as well as in other parts of the world.
Government regulation
The company is subject to various local, state, and federal laws, regulations, and agencies that affect businesses generally. These include regulations promulgated by federal and state environmental and health agencies, foreign environmental regulations, the federal Occupational Safety and Health Administration, the U.S. Foreign Corrupt Practices Act, laws pertaining to the hiring, treatment, safety, and discharge of employees, export control regulations for the U.S. made products, Israeli tax regulations, and CE regulations for the European market. Medical device regulations, such as the U.S. FDA Code of Federal Regulations.
The company is an ‘Industrial Company’ as defined by the Israeli Law for the Encouragement of Industry (Taxation), 1969, and, as such, is entitled to certain tax benefits, including accelerated depreciation, deduction of public offering expenses in three equal annual installments, and amortization of other intangible property rights for tax purposes.
The Law for the Encouragement of Capital Investments, 5719-1959, to which the company refers as the Investment Law, provides certain incentives for capital investments in a production facility (or other eligible assets).
The Investment Law has been amended several times over the recent years, with the three most significant changes effective as of April 1, 2005, to which the company refers as the 2005 Amendment, as of January 1, 2011, to which the company refers as the 2011 Amendment, and as of January 1, 2017, to which the company refers as the 2017 Amendment. Pursuant to the 2005 Amendment, tax benefits granted in accordance with the provisions of the Investment Law prior to its revision by the 2005 Amendment remain in force, but any benefits granted subsequently are subject to the provisions of the amended Investment Law.
Under the Investment Law prior to the 2005 Amendment, a company that wished to receive benefits on its investment program that is implemented in accordance with the provisions of the Investment Law, to which the company refers as an ‘Approved Enterprise’, had to receive an approval from the Israeli Authority for Investments and Development of the Industry and Economy, to which the company refers as the Investment Center.
A company that has an Approved Enterprise program is eligible for further tax benefits if it qualifies as a Foreign Investors’ company, to which the company refers as an FIC.
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