MOORESVILLE, N.C. & MINNEAPOLIS--(BUSINESS WIRE)--
Penske announced that it has formed a technical partnership with Stratasys
Ltd. (Nasdaq:SSYS), the 3D printing and additive manufacturing
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Simon Pagenaud participates in pre-season testing at Phoenix International Raceway behind the wheel of his No 1 PPG DallaraChevrolet IndyCar (Photo: Stratasys).
As part of a multi-year agreement that begins in 2017, Stratasys will
provide equipment and support services to assist Team Penske in its
engineering and manufacturing efforts across its NASCAR and IndyCar
racing platforms. Stratasys, as an Official 3D Printing Solutions
Partner, will furnish Team Penske with state-of-the-art 3D printing
solutions to create manufacturing tooling and car parts as well as
rapidly generate engineering prototypes.
Under the new technical alliance, Stratasys will also provide technical
support to Team Penske for customized motorsports applications and
"Our strategic partnership with Stratasys should keep our manufacturing
and engineering processes at the front of the pack," said Team Penske
President Tim Cindric. "Stratasys is on the cutting edge of additive
manufacturing technology for automotive applications. Utilizing their
equipment and technical support will provide us with another means to
put our ideas on the race track first."
Stratasys plans to highlight its new partnership with Team Penske by
engaging with its customers through tours of the team's facility,
technical talks and product demonstrations designed to showcase the
company's unique solutions and offerings.
"We are proud to be a part of Team Penske and look forward to working
with them over the coming years to drive their NASCAR and IndyCar teams
to victory," said Rich Garrity, President Americas at Stratasys.
"Stratasys additive manufacturing solutions are being increasingly
adopted by the world's top motorsports teams and manufacturers. The
engineering-grade quality, high throughput and wide choice of materials
our 3D printing solutions provide are a perfect fit for the customized
tools and innovative part designs our automotive customers demand."
The 2017 Monster Energy NASCAR Cup Series season begins in February with
the running of the Daytona 500 on February 26. The NASCAR XFINITY Series
also begins at Daytona on February 25. The 2017 Verizon IndyCar Series
season starts March 12 on the Streets of St. Petersburg, Florida.
About Team Penske
Team Penske is one of the most successful
teams in the history of professional sports and celebrated its 50th
Anniversary in 2016. Cars owned and prepared by Team Penske have
produced more than 440 major race wins, over 500 pole positions and 29
National Championships across open-wheel, stock car and sports car
racing competition. In its storied history, the team has also earned 16
Indianapolis 500 victories, two Daytona 500 Championships, a Formula 1
win and overall victories in the 24 Hours of Daytona and the 12 Hours of
Sebring. Team Penske currently competes in the Verizon IndyCar Series,
the Monster Energy NASCAR Cup Series and NASCAR XFINITY Series. The team
also races in the Virgin Australia Supercars Championship, in a
partnership with Dick Johnson Racing, as DJR Team Penske. For more
information about Team Penske, please visit www.teampenske.com.
For more than 25 years, Stratasys Ltd.
(NASDAQ:SSYS) has been a defining force and dominant player in 3D
printing and additive manufacturing - shaping the way things are made.
Headquartered in Minneapolis, Minnesota and Rehovot, Israel, the company
empowers customers across a broad range of vertical markets by enabling
new paradigms for design and manufacturing. The company's solutions
provide customers with unmatched design freedom and manufacturing
flexibility - reducing time-to-market and lowering development costs,
while improving designs and communications. Stratasys subsidiaries
include MakerBot and Solidscape, and the Stratasys ecosystem includes 3D
printers for prototyping and production; a wide range of 3D printing
materials; parts on-demand via Stratasys Direct Manufacturing; strategic
consulting and professional services; and the Thingiverse and GrabCAD
communities with over 2 million 3D printable files for free designs.
With more than 2,700 employees and 1,200 granted or pending additive
manufacturing patents, Stratasys has received more than 30 technology
and leadership awards. Visit us online at: stratasys
automotive or automotive
blog, and follow us on LinkedIn.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170221006206/en/
Jeremy Troiano, 704-726-6849
Craig Librett, 518-424-2497
Mattsoff, +972-74-745-4000 (IL)
Source: Stratasys Ltd.
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