3D Systems Plans to Integrate Breakthrough Affordable 3-D Printer Technology Into Its Growing Family of Desktop and Professional 3-D Printers.
ROCK HILL, S.C - 3D Systems Corporation (Nasdaq:TDSC), a leading provider of 3-D 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 3-D Printer. The Desktop Factory 3-D Printer, which is currently in an advanced development stage, produces robust plastic parts at a build speed comparable to existing 3-D printing technologies. 3D Systems plans to continue to develop Desktop Factory's technology within its previously announced annual research and development expenditure range and integrate this breakthrough technology into its expanding family of desktop and professional 3-D 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 3-D Printing engines," said Abe Reichental, president and CEO of 3D Systems.
"Until recently, cost and complexity have confined 3-D Printers to the shops and design departments of major corporations and premier design firms. The growing success and acceptance of the V-Flash(r) System, our first sub-$10,000 compact desktop 3-D Printer, reaffirms our commitment to making 3-D 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 3-D 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 3-D Printer," said Cathy Lewis, CEO of Desktop Factory.
"Fittingly, this ongoing 3-D 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.
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