Monday, May 22, 2006 5:00 AM
RESEARCH TRIANGLE PARK, N.C., May 22, 2006- Geomagic, a worldwide software and services firm headquartered in Research Triangle Park, North Carolina, has been selected as a winner of the Red Herring 100 North America. The award recognizes the top 100 privately held companies in North America that are leading the technology business in innovation. Geomagic will be honored at the Red Herring Spring 2006 Conference in Monterey, California, May 23-25.
“With venture capital flowing again, we’re seeing a lot of innovative new companies taking on the established players with disruptive technologies and innovative business plans,” said Joel Dreyfuss, Editor-in-Chief of Red Herring. “The Red Herring 100 North America companies, including Geomagic, are pushing and breaking the boundaries of the technology business and we are excited to report on their success stories.”
The award is an important part of Red Herring’s tradition of recognizing new and innovative technology firms and their entrepreneurial founders. More than 1,000 nominees are rigidly evaluated on criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem.
“It is an honor for Geomagic to be recognized with this prestigious group of companies,” says Ping Fu, president and CEO of Geomagic. “It is clearly a reflection of a passion for innovation and excellence embodied by our employees.”
Geomagic was founded in 1996. The company’s software products enable designers and engineers to transform scan data from physical objects into highly accurate 3D digital models. Applications range from ensuring the NASA space shuttle Discovery’s safe return, to reconstruction of legacy parts and molds for Harley-Davidson motorcycles, to new processes that speed quality inspection for companies such as Schneider Electric and Howmet/Alcoa. The company is the leader in the high-tech field of digital shape sampling and processing (DSSP).
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.