GKN Group Consolidates All Additive Manufacturing Activities Into New Company Brand

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Global engineering group GKN plc has separate, specified company divisions in aerospace, automotive engineering, and powder metallurgy, and has utilized additive manufacturing in each of them for years, working to refine and research the technology. GKN has produced, certified, and seen its 3D printed aerospace components fly the friendly skies on nearly ten major platforms, and many of its 3D printed automotive parts are currently in use as well; the company is also a specialist AM powder producer. More than 58,000 people in over 30 countries are employed at GKN companies and joint ventures, and I would guess there will be more to come now that the company has announced it has consolidated all of its additive manufacturing activities together into a single, new brand – GKN Additive.

“GKN Additive is an incredibly exciting venture and the potential applications for the technology are endless,” said Jos Sclater, Head of Strategy at GKN. “The benefits of AM are significant, both for our customers and the world around us in terms of greener, more efficient production. There is also a tangible feeling that manufacturing is suddenly a very exciting place to be for the brightest and best engineering talent. That is great for the future of the industry and I am delighted that GKN Additive will be at the forefront of this revolution.”

Vulcain 2.1 demo nozzle, which is used for the Ariane 6 rocket and has over 50 kg of metal 3D printed onto the system, and the Vulcain 2 nozzle, for the previous Ariane 5 rocket.

As the company’s new brand puts it, AM technology is a new way of thinking about how today’s products are designed and manufactured. The GKN Additive brand combines advanced 3D printing technology with the company’s history of manufacturing parts for aerospace and automotive engineering.

The brand operates from multiple global centers of excellence in four countries, which focus on all production aspects, including powder production, manufacturing, and final part certification. Three of these centers are located in the US, and four are across the pond – the company’s UK headquarters, which specializes in powder bed processes, two in Germany, and one in Sweden. GKN Additive provides customers around the world with a complete AM solution, so they can use creative solutions and high-quality materials and processes to overcome engineering challenges across multiple industries.

There are four important factors in producing additively manufactured components for industrial purposes, the first of which is understanding the raw materials; in this case, metal AM powder. The second is the all-important process knowledge, so manufacturers can decide which specific AM technology to use, be it laser metal deposition, selective laser sintering, or powder bed fusion. An expertise in manufacturing is essential when you’re actually producing the components, as well as the fourth factor – the ability to certify or qualify the parts so they can be used.

“Thanks to our specialist powder business, Hoeganaes, and based on our 250 years of manufacturing and engineering experience, GKN is outstandingly placed to continue to lead in all four areas,” said Sclater. “And by bringing our AM expertise together in GKN Additive, we are not only able to continue supporting existing customers in our core aerospace and automotive markets, but also to explore entirely new AM markets too. It is an exciting step for GKN and a statement of our AM intent.”

Hoeganaes is part of GKN’s powder metallurgy division, and according to a DEVELOP3D blog post, agreed earlier this year to manufacture titanium powders in North America for AM applications in a joint venture agreement with TLS Technik in Germany.

Sclater’s mention of ‘intent’ is perhaps the most important part of the company’s announcement – this new AM brand consolidation is a signal to the rest of the world that GKN means business when it comes to additive manufacturing technology. Even though GKN Additive was just launched, the goal is for it to eventually become the “focal point” for all of the company’s AM projects.

What do you think of this news? Join the discussion of this and other 3D printing topics at 3DPrintBoard.com, or share your thoughts in the Facebook comments below.

[Source: ADS Advance / Images: GKN]

3D Systems Corporation (NYSE:DDD) Given “Neutral” Rating at Goldman Sachs Group, Inc. (The)

3D Systems Corporation (NYSE:DDD)‘s stock had its “neutral” rating reiterated by equities researchers at Goldman Sachs Group, Inc. (The) in a report released on Monday, June 26th. They presently have a $18.00 price target on the 3D printing company’s stock, up from their previous price target of $15.00. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential upside of 1.29% from the company’s current price.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of 3D Systems Corporation from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Friday, March 3rd. Needham & Company LLC restated a “hold” rating on shares of 3D Systems Corporation in a report on Tuesday, February 28th. Canaccord Genuity restated a “hold” rating and issued a $15.00 price target on shares of 3D Systems Corporation in a report on Friday, May 26th. FBR & Co restated a “hold” rating and issued a $18.00 price target on shares of 3D Systems Corporation in a report on Monday, May 15th. Finally, Jefferies Group LLC upped their price target on 3D Systems Corporation from $15.00 to $17.50 and gave the stock a “hold” rating in a report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. 3D Systems Corporation currently has a consensus rating of “Hold” and an average target price of $18.00.

