Office to serve Japanese, Korean and Australian Markets' Growing>
MINNEAPOLIS--(BUSINESS WIRE)--Jan. 18, 2007--The Dimension 3D Printing Group, a business unit of Stratasys, Inc. (Nasdaq:SSYS), today announced it has opened a new office in Tokyo, Japan. In addition to Japan, the new office will support Dimension's market reach in Australia and Korea.
"Over the last year, we've seen an 89 percent increase in the number of Dimension 3D printing systems shipped to Japan," said Jon Cobb, vice president and general manager of 3D printing for Stratasys. "As new design centers appear in Japan, Korea and Australia, the demand for reliable, high-quality 3D printing technology in this region will continue to grow. The durable models Dimension 3D printers produce meet the demands manufacturers have for desktop systems that can produce nearly finished parts. The addition of the Japan office will better position us to capitalize on opportunities in this region."
The addition of the Japan office comes on the heals of Dimension's recent opening of an office in Shanghai, China. The Japan and China offices further expand Dimension's reach in Asia Pacific, a region that already includes offices and a network of Dimension partners in Hong Kong and Taiwan.
The area manager for the new Dimension Japan office is Scott Papenfuss. He can be contacted via email at firstname.lastname@example.org.
About The Dimension 3D Printing Group
The Dimension 3D Printing Group is a business unit of Stratasys, Inc., based in Minneapolis, Minn. Dimension 3D printers - which include the Dimension 1200 and Dimension 768 Series - are networked, desktop modeling systems that provide CAD (Computer-Aided-Design) users a fast, office-friendly, low-cost alternative for building functional 3D prints. Dimension 3D printers build accurate models layer by layer using durable ABS plastic, allowing users to not only evaluate design concepts, but test 3D prints for functionality, form and fit. As the first large format desktop 3D printer that sells for less than $30,000, Dimension incorporates many key features found in modeling systems that cost tens of thousands of dollars more. For more information on Dimension 3D printers, visit 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 PC-ABS 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, 952-294-3416
Director of Investor Relations
Haberman & Associates
Brian Wachtler, 612-338-3900
Alex Seitz, 612-338-3900
SOURCE: Dimension 3D Printing Group