BREAKING NEWS – 5.07.2024

In the press release of July 4, 2024, SolidWorld Group, a leading company in digital technologies, 3D printing, 3D biomanufacturing, and state-of-the-art photovoltaic panel production, announced that its subsidiary, SolidWorld Middle East DMCC, based in Dubai, has secured an order worth €0.80 million. This order is for the supply of two 3D design and printing systems intended for industrial and textile use by a prestigious state entity in the United Arab Emirates.

The delivery of the two 3D printers is scheduled for October 2024. These printers will enable the customer to print 3D-scanned objects and designs on various surfaces, such as plastics and fabrics, ensuring the customization of aesthetically rich artifacts.

This order adds to the pipeline of contracts secured in May for the biomedical sector, also targeted at the same geographical area. The increasing number of orders from the UAE underscores the value of SolidWorld Group’s investment made at the beginning of 2023, which involved opening a new office in Dubai through the newly established SolidWorld Middle East DMCC.

In light of SolidWorld Group’s ongoing expansion in the international market, we reaffirm our recommendation: Target Price €6.00, Rating BUY, and Risk MEDIUM.

Leggi il pdf