Elkfork Partners LLC Takes $118000 Position in 3D Systems (DDD)

Elkfork Partners LLC acquired a new position in 3D Systems (NYSE:DDD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,692 shares of the 3D printing company’s stock, valued at approximately $118,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DDD. Sciencast Management LP purchased a new position in 3D Systems during the fourth quarter valued at $106,000. Xact Kapitalforvaltning AB purchased a new position in 3D Systems during the fourth quarter valued at $116,000. Claraphi Advisory Network LLC purchased a new position in 3D Systems during the fourth quarter valued at $162,000. New Mexico Educational Retirement Board purchased a new position in 3D Systems during the fourth quarter valued at $244,000. Finally, Virginia Retirement Systems ET AL bought a new position in 3D Systems during the third quarter valued at $283,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

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DDD has been the subject of several research reports. Zacks Investment Research upgraded shares of 3D Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Vetr upgraded shares of 3D Systems from a “buy” rating to a “strong-buy” rating and set a $12.44 price objective for the company in a research report on Tuesday, January 16th. JPMorgan Chase lowered shares of 3D Systems from a “neutral” rating to an “underweight” rating and set a $11.00 price objective for the company. in a research report on Friday, February 9th. William Blair reiterated an “outperform” rating on shares of 3D Systems in a research report on Thursday, January 25th. Finally, Susquehanna Bancshares set a $12.00 price objective on shares of 3D Systems and gave the company a “hold” rating in a research report on Friday, March 16th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. 3D Systems has a consensus rating of “Hold” and a consensus target price of $12.33.

3D Systems stock opened at $11.94 on Friday. The stock has a market capitalization of $1,365.21, a PE ratio of -20.95 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 1.62. 3D Systems has a 12-month low of $7.92 and a 12-month high of $23.70.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Wednesday, March 14th. The 3D printing company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. 3D Systems had a negative net margin of 10.24% and a negative return on equity of 8.48%. The company had revenue of $177.30 million during the quarter, compared to analyst estimates of $164.87 million. During the same quarter last year, the business posted $0.15 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. research analysts forecast that 3D Systems will post -0.11 EPS for the current year.

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3D Systems Company Profile

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

Institutional Ownership by Quarter for 3D Systems (NYSE:DDD)

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Aeromet and Partners Continue Development of A20X Aluminum Alloy for 3D Printing

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UK-based Aeromet International manufactures aluminum and cast metal parts for the aerospace and defense industries. It has several prominent customers for which it supplies airframe and engine parts such as fuel system components, wing tips, doors and heat exchangers. The company is also known for developing the world’s strongest commercially available aluminum casting alloy, A20X, which is the first new aluminum alloy brought to market for the aerospace industry in over 40 years. Now Aeromet is leading a group of companies to further develop A20X for additive manufacturing. 

The group has been awarded funding from the National Aerospace Technology Exploitation Program (NATEP) to develop the alloy. As part of the High Strength Aluminum Powder for Additive Manufacture (HighSAP) project, Aeromet and its partners Rolls-Royce, Renishaw and PSI will work to further optimize A20X for additive manufacturing and produce a set of demonstrator parts.

NATEP, an Aerospace Growth Partnership initiative, is an industry-led program that supports UK companies in the aerospace industry developing innovative technologies.

“We are very pleased to have been awarded NATEP funding for this exciting project,” said Mike Bond, Director of Advanced Material Technology at Aeromet. “By working with our partners, we hope to further develop our powder technology and create a new option for high strength additive manufactured parts. NATEP is a great way for innovative companies to come together to develop cutting edge technologies.”

The A20X family includes the Metallic Materials Properties Development and Standardisation (MMPDS) approved A205 casting alloy and A20X powder for additive manufacturing. A20X is an aluminum-copper alloy with a highly refined microstructure and a unique solidification mechanism, giving it greater strength, fatigue and thermal characteristics than other alloys. Castings made from the alloy are already in production for high-strength, high-temperature aerospace applications, and HighSAP plans to take advantage of the alloy’s characteristics for additive manufacturing purposes.

“Rolls-Royce are excited to participate in this project and contribute to the development of this very promising new aluminium alloy,” said Paul Murray, Principal Materials Engineer at Rolls-Royce. “NATEP is a proven programme with a strong track record of supporting innovation in the UK aerospace supply chain.”

Aeromet has led two collaborative development projects through NATEP, and is actively engaged in cross-industry, collaborative R&D projects funded by the Aerospace Technology Institute. The company is also highly involved in the UK government’s industrial strategy for aerospace, known as the Aerospace Growth Partnership, which in turn is part of the Sharing in Growth program, a 2013 initiative to increase the productivity and effectiveness of the UK aerospace supply chain.

