Stratasys Gets Its Mojo With New 3D Printer
Company unveils the market's lowest-priced professional-grade
3D-printing system
MINNEAPOLIS--(BUSINESS WIRE)--
There's Mojo in the making at Stratasys
(Nasdaq:SSYS) today, as the company announced its latest effort: the
Mojo 3D Printer, which comes in a complete system called a 3D Print
Pack. The
Mojo 3D Print Pack is the market's lowest-priced professional-grade
complete 3D printing system.
The Mojo 3D Printer from Stratasys is the industry's first professional-grade complete 3D printing system for under $10,000 USD. (Photo: Stratasys)
In this keynote
video, Stratasys Global Marketing VP Jon Cobb introduced the
revolutionary Mojo to an enthused audience at the company's
international reseller meeting.
Priced at $9,900, the Mojo 3D Print Pack is more than just the printer.
The package contains everything needed to produce models (including
material and a support-removal system). Like all 3D printers from
Stratasys, Mojo is a genuine, patented Fused Deposition Modeling (FDM®)
system. In the U.S., Stratasys offers a leasing option with payments as
low as $185 per month.
New Modeling Technology Ensures Reliability
To produce a model, Mojo employs an innovative variation on traditional
FDM material extrusion. The ABS material spool and the print head are
integrated to a single package, called the QuickPack print engine. To
ensure optimal reliability, a fresh print head is part of each material
change. Material loading is similar to snapping in an inkjet cartridge
on a paper printer.
Industry's Easiest Operation in a Compact 3D Printer
A desktop 3D printer, Mojo measures only 25 inches wide and 21 inches
deep. It measures 18 inches in height (64 x 53 x 46 cm). As with a paper
printer, no training is needed to get it set up and running, and
settings are selected at the host computer, not the printer itself.
Modeling operations are easy with Mojo's preprocessing software, Print
Wizard, which helps users efficiently manage workflow. Support material
removal is also a simple process with the included WaveWash55. It is a
self-contained, hands-free cleaning system, and it requires no plumbing.
Fine Feature Detail
Delivering fine feature detail, Mojo has a layer resolution previously
available only in the Dimension Elite and the Fortus Production 3D
Printer line.
Professional Third-Party Evaluation
After evaluating an early beta-test unit, Todd Grimm, president of T. A.
Grimm & Associates, noted: "Stratasys, who arguably started the
revolution in 3D printing, is poised to shake up the market again with a
complete professional system that breaks the $10,000 mark. With its new
[3D printer], Stratasys is in a league of its own. It's
counter-intuitive to get a low-price product with high quality like
this."
"The name Mojo implies magic, which is how some describe 3D printing
upon first witnessing it," says Stratasys VP of Global Marketing Jon
Cobb. "You can buy a less expensive 3D printer, but for the serious
designer or engineer, Mojo is the lowest-priced product that offers
professional-quality output, comes as a complete package system, and
uses industrial-grade thermoplastic material. I expect this will be of
interest not just to engineers and educators, but entrepreneurs and
independent designers as well."
Multimedia content and resources on the Mojo 3D Printer and 3D printing
include:
For more information on Stratasys 3D printers please visit www.stratasys.com
Stratasys Inc., Minneapolis, is a maker of additive manufacturing
machines for prototyping and producing plastic parts. The company
markets under the brands uPrint and Dimension 3D Printers and Fortus
Production 3D Printers. The company also operates RedEye On Demand, a
digital-manufacturing service for prototypes and production parts.
Stratasys manufactures 3D printers for Hewlett Packard, which it sells
under the brand Designjet3D. In 2011 Stratasys acquired 3D printer maker
Solidscape Inc. According to Wohlers Report 2011, Stratasys had a
41-percent market share in 2010, and has been the unit market leader for
the ninth consecutive year. Stratasys patented and owns the Fused
Deposition Modeling (FDM®) process. The process creates
functional prototypes and manufactured goods directly from any 3D CAD
program, using high-performance industrial thermoplastics. The company
holds 300 granted or pending additive manufacturing patents globally.
Stratasys products are used in the aerospace, defense, automotive,
medical, business and industrial equipment, education, architecture, and
consumer-product industries. Online at: www.stratasys.com
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FDM, WaveWash and Stratasys are registered trademarks of Stratasys
Inc.
|
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Fused Deposition Modeling, FDM Technology Mojo, Print Pack and
QuickPack are trademarks of Stratasys Inc.
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Attention Editors: If you wish to publish reader-contact
information, please use: info@stratasys.com,
1-888-480-3548, www.stratasys.com.
