Expands footprint of Quickparts on-demand manufacturing services platform to drive accelerated adoption of 3DS' comprehensive design-to-manufacturing solutions•
Provides 3DS with significant advanced manufacturing service bureau capabilities, knowhow and strong regional customer relationships•
Transaction expected to be immediately accretive to cash generation and contribute to non-GAAP earnings per share within the first 12 months
"Laser Reproductions has a wealth of experience and bench strength that is highly complementary to our Quickparts offering," said
The company welcomes the entire Laser Reproductions team under the continued leadership of
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 or projections expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such 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 future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company, including whether the acquisition of Laser Reproductions will be immediately accretive to cash generation or contribute to non-GAAP earnings per share. The factors described under the headings "Forward-Looking Statements," "Cautionary Statements and Risk Factors," and "Risk Factors" in the company's periodic filings with the
Leadership Through Innovation and Technology
• 3DS invented 3D printing with its Stereolithography (SLA) printer and was the first to commercialize it in 1989.• 3DS invented Selective Laser Sintering (SLS) printing and was the first to commercialize it in 1992.• 3DS invented the Color-Jet-Printing (CJP) class of 3D printers and was the first to commercialize 3D powder-based systems in 1994.• 3DS invented Multi-Jet-Printing (MJP) printers and was the first to commercialize it in 1996.• 3DS Medical Modeling pioneered virtual surgical planning (VSP) and its services are world-leading, helping many thousands of patients on an annual basis.
Today its comprehensive range of 3D printers is the industry's benchmark for production-grade manufacturing in aerospace, automotive, patient specific medical device and a variety of consumer, electronic and fashion accessories.
More information on the company is available at www.3DSystems.com.
About Laser Reproductions
Laser Reproductions is a leading provider of rapid prototyping, manufacturing, product development and stereolithography services to industrial design firms, original equipment manufacturers, inventors and architects.
By combining today's leading processes, a vast production capacity and deep expertise in design engineering, they deliver innovative solutions that rapidly bring ideas to life.
Laser Reproductions' full-service capabilities include today's leading Rapid Prototyping processes and Tooling and Manufacturing services.
With corporate headquarters located in
More information is available on the company at www.laserrepro.com.