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Friday, Nov 5, 2004 4:00 AM

RESEARCH TRIANGLE PARK, N.C., November 5, 2004- Geomagic is among the 50 fastest-growing companies in the Triangle area of North Carolina, according to awards presented last night by Triangle Business Journal, PricewaterhouseCoopers and the Council for Entrepreneurial Development. The annual Fast 50 program recognizes private companies with the greatest revenue growth over a three-year period.

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, digital reconstruction and redesign of physical parts, and computer-aided inspection.

“Our growth reflects how innovative technology can positively transform manufacturing processes,” says Ping Fu, president and CEO of Geomagic. “Over the last fiscal year we’ve increased product sales by 45 percent, expanded internationally, and more than doubled our worldwide staff in order to fulfill the needs of current and potential clients.”

Geomagic’s software is used by manufacturers worldwide – including Toyota, Harley-Davidson, Fisher-Price, Align and hundreds of others – for customizing products, automating processes, and increasing throughput.

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