Back in April, Stratasys (NASDAQ:SSYS) announced its intent to purchase 3-D printing service provider Solid Concepts for $295 million. Having been in business since 1991, Solid Concepts is one of the world's leading 3-D printing service providers in terms of technical expertise.
On a high level, Stratasys purchased Solid Concepts because it gives the company access to 3-D printing manufacturing expertise, and a host of 3-D printing technologies that Stratasys doesn't sell. As a result, Stratasys is now better equipped to capitalize on the growth of 3-D printing, regardless of what technology ultimately prevails. Being technology agnostic mitigates the risk of a technology portfolio becoming obsolete, and allows a company to better serve its customers' ever-changing needs.
In the following video, 3-D printing specialist Steve Heller asks Scott McGowan, vice president of marketing at Solid Concepts, to provide an overview of its approach to technology, and to give more insight into the growth around 3-D metal printing. Going forward, Stratasys investors should acknowledge that longer-term success in 3-D printing isn't likely going to rely on a single technology or approach, but instead, a multi-faceted approach to technology and business.
Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!
Steve Heller has no position in any stocks mentioned. The Motley Fool recommends Stratasys. The Motley Fool owns shares of Stratasys. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.