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3D Systems Acquires Desktop Factory for $5K 3D Printer

ROCK HILL, SC, Sep 1, 2009 - 3D Systems Corporation (NASDAQ: TDSC), a leading provider of 3D Printing, Rapid Prototyping and Manufacturing solutions, announced today that it acquired certain assets of Desktop Factory, Inc., an Idealab company that developed a sub-$5,000 3D Printer. The Desktop Factory 3D Printer, which is currently in an advanced development stage, produces robust plastic parts at a build speed comparable to existing 3D printing technologies. 3D Systems plans to continue to develop Desktop Factory’s technology within its previously announced annual research and development expenditure range and to integrate this breakthrough technology into its expanding family of desktop and professional 3D Printers. The terms of the transaction were not material.

“We are very pleased to add Desktop Factory’s technology to our growing portfolio of affordable 3D Printing engines,” said Abe Reichental, president and CEO of 3D Systems.

“Until recently, cost and complexity have confined 3D Printers to the shops and design departments of major corporations and premier design firms. The growing success and acceptance of the V-Flash System, our first sub-$10,000 compact desktop 3D Printer, reaffirms our commitment to making 3D Printing as common in offices, factories, schools and homes as 2-D printers are today. We believe the technology already developed by Desktop Factory, in combination with our extensive technology portfolio, could lead to a new generation of fast, simple and affordable 3D Printers capable of making durable plastic parts,” concluded Reichental.

“We are delighted to have found the opportunity to place the assets, intellectual property and many of our people with 3D Systems: a leading brand with the resources and the commitment to deliver on the promise of a truly low cost, easy to use 3D Printer,” said Cathy Lewis, CEO of Desktop Factory.

“Fittingly, this ongoing 3D Printer development work will continue under the leadership of Chuck Hull, the pioneer of Additive Manufacturing technology, with ongoing reliance on the support of our dedicated user community. One of the most powerful assets in this transaction is something that cannot be bought or sold, and that asset is our users. 3D Systems understands and appreciates our active user community’s commitment to Desktop Factory and feels a responsibility to build on this foundation,” concluded Lewis.

About 3D Systems Corporation

3D Systems is a leading provider of 3D Printing, Rapid Prototyping and Direct Manufacturing solutions. Its systems and materials reduce the time and cost of designing products and facilitate direct and indirect manufacturing by creating actual parts directly from digital input. These solutions are used for design communication and prototyping well as for production of functional end-use parts: Transform your products.

For more information, visit www.3dsystems.com.

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See also

3D Systems website
Rapid Prototyping Companies list - by TenLinks.com
CAM Products and Companies list - by TenLinks.com

Related News

Oct 1 - 3D Systems Acquires Acu-Cast, Launches 3Dproparts Service
Sep 1 - 3D Systems Acquires Desktop Factory for $5K 3D Printer

Source: Material used in press releases is often supplied by external sources and used as is.

 
  



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