VALENCIA, Calif. & MONTREAL--(BUSINESS WIRE)--Sept. 27, 2001--3D Systems Corp. (Nasdaq: TDSC) and CYNOVAD today announced they have signed a manufacturing and supply agreement for several hundred solid object printers to be delivered through the end of 2004. The agreement, if fully exercised, is valued at more than $10 million, including materials and 3D Systems service support.
Under the agreement, 3D Systems will deliver the printers re-branded as the "WaxPro(TM)" to be sold exclusively by CYNOVAD to dental laboratories around the world. The printers are intended for rapid manufacturing of dental prosthetics such as copings, crowns and bridges. The parts built on the printer can be used as master patterns for investment casting of metals and ceramics.
"CYNOVAD's ability to sell directly to dental labs adds an exciting new application for digital 3-D printing," said Gordon Moore, 3D Systems' vice president for the Americas. "We expect this automated technology will be a great benefit to an industry segment that for years has relied on more time-consuming manual methods for model-making."
"We are very happy to establish this partnership with 3D Systems," said Naoum Araj, president of CYNOVAD. "The WaxPro(TM) system responds to dental laboratories' needs to increase their throughput and reduce their operating costs, while keeping consistent and reliable prostheses quality."
According to CYNOVAD's research, more than 50,000 dental laboratories in North America, Western Europe and Japan produce about 100 million restorations annually.
The WaxPro(TM) process integrates the unique features of CYNOVAD's scanning and modeling technologies, developed specifically for dental applications, and 3D Systems' solid object printer. The combined technologies operate under CYNOVAD's global operating software and will provide dental laboratories with an outstanding efficient, semi-automated waxing process, which is expected to substantially reduce their labor costs.
About 3D Systems
Founded in 1986, 3D Systems provides solid imaging products and solutions that help reduce the time and cost of designing products and facilitate direct and indirect manufacturing. Its systems utilize patented technologies that create physical objects from digital input.
3D Systems currently offers the ThermoJet® solid object printer, SLA® systems (stereolithography) and SLS® systems (selective laser sintering), as well as related software and materials. Product pricing in the U.S. ranges from $49,995, for the ThermoJet printer, to $799,000 for the high-end SLA 7000 system.
The company licenses the complementary 3D Keltool® process, a method for producing steel mold inserts, and currently is developing systems that use composite paste materials for direct manufacturing. In August, 3D Systems merged with DTM Corp. and announced its intent to acquire Rapid Prototyping Chemicals (RPC) Ltd. of Marly, Switzerland.
More information on the company is available at www.3dsystems.com, or by phoning 888/337-9786, ext. 792, or 661/295-5600 internationally. An investor packet can be obtained by calling 800/757-1799.
Founded in 1998, CYNOVAD is a Montreal-based company that has developed enabling technologies to position itself as the world leader in digital dentistry. The company has introduced to the dental market a groundbreaking concept, The CREATION MATRIX, aimed at improving the quality, cost-efficiency, patient comfort and aesthetics in manufactured dental restorations.
CYNOVAD has developed a unique ASP business concept that combines and controls the fundamental components that are required to successfully produce dental prostheses on a mass production scale, namely: the materials, the shape and the shade.
More information on CYNOVAD is available at www.cynovad.com or by contacting customer service at 514/337-1444, ext. 386. An investor package is available upon request.
Certain statements in this news release may include forward-looking statements, which express the expectation, prediction, belief or projection of 3D Systems. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and achievement of 3D Systems to be materially and adversely different from any future results, performance or achievement expressed or implied by these forward-looking statements. Factors that may cause actual results to differ from the forward-looking statements contained in this release and that may affect the company's prospects in general include, but are not limited to: worldwide economic conditions; the funding of amounts of capital adequate to provide for the working capital needs of the company; actions of competitors and customers; reliance on single or limited suppliers; customer acceptance of new products, including the WaxPro(TM) printer; and such other factors as are described in the companies' filings with the Securities and Exchange Commission, including annual reports on Form 10-K for the year ended Dec. 31, 2000, quarterly reports on Form 10-Q for the quarters ended March 31 and June 30, 2001, and 3D Systems' current reports on Form 8-K filed on April 6, April 10 and Sept. 4, 2001.
Note to Editors: ThermoJet, SLA, SLS, Keltool and the 3D logo are registered trademarks of 3D Systems. The CREATION MATRIX and WaxPro are trademarks of CYNOVAD.
3D Systems Corp., Valencia Jeff Krinks, 661/295-5600, ext. 2910 Email Contact or Self & Associates, Calabasas, Calif. Trudy Self, 818/880-5437 Email Contact or CYNOVAD, Montreal Rene Saint-Pierre, 514/337-1444, ext. 268 Email Contact