Shares of 3D Systems Corporation (NYSE DDD) opened at 17.77 on Monday. 3D Systems Corporation has a 12 month low of $11.98 and a 12 month high of $23.70. The stock has a 50 day moving average of $21.38 and a 200 day moving average of $17.03. The stock’s market cap is $2.02 billion.

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In related news, COO Kevin Mcalea sold 17,500 shares of 3D Systems Corporation stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $20.63, for a total transaction of $361,025.00. Following the transaction, the chief operating officer now directly owns 276,074 shares of the company’s stock, valued at $5,695,406.62. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director G Walter Loewenbaum II sold 25,000 shares of 3D Systems Corporation stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $22.15, for a total value of $553,750.00. Following the transaction, the director now directly owns 1,042,402 shares in the company, valued at $23,089,204.30. The disclosure for this sale can be found here. Insiders sold 102,500 shares of company stock worth $2,221,425 over the last ninety days. 5.00% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Credit Agricole S A bought a new position in 3D Systems Corporation during the fourth quarter worth $125,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in 3D Systems Corporation during the fourth quarter worth $150,000. Concourse Capital Management LLC acquired a new stake in shares of 3D Systems Corporation during the first quarter worth approximately $177,000. Advantus Capital Management Inc raised its stake in shares of 3D Systems Corporation by 3.8% in the first quarter. Advantus Capital Management Inc now owns 13,764 shares of the 3D printing company’s stock worth $206,000 after buying an additional 498 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of 3D Systems Corporation during the fourth quarter worth approximately $219,000. Institutional investors and hedge funds own 54.86% of the company’s stock.

About 3D Systems Corporation

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

Analyst Recommendations for 3D Systems Corporation (NYSE:DDD)

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Voxeljet AG Price Target Lowered to $6.00 at Jefferies Group (VJET)

Voxeljet AG (NASDAQ:VJET) had its price objective decreased by Jefferies Group from $7.50 to $6.00 in a research report sent to investors on Monday morning, StockTargetPrices.com reports. Jefferies Group currently has a hold rating on the stock.

Several other research firms have also recently commented on VJET. Piper Jaffray reaffirmed a buy rating on shares of Voxeljet AG in a research note on Friday, August 14th. Brean Capital reissued a hold rating on shares of Voxeljet AG in a research note on Monday, August 17th. Zacks upgraded Voxeljet AG from a hold rating to a buy rating and set a $7.75 price target on the stock in a report on Wednesday, November 4th. Citigroup Inc. dropped their target price on Voxeljet AG from $9.00 to $8.00 and set a neutral rating on the stock in a report on Tuesday, July 21st. Finally, Stifel Nicolaus lowered their price target on Voxeljet AG from $9.00 to $8.50 and set an equal weight rating on the stock in a research report on Monday, August 17th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. Voxeljet AG currently has an average rating of Hold and an average target price of $9.33.

Shares of Voxeljet AG (NASDAQ:VJET) traded down 4.92% on Monday, reaching $5.41. The company had a trading volume of 20,835 shares. The firm’s market cap is $100.63 million. Voxeljet AG has a one year low of $4.17 and a one year high of $13.74. The company has a 50-day moving average price of $5.92 and a 200-day moving average price of $6.67.

Voxeljet AG (NASDAQ:VJET) last released its earnings results on Thursday, November 12th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.09. On average, analysts expect that Voxeljet AG will post ($0.41) earnings per share for the current fiscal year.

Voxeljet AG is a Germany-based company engaged in manufacture and sales of three-dimensional (NASDAQ:VJET) printers. The offer of the Company’s is aimed at industrial businesses active in areas such as aerospace, medicine, engineering, architecture, science, automotive, art, film and amusement. The organization is divided in two business areas: voxeljet SYSTEMS and voxeljet SERVICES. Voxeljet SYSTEMS offers development, production and supply of five print systems: VX200, VX500, VXC800, VX1000 and VX4000. Layered program of a particle material that is selectively bonded creates 3D models. A 3D printing service centre is operated by Voxeljet SERVICES for on demand creation of metal-casting moulds and models. 3D printers are offered by the center with a print volume of 200,000 liters per month. Furthermore, the Company offers mould design, casting services and post-processing of versions, and sales used equipment. Voxeljet AG operates one production plant.

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