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Thursday, October 30, 2014

Stratasys sees robust 3D-printing market as HP reveals plans, (NYSE: DDD)

A day after Hewlett-Packard Co revealed plans for ground-breaking 3D printing technology, 3D-printing manufacturer Stratasys Ltd said it is expecting more competition and pointed to its strong position in a market expected to explode by the end of the decade. Hewlett-Packard on Wednesday said it had developed 3D-printing technology that can print 10 times faster at considerably less expense than current products, and that it plans to launch the technology broadly in 2016.Shares of Stratasys have slipped some 3 percent since the announcement, while those of rival 3D Systems Corp have dropped about 5 percent.At a media event on Thursday in New York, Stratasys executives said the global 3D-printing market is expected to swell from $3 billion last year to $21 billion by 2020, according to industry research."Even if some very good competitors are going to enter into this market, I think the growth of the market will allow (Stratasys and other companies to grow)," Stratasys Chief Executive Officer David Reis said in an interview on the sidelines of the event. "It's not going to be limited to one or two companies."

3D Systems Corporation (3D Systems) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region. Shares of DDD fell by 0.81% or $-0.3/share to $36.80. In the past year, the shares have traded as low as $36.12 and as high as $97.28. On average, 3342370 shares of DDD exchange hands on a given day and today's volume is recorded at 1920438.