Stratasys Expands Beyond Polymers, Adding Production Grade Metal Manufacturing Technology to its Offering with Tritone Technologies

Stratasys Ltd. (NASDAQ: SSYS) announced today that it is strengthening its additive manufacturing (AM) industry leadership position as the go-to choice for manufacturers by investing in and establishing a key business collaboration with industrial metal 3D printing company, Tritone Technologies.

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The agreement brings cutting-edge, industrial scale, production-grade metal and ceramic technology to Stratasys’ offering, advancing the company’s position as a comprehensive, end-to-end provider of a broad range of AM solutions.

The transaction aims to further reduce barriers to AM adoption by eliminating complexity in choice and vendors that, at times, presents challenges for customers. Tritone’s metal and ceramic offering is geared toward serial production and aligns with the Stratasys strategy to address this greater trend in the industry toward manufacturing at scale.

“Manufacturers that trust Stratasys as their AM partner—including in government, defense, and aerospace—frequently ask us to complement our polymer offering with a reliable, industrial-grade metal solution,” said Dr. Yoav Zeif, Chief Executive Officer of Stratasys. “After a long search, we found Tritone to offer a unique combination of part quality, cost-efficiency, with a sustainable business model built around consumables and services. This agreement significantly expands our total addressable market.”

Participation in the most recent investment round, which includes Discount Capital and Fortissimo Capital, provides Stratasys with an initial minority ownership stake along with a path, at Stratasys’ option, to increase its equity stake and potential future ownership. In addition, a phased commercial agreement has been structured to foster close collaboration between the companies, with a focus on supporting Tritone’s reseller network and leveraging sales and marketing synergies.

“We believe that the partnership between the two companies - and the strong synergy at its core - will accelerate their growth and deliver meaningful value to the market. Stratasys’ extensive experience and global leadership, combined with Tritone’s unique technological capabilities, create an exceptional opportunity for us as investors,” said Hanoch Papoushado, Chief Investment Officer at Discount Capital.