Industry-leading software and services help Geomagic become one of the Triangle’s fastest-growing private companie

Friday, Nov 3, 2006 4:00 AM

RESEARCH TRIANGLE PARK, N.C., November 3, 2006- Geomagic® (www.geomagic.com), a worldwide software and services company, announces that it has won a 2006 Triangle Business Journal Fast 50 Award for being one of the fastest growing private companies in the Triangle area of North Carolina. The award marks the third time that Geomagic, the world’s leading provider of software and services for digital shape sampling and processing (DSSP), has received the honor.

The Fast 50 list recognizes companies for revenue growth over a three-year period as tabulated by global accounting firm PricewaterhouseCoopers® LLP. Geomagic recorded double-digit revenue growth during the period.

“We are delighted to be included on the Fast 50 list once again,” says Ping Fu, Geomagic chairman, president and CEO. “The award recognizes Geomagic’s consistent and sustained growth. I want to thank our employees and customers for their passion and support in making Geomagic the leading innovator in custom product development. Together, we are changing the face of manufacturing.”

Geomagic has established a global user base of more than 5,000 product design and engineering professionals. The Geomagic software suite, including Geomagic Studio® and Geomagic Qualify®, provides a technology platform for reverse engineering, digital reconstruction, and part inspection that enables companies to be first-to-market with highly customized products delivered at the same speed and cost as mass-produced items.

Geomagic is located in the Triangle area, consistently voted one of the best places to do business in the United States. The Triangle is located between the cities of Durham, Raleigh and Chapel Hill. Home to one of the most prominent high-tech research and development centers in the country and often compared to Silicon Valley, Geomagic has exemplified the area’s reputation known for its entrepreneurial activity.

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