3D Systems Corporation (DDD) Partners With Staples

3D Systems Corporation (NYSE:DDD) announced Monday that it has partnered with retailer Staples, Inc. (NASDAQ:SPLS) to offer 3D printing services to two retail locations. The services will be offered at Staples’ stores on Wilshire Boulevard in Los Angeles and 5th Avenue in Manhattan, New York. You can bring your 3D print-ready files to these locations to have them printed.

Stores will have experts from 3D Systems to help customers

Staples, Inc. (NASDAQ:SPLS)’s SVP for business services, Damien Leigh said that the 3D printing technology would benefit millions of consumers and small businesses. 3D Systems Corporation (NYSE:DDD) said that the retail stores will have demonstration areas where customers can learn about 3D printing, and see its printers in action. The stores will have an expert from 3D Systems and trained copy & print associates from Staples to help customers.

Staples, Inc. (NASDAQ:SPLS)’s retail stores have six 3D printers to print customers’ items on site. More complex items will go to 3D Systems Corporation (NYSE:DDD). The Rock Hill, South Carolina-based company would ship to customers’ homes or offices when finished. At retail stores, customers will be able to print with powder or plastic substrates. They will also have options to use ceramic and nylon.

3D Systems’ pilot project gains interest from various market segments

3D Systems Corporation (NYSE:DDD) said prices are determined on a case-to-case basis depending on the volume of material used. Customers get a pricing estimate when they bring their print-ready files. Staples, Inc. (NASDAQ:SPLS)’s director of business development, Chris DeMeo said that a cellphone case made up of nylon and plastic sells for $30. But a customized figurine would cost customers about $70. The price of a 3D printed guitar may go up to $5,000.

DeMeo said the pilot project has garnered interests from product designers, medical professionals, jewelers, architects and even aerospace engineers. Staples, Inc. (NASDAQ:SPLS) also sells 3D Systems Corporation (NYSE:DDD)’s 3D printers. Prices of the most affordable of them, Cube 3D Printer, start at $1299.

3D Systems Corporation (NYSE:DDD) shares plunged 1.71% to $47.20 at 12:10 PM EDT on Monday.

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

About the Author

Vikas Shukla
Vikas Shukla has a strong interest in business, finance, and technology. He writes regularly on these topics. - He can be contacted by email at vshukla@valuewalk.com or on Twitter @VikShukla10

Be the first to comment on "3D Systems Corporation (DDD) Partners With Staples"

Leave a comment

Your email address will not be published.