MINNEAPOLIS, Mar 24, 2009 (BUSINESS WIRE) -- The Dimension brand of 3D printers by Stratasys, Inc. (Nasdaq: SSYS), today announced that it has reduced the base price of its Elite and 1200es 3D printers. The Elite, previously priced at $32,900 is now available for $29,900. The SST 1200es (with Soluble Support Technology) is now priced at $32,900, down from $34,900, and the BST 1200es (with Breakaway Support Technology) is now just $18,900, reduced from $26,900.
"Our decision to reduce the price of our popular Elite and 1200es series is part of our long-term commitment to providing the market with the highest quality 3D printing technology at the most affordable prices," said Jon Cobb, Stratasys vice president of sales and marketing for the Americas.
In addition, Stratasys will discontinue production of its Dimension 768 Series 3D printers - though parts and material will continue to be available for current owners.
"With the introduction of the uPrint Personal 3D Printer this past January and the price reductions on the Elite and 1200es Series, we now have a complete product offering ranging from $14,900 to $32,900. We have a variety of prices and feature sets to meet the needs of our design and engineering customers," said Cobb.
Dimension is a brand of 3D printers by Stratasys that offers CAD (computer-aided-design) users a low-cost, networked alternative for building functional 3D models from the desktop. The printers build models layer-by-layer using ABS plastic, one of the most widely used thermoplastics in today's injection-molded products. Dimension 3D printers allow users to evaluate design concepts and test models for functionality, form and fit.
Online at: www.DimensionPrinting.com
Stratasys, Inc., Minneapolis, manufactures additive fabrication machines for prototyping and manufacturing plastic parts. The company also operates a service for part prototyping and production. According to Wohlers Report 2008, Stratasys supplied 44 percent of all additive fabrication systems installed worldwide in 2007, making it the unit market leader for the sixth consecutive year. Stratasys patented and owns the process known as FDM®. The process creates functional prototypes and manufactured goods directly from any 3D CAD program, using high-performance industrial thermoplastics. The company holds more than 180 granted or pending additive fabrication patents globally. Stratasys products are used in the aerospace, defense, automotive, medical, business & industrial equipment, education, architecture, and consumer-product industries.
Online at: www.Stratasys.com
Forward Looking Statements
All statements herein that are not historical facts or that include such words as "expects", "anticipates", "projects", "estimates", "vision", "planning" 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 projected revenue and income in future quarters; the size of the 3D printing market; our objectives for the marketing and sale of our DimensionTM 3D printers and our FortusTM 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. Other risks and uncertainties that may affect our business include 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, produce and market new materials, such as ABS-Plus and ABS-M30, and the market acceptance of these and other 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; and the success of our RedEyeOnDemandTM and other paid parts services. Actual results may differ from those expressed or implied in our forward-looking statements. 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 include 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.
SOURCE: Stratasys, Inc.