Clay to Define the Company's Strategic Direction and Oversee Financial Management
Clay succeeds Marina Hatsopoulos, Z Corp.'s founding CEO, who has accepted a seat on the Contex board of directors. Z Corp. is an independently operating Contex subsidiary.
"Tom is a proven strategist and leader who brings a wealth of experience to the CEO position," said Steen Borg, CEO of Contex. "He is unquestionably the right person to lead Z Corp. on its mission to make 3D printing as fast, affordable, and easy to use as 2D printing."
Clay spent six years as Z Corp. president, leading the team that established global distribution, increased revenue by a factor of 50, achieved profitability five of the last six years, and drove development of industry's first high-definition 3D color printer and first affordable monochrome 3D printer. Prior to Z Corp. he was a management consultant and researcher with the Harvard Business School, and served as a Captain in the United States Army where he was an Airborne Ranger. He holds an M.B.A. from Harvard Business School.
"I am delighted to contribute to the success of the company on a new level, and honored to have the confidence of Contex," Clay said. "Z Corp.'s high-definition color 3D printers are poised to become the dominant output devices for 3D data in mechanical design, architecture, GIS, and medical markets. We plan to ensure that broad market adoption through new investment, innovation, and acquisition, and I look forward to leading that charge."
About Z Corporation
Z Corporation develops, manufactures, and markets the world's fastest, high-definition 3D printers -- machines that produce 3D physical prototypes of real-world objects with the speed, ease, and affordability of 2D desktop printing. Leading manufacturers, Fortune 500 companies, and centers for research, including Sony, Fisher-Price, Adidas, Canon, NASA, Lockheed Martin, Northrop Grumman, BMW, Porsche, Ford, DaimlerChrysler, Harvard, MIT and Yale, rely on Z Corp.'s printers to produce prototypes as part of the development of a broad range of world-class products and technologies. Z Corp. systems are not only the fastest 3D printers on the market but also offer the only color 3D printing capabilities. Z Corp. holds patents on its proprietary 3D printing materials and equipment and licenses others from MIT, where the company's technology was originally developed. For the latest news and information from Z Corp., visit the company's Web site at http://www.zcorp.com.
About Contex Scanning Technology
Contex Scanning Technology is the leading manufacturer of wide-format color and monochrome scanners and an innovative developer of advanced scan and copy software for these products. Contex creates solutions for Reprographics, CAD, GIS, Graphic Arts, Document Archival, Copy shops, POP/Exhibit providers, Pre-Press, Sign and Billboard production, Architecture and Engineering offices. Context Scanning Technology is wholly owned by EQT. Visit http://www.contex.com.
Contact: Kevin Lach Christine Major Z Corporation Beaupre & Co. Public Relations 781-852-5086 603-559-5837 Email Contact Email Contact http://www.zcorp.com