3D Systems (NYSE:DDD) shares rose slightly after Polar 3D said it bought STEAMtrax from the company, without disclosing financial details of the transaction. STEAMtrax is an STEAM-based curriculum that integrates engineering, CAD modeling and 3D printing technology with core academic knowledge in areas of science, math, language arts, social studies, and art, according to a 3D statement Tuesday. STEAMtrax curriculum is currently available for students in grades K-8, with high school curriculum to launch by August 2016. “With 3D Systems exit from the consumer market, we saw an opportunity to partner with them and continue their great work and momentum in the education space,” said Greg LaLonde, chief executive officer of Polar 3D. 3D shares trade in the lower half of their 52-week range of $6.00 – $32.88.
The stock is up 0.12% or $0.02 after the news, hitting $16.65 per share. About 4.02M shares traded hands. 3D Systems Corporation (NYSE:DDD) has risen 26.55% since September 3, 2015 and is uptrending. It has outperformed by 21.90% the S&P500.
3D Systems Corporation, through its subsidiaries, provides 3D printing products and services worldwide. The companyÂ’s 3D printers transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts using a range of print materials, including plastic, metal, nylon, rubber, wax, and composite materials. It offers various 3D printing technologies, such as stereolithography, selective laser sintering, direct metal printing, multijet printing, colorjet printing, and plasticjet printing. The company also develops, blends, and markets various print materials, such as plastic, nylon, metal, composite, elastomeric, wax, and Class IV bio-compatible materials.
It offers its printers under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names. In addition, the company provides digital design tools, including software, scanners, and haptic devices, as well as products for product design, mold and die design, 3D scan-to-print, reverse engineering, and production machining and inspection. Further, it offers proprietary software and drivers that provide part preparation, part placement, support placement, build platform management, and print queue management; and 3D virtual reality simulators and simulator modules for medical applications, as well as digitizing scanners for medical and mechanical applications. Additionally, the company provides warranty, maintenance, and training services. It primarily serves companies and small and midsize businesses in a range of industries, including automotive, aerospace, government, defense, technology, electronics, education, consumer goods, energy, and healthcare. The company sells its products and services through its direct sales force, resellers, and channel partners and distributors. 3D Systems Corporation was founded in 1986 and is headquartered in Rock Hill, South Carolina.
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