Stratasys' Solidscape and Kangshuo Group Launch Market Expansion in China With Largest 3D Printing Service Bureau Network
Represents First Phase of Multi-Year Agreement to Build and Equip Four Service Bureaus with up to 1,000 High-Precision 3D Printers
MINNEAPOLIS & REHOVOT, Israel--Stratasys Ltd. (NASDAQ:SSYS), a leading global provider of 3D printing and additive manufacturing solutions, today announced Kangshuo Group Co. Ltd is opening the largest 3D printing service bureau network dedicated to serving Chinas domestic market with up to 1,000 high precision 3D printers from the companys Solidscape, Inc. subsidiary. The 80,000 square-foot multi-story facility in Foshan City, Guangdong Province, P.R. China represents the first phase of a multi-year agreement to build and equip four service bureaus.
This far-reaching agreement includes the creation of 100 Innovation and Entrepreneurship Centers across China, each featuring Stratasys Solidscape high precision 3D printers. Also included in the comprehensive agreement is a plan to supply Chinas 3D printing education initiative with large quantities of Solidscape 3D printers. Finally, the facility features a full 21,000 square foot assembly factory where Kangshuo will assemble-to-order Solidscape 3D printers for sale in the domestic Chinese market.
This marks the most comprehensive 3D printing collaboration to date in China for Solidscape, and is aimed to help drive significant revenue growth for US-based Solidscape.
"This is an historic day for modern China. We are very excited about opening the largest 3D printing service bureau in China. We believe that we can now offer our customers the best possible products for the jewelry sector and help drive innovation in China," stated Kangshuo President Bin Liu. "For us, the clear choice was Solidscape. It is the beginning of a long and prosperous journey together."
Underpinning future success of the collaboration is the commitment by the Chinese government to embrace 3D printing as a driving force in Chinas future manufacturing development. "3D printing technology is very important - we need to have this new industrialization as soon as possible," according to President Xi Jinping of China. Both the Ministry of Industry and Information Technology and the Ministry of Education have developed aggressive, multi-decade plans for growing and employing a highly skilled workforce. The Foshan City initiative is one of the top five enterprises highlighted by the District government office.
"We believe our collaboration is the driving force in creating a new 3D printing ecosystem in China," said Fabio Esposito, President of Solidscape, a Stratasys company. "With Stratasys Solidscape 3D printers, Kangshuo is creating Chinas largest Custom 3D Printing Manufacturing network, building an assembly factory for equipping Chinas emerging 3D printing markets, opening Innovation and Entrepreneurship Centers across China and working with the government on educating a highly-skilled workforce. It is an amazing example of global cooperation. We are honored to have such a strong ally as Kangshuo."
Kangshuo exclusively chose Solidscape high precision 3D printers since these 3D printers produce the most accurate, detailed models with the industrys highest quality surface finish - all critical for the rigorous demands of custom manufacturing applications. The combination of a high precision 3D printer capable of a 6 micron resolution with wax materials enables custom manufacturers to design and 3D print models with complex, organic geometries that are 100% castable in any metal.
About Solidscape, Inc. Company:
Solidscape, Inc., a wholly owned subsidiary of Stratasys, Inc. (NASDAQ:SSYS), is the leader in high precision 3D printers for manufacturing applications. Over the years, Solidscape has set the bar for the highest standards in surface finish, accuracy and material castability. Solidscape delivers 3D printers for advanced manufacturing so customers can create wax patterns to be cast in metal or used for mold making (RTV) applications, ideal for industries including aerospace, consumer products, education, defense, industrial products, jewelry and medical devices and advanced research. Learn more at www.solid-scape.com.
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