3D Systems Reduces Price of Low-End Solid Imaging Machine.Business Editors & High-Tech Writers VALENCIA, Calif.--(BUSINESS WIRE)--Oct. 4, 2000 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 a limited-time promotion reducing by $30,000 the price of its entry-level solid imaging machine, the 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) 250/50 system. The new pricing is good only on U.S. purchase orders through the end of 2000. The SLA 250/50 system is the company's best-selling machine and the most widely used in 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. industry. The new price of $145,000 includes all necessary software, an initial supply of material, machine training and a 90-day warranty. "We've responded to customer needs by making the SLA 250 system more affordable, while still giving them the same high-quality features of this solid imaging machine," said Mervyn Rudgley, senior director of business development for stereolithography The first 3D printing technology, which was pioneered by Chuck Hull of 3D Systems. See 3D printing. . "Coupled with our highly functional materials, the SLA 250 system has been the solution to a wide variety of product development applications for many years and has proven itself to countless companies," Rudgley said. "It is ideal for small-scale rapid prototyping functions with tighter budget constraints." "The lower price of the SLA 250/50 system will make high-performance solid imaging available to a wider base of potential buyers, especially those who are taking the first step into this arena," said Dwight Williams, vice president of U.S. sales. "We expect to see this machine increase in popularity and expand capabilities for product developers." SLA systems produce solid 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 using a laser to harden liquid epoxy plastic layer by layer into a three-dimensional part. The parts can then be used as design verification, prototypes for testing and master patterns for casting and molding. More than 600 SLA 250 systems have been sold worldwide to companies such as Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. , DaimlerChrysler and Mattel. For more information on the special pricing package, visit www.3dsystems.com. 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(TM) office printer and SLA(R) industrial systems, which include proprietary software and materials. Product pricing in the U.S. begins at $49,995 for the company's entry-level printer and extends up to $799,000 for its feature-rich industrial SLA system. These products offer a wide range of applications to a variety of industries. Based in Valencia, 3D Systems was founded in 1986 and is recognized as the world technology and market leader in solid imaging. For additional information, call 888/337-9786, ext. 748. For an investor packet, call the company's shareholder communications service at 800/757-1799. Note to Editors: ThermoJet and 3D Systems are trademarks; SLA and the 3D logo are registered trademarks of 3D Systems. Except for the historical information contained in this news release, the matters discussed include forward-looking statements that involve risks and uncertainties including: the ability of the company to contain costs, increase recurring revenue, and maintain gross revenues at a level necessary to maintain gross profit margins Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. ; the availability and acceptance of products, including the acceptance of 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. solutions; the impact of competitive products and pricing; dependence on key personnel and suppliers; industrywide domestic and international economic conditions; and other risks detailed in the company's SEC reports 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, 1999, and its quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2000. |
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