3D Systems Completes Acquisition of DTM.Business Editors VALENCIA, Calif.--(BUSINESS WIRE)--Aug. 24, 2001 3D Systems Corp. (Nasdaq:TDSC TDSC Thai Development Support Committee TDSC Time Domain Signal Coding TDSC Test Driver System - Charlie TDSC Time-Domain Spreading Code ) today announced that the subsequent offering period of its tender offer by its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Tiger Deals Inc. to purchase all of the outstanding shares of common stock of DTM DTM dermatophyte test medium. Corp. expired Thursday, Aug. 23, at midnight Eastern time. Following the expiration, the results of the shares tendered in the initial and subsequent offering periods totaled 6,953,830, representing approximately 97.5 percent of the outstanding shares of DTM common stock. 3D Systems has accepted for purchase and payment all of the shares that were validly tendered in the subsequent offering period of the tender offer. Following the expiration of the subsequent offering period, 3D Systems merged DTM into Tiger Deals in order to acquire all the shares of DTM common stock that remained outstanding. As a result of the merger, these shares of DTM common stock were converted into the right to receive $5.80 per share. About 3D Systems 3D Systems provides solid imaging products and services that substantially reduce the time and cost required to design, test and manufacture products. The company's systems utilize patented technologies that create physical objects from digital input. 3D Systems currently offers the ThermoJet(R) office printer and 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) industrial systems, which include proprietary software and materials. Product pricing in the United States begins at $49,995 for the company's entry-level printer and extends up to $799,000 for its feature-rich industrial SLA 7000 system. The company also licenses the 3D Keltool(R) process, a complementary application that produces injection molding and die casting inserts from SLA system master patterns. In February 2001, 3D Systems announced that it had acquired OptoForm, a French company that has developed direct composite manufacturing systems that use paste materials. In August, the company announced that it had signed a letter of intent to acquire Rapid Prototyping Chemicals (RPC (Remote Procedure Call) A programming interface that allows one program to use the services of another program in a remote machine. The calling program sends a message and data to the remote program, which is executed, and results are passed back to the calling ) Ltd. of Marly marl n. A crumbly mixture of clays, calcium and magnesium carbonates, and remnants of shells that is sometimes found under desert sands and used as fertilizer for lime-deficient soils. tr.v. , Switzerland. Based in Valencia, 3D Systems was founded in 1986 and is recognized as a world technology leader in solid imaging. For additional information, visit the company's Web site at www.3dsystems.com or phone 888/337-9786, ext. 789. For an investor packet, call the company's shareholder communications service at 800/757-1799. About DTM Corp. DTM develops, manufactures and markets advanced rapid prototyping and manufacturing systems, including the Sinterstation 2500plus and Vanguard systems. A growing number of manufacturers and service bureaus worldwide use these systems to rapidly create 3-D prototypes, parts, molds, tooling and casting patterns. All Sinterstation SLS (Selective Laser Sintering) See laser sintering and 3D printing. (R) systems utilize a process called selective laser sintering See laser sintering and 3D printer. to create 3-D objects from computer-aided design computer-aided design (CAD) or computer-aided design and drafting (CADD), form of automation that helps designers prepare drawings, specifications, parts lists, and other design-related elements using special graphics- and calculations-intensive (CAD) data. The Sinterstation product line creates the part in a matter of hours using a CO2 laser to fuse together layers of powdered plastic, metal or ceramic powders. The results are durable 3-D parts produced in a fraction of the time it would typically take using other traditional methods. Among the companies currently using Sinterstation systems are manufacturers such as BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , Boeing, Pitney Bowes, Rockwell International, Volvo Penta and others. In addition, numerous service bureaus throughout the world include Sinterstation systems in their offerings to companies with only an occasional need for rapidly produced functional prototypes and parts. Parts and prototypes made on Sinterstation systems also are used in nonindustrial settings, such as science and medicine. For more information on DTM's systems, customers and applications, visit the company's Web site at www.dtm-corp.com. Certain statements in this news release may include forward- looking statements that express the expectation, prediction, belief or projection of 3D Systems. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and achievement of 3D Systems or DTM to be materially different from any future results, performance or achievement expressed or implied by these forward-looking statements. Factors that may cause actual results to differ from the forward- looking statements contained in this release and that may affect each company's prospects in general include, but are not limited to: the negotiation and execution of definitive documents to acquire RPC; the efficient integration of DTM into the business of 3D Systems; the extent to which the companies are able to develop new products and markets for their products; and such other factors as are described in 3D Systems' filings with the Securities and Exchange Commission, including its annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 2000, its quarterly reports on Form 10-Q Form 10-Q See 10-Q. for the quarters ended March 30 and June 30, 2001, and its current reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed on April 6 and April 10, 2001. Note to Editors: ThermoJet, SLA, Keltool and the 3D logo are registered trademarks of 3D Systems. Sinterstation and SLS are registered trademarks, and DuraForm and Vanguard are trademarks, of DTM Corp. |
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