Stratasys, Inc. (Nasdaq:SSYS) today announced it will
discontinue the sale of Eden products on January 1, 2007. Stratasys
intends to sell Eden products for the remainder of 2006, and will
conduct maintenance until August of 2007 on the systems it has
installed, ensuring a seamless transition for its customers. Objet
Geometries will assume full responsibility for Eden sales beginning in
2007. The Eden product line is currently distributed by Stratasys for
Objet Geometries, based in Israel.
"After evaluating our options to maintain the Eden product line
within our family of high-end productivity systems, we have concluded
that our best option is to discontinue the distribution of the product
line beginning in 2007," said Scott Crump, chairman and chief
executive officer of Stratasys. "This action is based on strategic and
financial considerations.
"Our intention is to provide a smooth transition for our
customers, but going forward, we will focus our efforts on the many
growth opportunities presented by our proprietary fused deposition
modeling technology. This will include new products targeting 3D
printing, traditional rapid prototyping, and the emerging market for
rapid manufacturing," Crump concluded.
Stratasys Inc., Minneapolis, manufactures office-based rapid
prototyping and manufacturing systems and 3D printers; and offers
rapid prototyping and manufacturing parts services. According to
Wohlers Report 2006, Stratasys supplied 34 percent of all systems
installed worldwide in 2005, making it the unit market leader, for the
fourth consecutive year. Stratasys patented the rapid prototyping
process known as fused deposition modeling (FDM). The process creates
functional models directly from any 3D CAD program using ABS plastic,
polycarbonate, and PPSF. The company holds 175 granted or pending
rapid prototyping patents globally. Stratasys products are used in the
aerospace, defense, automotive, medical, education, electronic, and
consumer product industries. The company's systems are also used for
rapid manufacturing and rapid tooling applications. Stratasys and FDM
are registered trademarks of Stratasys, Inc. Objet and PolyJet are
trademarks of Objet Geometries Ltd., and may be registered in certain
jurisdictions. For more information on the company, go to
www.Stratasys.com; www.RedEyeRPM.com; or www.DimensionPrinting.com..
Forward Looking Statement
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. Our belief that we have the largest part-building service
claim is based on the number of dedicated machines. 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 (TM)line, 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
PC-ABS 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 polyjet line and the
Arcam product line; the success of our recent R&D initiative to expand
the rapid manufacturing capabilities of our core FDM technology; the
success of our RedEyeRPM(TM) and other parts services; 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, 2005 and
10-Q filed throughout 2006.
This release is also available on the Stratasys Web site at
www.Stratasys.com.
