3D Systems Supports Fractional Ownership Program by Tangible Express.ROCK HILL, S.C. -- 3D Systems Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TDSC TDSC Thai Development Support Committee TDSC Time Domain Signal Coding TDSC Test Driver System - Charlie TDSC Time-Domain Spreading Code ), a leading provider of 3-D Modeling, 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. and Manufacturing solutions, announced today that it has agreed to support Tangible Express of Springville, Utah Springville is a city in Utah County, Utah, United States. The population was 20,424 at the 2000 census and by 2004 had been estimated at 21,507. Just minutes south of Provo, Springville is treated as a bedroom community for commuters who work in Salt Lake City and Provo, Utah. with its new and innovative fractional ownership In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing. program. Tangible Express has adopted a business model that has been used successfully in fractional fractional size expressed as a relative part of a unit. fractional catabolic rate the percentage of an available pool of body component, e.g. protein, iron, which is replaced, transferred or lost per unit of time. business jet ownership to develop the Tangible Alliance Program[TM] (TAP). This new program enables customers to purchase from Tangible Express a fraction of a 3D Systems' Rapid Prototyping and Manufacturing System based on the customer's anticipated annual system utilization and parts demand. Customers can purchase single or multiple fractions in 3D Systems' equipment owned and operated by Tangible Express, which includes 3D Systems entire Additive Manufacturing Additive Manufacturing is the process of making a product by adding layers in a relatively efficient way, such that there is little waste or reduction of materials. Two examples are inkjet printing and aerosol jet printing of electronic circuits. Technologies' portfolio, at prices well below the cost of a single system. Tangible Express operates the system, provides maintenance, builds and ships parts in accordance with its TAP fractional owners' requirements. Under this collaborative arrangement, 3D Systems will support Tangible Express' Tangible Alliance Program([TM]) with promotional marketing and other product and technical support activities. To fuel the anticipated growth of this exciting program, Tangible Express recently ordered 10 more 3D Systems' stereolithography The first 3D printing technology, which was pioneered by Chuck Hull of 3D Systems. See 3D printing. and selective laser sintering See laser sintering and 3D printer. systems. To accommodate the arrival of its expanded fleet of 3D Systems machines and to be able to offer broader materials selection and faster turn around service for its customers, Tangible Express just relocated into a new, larger state-of-the-art facility. "Supporting Tangible Express with such an innovative, first in our industry, program is another significant step in expanding access to our system solutions and enabling an increasing number of potential users to experience the difference our solutions can make in their design and manufacturing activities," said Abe Reichental, 3D Systems' president and chief executive officer. "We believe that this new channel for delivering Rapid Prototyping and Manufacturing solutions will accelerate the adoption and use of our systems and materials, by making our solutions more accessible to a broader audience. We know for a fact that many of today's users desire to have 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]) and SLS (Selective Laser Sintering) See laser sintering and 3D printing. ([R]) like parts but end up settling for lesser systems due to their current volume requirements. "Tangible Express and 3D Systems are focused on the same goal - delivering the benefits of our systems' solutions to a growing audience by making ownership and operation of our systems more affordable and right-sized to individual customer needs. We look forward to working with Tangible Express to help its TAP program succeed in transforming the way companies design, develop and manufacture their products," concluded Reichental. "Fractional ownership of Rapid Prototyping and Manufacturing systems provides a solution never before available to those who wish to access these capabilities," said Alex Linde, Tangible Express' President and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "Using the Tangible Alliance Program, fractional owners gain access to multiple RP processes and materials for a fraction of the total cost of ownership." "Tangible Express is introducing an entirely new concept to the rapid design and manufacturing industry. Fractional ownership has never been applied to the manufacturing sector until now," commented Tangible's founder and chief executive officer David McInnis. "To have a company like 3D Systems share our vision of how fractional ownership can make the industry more dynamic as part of our team is exciting to us." About 3D Systems Corporation 3D Systems is a leading provider of 3-D Modeling, Rapid Prototyping and Manufacturing solutions. Its systems and materials reduce the time and cost of designing products and facilitate direct and indirect manufacturing by creating actual parts directly from digital input. These solutions are used for design communication and prototyping as well as for production of functional end-use parts: Transform your products. More information on the company is available at www.3dsystems.com, or via e-mail at moreinfo@3dsystems.com. About Tangible Express[TM] Mass-market adoption of fractional ownership rapid prototyping buying programs is the driving vision of Tangible Express. The company's revolutionary Tangible Alliance (TM) program is enabling designers, engineers and manufacturers to develop 3D prototypes faster and more efficiently. Learn more about the Tangible Alliance (TM) fractional ownership solution, which puts the latest 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. technology and 3D printing services within your reach. Tangible Express allows companies to own the precise amount of rapid prototyping capacity that you need. Call 801-794-2466 to schedule a one-on-one review of the Tangible Express rapid prototyping, fractional ownership program. More information on the company is available at www.tangibleexpress.com. |
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