HP Inc. has selected Materialise Software (MTLS) for its new HP Jet Fusion 3D Printing Solution. The new HP printing solution is available for order and is compatible with Materialise Magics 3D Print Suite.
HP chose to work with Materialise because of the software’s simplicity and user-friendly build processor. Essentially, HP wanted to make sure its customers got an excellent 3D printing experience and Materialise delivered.
According to HP’s President of #D Printing, Stephen Nigro, the two companies created an amazing product. He said: “3D printing will bring tremendous benefit to manufacturing, helping to make it faster and less expensive…Matching the HP Jet Fusion 3D Printing Solution with Materialise software provides our customers the best-in-class solution for industrial 3D printing.”
- Recent financial results showed revenues of $29.41 million, which was down $3.47 million. While gross margins grew from 57.86% to 59.86%. Overall, earnings declined but operating margins improved from -16.95% to -8.53%.
- Materialise’s CEO Fried Vancraen was very pleased about working with HP. He said: “This collaboration with HP combines more than 100 years of software and printing expertise. Our mutual knowledge will benefit businesses producing functional prototypes to final production parts…Developing a Build Processor that connects HP technology to our software backbone for 3D Printing felt like a natural step. We want users of the Materialise Magics 3D Print Suite to have access to premium technologies.”
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer