Merrimack, NH, April 2, 2013 — Solidscape®, Inc., a Stratasys company and the leading manufacturer of high precision 3D printers for direct manufacturing applications, announced today that veteran sales executive Paul Maloney has joined the company as Vice President of Sales. Paul will be responsible for global field operations driving revenue as well as contributing to business strategy and marketing.
“Paul brings to Solidscape over 12 years of channel management experience in the 3D software industry. He understands our customer’s needs and has proven his passion for meeting those needs,” said Solidscape President Fabio Esposito. “Additionally, Paul has the leadership skills to take our partners and customers business to the next level.”
“I’m incredibly excited to be joining Solidscape as they continue to roll out the next generation of high precision 3D printers and materials,” said Paul. “It’s a great global team and my experience bringing new products to market will further accelerate Solidscape’s rapid growth in new markets like Dental and Education.”
Previously Paul had advanced through progressive sales leadership roles at SolidWorks Corporation, a division of Dassault Systèmes that offers easy-to-use 3D software tools enabling better, faster, and more cost-efficient design of products.
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About Solidscape®, Inc. Company:
Solidscape®, Inc., a wholly owned subsidiary of Stratasys, Inc. (NASDAQ: SSYS), is the leader in high precision 3D printers for direct manufacturing applications. Over the years, Solidscape has set the bar for the highest standards in surface finish, accuracy and material castability. Solidscape printers are marketed through a global network of distribution partners, and are used for casting fine jewelry, dental restorations, turbine blades, medical, orthopedics, consumer goods, electronics, toys and many other high precision products.
Forward Looking Statements
All statements herein that are not historical facts or that include such words as “expects,” “anticipates,” “projects,” “estimates,” “vision,” “could,” “potential,” “planning”, “intends”, “desires” or “believes” or similar words constitute forward-looking statements covered by the safe harbor protection of 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 statements regarding projected revenue and income in future quarters; the size of the 3D printing market; our objectives for the marketing and sale of our Dimension® and uPrint® 3D Printers; our WaveWash™ support removal system; and our Fortus® 3D Production Systems, particularly for use in direct digital manufacturing (DDM); the demand for our proprietary consumables; the expansion of our paid parts service; and our beliefs with respect to the growth in the demand for our products. Other risks and uncertainties that may affect our business include our ability to penetrate the 3D printing market; the success of our distribution agreement with HP; our ability to achieve the growth rates experienced in preceding quarters; our ability to introduce, produce and market consumable materials, and the market acceptance of these materials; the impact of competitive products and pricing; our timely development of new products and materials and market acceptance of those products and materials; the success of our recent R&D initiative to expand the DDM capabilities of our core FDM technology; and the success of our RedEyeOnDemandTM and other paid parts services. They also include statements about future financial and operating results of our company after the acquisition of Solidscape and anticipated benefits of the acquisition. Actual results may differ from those expressed or implied in our forward-looking statements. Such forward-looking statements involve and are subject to certain risks and uncertainties, which may cause our actual results to differ materially from those discussed in a forward-looking statement. Such risk factors include our ability to successfully integrate and market Solidscape products, our ability to retain Solidscape management and our ability to protect and defend Solidscape intellectual property. These statements represent beliefs and expectations only as of the date they were made. We may elect to update forward-looking statements, but we expressly disclaim any obligation to do so, even if our beliefs and expectations change. In addition to the statements described above, such forward-looking statements are subject to the risks and uncertainties described more fully in our current report on Form 8-K filed in connection with the completion of our acquisition of Solidscape and in our reports filed or to be filed with the Securities and Exchange Commission, including our annual reports on Form 10-K and quarterly reports on Form 10-Q.
About Stratasys®, Inc. Company:
Stratasys, Inc., Minneapolis, is a maker of additive manufacturing machines for prototyping and producing plastic parts. The company markets under the brands Dimension 3D Printers and Fortus Production 3D Printers. The company also operates RedEye On Demand, a digital manufacturing service for prototypes and production parts. In 2011 Stratasys acquired 3D printer maker, Solidscape, Inc. According to Wohlers Report 2011, Stratasys had a 41 percent market share in 2010, and has been the unit market leader for the ninth consecutive year. Stratasys patented and owns the Fused Deposition Modeling (FDM®) process. The process creates functional prototypes and manufactured goods directly from any 3D CAD program, using high-performance industrial thermoplastics. The company holds more than 285 granted or pending additive manufacturing patents globally. Stratasys products are used in the aerospace, defense, automotive, medical, business & industrial equipment, education, architecture, and consumer-product industries. Online at: www.Stratasys.com