The latest news follow the announcement of the closure of their Andover facility to be completed mid-2016 and resulting in a lay-off of 80 employees. While the 3D Systems’ share has plunged from over in January 2014 to around $ 9 at it lowest, CEO and President Avi Reichental has left the company after a mutual agreement with the board two month ago. “ We are focusing our efforts on enabling professionals and companies to improve their designs, transform their workflows, bring innovative products to market and drive new business models.”
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“ In c onnection with our ongoing review of our business and industry, we believe that the most meaningful opportunities today are in professional and industrial settings, from the product design shop to the operating room to the factory floor,” said Andy Johnson, Interim-Chief Executive Officer & Chief Legal Officer, 3D Systems. 3D Systems will also provide ongoing support for customers through a new e-commerce platform on the company’s primary corporate domain, as the consumer platform will be closed on January 31, 2016. Availability of the CubePro 3D printer, designed for desktop engineering, educational and professional applications, will continue uninterrupted. The sale of the existing inventory of Cube desktop 3D printer, along with materials, will continue. According to a recent press release, “ the move reflects management’s plans to focus its resources and strategic initiatives on near-term opportunities and profitability.” Manufacturer 3D Systems announced that it will discontinue production of its consumer 3D printer, the Cube.