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Friday, Nov 21, 2003 4:00 AM

RESEARCH TRIANGLE PARK, N.C., November 21, 2003- Geomagic was named private company of the year in an award ceremony last night sponsored by NCEITA, a non-profit organization serving North Carolina technology companies.

The theme of this year’s awards was “Super Heroes of Technology.” Joan Myers, NCEITA’s president and CEO, says that this year’s winners “are truly super heroes in that they not only survived in extremely tough economic times, but flourished in innovation, entrepreneurship and leadership.”

Ping Fu and Herbert Edelsbrunner co-founded Geomagic in 1996 with the goal of reinventing the way products are designed and manufactured. The company has become the number one brand for mass customization, digital manufacturing, and computer-aided inspection. Over the last five years, Geomagic’s revenues have grown by 935 percent.

“This award is a testament to the hard work and innovation of everybody at Geomagic,” says Ping Fu, company president and CEO. “It is an honor to receive this award from NCEITA, which has done so much to help North Carolina technology companies grow and prosper.”

In addition to the NCEITA award, this year Geomagic has won a national Technical Insights Award from Frost & Sullivan, been named to the North Carolina Technology Fast 50 by Deloitte & Touche, and received $2 million in research funding from the National Institute of Standards and Technology’s Advanced Technology Program. Ping Fu has been named as Ernst & Young’s Entrepreneur of the Year for the Carolinas and received the 2003 Entrepreneurial Inspiration Award from North Carolina’s Council for Entrepreneurial Development (CED).

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