VALENCIA, Calif., Apr. 22, 2002 -
3D Systems Corp. (Nasdaq: TDSC) today announced that Vantico exercised its option to return to 3D Systems 1.55 million shares of 3D Systems common stock to satisfy the terms of the $22 million settlement executed on March 19, 2002. Both parties are now free to develop, test, directly introduce, market and supply stereolithography (SL) materials, including related style files, to the marketplace.
“We are pleased to bring this matter to a close on schedule,” stated Brian K. Service, 3D Systems’ president and chief executive officer. “We are now free to aggressively market our own line of Accura™ SL materials to our customer base.
“Since our acquisition of RPC Ltd. in September 2001, RPC has successfully increased production capacity to meet our customer needs while maintaining high levels of quality. We look forward to further expanding the types of materials we offer to meet the growing needs of the marketplace,” Service said.
About 3D Systems
Founded in 1986, 3D Systems provides solid imaging products and solutions that help reduce the time and cost of designing products and facilitate direct and indirect manufacturing. Its systems utilize patented technologies that create physical objects from digital input.
3D Systems currently offers the ThermoJet® solid object printer, SLA® (stereolithography) systems and the SLS® (selective laser sintering) system, as well as related software and materials. Product pricing in the U.S. ranges from $49,995, for the ThermoJet printer, to $799,000 for the high-end SLA 7000 system. The company licenses the complementary 3D Keltool® process, a method for producing steel mold inserts, and currently is developing systems that use composite paste materials for direct manufacturing.
More information on the company is available at www.3dsystems.com, or by phoning 888/337-9786, extension 812, or 661/295-5600 internationally. An investor packet can be obtained by calling 800/757-1799.
Note to editors: Accura is a trademark, and ThermoJet, SLA, SLS, Keltool and the 3D logo are registered trademarks of 3D Systems Inc.
Certain statements in this news release may include forward-looking statements which express the expectation, prediction, belief or projection of 3D Systems. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and achievement of 3D Systems to be materially and adversely different from any future results, performance or achievement expressed or implied by these forward-looking statements. Factors that may cause actual results to differ from the forward-looking statements contained in this release and that may affect the company’s prospects in general include, but are not limited to: world economic conditions; the ability to timely and cost-effectively identify and obtain or independently develop resins adequate for use with 3D Systems’ products; the funding of amounts of capital adequate to provide for the working capital needs of the company; actions of competitors and customers; reliance on single or limited suppliers; and such other factors as are described in the company’s filings with the Securities and Exchange Commission, including annual reports on Form 10-K for the year ended Dec. 31, 2001, and 3D Systems’ current report on Form 8-K filed on March 21, 2002.
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