Order for 285 Dimension 3D printers demonstrates the growing global demand for low-cost systems that build functional 3D models in an office environment
MINNEAPOLIS--(BUSINESS WIRE)--Feb. 5, 2007--Stratasys, Inc. (NASDAQ:SSYS) today announced it has secured the largest order in company history from its Tokyo-based distributor, Marubeni Solutions Corp. The order, which will be fulfilled during 2007, is for 285 Dimension 3D printers valued at approximately $6 million. Marubeni Solutions purchased 173 Dimension 3D printers from Stratasys in 2006, valued at approximately $3.1 million. The order demonstrates the growing demand within the global market for low-cost, easy-to-use desktop 3D printing capabilities among designers and engineers.
"We are excited about this significant order and the expanding opportunity for Dimension 3D printers in the Asia-Pacific region," said Scott Crump, chief executive officer for Stratasys. "Along with our recent opening of a Dimension office in Japan, this order provides Stratasys great global momentum in 2007. It is reflective of the enthusiasm demonstrated by our global network of resellers following our annual reseller meeting in Las Vegas last week, where we launched the Dimension Elite 3D Printer -- the fifth 3D printer within the Dimension product family."
Marubeni will utilize the Dimension 3D printers to fulfill demand from leading companies in Japan for networked, desktop modeling systems. The Dimension 3D printers will be used by Marubeni's customers to enhance their design processes, providing them a fast, office-friendly alternative for building functional 3D models. The strength and durability advantages provided by the real production-grade ABS material utilized in Stratasys' patented fused deposition modeling (FDM) process is critical to these applications.
"Companies in Japan find both the price and the practicality of Dimension 3D printers very attractive," noted Marubeni Solutions CEO Kiyoshi Yoshimitsu. "We have had tremendous success growing our customer base in automotive, consumer products, education, and other sectors, and are confident the high growth we have experienced to date will only continue."
Stratasys Inc., Minneapolis, manufactures office-based rapid prototyping and manufacturing systems and 3D printers; and offers rapid prototyping and manufacturing parts services. According to Wohlers Report 2006, Stratasys supplied 34 percent of all systems installed worldwide in 2005, making it the unit market leader, for the fourth consecutive year. Stratasys patented the rapid prototyping process known as fused deposition modeling (FDM). The process creates functional models directly from any 3D CAD program using ABS plastic, polycarbonate, and PPSF. The company holds 180 granted or pending rapid prototyping patents globally. Stratasys products are used in the aerospace, defense, automotive, medical, education, electronic, and consumer product industries. The company's systems are also used for rapid manufacturing and rapid tooling applications. For more information on the company, go to www.Stratasys.com; www.RedEyeRPM.com; or www.DimensionPrinting.com.
Forward Looking Statements
All statements herein that are not historical facts or that include such words as "expects", "anticipates", "projects", "estimates" or "believes" or similar words are forward-looking statements that we deem to be covered by and to qualify for the safe harbor protection covered by the Private Securities Litigation Reform Act of 1995. Our belief that we have the largest part-building service claim is based on the number of dedicated machines. Except for the historical information herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties; these include the continued market acceptance and growth of our Dimension line, Prodigy Plus, FDM Maxum, FDM Vantage, and Titan product lines; the size of the 3D printing market; our ability to penetrate the 3D printing market; our ability to maintain the growth rates experienced in this and preceding quarters; our ability to introduce and market new materials such as ABS-Plus and the market acceptance of this and other materials; the impact of competitive products and pricing; the timely development and acceptance of new products and materials; our ability to effectively manage the transition period following the discontinuation of the Objet distribution agreement; our ability to effectively and profitably market and distribute the Arcam product line; the success of our recent R&D initiative to expand the rapid manufacturing capabilities of our core FDM technology; the success of our RedEyeRPM and other parts services; and the other risks detailed from time to time in our SEC Reports, including the annual report on Form 10-K for the year ended December 31, 2005 and 10-Q filed throughout 2006.
Investor Relations contact:
Shane Glenn, Director of Investor Relations, 952-294-3416
Haberman & Associates
Brian Wachtler, 612-338-3900