Stratasys (SSYS) launches ProtectAM and increases its product portfolio
Stratasys SSYS recently launched a new cybersecurity solution for additive manufacturing called ProtectAM. The latest product launch is primarily aimed at providing enhanced security while implementing 3D printing solutions by the US government.
According to the Security Technical Implementation Guide published by the Defense Information System Agency (“DISA”) of the US Department of Defense, the US government is required to use cybersecurity platforms to adhere to security protocols. Stratasys launched ProtectAM to meet the data security requirements that accompany the growing demand for 3D printing implementations within the US government.
ProtectAM will be the first data security platform to use Red Hat Enterprise Linux, an open source operating system, in additive manufacturing. Red Hat Enterprise Linux will provide sensitive yet flexible and scalable computing for various government agencies adopting 3D printing technology.
The deployment will initially be available for Stratasys Fortus 450mc printers starting October 1. It will be available for other Stratasys large format FDM printers like the F900 by the end of this year, while it will likely be available for the F370 and F770 models in the first quarter of fiscal 2022. In the first quarter of Fiscal year 2022, it will be available to printers using Stratasys technologies other than FDM.
It is worth mentioning that the launch is likely to help other industry segments by providing cybersecurity solutions and accelerating distributed manufacturing through 3D printing in the days to come.
Stratasys, Ltd. Price and consensus
Stratasys, Ltd. price-consensus-chart | Estimate Stratasys, Ltd.
Stratasys, the global leader in additive manufacturing, recently released several other innovative products that make prototyping easy in hours, reducing development time and upfront costs.
More recently, the company unveiled J35 Pro, its first multi-material 3D printer. The printer comes with an option to combine a variety of materials that can be printed simultaneously, giving engineers and designers the ability to produce parts that exactly match their needs. It also launched J55 Prime, an extended version of the J55 printer introduced in 2020.
Prior to that, Stratasys presented J5 MediJet, a compact medical 3D printer that integrates multiple applications into a single system enabling the creation of complex 3D anatomical models. The printer works 30% faster than other 3D printers.
As a large number of engineers, designers, architects and contractors resort to 3D solutions for the design and modeling of their products, the 3D printing market is becoming a favorable investment opportunity. long-term. The bright prospects of the 3D printing space have intensified the competition among the mainstays of 3D printing like HP Inc. HPQ, 3d systems DDD and voxeljet AG VJET.
Stratasys currently wears a Zacks Rank # 3 (Hold). You can see The full list of today’s Zacks # 1 Rank (Strong Buy) stocks here.
Zacks names “the best single pick to double”
Among thousands of stocks, 5 Zacks experts each chose their favorite to skyrocket + 100% or more in the coming months. Of these 5, research director Sheraz Mian chooses one to have the most explosive advantage of all.
You’ve known this company from its past glory days, but few would expect it to be ready for a monster turnaround. Fresh out of a successful repositioning and flush with A-List celebrity mentions, it could rival or overtake other recent Zacks stocks which are expected to double as Boston Beer Company which climbed + 143.0% in just a bit. more than 9 months and Nvidia which climbed + 175.9% in a year.
Free: see our best stock and 4 finalists >>
Click to get this free report
HP Inc. (HPQ): Free Stock Analysis Report
Stratasys, Ltd. (SSYS): Free Stock Analysis Report
3D Systems Corporation (DDD): Free Inventory Analysis Report
voxeljet AG (VJET): free stock analysis report
To read this article on Zacks.com, click here.
Zacks investment research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.