Automated Service Can Handle High Volume of Parts Made from Production-Grade Plastics
MINNEAPOLIS—(BUSINESS WIRE)—Oct. 17, 2005— Stratasys, Inc. (Nasdaq: SSYS) today announced the launch of RedEye RPM,(TM) the world's largest rapid prototype and part building service. Stratasys CEO, Scott Crump, will also introduce the initiative at 4 p.m. today while presiding over the NASDAQ market closing ceremony in New York City.RedEyeRPM.com is an online extension of Stratasys' existing BuildFDM service, which builds prototypes and parts using the FDM process for customers in North America. RedEye augments this existing service by allowing automated, instant quoting and ordering around the clock, seven days a week.
RedEye employs a proprietary, secure quoting-and-ordering engine. It preserves user confidentiality by analyzing design-file data without uploading it. Users are assured that neither the web engine nor RedEye personnel will view their design file until the quote is accepted or saved.
Site visitors receive an automated price quote in about 30 seconds. They need only to log-in, browse to select their file, and choose a build material. When an order is placed, RedEye provides quick turnaround for either a single part or high volumes, with most customers receiving their order in 3 to 5 days.
RedEye produces functional and accurate parts. Users select from various production-grade plastics to produce parts that are durable enough for functional testing. An accurate building process ensures that part tolerance rivals any competitive process.
"Prior to using RedEye, prototypes ordered from other sources had limitations in strength and flexibility," says beta customer Rick Gilpatrick, engineering manager, Cleaning Systems, Briggs & Stratton Power Products. "Now we get durable prototypes made from the same plastics we use in production."
"Stratasys is offering unparalleled FDM capacity," says industry consultant Terry Wohlers, president of Wohlers Associates, Incorporated. "I was impressed that the company had produced 60,000 parts for customers over the past three years and now has over 60 machines dedicated to its operation. With this initiative, Stratasys is targeting a services sector estimated at $213 million."
"We've become an extension of many of our customers' in-house production capabilities as well as a fulfillment partner for many service bureaus," says RedEye director of RPM services Eric Lindberg. "We will be introducing an offer to partner with existing service bureaus to allow them to bid on larger FDM jobs than they otherwise could. There is a growing need for a trusted source that can handle part development and production needs -- no matter the volume, and RedEye has the ability to deliver."
To try the RedEye automated quoting process, go to www.RedEyeRPM.com. For more information, contact sales@RedEyeRPM.com or 866-882-6934 (International: 1-952-906-2725).
Stratasys Inc., Minneapolis, manufactures rapid prototyping systems and 3D printers for use by OEMs such as aerospace, automotive, defense, medical, and consumer product makers. In 2004 the company installed 36 percent of all such systems sold worldwide, making it the unit market leader again, according to Wohlers Report 2005. Stratasys patented the rapid prototyping process known as fused deposition modeling (FDM(R)). The process creates functional models directly from any 3D CAD program using ABS plastic, polycarbonate, PPSF or other materials. The company holds 175 granted or pending prototyping patents. Stratasys systems are also used for rapid production and rapid tooling. On the Web: www.Stratasys.com. RedEye is at: www.RedEyeRPM.com,
Largest part-building service claim is based on number of dedicated machines.
All statements herein that are not historical facts or that include such words as "expects", "anticipates", "projects", "estimates" or "believes" or similar words are forward-looking statements that we deem to be covered by and to qualify for the safe harbor protection covered by the Private Securities Litigation Reform Act of 1995. Except for the historical information herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties; these include the continued market acceptance and growth of our Dimension BST(TM), Dimension SST(TM), Prodigy Plus, FDM Maxum(TM), FDM Vantage(TM), and Titan(TM) product lines; the size of the 3D printing market; our ability to penetrate the 3D printing market; our ability to maintain the growth rates experienced in this and preceding quarters; our ability to introduce and market new materials such as polyphenylsulfone and the market acceptance of this and other materials; the impact of competitive products and pricing; the timely development and acceptance of new products and materials; our ability to effectively and profitably market and distribute the Eden line; and the other risks detailed from time to time in our SEC Reports, including the annual report on Form 10-K for the year ended December 31, 2004 and the quarterly reports on Form 10-Q filed throughout 2005.
RedEye and BuildFDM are trademarks of, and FDM is a registered trademark of, Stratasys, Inc.
Attention Editors: If you wish to publish reader-contact information, please use: sales@RedEyeRPM.com, www.RedEyeRPM.com, 866-882-6934. International: 1-952-906-2725
Contact:
Stratasys, Inc., Minneapolis Editorial Contact: Joe Hiemenz, 952-906-2726 Email Contact Investor Contact: Shane Glenn, 952-294-3416 Email Contact