Stratasys (SSYS) Surges On HP 3D Printer Deal
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Shares of Stratasys, Inc. (Nasdaq: SSYS) are up 37% this morning after the company signed a definitive agreement with HP (NYSE: HPQ) to manufacture an HP-branded 3D printer.
Under the terms of the agreement, Stratasys will develop and manufacture for HP an exclusive line of 3D printers based on Stratasys’ patented Fused Deposition Modeling (FDM) technology. HP will begin a phased rollout of the 3D printers in the mechanical design (MCAD) market in selected countries later this year, with the right to extend distribution globally.
Under the terms of the agreement, Stratasys will develop and manufacture for HP an exclusive line of 3D printers based on Stratasys’ patented Fused Deposition Modeling (FDM) technology. HP will begin a phased rollout of the 3D printers in the mechanical design (MCAD) market in selected countries later this year, with the right to extend distribution globally.
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