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3D Systems shares wanted after unveiling new 3D printer

The CES 2016 show is imminent so the tech companies are rushing out new products

3dPrinter.jpg
One of 3D Systems' earlier 3D printers

3D Systems (NYSE:DDD) has unveiled the ProX DMP 320, the latest addition to the company’s line of direct metal 3D printers.

The ProX DMP 320 is designed for high precision, high throughput direct metal printing and optimized for critical applications requiring complex, chemically-pure titanium, stainless steel or nickel super alloy parts, the company said.

The timing of the release is no coincidence, with the consumer electronics show, CES 2016, kicking off later this week in Las Vegas.

“We’ve been working closely with leading customers through extensive beta testing of this machine and the feedback we have received distinguishes this printer as one primed to transform expectations for timelines, process and results,” said Mark Wright, executive vice president and chief operating officer of 3D Systems.

Shares in 3D were up 11.7% at US$9.71 in lunchtime trading.

Quick facts: 3D Systems

Price: 11.55 USD

NYSE:DDD
Market: NYSE
Market Cap: $1.37 billion
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