Cautionary Statement Regarding Forward-Looking Statements
All statements herein that are not historical facts or that include such
words as "expects," "anticipates," "projects," "estimates," "vision,"
"could," "potential," "plan", "intends", "desires", "assume" or
"believes" or similar words constitute forward-looking statements
covered by the safe harbor protection of the Private Securities
Litigation Reform Act of 1995. Except for the historical information
herein, the matters discussed in this news release are forward-looking
statements that involve risks and uncertainties. These include
statements regarding the expected timing and ultimate closing of the
merger with Objet, as well as the financial and operating results of the
combined company after, and the anticipated benefits of, the merger; the
size of the 3D printing market; our objectives for the marketing and
sale of our Dimension® and uPrint® 3D Printers; our support removal
systems; and our Fortus® 3D Production Systems, particularly for use in
direct digital manufacturing (DDM); the demand for our proprietary
consumables; the expansion of our paid parts service; and our beliefs
with respect to the growth in the demand for our products. Actual
results may differ from those expressed or implied in our
forward-looking statements. Such forward-looking statements involve and
are subject to certain risks and uncertainties, which may cause our
actual results to differ materially from those discussed in a
forward-looking statement. Risks and uncertainties that may affect our
business include our ability to penetrate the 3D printing market; the
success of our distribution agreement with HP; our ability to achieve
the growth rates experienced in preceding quarters; our ability to
introduce, produce and market consumable materials, and the market
acceptance of these materials; the impact of competitive products and
pricing; our timely development of new products and materials and market
acceptance of those products and materials; the success of our recent
R&D initiative to expand the DDM capabilities of our core FDM
technology; the success of our RedEye On Demand™ and other paid parts
services; our ability to obtain the necessary approvals, including the
affirmative vote of the Stratasys shareholders, and to satisfy the
necessary closing conditions in order to successfully close the merger;
our ability to successfully integrate and market the combined company's
products; the combined company's ability to achieve the expected revenue
targets, the combined company's ability to attract and retain
management; and the combined company's ability to protect and defend
intellectual property. These statements represent beliefs and
expectations only as of the date they were made. We may elect to update
forward-looking statements, but we expressly disclaim any obligation to
do so, even if our beliefs and expectations change. In addition to the
statements described above, such forward-looking statements are subject
to the risks and uncertainties described more fully in our reports filed
or to be filed with the Securities and Exchange Commission, including
our annual reports on Form 10-K and quarterly reports on Form 10-Q.
Important Information for Investors and Shareholders
In connection with the combination of Objet and Stratasys pursuant to an
Agreement and Plan of Merger (the "Merger"), Objet will file with the
Securities and Exchange Commission (the "SEC") a registration statement
on Form F-4, which will include a proxy statement/prospectus of
Stratasys and a prospectus of Objet, as well as other relevant materials
in connection with the proposed transaction. Stratasys will concurrently
file the same proxy statement/prospectus with the SEC and will mail it
to Stratasys shareholders for purposes of soliciting proxies for voting
in favor of approving the Merger at a special meeting of Stratasys
stockholders called for the purpose of approving the Merger Agreement
and the Merger. INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE PROXY
STATEMENT/PROSPECTUS AND OTHER RELEVANT MATERIALS WHEN THEY BECOME
AVAILABLE BECAUSE THESE MATERIALS WILL CONTAIN IMPORTANT INFORMATION
ABOUT STRATASYS, OBJET AND THE PROPOSED TRANSACTION. The proxy
statement/prospectus and other relevant materials (when they become
available) and any other related documents filed with the SEC may be
obtained free of charge on the SEC's website at www.sec.gov
or via the Stratasys website at www.stratasys.com.
Shareholders may also obtain a copy of the SEC filings free of charge
upon written request to Stratasys, Attention: Shane Glenn, Director of
Investor Relations, 7665 Commerce Way, Eden Prairie, Minnesota 55344.
Stratasys' executive officers and directors may be deemed to be
participants in the solicitation of proxies from the shareholders of
Stratasys in connection with the Merger. Information about Stratasys'
executive officers and directors and their ownership of Stratasys common
stock will be set forth in Stratasys' amended Annual Report on Form 10-K
for the year ended December 31, 2011, which will be filed with the SEC.
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any
sale of securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50268674&lang=en
Stratasys Inc.
Investor Contact
Shane
Glenn, 952-294-3416
Shane.Glenn@stratasys.com
or
Editorial
Contacts
Joe Hiemenz, 952-906-2726
Joe.Hiemenz@stratasys.com
Aaron
Masterson, 952-346-6258
AMasterson@WeberShandwick.com
Source: Stratasys Inc.
News Provided by Acquire Media
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