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Stratasys introduces three new product lines; Increased functionality and price/performance; Includes a 3D desktop printer for Computer Aided Design.

MINNEAPOLIS--(BUSINESS WIRE)--March 8, 1996--Stratasys Inc. (NASDAQ:SSYS) today reported that it introduced three new rapid prototyping systems to add to its product offerings.

Products will be featured at three major industry trade shows this month, including the National Design Engineering Show (NDES) to be held in Chicago the week of March 18th. The company expects significant industry trade journal coverage of its exciting new offerings.

Scott Crump, chairman and CEO of Stratasys, commented, "The addition of these three new products dramatically expands our overall market potential, due to the increases in the range of sizes of prototype output and through-put speed, in addition to a much wider price range of rapid prototyping machines."

Scott Crump stated, "Perhaps the most widely applicable of these new additions to the Stratasys product line is Genisys(TM), a 3D push-button desktop printer, which is a design tool for quick concept models used early in the design cycle. Genisys(TM) incorporates technology developed by IBM and purchased by Stratasys in 1995. For the North American market, Genisys(TM) will be distributed by a group of select resellers. The new FDM(R)-1650 offers multiple engineering materials and a 300% improvement in the through-put of previous systems with the capability of producing functional prototypes. The Stratasys-8000 builds prototypes up to 24 inches in size with multiple engineering modeling materials and a 600% through-put improvement over previous systems. As the only company to currently offer ABS output, we are in a great position to increase our market share with bigger, better and faster machines."

Scott Crump continued, "The product development cycle ranges from concept models for visualization through design to precision engineering prototype assemblies. For the first time, the design and development community can select a single vendor for the best systems to suit their modeling needs throughout the product development cycle. Stratasys has a selection of systems with a range of part quality materials, and prices -- from $55,000 to $300,000 -- appropriate to the engineer's specific needs and applications."

Crump concluded, "All three models are being introduced this month. The FDM(R)-1650 shipments will begin in the first quarter, shipment of the Genisys(TM) machine should begin in the second quarter and the Stratasys-8000 should first ship in the third quarter of 1996."

Don Moffatt, COO of Stratasys, added, "It is very exciting to offer products at the leading edge of the rapid prototyping technology curve. We are penetrating what is proving to be a significant market, and accordingly, we are building our infrastructure to meet the anticipated demand."

Stratasys Inc., founded in 1989, is a manufacturer of rapid prototyping systems for automotive, aerospace, industrial, electronic, medical, and consumer products OEMs. The company's patented Fused Deposition Modeling (FDM(R)) process creates 3-dimensional plastic and wax models directly from 3-D CAD systems. In January 1995, Stratasys purchased IBM's rapid prototyping intellectual property and certain other assets and now employs 16 former IBM engineers. IBM currently holds approximately 10% of Stratasys' common stock.

CONTACT: Stratasys Inc.

Scott Crump, 612/937-3000

or

Sunrise Financial Group Inc.

Derek Caldwell, 212/421-1616
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Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 8, 1996
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