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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Finland's First 3D Printed Aircraft Engine Part Takes to the Skies in Maiden Flight

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T25 Sensor Housing – first 3D printed component in GE90 jet engine.

One field that 3D printing technology has definitely made a major impact on over the last several years is aerospace – so much so, in fact, that the FAA is currently working to develop a plan on how to deal with the increased rate at which the industry is adopting 3D printing.

The technology is very useful in manufacturing aircraft, as it can reduce the weight of components, as well as producing parts with reduced complexity that offer consistent quality and repeatable characteristics. These features can lower energy expenditures and cost, while also increasing aircraft performance, in the aerospace and defense industry, and a wide variety of aircraft, from drones to jets and rockets, now use 3D printed parts.

Many of these aircraft feature 3D printed engine parts, which can help reduce the total number of pieces that make up the component…which, again, helps with weight reduction. By using 3D printing technology to make the parts for an aircraft engine, companies can also see other benefits as well, including an increase in power and a decrease in fuel burn.

Patria, headquartered in Finland, provides security, defense, and aviation life cycle support services, as well as technology solutions. The company, which is jointly owned by the Norwegian Kongsberg Defence & Aerospace AS and the Finnish state, operates all over the world, with offices and projects in the US, the UAE, Sweden, South Africa, Poland, Norway, Estonia, and Croatia. It is Finland’s primary source for the maintenance, repair, and over-haul (MRO) of military aircraft engines.

[Image: Patria]

The company’s Aviation and Aerostructures business units have over 90 years of experience in the industry, offering assembly, flight training, maintenance and modifications of aircraft and helicopters, and parts manufacturing. In addition, the units offer life-cycle support services for aircraft and helicopters, which covers engine, equipment, and fuselage repair, along with training and maintenance.

Patria has long been involved in using modern manufacturing methods to fabricate and repair different parts and components for aircraft, and has spent more than two years working on the manufacturing process for a new 3D printed part. That hard work has finally paid off, as the country’s first 3D printed aircraft engine part, installed in the F/A-18 Hornet strike-fighter, recently went on its successful maiden flight.

“For this part, the development work has been done over the last two years, with the aim of exploring the manufacturing process for 3D-printable parts, from drawing board to practical application,” said Ville Ahonen, the Vice President of Patria’s Aviation business unit. “Using 3D printing to make parts enables a faster process from customer need to finished product, as well as the creation of newer, better structures. We will continue research on additive manufacturing methods, with the aim of making the new technology more efficient.”

F/A-18 Hornet [Image: US Navy]

The 3D printed aircraft engine part was fabricated using the Inconel 625 superalloy, which is nickel-based and has been used before to manufacture turbine blades. The company was granted approval from the Military Design Organization Approval (MDOA) and the Finnish Military Aviation Authority (FMAA), in accordance with European Military Aviation Requirements (EMARs), to 3D print the part, which was designed in accordance with the MDOA approval.

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

[Source: Patria]

Stainless steel takes the heat off difluoromethylation

Continuous flow difluoromethylation with fluoroform

Researchers have 3D-printed a flow reactor out of stainless steel for performing a rapid exothermic reaction that turns a Teflon waste product into a synthetic building block.1

Led by Oliver Kappe at the University of Graz in Austria, the team made the metal reactor specifically to convert a known batch reaction – the difluoromethylation of a lithiated nitrile2 – to a scalable continuous process.

Fluoroform is a large-volume waste product from the production of fluoropolymers such as Teflon. While nontoxic and ozone-friendly, it’s also a greenhouse gas 11700 times more potent than CO2. Overcoming its very low reactivity for large-scale use in organic synthesis would reduce waste and pollution, but this requires harsh reaction conditions incompatible with polymer resins previously used to print bespoke reactors.

Instead, the team combined the flexibility of 3D printing with the high thermal conductivity of steel to make a flow reactor for a multistep nitrile lithiation and difluoromethylation with gaseous fluoroform. Including a cooling element in the reactor design made it possible to perform the process at cryogenic temperatures.

Audi takes additive manufacturing efforts up a gear with new EOS development partnership

Jan 25, 2017 | By Benedict

Car manufacturer Audi AG has started a development partnership with additive manufacturing specialist EOS that will see the latter providing additive systems and training to the former. Audi plans to 3D print tools, geometrically complex inserts for die casting molds, and more.

The EOS M 400 additive manufacturing system

Like most major car manufacturers, respected German automaker Audi has dabbled in additive manufacturing over the last few years, be it for the production of topologically optimized metal parts using SLM Solutions 3D printers, or for indulging in less serious activities like building a half-scale 1936 Auto Union Type C race car. Excitingly, a newly announced development partnership between the auto giant and fellow German company EOS could spark the ignition of a more comprehensive additive manufacturing strategy for Audi.

According to a press release, the EOS consulting division “Additive Minds” will be supporting Audi as it implements industrial 3D printing technology and develops a new 3D printing center in Ingolstadt, where the car manufacturer is headquartered. “The aim is to not only supply Audi with the right additive systems and processes but to also support them during applications development, when building up internal AM knowledge and training their engineers to become in-house AM experts,” said Güngör Kara, Director of Global Application and Consulting at EOS.

While the partnership is no doubt exciting news for the auto industry and fans of Audi’s distinctive vehicles, the new additive manufacturing facilities being implemented at Ingolstadt will not yet be used to make fully additive 3D printed cars. Instead, Audi will focus its early efforts on items such as 3D printed tools, with the company’s casting technical center also planning to make full use of the equipment, which “will make possible the production of [single-part] geometries that would have to be joined in conventional manufacturing.” Prototpyes and simple equipment, as well as small parts for motor sports vehicles, will be the first objects lined up for 3D printing.

