Innovation Rewarded at Internationally-Renowned Inventions Competition
MINNEAPOLIS & REHOVOT, Israel — (BUSINESS WIRE) — June 5, 2013 — Stratasys Ltd. (NASDAQ: SSYS), a leading manufacturer of 3D printers and production systems for prototyping and manufacturing, today announced that it has received a coveted Gold Award at this year’s Concours Lépine International Inventions Exhibition, held recently within the Foire de Paris event, in France.
Stratasys Territory Manager for France, Patrick Kieffer, was awarded the Gold Medal within the Concours Lepine's Chamber & Senate Category after the company submitted a patent for a breakthrough pseudo composite material which offers innovative benefits in the manufacture of 3D printed parts and prototypes. (Photo: Stratasys)
Stratasys was awarded the Gold Medal within the Concours Lépine’s Chamber & Senate Category after submitting a patent for a breakthrough pseudo composite material which offers innovative benefits in the manufacture of 3D printed parts and prototypes.
Using Stratasys’ highly precise PolyJet technology, the pseudo composite material, which boasts a multi-phase structure and pre-designed properties – including mechanical, thermo-mechanical, acoustical, optical and electrical, enables the design and formation of numerous combinations of materials.
“As it has for 112 years, the Concours Lépine continues to showcase pioneering creations from the most imaginative ideas,” says Gérard Dorey, President of the Concours Lépine. “Stratasys’ entry to the competition perfectly typifies the fundamental inventiveness that our judging panel are seeking, while also upholding the pre-requisite criteria of ingeniousness and economic viability.”
According to the Concours Lépine’s 2013 judging committee, Stratasys won the prestigious award in recognition of the innovative characteristics of the material and the ground-breaking functionality it affords users. The material also makes it possible to design and test prototypes that are very close to the desired end-user part in terms of mechanical properties and material combinations.
Having been selected by the competition’s President and Jury Members comprising different organizations and institutions, Stratasys was presented the Gold Medal accolade at an official awards ceremony, which also marked the end of the internationally-renowned, Concours Lépine.
As well as the awards competition, the 13-day long event provides a platform for the world's inventor community to unveil and display their innovations to the general public. The 2013 edition welcomed around six-hundred inventors, a third of them from abroad.
About Stratasys Ltd.
Stratasys Ltd. (Nasdaq: SSYS) is the corporate entity formed in 2012 by the merger of 3D printing companies Stratasys Inc. and Objet Ltd., based in Minneapolis, Minn. and Rehovot, Israel. The Company manufactures 3D printers and materials for prototyping and production. Its patented FDM® and PolyJet® processes produce prototypes and manufactured goods directly from 3D CAD files or other 3D content. Systems include affordable desktop 3D printers for idea development, a range of systems for prototyping, and large production systems for direct digital manufacturing. Since June 2012, the Company’s range of over 130 3D printing materials is the widest in the industry and includes in excess of 120 proprietary inkjet-based photopolymer materials and 10 proprietary FDM-based thermoplastic materials. Stratasys also manufactures Solidscape 3D Printers and operates the RedEye On Demand digital-manufacturing service. The Company has more than 1100 employees, holds more than 500 granted or pending additive manufacturing patents globally, and has received more than 20 awards for its technology and leadership. Online at: www.stratasys.com or http://blog.stratasys.com.
Stratasys, Objet, PolyJet and FDM are registered trademarks of Stratasys Ltd.
Cautionary Statement Regarding Forward-Looking Statements
Statements regarding Stratasys’ beliefs, intentions and expectations, including statements regarding the expected functionality and capabilities of the Stratasys technology, products and materials are forward-looking statements. The statements involve risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those projected. Actual results may differ materially due to a number of factors, including the risk and uncertainty that the businesses of the two companies may not be integrated successfully; the risk that the merger may involve unexpected costs or unexpected liabilities; the risk that synergies from the merger may not be fully realized or may take longer to realize than expected; the risk that management’s focus on and disruptions arising from the merger make it more difficult to maintain relationships with customers, employees, or suppliers. Stratasys’ ability to achieve the results presented in any forward-looking statement will depend on numerous factors, including its ability to penetrate the 3D printing market; its ability to achieve the growth rates experienced in preceding quarters; its ability to introduce, produce and market both existing and new consumable materials, and the market acceptance of these materials; the impact of competitive products and pricing; its timely development of new products and materials and market acceptance of those products and materials; the success of Stratasys’ recent R&D initiative to expand the DDM capabilities of its core FDM technology; and the success of Stratasys’ RedEye On DemandTM and other paid parts services. These and other applicable factors are discussed in this presentation and in Stratasys’ filings with the Securities and Exchange Commission. These filings include the definitive proxy statement/prospectus filed with the SEC on August 8, 2012, as well as the filings that Stratasys, Inc. has made with the SEC and that Stratasys Ltd. has made and will make with the SEC in the future, including its report on Form 20-F to be filed for the year ended 12/31/2012. Any forward-looking statements included in this presentation are as of the date they are given, and Stratasys does not intend to update them if its views later change, except as may be required by law. These forward-looking statements should not be relied upon as representing Stratasys’ views as of any date subsequent to the date they are given.
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