3D Systems Buys The Sugar Lab (DailyFinance)
On Tuesday, three-dimensional printing company 3D Systems Corporation (NYSE:DDD) announced that it has purchased a start-up micro-design firm by the name of The Sugar Lab for an undisclosed sum. The Sugar Lab’s business model centers on designing “customized, multi-dimensional, edible confections in real sugar” — to be printed on three-dimensional printing machines such as 3D manufactures. In fact, The Sugar Lab adopted 3D Systems Corporation (NYSE:DDD)’s own Color Jet Printing technology “to print on a sugar bed using different flavored edible binders that meet all food safety requirements.”
3D printer co Stratasys to raise over $400m on Nasdaq (Globes)
3D printer maker Stratasys, Ltd. (NASDAQ:SSYS) plans to raise more than $400 million in a public offering. The company, a merger of Israel’s Objet and Stratasys of the US, has a market cap of $4.1 billion, and had $148 million in cash at the end of June. The company has filed a prospectus with the US Securities and Exchange Commission (SEC) to issue four million shares, and will grant the underwriters an over-allotments option to buy up to 600,000 shares. At Monday’s closing price of $105.22, the offering will raise a gross $409 million, and if the underwriters exercise their options in full, the amount will increase to $471 million.
ExOne Co. prices stock offering at $62 a share (Pittsburgh Business Times)
The ExOne Co (NASDAQ:XONE), the 3D printing company based in North Huntingdon, said Tuesday that it plans to price its shares at $62 each in its upcoming public offering. ExOne expects to sell 2.6 million in shares, 1.1 million from the company and 1.5 million from some of its shareholders. ExOne Co (NASDAQ:XONE) expects to pocket about $64.8 million on its shares, money that it told investors it would use for potential mergers and acquisitions.
Stratasys Kicks Off Tenth Annual Extreme Redesign 3d Printing Challenge (MCADCafe)
Stratasys, Ltd. (NASDAQ:SSYS) today announced the opening of its 2014 Extreme Redesign 3D Printing Challenge. Now in its tenth year, the contest invites students worldwide to submit inventive new product designs, redesigns of existing products, or original or redesigned works of art or architecture. Designs are created on 3D CAD software. Students at the middle school, high school and college level are eligible to participate in the design challenge, and the winning submissions are awarded with scholarship money.