3D Systems Corporation Announces Settlement with EOS GmbH of All Litigation.Business Editors VALENCIA, Calif.--(BUSINESS WIRE)--Feb. 4, 2004 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 ) announced today that it has entered into an agreement with EOS Eos (ē`ŏs), in Greek religion and mythology, goddess of dawn; daughter of the Titans Hyperion and Theia. Every morning she arose early and preceded her brother Helios into the heavens. GmbH that settles all worldwide disputes and 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. between 3D Systems and EOS GmbH. Under the terms of this settlement agreement, 3D Systems and EOS waived all claims for damages with respect to their pending disputes and litigation. In addition, both companies licensed various patents to each other. As part of this settlement, EOS is to pay 3D Systems certain royalties for its patent license, and 3D Systems expects to begin selling under its own brand certain laser sintering equipment and related products produced by EOS under an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and supply arrangement. "We are very pleased that we have been able to conclude this settlement successfully," said Abe N. Reichental, 3D Systems' Chief Executive Officer. "The closure of this chapter enables us to concentrate our resources on developing and delivering to our customers valuable solid imaging solutions designed to improve their bottom line. Our ability to expand the range of customer solutions by adding certain EOS-produced sintering sintering, process of forming objects from a metal powder by heating the powder at a temperature below its melting point. In the production of small metal objects it is often not practical to cast them. systems to our own product line enables us to deliver to our customers a broader range of value-based solutions." About 3D Systems Founded in 1986, 3D Systems(R), the solid imaging company(SM), provides solid imaging products and systems solutions that reduce the time and cost of designing products and facilitate direct and indirect manufacturing. Its systems utilize patented proprietary technologies to create physical objects from digital input that can be used in design communication, prototyping, and as functional end-use parts. 3D Systems offers a wide range of imaging, communication rapid prototyping and on-demand manufacturing systems, including the MJM MJM Multi-Jet Modeling (prototyping manufacturing) MJM Metropolitan Japanese Ministry MJM Married Jewish Male product line (InVision(TM) 3-D printer and ThermoJet(R) solid object printer), 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) (stereolithography) systems, SLS (Selective Laser Sintering) See laser sintering and 3D printing. (R) (selective laser sintering See laser sintering and 3D printer. ) systems, and Accura(R) materials (including photopolymers, metals, nylons, engineering plastics, and thermoplastics). More information on the company is available at www.3dsystems.com, or by phoning 888-337-9786 or 661-295-5600, ext. 2882, internationally, or email moreinfo@3dsystems.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 to be materially and adversely 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 the company's prospects in general include, but are not limited to, actions of competitors and customers, the Company's ability to successfully design and produce new products, customer acceptance of new products, the Company's ability to enter into successful relationships with new customers to fully exploit its products, and such other factors as are described in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to update any forward-looking statements. |
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