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