3D Systems Corporation (NYSE:DDD), one of the leading providers of the most comprehensive and affordable 3D printing products and services was ranked 13th in the Forbes 100 Most Innovative Growth Companies with less than $10 billion market capitalization.
Those included in the Forbes 100 Most Innovative Growth Companies demonstrated their ability to continue to grow through innovation. According to Forbes, the companies are “ranked by their innovation premium: the difference between their market capitalization and a net present value of cash flows from existing businesses (based on a proprietary formula from Finstra Consulting in collaboration with Innovators DNA LLC (using data provided by HOLT, a division of Credit Suisse).”
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Forbes also explained that the difference between those included in the list of 100 Most Innovative Growth Companies is the bonus provided by equity investors on the “educated hunch” that the company would continue to develop a “profitable new growth.” The business magazine generates its annual list by measuring “Innovative Premium” using a propriety formula in collaboration with Credit Suisse Group AG (ADR) (NYSE:CS).
3D Systems ranking underscores its commitment to innovation
In a statement, Avi Reichental, president and CEO of 3D Systems Corporation (NYSE:DDD) said, “Ranking 13 on this distinguished Forbes’ list of the most innovative companies underscores our commitment to accelerated innovations that advance 3D Printing 2.0 targets.”
“We are committed to making 3D printing affordable, fast and capable of meeting the most demanding performance requirements for a wide range of industrial manufacturing cases, personalized healthcare applications as well as desktop design and consumer needs,” added Reichental.
3D Systems received International Excellence Award
Earlier this month, 3D Systems Corporation (NYSE:DDD) received a recognition from the 2014 International Design Excellence Awards (IDEA) from the for its two Bespoke design applications—the 3D printed personal Ekso robotic exoskeleton and Bespoke Braces for hand and wrist.
Commenting on the award, Andy Christensen, vice president of Personalized Surgery and Medical Devices at 3D Systems Corporation (NYSE:DDD) said, “3D printing and scanning are allowing massive steps forward in the field of custom-designed braces that reflect and support a patient’s unique form.
He added that the work and research done by the teams at 3D Systems “represent the cutting edge in patient-specific treatments, and it is satisfying to see that work being recognized for the design excellence that results.”