3D Systems Corporation ( DDD ) shares are trading higher Wednesday after the company received a purchase agreement.

What Happened: The contract builds upon 3D systems role as a supplier of 3D printing technology for producing clear aligners. Today, the company allows for the manufacture of about one million patient-specific clear aligners per day.

The company announced the signing of this agreement Tuesday after the market closed. The value of the agreement is anticipated to reach a quarter-billion dollars through 2028.

In addition, 3D Systems ( DDD ) believes that this agreement builds a strong foundation to expand further into the dental market, including novel technology for the direct printing of clear aligner products.

“3D Systems captured an industry-leading position in digital dentistry many years ago, very early in its evolution,” said Dr. Jeffrey Graves, president and CEO, 3D Systems ( DDD ).

“We believe the dental industry is now poised for a broad-based acceleration in the adoption of additive manufacturing technology that will impact all major dental applications, from tooth alignment and protection, to repair and replacement…”

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DDD Price Action: At the time of publication, 3D Systems ( DDD ) shares are trading 21.1% higher at $4.19, according to data from Benzinga Pro.

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