3D Systems to focus development efforts on 3D Sprint, divest software platforms

Following a comprehensive strategic review of its major software platforms, 3D Systems (DDD) announced its decision to focus development efforts on its proprietary polymer solution, 3D Sprint, in response to the transformative potential of artificial intelligence in additive manufacturing. As part of this strategic focus, the company intends to divest its software platforms designed for broad industry adoption across all OEM printer manufacturers, which includes its Oqton Manufacturing Operating Systemand 3DXpert metal printing platforms. These platforms are, by design, agnostic to the printer manufacturer and created to support large, mixed fleets of printers within a customer’s manufacturing environment. This move reflects 3D Systems’ commitment to driving innovation and delivering differentiated value through its core technologies. Hubb Global Holdings, a strategic investment group led by principals Steve Lokam and Kalyan Yenneti, signed a definitive agreement to acquire these assets. 3D Systems will partner with Hubb Global Holdings in support of its mission, incorporating 3DXpert into the company’s expanding metal solution portfolio and focusing on the development of new component applications enabled by this software. “Our Company is focused on enabling customers to fully leverage the advantages of additive manufacturing in their production environment,” said Dr. Jeffrey Graves, president and CEO of 3D Systems. “We make this possible by providing fully integrated additive manufacturing solutions comprising 3D printing hardware, materials, software, and services to customers worldwide. We believe it’s critical to continue to invest in R&D to drive innovation in all elements of our solutions-focusing these investments where they can make the biggest impact for our customers and shareholders.”