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Share Name | Share Symbol | Market | Type |
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HP Inc | NYSE:HPQ | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 28.41 | 28 | 12:30:05 |
Customers worldwide ramping up 3D printing installations; More than 3 million Multi Jet Fusion parts produced in last year alone; Breakthrough program to digitally reinvent HP product lifecycle
“Our mission is to change the way the world designs and manufacturers with 3D printing. We are seeing an increase in high-volume 3D production as the industry accelerates its journey towards a digital future,” said Stephen Nigro, President of 3D Printing, HP Inc. “Customers are leaning in, driving improved economics, and increasing production of industrial-grade parts – in the last year alone more than three million parts were produced on Multi Jet Fusion and more than 50% are for end use. As one of the largest manufacturers in the world, HP is also leveraging our own technology to transform our product development lifecycle to help lower costs, speed time to market, increase customer satisfaction, and improve sustainability across our business.”
Acceleration of Industrial 3D Printing As demand for production-grade 3D printing grows, many HP customers are placing repeat orders and upgrading their deployments to increase capacity of their HP Jet Fusion 3D printer arrays to fulfill higher order volumes and grow their businesses.
Reinventing HP’s Product Lifecycle With Multi Jet Fusion 3D Printing
HP itself is one of the largest designers, manufacturers, and distributers of products in the world. As part of an innovative Reinventing HP With Multi Jet Fusion program to leverage its own 3D printing technology to lower costs, speed time to market, increase customer satisfaction, and improve sustainability, HP is using Multi Jet Fusion across its Print, Personal Systems, and 3D Printing business units.
“HP delivers nearly 100 million products annually through a sophisticated network of HP factories, original design manufacturers, and logistics providers across more than 170 countries,” said Stuart Pann, Chief Supply Chain Officer, HP Inc. “This unique program brings together product design, engineering, procurement, supply chain operations, and manufacturing to unleash the potential of Multi Jet Fusion. Embracing the design freedom of 3D printing, HP is making breakthroughs in cost, productivity, quality, and performance as we digitally reinvent our product lifecycle and supply chain.”
As a sustainability leader, HP is also pioneering 3D printing benefits such as reduced warehousing and transportation due to on-demand production, reduced scrap as a result of better supply/demand control, reduced material consumption and increased material recyclability, and reduced fuel consumption of the end product in industries such as auto and aerospace thanks to lightweight designs possible only with 3D printing.
Just a few real-world examples of the many benefits of HP’s first-of-its kind program include:
Design Freedom and Product Performance
Cost Savings, Speed to Market and Sustainability
To learn more about this innovative program and specific 3D printing applications, join Michelle Bockman, Global Head of 3D Printing Commercial Expansion and Development, for the “Behind the Scenes: Driving Our Own Digital Transformation” AMUG Diamond Session on Tuesday, April 10 at 11:00 a.m. in Ballroom A.
HP at AMUG Attendees at AMUG can learn more about the entire HP Jet Fusion portfolio, including live demos of the new full-color HP Jet Fusion 3D 300 / 500 series, see the latest HP Multi Jet Fusion applications, and join a hands-on workshop for current and future HP Open Platform Materials at HP’s booth, Demo Suite D5.
About HP HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions and services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com/go/3Dprinting.
Forward-Looking Statements This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of HP Inc. and its consolidated subsidiaries (“HP”) may differ materially from those expressed or implied by such forward-looking statements and assumptions.
All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to any projections of net revenue, margins, expenses, effective tax rates, net earnings, net earnings per share, cash flows, benefit plan funding, deferred tax assets, share repurchases, currency exchange rates or other financial items; any projections of the amount, timing or impact of cost savings or restructuring and other charges; any statements of the plans, strategies and objectives of management for future operations, including the execution of restructuring plans and any resulting cost savings, revenue or profitability improvements; any statements concerning the expected development, performance, market share or competitive performance relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on HP and its financial performance; any statements regarding pending investigations, claims or disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing.
Risks, uncertainties and assumptions include the need to address the many challenges facing HP’s businesses; the competitive pressures faced by HP’s businesses; risks associated with executing HP’s strategy; the impact of macroeconomic and geopolitical trends and events; the need to manage third-party suppliers and the distribution of HP’s products and the delivery of HP’s services effectively; the protection of HP’s intellectual property assets, including intellectual property licensed from third parties; risks associated with HP’s international operations; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its suppliers, customers, clients and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the results of the restructuring plans, including estimates and assumptions related to the cost (including any possible disruption of HP’s business) and the anticipated benefits of the restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP’s Annual Report on Form 10-K for the fiscal year 2017, and HP’s other filings with the Securities and Exchange Commission. HP assumes no obligation and does not intend to update these forward-looking statements. HP’s Investor Relations website at http://www.hp.com/investor/home contains a significant amount of information about HP, including financial and other information for investors. HP encourages investors to visit its website from time to time, as information is updated, and new information is posted.
Noel Hartzell, HP inc. +1 415 786 4323 noel.hartzell@hp.com www.hp.com/go/newsroom
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