3D Systems Announces Agreement in Principle with DSM Desotech Inc. to Settle German Patent Litigation.VALENCIA, Calif. -- 3D Systems Corporation (Nasdaq:TDSC TDSC Thai Development Support Committee TDSC Time Domain Signal Coding TDSC Test Driver System - Charlie TDSC Time-Domain Spreading Code ), a leading provider of rapid 3-D printing, prototyping and manufacturing solutions, announced today that it has reached an agreement in principle with DSM 1. DSM - Data Structure Manager. An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. Somos, an unincorporated division of DSM Desotech Inc. and affiliate of DSM NV, to settle the patent litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. currently pending between the two companies in Germany and to cross-license patents and other intellectual property relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc stereolithography The first 3D printing technology, which was pioneered by Chuck Hull of 3D Systems. See 3D printing. materials. As part of this settlement, DSM would grant to 3D Systems a non-exclusive worldwide license outside of Japan to patents relating to stereolithography materials and equipment, and 3D Systems would grant to DSM a non-exclusive worldwide license outside of Japan to patents and patent applications relating to stereolithography materials and the corresponding right to sell DSM stereolithography materials to users of 3D Systems' new Viper(TM) Pro SLA (1) (StereoLithography Apparatus) See 3D printing. (2) (Service Level Agreement) A contract between the provider and the user that specifies the level of service expected during its term. (R) systems under 3D Systems' patents, patent applications and other intellectual property relating to those systems. The parties contemplate that their current distribution agreement, under which 3D Systems distributes DSM's stereolithography materials outside of Japan, will continue. While completion of this agreement in principle is subject to the negotiation, execution and delivery of a definitive agreement, both parties intend to commence commercial activities consistent with the proposed settlement immediately. "We are pleased to be able to announce this agreement in principle and to begin marketing activities today," said Abe Reichental, 3D Systems' president and chief executive officer. "We believe that this new arrangement will benefit our stereolithography customers by enabling them to have access to an ever-broadening group of materials for rapid manufacturing Building parts out of plastic or metal one layer at a time using a method of additive fabrication such as 3D printing. Multiple pieces, either similar or dissimilar, can be built simultaneously. and other applications. We are pleased to have been able to negotiate an arrangement which should be beneficial to both 3D Systems and DSM." Jim Reitz, Somos(R) Business Manager for DSM Desotech, added, "This agreement allows both parties to fully focus on efforts to grow stereolithography technology to the benefit of the rapid prototyping Building a part one layer at a time using a method of additive fabrication such as 3D printing. Such parts are used for concept modeling to determine if the product design meets the customer's expectations. and rapid manufacturing markets." Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the future or conditional tenses or that include terms such as "believes," "belief," "expects," "intends," "anticipates" or "plans" to be uncertain and forward-looking. Forward-looking statements may include comments as to the company's beliefs and expectations as to future events and trends affecting its business. Forward-looking statements are based upon management's current expectations concerning future events and trends and are necessarily subject to uncertainties, many of which are outside the company's control. The factors stated under the heading "Forward-Looking Statements" and "Cautionary Statements and Risk Factors" in management's discussion and analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of results of operations and financial condition, which appear in the company's periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. About 3D Systems Corporation 3D Systems is a leading provider of rapid 3-D printing, prototyping and manufacturing solutions. Its systems and materials reduce the time and cost of designing products and facilitate direct and indirect manufacturing by creating actual parts directly from digital input. These solutions are used for design communication and prototyping as well as for production of functional end-use parts: Transform your products. More information on the company is available at www.3dsystems.com, or by phoning 888-337-9786, ext. 2882 (or 661-295-5600, ext. 2882 from outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ), or via email at moreinfo@3dsystems.com. |
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