VALENCIA, Calif., May 14, 2002 -
3D Systems Corp. (Nasdaq: TDSC) today announced that Align Technology Inc. has renewed its exclusive resin supply agreement. The agreement spans the next 18 months and is valued at a minimum of $2.5 million.
Align’s hardware volume purchase agreement (announced in May 2001) remains in place.
“3D Systems has been a very good partner, working with us to significantly decrease our manufacturing costs and improve our productivity,” said Len Hedge, Align’s senior vice president of operations. “This new contract shows our continued confidence in 3D Systems’ ability to perform in this very demanding digital manufacturing environment.”
Align Technology pioneered mass customized manufacturing using multiple SLA® 7000 systems running 24 hours a day at its Santa Clara, Calif., facility. The systems produce highly accurate custom molds for thermoforming its clear Invisalign® orthodontic appliances.
“3D Systems continues to develop digital manufacturing and introduce it to new market segments,” said Gordon Moore, 3D Systems’ vice president and general manager for the Americas. “We have learned a lot about manufacturing requirements through our close relationship with Align and aim to revolutionize the way products are manufactured by making on-demand manufacturing a reality. Align’s leadership in digital manufacturing is undeniable, and our goal is to bring that success into other markets.”
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, SLS® (selective laser sintering) systems, and Accura™ 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 816, 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. Invisalign is a registered trademark of Align Technology.
Certain statements in this news release may include forward-looking statements that 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 report on Form 10-K for the year ended Dec. 31, 2001, and 3D Systems’ current reports on Form 8-K filed on March 21 and May 2, 2002.
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