Investing.com -- Shares of 3D Systems (NYSE:DDD) soared 10% today following the announcement of a partnership with Daimler (OTC:MBGAF) Truck | Daimler Buses to decentralize spare part production using 3D printing technology. The collaboration is expected to enhance vehicle uptime and revolutionize the way spare parts are manufactured and distributed.
The partnership combines 3D Systems' expertise in additive manufacturing solutions with Daimler Buses' experience in production and maintenance. This strategic move will allow Daimler Buses to produce spare parts on-demand through a network of certified 3D printing partners, thereby reducing the time to parts in hand by up to 75% and minimizing vehicle downtime due to maintenance.
The innovative solution includes 3D Systems' SLS 380 printer and Oqton’s software, along with Wibu-Systems' digital rights and IP management, ensuring that Daimler Buses can deliver enhanced service capabilities while protecting its intellectual property. Service providers and bus companies can join the network by purchasing a license for 3DXpert through Daimler Buses’ Omniplus 3D-Printing License eShop, which will enable them to decrypt design files and produce the exact quantity of parts needed for specific repair jobs.
Ralf Anderhofstadt, head of center of competence additive manufacturing at Daimler Truck and Buses, emphasized the benefits of the solution, including shortened service times and reduced complexity in supply chains. Jaime Garcia, additive solutions manager at 3D Systems, also highlighted the resilience and efficiency improvements that this technology integration brings to the supply chain.
The additive manufacturing market in the automotive sector is poised for growth, with an expected increase from $2.9 billion in 2022 to $7.9 billion by 2027, according to Markets and Markets. This partnership aligns with the industry's trajectory and showcases 3D Systems' role in advancing additive manufacturing solutions in the transportation sector, ultimately leading to more efficient production and cost reductions for manufacturers.
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