3D Systems to Outsource Its Equipment Assembly Activities.VALENCIA, Calif. -- 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, as part of the implementation of its long-term business strategy, the Company has begun to engage selected design and manufacturing companies to assemble its equipment portfolio, including its InVision(TM) 3-D printers and its Viper(TM) 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. As this program is implemented, the Company expects to discontinue dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: its equipment assembly activities at its Grand Junction, Colorado The City of Grand Junction is a home rule municipality located in Mesa County, Colorado, USA. According to 2006 Census Bureau estimates, the population of the city is 45,299. , facility. The Company anticipates completing this program within the next 12-18 months. Currently, the Company plans to continue to conduct its material blending and customer support activities out of its Grand Junction Grand Junction, city (1990 pop. 29,034), seat of Mesa co., W Colo., at the junction of the Gunnison and Colorado rivers; inc. 1891. The shipping and processing center of a large ranch and irrigated farm region, it also serves the area's uranium, oil shale, gas, and facility. "This program represents another step that we are taking toward achieving our long-term business model targets, improving our cash flow and accelerating the pace of our new product development," said Abe Reichental, 3D Systems' president and chief executive officer. "We believe that greater focus on our core capabilities and unique expertise in combining systems, materials, process know-how, expert field service and application support into a tightly integrated and optimized system solution will result in greater benefits to our customers. "We also believe that transitioning non-core activities such as our assembly operations to specialty companies that have developed equipment assembly as one of their core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
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. Certain statements made by the Company in this release are forward-looking statements. These statements include comments as to the Company's beliefs and expectations as to future events and trends affecting the Company's business. These forward-looking statements are based upon management's current expectations concerning future events and trends and are necessarily subject to uncertainties, many of which are outside the control of the Company. The factors stated under the heading "Forward-Looking Statements" and "Cautionary Statements and Risk Factors" in management's discussion and analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of results of operations and financial condition, which appear in the Company's periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from such statements. 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. More information on the company is available at www.3dsystems.com, or by phoning 888-337-9786, ext. 2882 (or 661-295-5600, ext. 2882 from outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ), or via email at moreinfo@3dsystems.com. |
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