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Wednesday 27 January 2016
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Pre-Market Stocks Recap: Stratasys, (NASDAQ:SSYS), Ball (NYSE:BLL), Star Bulk Carriers (NASDAQ:SBLK), Vornado Realty (NYSE:VNO)

On Wednesday, Stratasys, Ltd. (NASDAQ:SSYS)’s shares inclined 1.18% to $37.74.

MakerBot, a global leader in the desktop 3D printing industry, and Stratasys AP Ltd, a partner of MakerBot’s parent company Stratasys Ltd. ( SSYS), a leading global provider of 3D printing and additive manufacturing solutions, recently declared the strengthening of MakerBot’s market presence in Asia Pacific through MakerBot Asia Pacific & Japan (MakerBot APJ), a new MakerBot division to capture the growth potential of desktop 3D printers and scanners in the region. Stratasys has a strong presence in the region and MakerBot APJ aims to leverage on the existing Stratasys infrastructure to strengthen its local operations and expand availability of its products. MakerBot APJ will continue to support the existing MakerBot network of distributor and reseller partners in Asia Pacific.

Stratasys has 10 regional offices to serve its customers in Asia Pacific, counting the Asia Pacific headquarters in Hong Kong and presences in Shanghai, Beijing, Shenzhen, Tokyo, Osaka, Seoul, Busan, Singapore and Bangalore. These Stratasys offices will support MakerBot’s local business operations with marketing, sales and customer support initiatives. MakerBot APJ will be led by Shiry Saar, who has been designated General Manager and is based in Stratasys’ Asian headquarters in Hong Kong, operating under Stratasys AP Ltd. Saar had served in several administration roles at Stratasys formerly.

Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products; and for the direct manufacture of end parts. Its AM systems utilize its patented fused deposition modeling and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from three-dimensional (3D) CAD files or other 3D content. The company offers entry-level desktop 3D printers for idea and design development, a range of systems for rapid prototyping, and production systems for direct digital manufacturing under the Dimension, Objet, Fortus, Polyjet, SolidScape, and MakerBot brands.

Ball Corporation (NYSE:BLL)’s shares dropped -0.17% to $72.24.

Ball Corporation (BLL) will support Principal Investigator Dr. Philip Christensen at Arizona State University (ASU) to develop the Thermal Emission Imaging System for a NASA mission to study Jupiter’s moon, Europa.

The E-THEMIS is one of nine science instruments that will fly aboard a spacecraft to investigate whether the mysterious icy moon of Jupiter could harbor conditions suitable for life.

The E-THEMIS instrument will be built at ASU’s School of Earth and Space Exploration. ASU will do the instrument design, fabrication, assembly, test and calibration, together with mission operations and science data processing. Ball Aerospace will provide the engineering model and flight electronics, and will lead the development of the radiation-hardened microbolometer (used as a detector in a thermal camera) focal plane assembly and the design and implementation of the system radiation hardening and mitigation.

Ball Corporation, together with its auxiliaries, supplies metal packaging products to the beverage, food, personal care, and household products industries worldwide. It operates in four segments: Metal Beverage Packaging, Americas and Asia; Metal Beverage Packaging, Europe; Metal Food and Household Products Packaging; and Aerospace and Technologies. The Metal Beverage Packaging, Americas and Asia segment manufactures and sells metal beverage containers for use in beverage packaging.

At the end of Wednesday’s trade, Star Bulk Carriers Corp. (NASDAQ:SBLK)‘s shares dipped -1.55% to $3.17.

Star Bulk Carriers Corp. (SBLK) a global shipping company providing transportation solutions in the dry bulk sector, recently declared the sale of M/V Star Mega (a 170,631 dwt Capesize vessel, built in 1994) to an unassociated third party (the “Buyers”). The Company delivered the Vessel to the Buyers on June 18, 2015.

Star Bulk Carriers Corp., a shipping company, provides seaborne transportation solutions in the dry bulk sector worldwide. Its vessels transport various bulks, which comprise iron ore, coal, and grain, in addition to bauxite, fertilizers, and steel products. As of April 21, 2015, the company owned 70 dry bulk vessels, counting 1 Newcastlemax, 19 Capesize, 4 Post-Panamax, 20 Kamsarmax, 8 Panamax, 7 Ultramax, 10 Supramax, and 1 Handymax vessel with a total carrying capacity of 7.2 million dwt. It also provides vessel administration services to dry bulk vessels. Star Bulk Carriers Corp. is based in Athens, Greece.

Vornado Realty Trust (NYSE:VNO), ended its Wednesday’s trading session with -2.89% loss, and closed at $97.23.

Vornado Realty Trust (VNO) declared that it has accomplished the acquisition of 150 West 34th Street, a 78,000 square foot retail property leased to Old Navy through May 2019, which comes with 226,000 square feet of additional zoning air rights. The property is located across the street from Macy’s. The purchase price is about $355 million. At closing, the Company accomplished a $205 million financing of the property. The loan bears interest at LIBOR plus 2.25% and matures in August 2018 with two one-year extension options.

Vornado Realty Trust is a fully integrated equity real estate investment trust.

Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors comprise, among others, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors.

Vornado Realty Trust is a publicly owned real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in commercial real estate properties to create its portfolio. The firm was formerly known as Vornado Inc. Vornado Realty Trust is based in New York City with additional offices in Arlington, Virginia; and Paramus, New Jersey.

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