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Monday, Feb 23, 2004 4:00 AM

RESEARCH TRIANGLE PARK, N.C., February 23, 2004- Ping Fu, president and CEO of Geomagic, was selected by Fast Company as a Fast 50 winner in the magazine’s third annual reader’s challenge.

The award, given to 50 individuals from 1,650 entries worldwide, recognizes the “doers and the dreamers, the truth tellers and the trendsetters,” according to an article in the March issue of the magazine.

Ping Fu co-founded Geomagic in 1996 with Herbert Edelsbrunner, a leading researcher in computational geometry and topology. Geomagic’s products enable designers and engineers to capture scan data from physical parts and create highly accurate digital models. They are used by manufacturers for mass production of customized devices, build-to-order manufacturing, automatic re-creation of physical parts and molds, and computer-aided inspection.

Fu took over as president and CEO of Geomagic in early 2001, initiating a set of corporate changes that jump-started product sales and significantly reduced costs. The measures helped Geomagic become profitable and increase revenue by 935 percent over the last five years.

“I share this award with all those at Geomagic who have dedicated their minds and hearts to making the company a success, and to my family for its support,” says Fu. “Last year was the best in the company’s history, but it is only a small indicator of what we can do in the future.”

About Geomagic

Geomagic (www.geomagic.com) is a global company dedicated to advancing and applying 3D technology for the benefit of humanity. Geomagic’s scanning and design software solutions are used to capture and model 3D content from physical objects, organically sculpt complex shapes, and prepare products for manufacturing. In addition, the company produces powerful 3D metrology and inspection software that verifies dimensional quality by comparing as-built products to master designs. Geomagic’s Sensable Phantom haptic devices simulate the sense of touch in a digital environment. 

Geomagic’s software and hardware are utilized by world-class customers in a variety of industries, including aerospace, automotive, medical, consumer products, toys, collectibles, coindesign, jewelry, fine art, heritage restoration, research, education, mold making, entertainment, training and surgical simulation. In fact, some of the world’s leading companies and research organizationsuse Geomagic software, including Ford, BMW,Boeing, Harley DavidsonTimberland, Mattel/Fisher Price, Lego, Pratt & WhitneyNASA, Schneider Electronic, 3M, Danaher and Invisalign. Geomagic is based in Research Triangle Park, N.C., USA, with an office in Boston, subsidiaries in Europe and Asia, and channel partners worldwide.

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Geomagic, Geomagic Studio, Geomagic Qualify, Geomagic Qualify Probe, Geomagic Spark, Wrap, Geomagic Wrap, Phantom, OpenHaptics, Omni, Freeform, Claytools, Sensable and Sensable Technologies, Inc. are trademarks or registered trademarks of Geomagic Inc.  All other trademarks are the property of their respective owners.

Media Contact:

Rachael Taggart
Geomagic, Inc.
+(1) 919-474-0135
Contact Rachael