Wednesday, Jul 28, 2010 5:00 AM
Seoul, South Korea - July 28, 2010, INUS Technology, Inc. (www.rapidform.com) today announced that its worldwide revenue for the first half of 2010 beat its internal expectations and represents a more than 50% jump from the same period in 2009. The company is on track to generate the most annual revenue in its 12 year history as its products become more popular among manufacturers, research institutions and universities and more organizations invest in 3D scanning technology for research and development, manufacturing and quality control.
"We're very pleased with our sales performance so far this year," said Calvin Hur, CEO of INUS Technology. "Our partners, including both 3D scanner manufacturers and value added resellers, have been quite successful in selling Rapidform along with the full breadth of 3D scanners out on the market today. We're coming out of a tough business climate, but as we continue to drive innovation and make 3D scanning more productive for our customers, we're seeing strong demand for our best-in-class software."
The company's line of Rapidform software products works in conjunction with 3D scanners from every major manufacturer. Its Rapidform XOR software is used to make CAD models from 3D scan data, while its Rapidform XOS software is focused on creating high quality mesh and surface models from 3D scans. Rapidform XOV and InspectWorks allow companies to take a 3D scan of any object and compare it to a CAD design for verification purposes.
"Our growth is being driven by wide market acceptance of our products," Dr. Hur continued. "Our customers and partners know that Rapidform XOR is the fastest path to CAD, and that Rapidform XOV offers intuitive inspection from 3D scan data. As we continue to pioneer new technologies that let our customers speed product development, reduce costs and improve quality, we'll continue to see wider adoption around the world."
About INUS Technology Inc. INUS Technology helps companies unlock the power of 3D scanning. The company's software solutions are the most widely installed products for reverse engineering, 3D imaging and inspection using 3D scan data around the globe. Rapidform makes 3D scanning an extremely powerful tool for a variety of applications and is used in fields such as manufacturing, R&D, quality inspection, medical research and civil engineering. Leading companies including Audi, Ford, Hyundai, Toyota, Rolls Royce, Volkswagen, Hitachi, Panasonic, Oakley, Samsung, Sony, Alcoa, and Benteler use Rapidform's advanced technology to innovate throughout their research, design, manufacturing and quality control processes. For more information, please visit http://www.rapidform.com