Wednesday, Sep 17, 2003 5:00 AM
RESEARCH TRIANGLE PARK, NC, September 17, 2003- Geomagic placed twelfth in the 2003 ranking of the North Carolina Fast 50 by Deloitte & Touche.
The Fast 50 awards honor the state’s fastest-growing technology companies based on revenues from 1998 though 2002. The winners were honored at a September 17 luncheon in Raleigh, N.C.
Founded in 1996, Geomagic creates products that enable designers and engineers to capture scan data from physical parts and create highly accurate digital models. The company’s products provide the software power for applications such as mass customization, reverse engineering and computer-aided inspection. Over the last five years, Geomagic’s revenues have grown by 935 percent.
“We’ve prospered during one of the worst economic periods in this country’s history,” says Willis Lumpkin, Geomagic’s vice president and CFO. “We attribute our growth to a unique combination of innovative products, loyal customers, sound fiscal management, and most of all, incredible employees.”
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.