Align Technology Expands Distribution for iTero Element with Glidewell Dental. Shares at All Time High

10:29 11/17/2017

A manufacturer of 3D digital scanners, Align Technology ALGN , announced a partnership with Glidewell Dental for them to distribute the iTero Element scanning system in North America with their new In-Office Solution.

Glidewell Dental was established in 1970 and is one of the world’s largest producers of custom restorative services and is extremely dedicated to making complete treatment more manageable to patients domestically and internationally.

This new collaboration with the iTero Element will permit doctors with reasonable access and a reliable workflow to support same-day dental restorations. Glidewell has provided laboratory services for over 200,000 iTero cases.

iTero Element scanner will feature Glidewell’s one of a kind software that serves to communicate with a lab’s digital technician whenever necessary.

Chief marketing and business development officer and Vice President for Align Technology ALGN  said, “This is an exciting opportunity to join together to deliver a restorative work flow driven by digital precision and enabling the growth of digital dentistry.”

The iTero Element will be presented and featured at Greater New York Dental Meeting next week and will be available for customers in North America in Q1 of 2018.

“Align Technology has long been at the forefront of digital technology. Their pioneering spirit and drive for continued innovation are very much in line with Glidewell Dental’s goal to remove barriers to patient treatment, and I couldn’t be more excited about this dynamic pairing,” Jim Glidewell said, founder and president of Glidewell Dental.

Align ALGN  are trading their shares at all-time highs and in just three weeks their shares have moved 25%. Their one-year move from today’s date has jumped 173% from $92 a share to this week’s high of $254.

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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