Stratasys, Ltd. (SSYS)’s Makerbot Ties-Up With The Home Depot, Inc. (HD) To Get 3D Printers To the Masses; 3D Systems Corporation (DDD) Could Tick Up

Stratasys, Ltd. (NASDAQ:SSYS)’s Makerbot, a leader in 3D printer space, announced its partnership with The Home Depot, Inc. (NYSE:HD), which will allow it to offer its Replicator Desktop 3D Printer to Home Depot customers. The decision, which is basically a test program could give Stratasys, Ltd. (NASDAQ:SSYS) an advantage point against its rival 3D Systems Corporation (NYSE:DDD). The collaboration of the two companies is a pilot project to launch 3D printers for the first time to the general public. Meanwhile, Makerboat’s CEO, Bre Pettis, discussed the details about the program and its reason to pick The Home Depot, Inc. (NYSE:HD), during an interview with CNBC.

Stratasys, Ltd. (NASDAQ:SSYS)

Pettis said that the idea behind bringing 3D printers to the public is that they wanted to break the notion that these Printers are meant for only architects, engineers or home designers, who have to deal with innovation at every level. As Pettis revealed that during the process of creating 3D printers for their customer, they came to know that the use is much broader and could relate to the everyday life. On picking The Home Depot, Inc. (NYSE:HD) over Best Buy Co Inc (NYSE:BBY), Pettis explained:

“It’s one foot in front of the other. We like to build a good business, and Home Depot is a great partner for getting to the hands of people who are creative and who are empowered to make things.”

Thus, agreeably Stratasys, Ltd. (NASDAQ:SSYS) is trying to find a new customer base, which could eventually open space to 3D Systems Corporation (NYSE:DDD) as well.

As of now, Makerboat will roll out three models of its 3D printers at 12 Home Depot locations, including California, New York and Illinois. The lower-end offering from Makerbot costs $1,375, followed by a $2,899 model, while the top-end product on the shelf is priced as much as $6,499. MakerBot intends to spread the word about the multi-utilities and customization abilities of 3D printers through displaying them on specially designed kiosks, placed inside The Home Depot, Inc. (NYSE:HD). Pettis clearly sets out the aim; that is to get to the masses, “one of the interesting things is as we move into the consumer space, not only have we done this new partnership with home depot, but we just have partnerships with Ugly Dolls and Sesame Street to get interesting content into people’s hands.” Though the 3D printing stage among consumers is a very new concept, but it should help uplift 3D printing stocks like 3D Systems Corporation (NYSE:DDD).

Disclosure: none

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!