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Stratasys 3D Printing Technology Empowers Tool & Mold Manufacturer to Gain Repeated Business

May 25, 2014

Minimized production time with accurate and durable end parts for aerospace industry

Western Tool & Mold purchased Fortus Production System to further extend and complement the manufacturing process

HONG KONG, May 26, 2014 /PRNewswire/ -- Stratasys Asia Pacific, a subsidiary of

Stratasys Ltd.( http://www.stratasys.com ) (NASDAQ: SSYS), a global leader of 3D printing and additive manufacturing solutions, today announced that Western Tool & Mold had decided to purchase its second Fortus 3D Production System from Stratasys in its continued effort to minimize production time and improve resource management with accurate and durable end parts for the aerospace industry.

(Logo: http://www.prnasia.com/sa/2012/12/05/20121205155959811273-l.jpg )

(Photo: http://photos.prnasia.com/prnh/20140524/8521402969-a )

(Photo: http://photos.prnasia.com/prnh/20140524/8521402969-b )

Western Tool & Mold (WTM) specializes in tooling fabrication and injection molding of engineering grade resins, producing a wide range of products including aerospace components. WTM purchased its first Stratasys Fortus 400mc Production System, three years ago to make parts for aircraft interiors. Most of these parts are made with Stratasys ULTEM 9085, a Fused Deposition Molding (FDM) thermoplastic that complies with applicable government regulatory requirements for the aerospace industry. ULTEM 9085 is a strong, lightweight material that is heat resistant, flame-retardant, and offers full FST (flame, smoke and toxicity), ideal for aerospace applications.

"Manufacturing process, particularly in the aerospace industry, is an ongoing challenge," said Collin Wilkerson, Managing Director of Western Tool & Mold. "Aircrafts placed on an assembly line need parts instantly. Receiving the parts on time is critical as penalties are placed if deadlines are missed. Stratasys 3D printing technology saves time, giving us the power to produce parts to quickly provide solutions to our customers' problems, meeting immediate needs with accurate and durable end parts."

Integrating Stratasys 3D printing technology into the scope of service to customers has proved to be a successful added revenue stream for WTM with 100% customers returning to manufacture additional parts, using the Fused Deposition (FDM) Fortus 400mc Production System. WTM has recently made an additional purchase of a second Fortus machine - Fortus 900mc - to further extend and complement existing manufacturing processes.

"Costs saved by customers could be used for tooling. 3D printing is not cutting income from our tooling and injection molding business. Rather, it enables us to become a better supplier to our customers," Wilkerson further commented.

About Western Tool & Mold

Founded in 2004, the Western Tool & Mold is a Hong Kong based company that supplies total plastic solutions to Aerospace, Medical, Electronic, Industrial and Specialty industries. The company focuses especially on Tooling Fabrication and Scientific Plastic Injection Molding of Engineering Grade and Ultra Polymer Resins. They serve European and North American clients to produce small lots customized EMT parts, sensor bodies, metal replacement components with lower total cost and high flexibility. The Western Tool & Mold is also compliant with the Hong Kong Federation of Industries and can export into China Duty Free under the Closer Economic Partnership Agreement (CEPA) in Hong Kong. Online at:

http://www.wtmlimited.com

Stratasys Ltd. (Nasdaq: SSYS), headquartered in Minneapolis, Minnesota. and Rehovot, Israel, is a leading global provider of 3D printing and additive manufacturing solutions. The company's patented FDM(R) and PolyJetTM 3D Printing technologies produce prototypes and manufactured goods directly from 3D CAD files or other 3D content. Systems include 3D printers for idea development, prototyping and direct digital manufacturing. Stratasys subsidiaries include MakerBot and Solidscape, and the company operates the RedEye digital-manufacturing service. Stratasys has more than 1,900 employees, holds over 550 granted or pending additive manufacturing patents globally, and has received more than 25 awards for its technology and leadership. Online at: www.stratasys.com or http://blog.stratasys.com.

Cautionary Statement Regarding Forward-Looking Statements

Certain information included or incorporated by reference in this press may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are often characterized by the use of forward-looking terminology such as "may," "will," "expect," "anticipate," "estimate," "continue," "believe," "should," "intend," "project" or other similar words, but are not the only way these statements are identified. These forward-looking statements may include, but are not limited to, statements relating to the company’s objectives, plans and strategies, statements regarding the expected performance and impact of our products, statements that contain projections of results of operations or of financial condition (including, with respect to the MakerBot acquisition) and all statements (other than statements of historical facts) that address activities, events or developments that the company intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the company's ability to efficiently and successfully integrate the operations of Stratasys, Inc. and Objet Ltd. after their merger as well as MakerBot after its acquisition and to successfully put in place and execute an effective post-merger integration plans; the overall global economic environment; the impact of competition and new technologies; general market, political and economic conditions in the countries in which the company operates; projected capital expenditures and liquidity; changes in the company's strategy; government regulations and approvals; changes in customers' budgeting priorities; litigation and regulatory proceedings; and those factors referred to under "Risk Factors", "Information on the Company", "Operating and Financial Review and Prospects", and generally in the company's annual report on Form 20-F for the year ended December 31, 2013 filed with the U.S. Securities and Exchange Commission and in other reports that the company has filed with the SEC. Readers are urged to carefully review and consider the various disclosures made in the company's SEC reports, which are designed to advise interested parties of the risks and factors that may affect its business, financial condition, results of operations and prospects. Any forward-looking statements in this press release are made as of the date hereof, and the company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Stratasys Media Contacts

Stratasys APJ

Janice Lai

Janice.lai@stratasys.com

+852-3944-8888

SOURCE Stratasys AP


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Source: PR Newswire (Hong Kong Feed)


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