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MINNETONKA, Minn. - Toyota’s production engineering group is enhancing manufacturing efficiency through its strategic collaboration with Stratasys Ltd. (NASDAQ:SSYS), a $913 million market cap 3D printing technology provider with a robust 45% gross margin, allowing workers to create tools, fixtures and jigs from concept to working prototype in a single day, according to a company press release. According to InvestingPro data, Stratasys maintains a strong financial position with more cash than debt on its balance sheet.
The automaker’s more than 10-year partnership with the 3D printing technology provider has equipped Toyota engineers with industrial-grade 3D printers and advanced materials designed for factory conditions. This capability reduces dependency on external suppliers and eliminates long lead times. The collaboration has contributed to Stratasys’s impressive performance, with the stock delivering a 50% return over the past year. Based on InvestingPro’s Fair Value analysis, the stock currently appears undervalued.
Toyota is utilizing multiple Stratasys printer models across its North American facilities to produce factory tooling, end-use parts, and functional prototypes. Much of this work is coordinated through the Toyota Add Lab, the company’s in-house additive manufacturing center opened in January 2023.
"Sometimes we start with nothing more than a sketch on paper or an idea in our heads," said Dallas Martin, Additive Manufacturing Engineer at Toyota North America. "We can model it digitally and hold a working part in our hands the very next day."
The technology has enabled practical improvements on the factory floor. Toyota engineers redesigned a door assembly fixture, creating a lighter, more ergonomic tool on-site within days. In another application, they developed a custom window alignment jig that transformed a multi-person job into a one-person task.
Lisa Bednar, Group Manager of Production Engineering at Toyota North America, noted that additive manufacturing has changed how teams collaborate. Instead of waiting weeks for externally produced parts, engineers can build and refine components the same day.
Rich Garrity, Chief Industrial Business Officer at Stratasys, said Toyota exemplifies how manufacturers can use additive manufacturing to deliver operational improvements, including faster production, increased adaptability, and enhanced workplace safety. With analysts projecting profitability this year and maintaining a bullish consensus, Stratasys shows promising potential. Discover more insights about Stratasys and 1,400+ other companies through comprehensive Pro Research Reports available on InvestingPro.
In other recent news, Stratasys Ltd. reported its first-quarter 2025 earnings, showing an earnings per share (EPS) of $0.04, which met analyst expectations, and revenue of $136 million, slightly below the projected $137.69 million. Despite the revenue miss, the company has been actively engaging in strategic initiatives. Stratasys extended its partnership with Andretti INDYCAR, continuing its role as the Official 3D Printing Partner, providing advanced 3D printing systems for the racing team. Additionally, Stratasys launched the GrabCAD Print Pro 2025 software to streamline manufacturing processes by reducing time and complexity. The company also introduced a new silicone material, P3 Silicone 25A, which enhances production capabilities by eliminating tooling requirements. In partnership with Automation Intelligence, Stratasys established a North American Tooling Center in Flint, Michigan, focusing on additive manufacturing applications. These developments reflect the company’s ongoing efforts to innovate and expand its technological offerings.
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