Monday, Nov 21, 2005 4:00 AM
RESEARCH TRIANGLE PARK, N.C., 21 November 2005- Geomagic has been named mid-size company of the year by the North Carolina Technology Association (NCTA). The annual NCTA awards recognize outstanding contributions made by information technology companies and individuals in North Carolina.
Geomagic products enable designers and engineers to transform scan data from physical objects into highly accurate digital models for applications ranging from ensuring the NASA space shuttle Discovery’s safe return, to reconstruction of historic treasures, to new processes that speed quality inspection.
During the last five years, Geomagic revenues have grown by 2,105 percent. In the 2004 fiscal year, net income rose by 615 percent, the number of Geomagic employees doubled, and the company became international, establishing fully owned subsidiaries throughout Europe and Asia.
Geomagic was recently named to the Deloitte Technology Fast 500 for the third consecutive year, acknowledging the company’s consistent performance year after year and placing it among the fastest-growing technology companies in North America. Fu has been recognized as Inc.’s Entrepreneur of the Year for 2005. Her personal story and that of Geomagic’s revolutionary technology is the subject of a cover story in Inc.’s December issue.
“We are thrilled to be named NCTA’s mid-size company of the year,” says Ping Fu, president and CEO of Geomagic. “It is a milestone worth celebrating – just a few years ago, we were a struggling startup. Our fast growth has been fueled by our leadership in digital shape sampling & processing, our commitment to innovation and excellence and our focus on delivering value to customers. This award validates our vision, performance and market leadership.”
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 Davidson, Timberland, Mattel/Fisher Price, Lego, Pratt & Whitney, NASA, 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.
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.