Raindrop Geomagic Wins N.C. Fast 50 Award

RESEARCH TRIANGLE PARK, N.C., August 6, 2003 – Raindrop Geomagic has been selected as a 2003 North Carolina Fast 50 winner by Deloitte & Touche.

The Fast 50 awards honor the state's fastest-growing technology companies based on revenues from 1998 though 2002. The winners will be honored at a September 17 luncheon in Raleigh, N.C.

Founded in 1996, Raindrop Geomagic creates products that enable designers and engineers to capture scan data from physical parts and create highly accurate digital models. The company's products provide the software power for applications such as mass customization, reverse engineering and computer-aided inspection. Over the last five years, Raindrop Geomagic's revenues have grown by 935 percent.

"We've prospered during one of the worst economic periods in this country's history," says Willis Lumpkin, Raindrop Geomagic's vice president and CFO. "We attribute our growth to a unique combination of innovative products, loyal customers, sound fiscal management, and most of all, incredible employees."

Raindrop Geomagic's software is used by manufacturers worldwide – including Toyota, Harley-Davidson, Fisher-Price, Align and hundreds of others – for customizing products, automating processes, and increasing throughput.

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Media contacts:                

Bob Cramblitt, Jill Aitoro        
Cramblitt & Company
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tel. 919-481-4599



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