“PSI are very pleased to be a partner in this project which aligns very well with our strategy of optimising powders for additive manufacturing,” said Dr. Gordon Kerr of PSI Ltd. “PSI technology combines VIM with inert gas atomisation and this project will utilise our knowledge of processing and handling aluminium alloy powders.”

These companies will work together to develop what is already an extremely promising material into something that could prove central to increasing the use of additive manufacturing in the aerospace industry.

Discuss this and other 3D printing topics at 3DPrintBoard.com or share your thoughts below. 

[Images: Aeromet]

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Austrian Jeweler Boltenstern Partners with Cooksongold for Customized Direct Jewelry 3D Printing

Cooksongold_60x16mm_CMYKNot long ago, if you told someone you could print gold, you’d probably be met with an eye roll and a comment having to do with money growing on trees, too. Not so anymore – you can now truthfully claim to print gold and even back up your statement with physical evidence. In fairness, you’re not actually creating gold out of nothing; the material is already there, you’re just using a printer to transform it into beautiful jewelry or other items. Still, it’s a technology that most people never could have imagined would be possible until very recently.

2014 M080 Layered High Res leftview CMYK (1)“3D printed jewelry” has been around for a few years, but the term is somewhat misleading, as most companies simply 3D print the molds for the jewelry. The technique still offers a lot of benefits, but for the most part, people weren’t actually 3D printing metal jewelry until two years ago, when the Precious M 080 jewelry printer arrived on the market. Developed by Cooksongold and EOS, the Precious M 080 was the first Direct Metal Laser Sintering (DMLS) printer designed to directly print jewelry and watches, no molds or casting required.

Since the launch of the precious metal printer, Cooksongold has developed several additional metal powders alongside their traditional gold material – including rose gold, white gold, silver and platinum. Their technology and materials have attracted the attention of several illustrious jewelers, including the Austrian fine jewelry producer Boltenstern. Established in 1964, the company has decades of experience in the design and production of precious metal jewelry, and recently they began using 3D printing along with more traditional processes of jewelry-making.

This month, Boltenstern announced that they are partnering up with Cooksongold, using the Precious M 080 to design and 3D print customizable luxury jewelry.

160711_BOLTENSTERN_Bracelet 002_01

“It is only by thinking in multiple dimensions that we can create designs that are at once almost impossibly complex, yet effortlessly simple,” said Marie Boltenstern, Founder and Head of Design at Boltenstern GmbH. “…We succeed in creating brand new typologies of products by deeply understanding the capability of the machine. The direct collaboration with COOKSONGOLD is a unique symbiosis and opportunity allowing for direct feedback between design, machine, material and end-product in order to optimize and develop the revolutionizing production process.”

160711_BOLTENSTERN_Earrings 001Marie Boltenstern is the daughter of Sven Boltenstern, who founded the brand back in 1964, and when she took the reins last year, she turned the company in its new, technologically-oriented direction. A recent graduate who studied architecture in London and Berlin, Marie has a strong background in computational design and 3D printing, which she began implementing in the business as soon as she took it over. Her vision, of combining classic style with modern technology, has resulted in a line of unique, striking pieces with visible influences of both architecture and nature.

Boltenstern began their venture into 3D printed jewelry in the way that most other companies do: by 3D printing molds and using them to cast the actual jewelry pieces the traditional way. Now, with the Precious M 080 printer, they’ll stand out even more among the crowd of jewelers striving to combine the old and the new in an art form that has been around for centuries, but is still constantly changing and evolving. Discuss further in the Boltenstern 3D Printed Jewelry forum over at 3DPB.com.

MakerBot Partners with TOM to Support Bay Area Makeathon for Assistive Technology

BROOKLYN, N.Y.–(BUSINESS WIRE)–MakerBot, a global leader in the desktop 3D printing industry, today announced a partnership with TOM (Tikkun Olam Makers) to support the Bay Area Makeathon focused on assistive technology, sponsored by Google.org. Engineers, developers, designers, and hobbyists will come together to develop hardware and software prototypes designed to meet the needs of people with disabilities. Participants will have access to advanced manufacturing technologies, such as MakerBot 3D printers, to develop solutions that address the challenges of disabled individuals who can’t find off-the-shelf products. MakerBot Learning 3D printing experts will also provide on-site support to assist participants in their projects.

The Bay Area Makeathon takes place September 11-13 at the San Francisco branch of TechShop, a national chain of member-based workshops. The event is organized by TOM and UCP of the North Bay. MakerBot is the official desktop 3D printing partner. The Bay Area Makeathon is open to the media on September 11 – 13, 2015. Please RSVP to leron@siliconvpr.com.

