3D Systems Obtains Extension of U.S. Bank Waiver.Business Editors VALENCIA, Calif.--(BUSINESS WIRE)--Oct. 1, 2003 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 ) announced today that it received an extension to October 31, 2003 from U.S. Bank to obtain a commitment letter from a qualified lending institution Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in to refinance its outstanding obligations with U.S. Bank. Following the receipt of a commitment letter the maturity date under the Company's existing loan agreement will be extended to November 30, 2003, or earlier as set forth in the commitment letter. U.S. Bank has agreed to continue to provide credit to the Company under the terms of its existing loan agreement, up to a lending commitment of $8.8 million. The Company has received two proposals from potential lenders and is in the process of negotiating with these parties. About 3D Systems Founded in 1986, 3D Systems(R), the solid imaging company(SM), provides solid imaging products and solutions that reduce the time and cost of designing products and facilitate direct and indirect manufacturing. Its systems utilize patented technologies to create physical objects from digital input that can be used in design communication, prototyping, and as functional end-use parts. 3D Systems' product line includes the MJM MJM Multi-Jet Modeling (prototyping manufacturing) MJM Metropolitan Japanese Ministry MJM Married Jewish Male product line (ThermoJet(R) solid object printer and InVision 3-D 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 The first 3D printing technology, which was pioneered by Chuck Hull of 3D Systems. See 3D printing. ) 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). 3D Systems created the rapid prototyping (RP) industry and is the originator of advanced digital manufacturing (ADM See add/drop multiplexer. (language) ADM - A picture query language, extension of Sequel2. ["An Image-Oriented Database System", Y. Takao et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 527-538]. (SM)) solution for manufacturing applications. ADM uses 3D Systems' solid imaging technologies to accelerate production of customized/ specialized parts. A typical ADM center contains multiple 3D Systems' SLA, MJM and/or SLS systems dedicated to full-time manufacturing applications. 3D Systems' systems range in price from $40,000 to $799,000. More information: www.3dsystems.com or email moreinfo@3dsystems.com The information contained in this press release includes "forward-looking statements." The company cautions readers not to put undue reliance on forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those described in this release, for the reasons, among others, discussed in our reports filed with the Securities and Exchange Commission. The Company does not undertake to update any forward-looking statements. |
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