3D Systems to Purchase New Global Headquarters.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 Rapid 3-D Printing, Prototyping and Manufacturing solutions, today announced that it has reached an agreement to purchase its new 80,000-square-foot global headquarters and research and development facility in Rock Hill, S.C. Previously, the company intended to lease this built-to-suit facility for a period of 15 years. On December 18, 2006, 3D Systems agreed to purchase its new global headquarters for a purchase price of $10,048,000, which price is subject to certain credits and adjustments. Pursuant to the purchase contract, 3D Systems made an initial earnest money A sum of money paid by a buyer at the time of entering a contract to indicate the intention and ability of the buyer to carry out the contract. Normally such earnest money is applied against the purchase price. deposit on December 18, 2006, in the amount of $301,440 and is obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to make an additional earnest money deposit on January 2, 2007, in the amount of $703,360. 3D Systems has the right to terminate the purchase contract on or before January 2, 2007, and unless it does so, subject to certain circumstances set forth in the purchase contract, the earnest money deposits will become non-refundable. Subject to certain customary conditions, 3D Systems expects to close the purchase of its new facility on or before January 31, 2007. In the event that the purchase of the building does not occur, 3D Systems expects to continue to lease it under the lease that is currently in effect. 3D Systems also executed a third amendment to the lease that the company signed in February 2006. This amendment provides that 3D Systems will pay a monthly amount of $53,940 representing the landlord's carrying costs Carrying costs Costs that increase with increases in the level of investment in current assets. commencing on November 22, 2006 and expiring upon the closing of the purchase of the facility. The amendment also obligates 3D Systems to pay an additional $180,875 of the costs of the completion of the facility. "We are pleased to share with our customers and partners that we have taken another significant step in our long-term commitment to the greater Rock Hill and York County York County may refer to one of several counties:
3D Systems' new facility is located in Rock Hill's Waterford Business Park, just 25 miles south of Charlotte, N.C. In keeping with its commitment to leadership through technology, the company dedicated about half the square footage of the facility to high-tech research and development laboratories and a state-of-the-art 18,000-square-foot 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. Center (RMC RMC Royal Military College RMC Radio Monte Carlo RMC Randolph-Macon College (Ashland, Virginia) RMC Regional Medical Center RMC Robert Morris College (Illinois) RMC Rocky Mountain College ), featuring 3D Systems' comprehensive 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. , Rapid Manufacturing and 3-D Printing systems and solutions. To bolster interaction and creativity, 3D Systems created inviting meeting areas to encourage informal communication and large, open, flexible and mobile work spaces with an organic neighborhood feeling throughout the building. "We have achieved our goal to design and build an open, modern facility that is conducive con·du·cive adj. Tending to cause or bring about; contributive: working conditions not conducive to productivity. See Synonyms at favorable. to creativity, innovation, communication and teamwork (product, software, tool) Teamwork - A SASD tool from Sterling Software, formerly CADRE Technologies, which supports the Shlaer/Mellor Object-Oriented method and the Yourdon-DeMarco, Hatley-Pirbhai, Constantine and Buhr notations. ," continued Reichental. "We have created an environment that promotes interaction among our 3D Systems' team members and our customers and also showcases our technology to all our customers, suppliers, investors and prospective employees." 3D Systems plans to celebrate the opening of its new global headquarters with the local business community, customers, stockholders, the general public, family and friends from January 17 through January 20, 2007. 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 in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses future tense n. A verb tense expressing future time. Noun 1. future tense - a verb tense that expresses actions or states in the future future or that include terms such as "believes," "belief," "expects," "estimates," "intends," "anticipates" or "plans" to be uncertain and forward-looking. Forward-looking statements may include comments as to the company's beliefs and expectations as to future events and trends affecting its business and expectations, including matters relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the proposed restatements of the company's financial statements and related matters described herein, and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements," "Cautionary Statements and Risk Factors," and "Risk Factors" 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 those reflected or predicted in forward-looking statements. About 3D Systems Corporation 3D Systems is a leading provider of Rapid 3-D Printing, 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 email at moreinfo@3dsystems.com. |
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