“Desktop 3D printing democratizes medical innovation and opens up a whole new world of possibilities for disabled people around the world. Low-cost prosthetics, such as the Robohand, have already made a significant impact and improved the lives of many,” said Yuri Salnikoff, CMO of MakerBot. “We are excited to partner with TOM to showcase the power of 3D printing and push the boundaries of assistive technology. We can’t wait to see what the participants create.”

“Our aim is to gather the best minds in technology and design to address the needs of people with disabilities,” said Sefi Attias, CTO at TOM. “We gather to solve problems together and hope to change the world in 72 hours, or at least make it a slightly more livable place.”

Part of the Google Impact Challenge: Disabilities, the Bay Area Makeathon brings together people with disabilities and makers from various backgrounds to build new connections, share experiences, and develop prototypes. For 72 hours at TechShop, they will work with modern fabrication tools, such as MakerBot Replicator Desktop 3D Printers, CNC mills, laser cutters, and sandblasters. The teams will present their projects to a panel of judges on the last day of the event (September 13) for a chance to win prizes. The judges include:

  • Anupam Pathak, senior engineer at Google Life and founder of Liftware
  • Dale Dougherty, CEO of Maker Media
  • Jonathan Jaglom, CEO of MakerBot
  • Tom Chi, former head of product experience at Google X

Following the three-day event, the assistive technology designs will be posted on MakerBot Thingiverse, the largest 3D design community in the world. The Thingiverse community will be able to participate in a challenge that aims to further develop and enhance the designs that come out of the Bay Area Makeathon. Thingiverse already hosts a large amount of assistive technology designs, such as the Robohand project, which started on Thingiverse and has been further developed and remixed by the community.

TOM is a non-profit group specializing in running makeathons for assistive technology around the world, and MakerBot provides 3D printers for TOM events. Desktop 3D printing has introduced a new model for innovation to the medical field, in which anyone can turn ideas into physical objects and develop new products. Innovations from past TOM events include walking devices, connected crutches, a book-reading device, and more. MakerBot Replicators have also been used by researchers to develop 3D models that help surgeons prepare for surgery, grow cartilage to repair tracheal damage, fabricate customized dosages from pharmaceutical filament, and make low-cost prosthetic hands.

MakerBot® Replicator® 3D Printers are used by educators, engineers and designers to enhance education and transform the design process through Real-Time Prototyping™. MakerBot provides the most comprehensive 3D ecosystem in the desktop 3D printing industry to make 3D printing more accessible. The MakerBot 3D Ecosystem includes MakerBot Desktop software for preparing prints, the MakerBot Mobile app with cloud platform to initiate and monitor prints remotely, and MakerBot Thingiverse, the world’s largest 3D design community. The MakerBot Replicator Smart Extruder is a groundbreaking innovation that minimizes printing downtime by enabling users to swap a worn extruder in minutes. The Smart Extruder also allows users to adapt quickly to new innovations in the evolving world of 3D printing. When MakerBot introduces new materials like MakerBot Composite PLA, customers will be able to purchase a Smart Extruder made to handle the new filament, instead of having to buy an entirely new printer.

About MakerBot

MakerBot, a subsidiary of Stratasys Ltd. (Nasdaq:SSYS), is leading the next industrial revolution by setting the standards in reliable and affordable desktop 3D printing. Founded in 2009, MakerBot sells desktop 3D printers to innovative and industry-leading customers worldwide, including engineers, architects, designers, educators and consumers. The company has one of the largest installed bases and market shares of the desktop 3D printing industry, with more than 90,000 MakerBot desktop 3D printers. The robust MakerBot 3D ecosystem makes 3D printing easy and accessible for everyone. To learn more about MakerBot, visit: www.makerbot.com.

About TOM (Tikkun Olam Makers)

TOM is a global community of makers, technology developers, engineers, designers, innovators and need-knowers, who seek to solve unmet societal needs. As the name suggests, in the spirit of the traditional Jewish value of Tikkun Olam – repairing the world. The unique magic of TOM inspires the most brilliant ideas and it happens by bringing together, into one makerspace and for 72 hours of intensive work, the “Need-Knowers” – people who understand the needs, and the “Technologists” – engineers, designers, developers and makers.

About Google.org

Google.org, the philanthropic arm of Google, seeks out and supports innovative approaches to tackling the world’s biggest challenges. We develop and invest in people and ideas that can help bring shared knowledge to local, regional and global issues around poverty alleviation, public health, access to education and more. For more information, visit www.google.org.