VALENCIA, Calif., Feb. 28, 2005 -
3D Systems Corporation (Nasdaq: TDSC), a leading provider of rapid 3-D printing, prototyping and manufacturing solutions, announced today that it has named Cary Love to the position of Vice President Global 3-D Printing, effective immediately. In this role, Love will manage the Company’s entire 3-D printing business globally. Love will direct all related 3-D printing sales and marketing activities, and will drive the accelerated development of an authorized 3-D printing reseller channel.
Love joins 3D Systems with 17 years’ experience in the 2-D printing industry with Xerox Wide Format, a division of Xerox Corporation (NYSE:XRX) where he held numerous progressive sales and marketing positions. Most recently, Love served as National Manager, Channel Operations, directing channel sales and marketing operations for the entire portfolio of Xerox’s large-format printers, scanners and document software management systems.
“I am delighted to welcome a professional of Cary’s experience to our team,” said Abe Reichental, 3D Systems’ president and chief executive officer. “Cary brings with him years of relevant hands-on experience in 2-D printing reseller channel development and management from Xerox where he focused on his customer’s success, delivered consistently improved results and developed strategic relationships and significant industry contacts.
“As we have mentioned previously, most 3-D CAD users today employ a 2-D plotter or wide-format printer to transmit onto paper their concepts and designs. We estimate that approximately one million 2-D plotters and wide-format printers serve the five million 3-D CAD seats deployed worldwide. We believe that a potential exists to replace or complement every other 2-D plotter and wide-format printer with the right 3-D printer and, accordingly, we are expanding our 3-D printing activities to benefit from this emerging trend. The addition of Cary Love to our senior management team in this key position is yet another significant investment we are making to ensure the success of this important initiative,” concluded Reichental.
Forward-Looking Statements
Certain statements made 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 its 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 of financial condition and results of operations, 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 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 to produce functional end-use parts: Transforming the way people design, develop and manufacture products.
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), or via email at moreinfo@3dsystems.com
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