ROCK HILL, S.C.—(BUSINESS WIRE)—June 5, 2007— 3D Systems Corporation (NASDAQ: TDSC), a leading provider of 3-D Modeling, Rapid Prototyping and Manufacturing solutions, announced today that it has selected Canon Virginia, Inc., a subsidiary of Canon U.S.A, Inc., to manufacture its V-Flash(TM) compact Desktop Modeler. On January 18, 2007, 3D Systems announced its plans to introduce a revolutionary, fast, simple and compact new office modeler, the V-Flash(TM) Desktop Modeler, this summer.
The V-Flash(TM) Desktop Modeler can build ready-to-use,
three-dimensional models within hours at home, school or office
workstations. The cost-effective model-maker will enable designers,
engineers, hobbyists and students to imagine, design and produce their
ideas at their desks.
The V-Flash(TM) Desktop Modeler is the first product 3D Systems
plans to bring to market this summer that is based on a breakthrough
fourth technology platform. This innovative and advanced technology
platform enhances the company's already comprehensive portfolio of 3-D
Modeling, Rapid Prototyping and Manufacturing solutions. The company's
development of cutting-edge proprietary Film Transfer Imaging (FTI)
technology enabled the development of this simple, fast, compact and
affordable desktop modeler, a solution that the company expects will
surpass all other current technology 3-D printers on the market.
"We are very pleased to be selected by 3D Systems as their
manufacturing partner for this exciting and innovative new product,"
said Takayoshi Hanagata, president and chief executive officer of
Canon Virginia. "3D Systems will benefit from the latest manufacturing
technologies, process knowledge and expertise without having to make
substantial capital investments or dedicate additional resources.
Utilizing the Canon Production System and our principles, we combine
our extensive workforce training with state-of-the-art technology and
strict quality assurance techniques."
Canon Virginia uses world-class lean manufacturing processes to
help enable consistently smooth product introduction and quick
ramp-ups. Through this arrangement, 3D Systems will rely on Canon
Virginia's proven ability to create efficient processes to produce the
high quality products, on time, and at the lowest possible cost.
Canon also has a strong commitment to its community and
environment. Guided by the philosophy known as "kyosei," or living and
working together for the common good, Canon constantly seeks new ways
to reduce waste streams. Because of its expertise in recycling,
reclamation and waste-stream reduction of office imaging equipment,
Canon will offer 3D Systems a cartridge collection and recycling
program, and administer it on its behalf.
"We are delighted to team up with a world class manufacturer such
as Canon Virginia, Inc.," said Abe Reichental, 3D Systems' president
and chief executive officer.
"The development of the V-Flash(TM) Desktop Modeler represents a
significant and important building block in our comprehensive strategy
to provide our customers with solutions that transform the way they
design and manufacture new products. Today's announcement underscores
our strong commitment to this new technology and our belief in its
enormous growth potential. We believe that this technology platform
will enable us to broaden our marketplace reach and accelerate the
adoption of this revolutionary technology," concluded Reichental.
Both companies commenced working together to deliver this new
revolutionary system to market. The V-Flash(TM) Desktop Modeler is
expected to be the most economical machine of its kind at $9,900,
making it affordable for businesses, hobbyists and educational
The V-Flash(TM) Desktop Modeler will be available in the summer of
2007 in the United States. More information on this revolutionary new
model-maker is available at www.modelin3d.com.
Certain statements made in this release that are not statements of
historical or current facts are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-Looking statements may involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to be materially different
from historical results or from any future results expressed or
implied by such forward-looking statements. In addition to statements
that explicitly describe such risks and uncertainties, you are urged
to consider statements in the conditional or future tense or that
include terms as "believes," "belief," "expects," "estimates,"
"intends," "anticipates" or "plans" to be uncertain and
forward-looking. Forward-looking statements may include comments as to
the company's beliefs and expectations as to the future events and
trends affecting its business and expectations and are necessarily
subject to uncertainties, many of which are outside the control of the
company. The factors described under the headings "Forward-Looking
Statements," "Cautionary Statements and Risk Factors," and "Risk
Factors" in the company's periodic filing with the Securities and
Exchange Commission, as well as other factors, could cause actual
results to differ materially from those reflected or predicted in
About 3D Systems Corporation
3D Systems is a leading provider of 3-D Modeling, Rapid
Prototyping and 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 as well as for production of functional end-use parts:
Transform your products.
More information on the company is available at www.3dsystems.com.
About Canon Virginia, Inc.
Located in Newport News, Va., Canon Virginia, Inc. uses
world-renowned production systems and extensive technical and
manufacturing expertise to offer manufacturing solutions, including
injection mold tools, metal and plastic parts, product manufacturing
and reverse manufacturing. From concept to completion, from innovation
to delivery, Canon Virginia ensures the reliability of world-class
quality and efficiency representative of the Canon name. For more
information, call 1-757-881-6300 or visit www.cvi.canon.com.
About Canon U.S.A., Inc.
Canon U.S.A., Inc. delivers consumer, business-to-business and
industrial imaging solutions. The company is listed as one of
Fortune's Most Admired Companies in America and is rated #35 on the
BusinessWeek list of "Top 100 Brands." Its parent company, Canon Inc.
(NYSE:CAJ), is a top patent holder of technology, ranking second
overall in the U.S. in 2005, with global revenues of $31.8 billion.
For more information, visit www.usa.canon.com.
(TM) - all referenced products names and other marks are
trademarks of their respective owners