Having an important place on digital printing services, Xerox joined among the companies adapting 3D printing. The company is stated to have very ambitious 3D projects in 2017.
Owning 9 million dollars market share with its 75 years of experience, Xerox prepares for innovation projects. Losing power in the last 5 years, the company is said to be hopeful for its 3 years strategic growth plan.
At the end of January the company announced that Xerox would be splitting itself up into two new companies following a comprehensive structural review of their various holdings and assets. The move is the result of an extensive review of their portfolio and their capital allocation options back in October of 2015. The plan to split Xerox up into two independent publicly- traded companies was unanimously approved by the company’s board, and the transaction will result in the creation of an $11 billion Document Technology company and a $7 billion Business Process Outsourcing company. The separation is due to be completed by the end of 2016, and the transformation is expected to deliver $2.4 billion in savings over next three years for both companies.
According to Janos Veres, Novel and Printed Electronics Program Lead at PARC, the Xerox Innovation Group is channeling its 3D printing expertise to create “smart devices”—new electronics which take full advantage of the design flexibility afforded by 3D printing. “Making a very complex part 3D printed is just as simple as making a cube—a simple geometric component,” Veres explained. “It take just pressing a button on the printer.”
“At Xerox Innovation Group, we want 3D printing to become a production technique for creating smart devices,” Veres explained. “Whether it’s a phone, a computer, smart labels, wearables, components in automotive or aerospace, customized sensors, or batteries, 3D printing has the potential to achieve that very exciting goal of being able to produce basically anything of any complexity.” Veres continued.