“Audi was looking for a reliable development partner and has found that in EOS, which we are very happy about,” commented Dr. Stefan Bindl, Team Manager of the Innovation Center at Additive Minds, EOS. “The close cooperation concerning application and process development, as well as internal knowledge building, makes a significant contribution, which is why Audi can quickly achieve substantial gains for its own business by applying our technology.” Bindl added that the geographical nearness between Audi and EOS also proved helpful in establishing the partnership.

Could future versions of the Audi TT Roadster contain 3D printed parts?

Although EOS will be supplying the equipment and training for the Audi team at Ingolstadt, the car manufacturer will have to devote significant manpower in order to get acquainted with the new 3D printers. However, with its eye on the automotive future, in which additive manufacturing is sure to play an important part, committing bodies to the 3D printing cause is something that Audi is happy to do, and the company has even devoted a specific area of its premises to additive training.

“We have set up our own competence center for 3D printing in order to gain experience with the materials and the process, and to further develop them for series production,” explained Jörg Spindler, Head of Toolmaking at Audi. “With this technology we are able to integrate internal structures and functions in tools that we have not been able to create so far with conventional manufacturing methods. We can now quickly and economically produce lightweight components using this technology, especially in small batches.”

Other areas of interest for Audi include 3D printing inserts for die casting molds and hot working segments. According to the car manufacturer, it can improve series production by introducing 3D printed, component-specific conformal cooling channels throughout its molds. Because of the complexity of these channels, no other manufacturing method could be used to create them. Audi says the optimized cooling performance could lead to a reduction in production time by 20 percent, simultaneously producing a positive effect on the energy consumption and cost efficiency of the components.

With 3D printing becoming more important in the automotive industry, Audi might have found an incredibly valuable friend in EOS.

Posted in 3D Printer Company

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3DPrinterOS Takes the Ultimaker 2 Go on the Road with the Backpack Travel Case

Ultimaker-2-Go-Backpack@2xWe’ve written quite a bit about Ultimaker, with good reason, as they make excellent high resolution 3D printers. They’re so good in fact that the Ultimaker 2 series printers have changed very little over the past few years. The Ultimaker 2 and Ultimaker 2 Extended receive a bit of a facelift recently and were rebranded as the Ultimaker 2+ and Ulitmaker 2 Extended+. The update added interchangeable, easily removable nozzles with the built-in Olsson Block, a more powerful geared extruder and new fan shrouds to improve print quality. Ulimaker even made for their customers to upgrade their older Ultimaker 2 and Ultimaker 2 Extended printers with the Extrusion Upgrade Kit. Ultimaker’s commitment to their customers extends to their support of the open source movement. All files for the Ultimaker 2+, Ultimaker 2 Extended+, and Ultimaker 2 Go were released online and their free slicer program Cura has made 3D printing easy even for owners of 3D printers from other manufacturers.

And now Ultimaker has made transporting the Ultimaker 2 Go easier with the Backpack travel case.

Previously, Ultimaker stated that the Ultimaker 2 Go’s packaging could be used to protect the little printer on the road. The Ultimaker Backpack transforms the lightweight packaging into a useful backpack. There’s even space inside the casing for storing tools. 3DPrinterOS found the Backpack to be invaluable when teaching 3D printing classes around New York City with the Ultimaker Go. The 3DPrinterOS team collaborated with Ultimaker before offering free 3D printing classes at Brooklyn Public Library. They recently expanded their outreach, when they launched 3D Printing 101 to familiarize children and adults with 3D printing.

“Everyone is interested in this type of technology… classes bring people from all walks of life and that adds to the experience,” says Aaron Roy of 3DPrinterOS.

Seeing a 3D printer in action for the first time is unforgettable. It’s one thing to have someone explain the basic concept or to watch a video. But the true understanding and inspiration comes when you actually see a 3D printer in action. It’s that moment when you touch actual prints that you recognize the limitless potential for 3D printing.

The 3D Printing 101 class covers a brief history of 3D printing and how it works. Students learn how an idea is converted into a physical object. They get exposure to common materials used in desktop 3D printing, as well as an overview of the associated software and design tools. 3D Printing 101 guides walk through the process of creating their first print. No supplies, experience, or expertise are needed. Everyone gets hands-on experience using a 3D printer and learns how to go from having a great idea to producing a physical object. To provide this experience, 3DPrinterOS needed a stable, quality 3D printer that’s portable as well.

It turns out the teaching was easy. Printer maintenance proved to be the greatest challenge. Most of the machines 3DPrinterOS used were often out of order and they spent more time fixing and maintaining 3D printers than focusing on the teaching and classes. But their lives changed when they discovered the Ultimaker 2 Go. Not only did they find a printer that was reliable, but it was made to be portable.

The Ultimaker 2 Go is designed for life on the move. It is incredibly lightweight and yet has all the accuracy and reliability of its bigger brothers. It’s intuitive and prepares everything for print in no time. And thanks to its size, it’s printed really fast too. It’s built to be portable.

“(It) gives a peace of mind that makes me feel like I can move from place to place. The Ultimaker 2 Go looks like it is meant to be mobile, which is completely different than most 3D printers I’ve seen,” says Roy.

The Backpack travel case made it is super easy for 3DPrinterOS to take it on the go. They were able to organize classes, presentations, and workshops and plan their trips without worrying about their Ultimaker 2 Go getting damaged in transit. In fact, they dropped the little printer a few times without any ill effects. That’s what I call rugged!

Ultimaker is currently including the Backpack free with all orders of the Ultimaker 2 Go, but you’re going to act fast. Today, July 29th, is the last day of the promotion. After July 29th the Backpack travel case will be available for $69.00 excl. VAT.

Below is a video highlighting how the Ultimaker 2 Go and Backpack has helped 3DPrinterOS: