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3D Systems Provides Update on Software Strategy
Globenewswire· 2025-09-29 12:32
Core Insights - 3D Systems is shifting its strategic focus towards its proprietary polymer solution, 3D Sprint®, while divesting its software platforms Oqton® MOS and 3DXpert® to enhance innovation and value delivery in additive manufacturing [1][6][9] - The divestiture aims to foster industry standardization in metal printing processes, which is essential for accelerating customer adoption and increasing investment in software capabilities [2][4] - Hubb Global Holdings has signed an agreement to acquire Oqton MOS and 3DXpert, with the transaction expected to close in Q4 2025, enhancing their capabilities and driving broader industry adoption [3][4] Company Strategy - 3D Systems will concentrate R&D efforts on advancing 3D Sprint, leveraging AI and machine learning to improve part quality and optimize manufacturing workflows [6][9] - The company aims to provide integrated additive manufacturing solutions that enhance ease-of-use in factory environments, focusing on high-volume production [6][9] - The partnership with Hubb Global Holdings will support the integration of 3DXpert into their metal solution portfolio, aiming to accelerate the adoption of production-scale 3D metal printing [5][6] Industry Impact - The transition of Oqton MOS and 3DXpert to an independent developer is expected to accelerate OEM adoption of additive manufacturing and standardization in the metal printing industry [2][4] - Oqton MOS is designed to manage complete workflows for additive component printing, enhancing productivity and reliability in manufacturing processes [8] - The divestiture is anticipated to benefit the entire 3D printing industry by maintaining an industry-wide focus and accelerating growth [8]
3D Systems Completes Sale of Geomagic Software Portfolio
Newsfilter· 2025-04-01 11:00
Core Insights - 3D Systems has successfully completed the sale of its Geomagic® software portfolio to Hexagon for $123 million, enhancing its balance sheet and cash reserves [1][3][6] - The company will now focus on its core additive manufacturing software platforms, including 3D Sprint®, 3DXpert®, and Oqton Industrial Manufacturing OS, aiming to leverage AI and automation for improved production applications [2][6] Financial Impact - The transaction is expected to yield approximately $100 million in net proceeds, which will be used to strengthen the company's balance sheet and invest in future growth initiatives [3][6] Strategic Focus - 3D Systems aims to enhance its capabilities in additive manufacturing by concentrating on its core software solutions, which will help improve workflows, reduce costs, and enable effective scaling of production for customers [3][6]