MINNEAPOLIS—(BUSINESS WIRE)—December 18, 2007— Stratasys (Nasdaq: SSYS) today announced the election of John McEleney to its board of directors, effective December 17, 2007. Mr. McEleney is a director and the former CEO of computer aided design (CAD) industry leader SolidWorks, located in Concord, MA, which is a subsidiary of Dassault Systemes S.A. (Nasdaq:DASTY). He has served as a director of SolidWorks since 2000 and also serves on the board of Newforma, a privately held software company in Manchester, NH.
Mr. McEleney, who retired as CEO of SolidWorks in June of this
year, has served in a number of executive roles there from 1996 to
2007, including CEO since 2001, COO, and VP Americas Sales. Prior to
joining SolidWorks, Mr. McEleney held several senior management
positions with CAD software manufacturer Computer Vision and with
Raytheon. Mr. McEleney holds an MBA from Northeastern University, a
master's in manufacturing systems from Boston University, and a
bachelor's in mechanical engineering from the University of Rochester,
"The CAD design industry is intimately tied to our industry -
product modeling and production," said Scott Crump, Stratasys
chairman, president, and CEO. "We expect that Mr. McEleney's 20 years
of CAD industry experience will make him a valuable addition to the
Stratasys Inc., Minneapolis, manufactures additive fabrication
machines for 3 D printing, prototyping, and direct digital
manufacturing. According to Wohlers Report 2007, Stratasys supplied 41
percent of all such systems installed worldwide in 2006, making it the
unit market leader for the fifth consecutive year. Stratasys owns the
rapid prototyping process known as fused deposition modeling (FDM).
The process creates functional prototypes and end-use parts directly
from any 3D CAD program, using ABS plastic, polycarbonate, PPSF, and
blends. The company holds more than 180 granted or pending additive
fabrication patents globally. Stratasys products are used in the
aerospace, defense, automotive, medical, education, electronic, and
consumer product industries. On the Web: www.Stratasys.com.
FDM is a registered trademark of Stratasys, Inc.
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