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GlobeNewsWire
17 days ago
3D Systems Provides Update on Software Strategy
ROCK HILL, S.C., Sept. 29, 2025 (GLOBE NEWSWIRE) -- Following a comprehensive strategic review of its major software platforms, 3D Systems (NYSE: DDD) today announced its decision to focus development efforts on its proprietary polymer solution, 3D Sprint®, in response to the transformative potential of artificial intelligence in additive manufacturing. As part of this strategic focus, the company intends to divest its software platforms designed for broad industry adoption across all OEM printer manufacturers, which includes its Oqton® Manufacturing Operating System (MOS) and 3DXpert® metal printing platforms. These platforms are, by design, agnostic to the printer manufacturer and created to support large, mixed fleets of printers within a customer's manufacturing environment. This move reflects 3D Systems' commitment to driving innovation and delivering differentiated value through its core technologies. Given the growing viability of direct metal printing as a cost-effective and technically advanced solution for a wide range of metal component applications, 3D Systems believes—at this stage of customer adoption—that industry standardization of metal print process planning and workflow is essential in order to accelerate direct metal printing adoption by customers around the world. Broader adoption will drive the scale needed to enable increased investment in software capabilities, which will in turn further accelerate global demand for metal printers. Under 3D Systems' ownership, both Oqton® MOS and 3DXpert® have been offered as printer-agnostic platforms, not confined to 3D Systems' metal printers, to global OEMs and customers alike. This approach has been effective in creating a strong technical foundation and brand awareness for both platforms. Transitioning these solutions to an independent software developer is expected to further accelerate OEM adoption of additive manufacturing and foster the standardization needed to transform the manufacturing landscape for metal printing. This will benefit customers and the entire OEM metal printing industry as demand rises for new systems. Hubb Global Holdings, a strategic investment group led by principals Steve Lokam and Kalyan Yenneti, signed a definitive agreement to acquire these market-leading assets. This strategic investment is aimed at significantly expanding their core capabilities, strengthening sales and service infrastructure, and driving broader industry adoption. The transaction is anticipated to close in the fourth quarter of 2025. Highlands Capital Advisors acted as the exclusive buyside advisor to Hubb Global Holdings through the entire transaction. Just as it has under 3D Systems' ownership, Oqton® MOS will operate under Hubb Global Holdings as an independent provider of printer-agnostic enterprise software that will enable the rapid integration of intelligent, cost-effective metal additive manufacturing into customers' factories. The same approach will be taken with 3DXpert®, whether it is incorporated into the Oqton® MOS or provided to customers as a standalone platform. This approach will benefit the entire industry by accelerating growth in customer demand for 3D metal printing technology, and its integration into factory operating environments around the world.