3D Systems Forms Development, Supply Agreement With Spectra-Physics.Business Editors VALENCIA, Calif.--(BUSINESS WIRE)--Dec. 10, 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 it has agreed with Spectra-Physics Lasers Inc. to jointly develop and manufacture diode-pumped solid state laser systems for solid imaging applications. The agreement provides an opportunity for significant advancements in the integration of the Spectra-Physics technology into the total imaging system utilized by 3D Systems' machines. The companies expect to accelerate the introduction of new lasers and the optimization of current products to further enhance performance. "This agreement responds to the increasing market demand for our solid imaging systems. These systems are now expanding into rapid tooling and manufacturing applications," said Martin McGough, 3D Systems' senior vice president of development and operations. "We expect the benefit to our customers will be a highly advanced family of laser systems designed to meet customers' specific needs for ease of use. We are pleased to be working with Spectra-Physics to bring these solutions to a more demanding market. "By combining the development strengths of both companies, we believe we will be able to provide our customer base with a continuing supply of new products and an integrated method for ongoing improvements over time," McGough said. "Over the past six years, 3D Systems and Spectra-Physics have worked jointly on similar projects that have been well-received by the market," he added. About 3D Systems Founded in 1986, 3D Systems provides solid imaging products and solutions that help reduce the time and cost of designing products and facilitate direct and indirect manufacturing. Its systems utilize patented technologies that create physical objects from digital input. 3D Systems currently offers the 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) systems (stereolithography The first 3D printing technology, which was pioneered by Chuck Hull of 3D Systems. See 3D printing. ) and SLS (Selective Laser Sintering) See laser sintering and 3D printing. (R) systems (selective laser sintering See laser sintering and 3D printer. ), as well as related software and materials. Product pricing in the U.S. ranges from $49,995, for the ThermoJet printer, to $799,000 for the high-end SLA 7000 system. The company licenses the complementary 3D Keltool(R) process, a method for producing steel mold inserts, and currently is developing systems that use composite paste materials for direct manufacturing See rapid manufacturing. . In August, 3D Systems merged with DTM DTM dermatophyte test medium. Corp. More information on the company is available at www.3dsystems.com, or by phoning 888/337-9786, extension 801, or 661/295-5600 internationally. An investor packet can be obtained by calling 800/757-1799. Certain statements in this news release may include 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. which express the expectation, prediction, belief or projection of 3D Systems or Spectra Physics. 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: the ability of the companies to develop commercially acceptable new or improved lasers in a cost effective and timely manner; world economic conditions including the unknown effects of the continuing U.S. military action; the funding of amounts of capital adequate to provide for the working capital needs of the company, actions of competitors and customers; and such other factors as are described in the company's filings with the Securities and Exchange Commission, including annual reports 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, quarterly reports on Form 10-Q Form 10-Q See 10-Q. for the quarters ended March 31, June 30 and Sept. 30, 2001, and 3D Systems' 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, April 10, Sept. 4 and Nov. 5, 2001. Note to editors: ThermoJet, SLA, SLS, Keltool and the 3D logo are registered trademarks of 3D Systems. |
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