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(TM)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(TM)Desktop Modeler, this summer.
The V-Flash(TM)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(TM)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(TM)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(TM)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(TM)Desktop Modeler will be available in the summer of 2007 in the United States. More information on this revolutionary new model-maker is available atwww.modelin3d.com.
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:
More information on the company is available atwww.3dsystems.com.
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.