The unveiling of a ground-breaking digital service solution created in partnership with Daimler Truck has resulted in a notable increase in the share value of 3D Systems Corporation (NYSE: DDD). The most recent market update shows that shares have increased by 25.21% to $3.81.
Revolutionizing Spare Parts Production Through Additive Manufacturing
The collaborative effort between 3D Systems and Daimler Truck has yielded a solution designed to streamline remote spare part printing. This initiative combines Daimler Buses’ extensive production and maintenance expertise in automotive serial additive manufacturing for trucks, buses, and motorcoaches with 3D Systems’ proficiency in 3D printing technology, materials, and applications.
The partnership also incorporates Oqton’s advanced software capabilities and Wibu-Systems’ expertise in digital rights and intellectual property (IP) management. This synergistic approach allows Daimler Buses to offer enhanced service capabilities to its certified additive manufacturing (AM) partners while simultaneously safeguarding its valuable IP and competitive advantage.
Enhanced Efficiency and Reduced Downtime for Commercial Fleets
This innovative solution empowers Daimler Buses’ certified 3D printing partners to manufacture spare parts locally for a range of applications, including underhood components and cabin interior elements such as pins, covers, and inserts. This localized production significantly increases flexibility and efficiency, resulting in a reduction of up to 75% in the time required to obtain necessary parts.
Consequently, commercial truck, bus, and touring coach companies will experience substantial indirect cost savings by minimizing vehicle downtime due to maintenance. For these companies, the decrease in downtime results in higher output and income generating.
A New Era of Supply Chain Resilience and Decentralized Production
Daimler’s partnership with 3D Systems, a top producer of 3D printing technology, is a big step toward achieving its goal of producing replacement parts in a decentralized manner. Through decentralized manufacturing, the solution’s integration of Digital Rights Management (DRM) enables faster servicing times, further increasing commercial vehicle owners’ efficiency and income.
The new solution allows for on-demand production through collaboration with local service bureaus, drastically reducing wait times and improving overall productivity, ushering in a new era of supply chain resilience. The integration of 3D Systems’ SLS 380, a high-throughput additive manufacturing solution, further enhances the workflow, marking the first integration of this technology into Daimler Buses’ operations.