Stratasys Ltd. ( SSYS ) shares were trading lower on Monday after it company disclosed the signing of a Memorandum of Understanding with German software firm trinckle 3D GmbH.

The agreement will integrate Trinckle's fixturemate software into Stratasys' ( SSYS ) GrabCAD Print Pro platform, enhancing its capabilities for advanced additive manufacturing.

This collaboration is expected to enhance Stratasys' ( SSYS ) tooling workflow by making fixture design more accessible to users without CAD experience.

By integrating fixturemate into GrabCAD Print Pro, Stratasys ( SSYS ) broadens its user base and streamlines the process from design to production, fostering greater innovation.

The integration allows manufacturers to easily design and customize 3D-printed fixtures without needing CAD expertise, meeting the increasing demand for fixture and tooling solutions across a wide range of sectors—including industrial manufacturing, transportation, contract services, and repair industries.

Stratasys ( SSYS ) will debut the fixturemate and GrabCAD Print Pro integration at RAPID + TCT in Detroit from Tuesday through Thursday and will be available later this year across Stratasys' ( SSYS ) full technology lineup.

Victor Gerdes, vice President, software, Stratasys ( SSYS ) said, “This new offering is targeted at delivering significant savings in time and workforce development, while allowing customers to use our solutions for both print preparation as well as critical design tasks for manufacturing,”

Florian Reichle, CEO of trinckle 3D added, “By integrating fixturemate with Stratasys’ GrabCAD Print Pro, we’re making it easier than ever for manufacturers to create custom, production-ready fixtures in minutes. This software will eliminate bottlenecks, accelerate workflows and maximize the value of additive manufacturing.”

Last month, the company reported fiscal fourth-quarter 2024 revenue of $150.359 million, beating the analyst consensus estimate of $149.597 million, and adjusted EPS of 12 cents, beating the consensus estimate of 11 cents.

Investors can gain exposure to the stock via ProShares S&P Kensho Smart Factories ETF ( MAKX ) and Pacer BlueStar Engineering the Future ETF ( BULD ) .

Price Action: SSYS shares are down 3.38% at $8.71 at the last check Monday.

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