Stratasys Establishes Dimension 3D Printing Group
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Stratasys Establishes Dimension 3D Printing Group

New Business Unit to be Led by Jonathan Cobb, Vice President and General Manager of 3D Printing

MINNEAPOLIS--(BUSINESS WIRE)--March 28, 2003-- Stratasys, Inc. (Nasdaq: SSYS), an industry leader in 3D printing and rapid prototyping solutions, announced today it has established the Dimension 3D Printing Group as a new Stratasys business unit. The new group will be led by Jonathan Cobb, vice president and general manager of 3D printing for the company.

Introduced by Stratasys in February 2002, Dimension(TM) is the industry's first desktop 3D printer that sells for less than $30,000. Dimension, which produces functional 3D models directly from CAD (Computer-Aided-Design) systems, played a significant role in helping Stratasys generate record revenues and operating profit for the year ended Dec. 31, 2002.

The Dimension 3D Printing Group will focus its efforts on continuing to gain market share in the growing low-end prototyping marketplace by aggressively targeting new and existing vertical industries through a fast-growing network of Dimension resellers. Stratasys and the balance of its internal sales force will continue to focus on the established high-performance rapid prototyping, rapid tooling and rapid manufacturing markets.

"Dimension's success over the past year illustrates the significant market opportunity for Stratasys in 3D printing," said Scott Crump, chairman and chief executive officer for Stratasys. "By creating a group charged solely with targeting and dominating this growing market, we expect to capitalize fully on this opportunity. We are excited to have someone of Jon's caliber and industry experience leading this group.

"There are more than two million 3D solid CAD engineering 'seats' now operating globally, but only 10,000 rapid prototyping systems in the field," Crump continued. "With many designers now recognizing 3D printing as an essential extension to their CAD systems due to its cost effective price point, we believe that a substantial market exists for Dimension."

Cobb has more than 20 years experience in CAD, peripheral printing and plotting products, seven of which have been devoted to rapid prototyping and 3D printing. Cobb will be responsible for driving Dimension's product direction and marketing strategy, as well as leading the new group's strategic partnering and sales channel efforts.

"Dimension is built on Stratasys' proven technology and is quickly establishing a leadership position in the 3D printing market," Cobb said. "I look forward to helping the company further expand this business."

About Dimension

Dimension is a business unit of Stratasys, Inc., based in Minneapolis, Minn. The Dimension 3D Printer is a networked, desktop modeling system that provides CAD (Computer-Aided-Design) users a fast, office-friendly, low-cost alternative for building functional 3D models. Dimension builds accurate models layer by layer using durable ABS plastic, allowing users to not only evaluate design concepts, but test 3D models for functionality, form and fit. As the first desktop 3D printer that sells for less than $30,000, Dimension incorporates many key features found in modeling systems that cost tens of thousands of dollars more. Dimension is located at 14950 Martin Drive, Eden Prairie, Minnesota 55344-2020 and

About Stratasys, Inc.

Stratasys, Inc. is in the three-dimensional solid imaging business as a manufacturer of rapid prototyping systems for automotive, aerospace, industrial, recreational, electronic, medical and consumer product OEMs. The Company's patented Fused Deposition Modeling (FDM(R)) rapid prototyping processes create precision 3-dimensional prototyping parts directly from 3D CAD systems. Stratasys holds more than 88 granted and pending patents worldwide focused on rapid prototyping. The Company is located at 14950 Martin Drive, Eden Prairie, Minnesota 55344-2020 and

This news release contains forward-looking statements that involve risks and uncertainties. Introduction of new products and materials are subject to timely completion of development and timely manufacture, and the success of new products is subject to their operation in the field as well as customer acceptance. Other risks are detailed from time to time in the Company's SEC Reports, including the report on Form 10-Q for June 2002 and Form 10-K for the year ended December 31, 2001.

CONTACT: Haberman & Associates, Minneapolis
             Brian Wachtler or Claudine Enger, 612/338-3900
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