Showing posts with label 3D Systems Corporation. Show all posts
Showing posts with label 3D Systems Corporation. Show all posts

Wednesday, March 14, 2012

3D Systems (NYSE: DDD) Celebrates Its Italian Expansion

3D Systems (NYSE: DDD) Celebrates Its Italian ExpansionPalm Beach, FL 3/14/12 (StreetBeat) -- 3D Systems Corporation (NYSE: DDD) announced today that it completed its expansion and consolidated all of its activities in Italy into modern facilities in Pinerolo for enhanced customer service and increased efficiency.

Central to this investment is the expanded on-demand parts operation which boasts a full complement of 3D Systems' latestproduction printers and materials, including the iPro(TM) 9000XL, an SLA(R) system capable of printing a full size automotive dashboard in a single piece. As part of its expanded scope, 3D Systems Italia opened a brand new showroom featuring the company's complete portfolio of personal and professional 3D printing systems for customer demonstrations as well as technical training.

"We are pleased to integrate the power of our latest generation of 3D printers with our Italian operations into a central and modern facility for the benefit of all our constituents," said Kevin McAlea, Vice President and General Manager, 3D Systems. "This new facility clearly demonstrates our complete 3D content-to-print capabilities and provides the perfect setting to effectively service and support our growing base of 3D Systems' customers in Italy."

About 3D Systems Corporation

3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. The company also provides creative content development, design productivity tools and curation services and downloads. Its expertly integrated solutions replace, displace and complement traditional methods and reduce the time and cost of designing new products by printing real parts directly from digital input. These solutions are used to rapidly design, communicate, prototype and produce functional parts, empowering its customers to create with confidence.

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Tuesday, January 3, 2012

3D Systems (NYSE:DDD) Completes the Acquisition of Z Corp and Vidar

3D Systems (NYSE:DDD) Completes the Acquisition of Z Corp and VidarPalm Beach, FL 1/3/12 (StreetBeat) -- 3D Systems Corporation (NYSE:DDD) announced today that it has completed the acquisition of Z Corporation ("Z Corp") and Vidar Systems ("Vidar") for $135.5 million in cash, net of cash received and subject to final closing adjustments, from Contex Group, a subsidiary of Ratos AB, a listed private equity company located in Stockholm, Sweden.

The company also announced that earlier today it consolidated its entire personal and professional 3D printer businesses into a single unit under the leadership of John Kawola, former Z Corp CEO who was named 3D Systems Vice-President and General-Manager, Personal and Professional 3D Printers business unit. The company affirmed its plans and expectations to deliver combined revenue and cost synergies in the range of $5-10 million dollars in 2012 and reiterated its expectation to incur incremental fourth quarter 2011 acquisition costs in the range of $2.7 to $3.2 million.

This acquisition integrates Z Corp and Vidar products and services with 3D Systems' extensive portfolio, uniquely positioning 3D Systems for accelerated growth in the dynamic, rapidly expanding 3D content-to-print space. The transaction completes 3D Systems' range of product capabilities, fills price gaps with complementary products and technology and doubles its reseller coverage globally. The Company expects the acquisition of Z Corp and Vidar to be immediately accretive to its cash generation and to its Non-GAAP earnings in the first full year following completion of this transaction. (1)

"This is a historic, game-changing event for our customers and stockholders. Today we gained complementary full color and high speed printing technology, increased our marketplace presence significantly in verticals beyond product development and direct manufacturing, assembled the largest and most-well prepared reseller channel in 3D printing, and catalyzed our healthcare solutions business," said Abe Reichental, President and CEO of 3D Systems. "Concurrent with the completion of this transaction today, we have taken immediate, decisive steps to unleash the combined revenue growth potential and deliver the value creation inherent in this acquisition for the benefit of customers and shareholders alike."

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Tuesday, November 29, 2011

3D Systems Delivers Affordable New Desktop Printer

3D Systems Delivers Affordable New Desktop PrinterPalm Beach, FL 11/29/11 (StreetBeat) --3D Systems Corporation (NYSE:DDD) today announced the immediate availability of its new ProJetTM 1000 personal 3D printer. Priced at $10,900, this printer makes high-resolution, durable plastic parts accessible and affordable to educators, students and professionals alike. The new ProJetTM 1000 printer will be on display at Euromold, November 29th -- December 2nd, 2011 at the Frankfurt Messe Center, Hall 11, Booth F110, and can be purchased through 3D Systems' global network of authorized resellers.

The new ProJetTM 1000 prints high-resolution durable plastic parts right in the office or classroom. This affordable printer delivers beautiful ivory colored, snap-fit, plastic parts with excellent fine feature detail and smooth surface finish at print speeds over three times faster than other 3D printers in its class.

"We are excited to offer a new, economical personal 3D printer that prints precision, high-performance parts," said Buddy Byrum, Senior Director, 3D Printing for 3D Systems. "The ProJetTM 1000 is a game changing 3D printer designed specifically for cost-conscious designers that need true-to-design functional test products."

About 3D Systems Corporation
3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. The company also provides creative content development, design productivity tools and curation services and downloads. Its expertly integrated solutions replace, displace and complement traditional methods and reduce the time and cost of designing new products by printing real parts directly from digital input. These solutions are used to rapidly design, communicate, prototype and produce functional parts, empowering its customers to create with confidence.

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