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3D Systems Selects Canon to Manufacture V-Flash™ 3-D Desktop Modeling System
ROCK HILL, S.C., 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™ 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™ Desktop Modeler, this summer.
The V-Flash™ 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™ 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™ 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™ Desktop Modeler is expected to be the most
economical machine of its kind at $9,900, making it affordable for businesses,
hobbyists and educational institutions.
The V-Flash™ 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.
Forward-Looking Statements
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 forward-looking statements.
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.
™ - all referenced products names and other marks are
trademarks of their respective owners
PDF version of press release (134 Kb)
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