3D Systems expects Rapidform to contribute $15 million of revenue and deliver between $0.06 and $0.09 in earnings per share to its 2013 non-GAAP results.
“This is a game-changer for our customers and shareholders, and is well-aligned with our strategic plan,” said Abe Reichental, President and CEO of 3D Systems. “We are thrilled to welcome Calvin Hur and his team to our company and we expect that the integration of the Rapidform proprietary products with 3D Systems’ extensive portfolio will result in accelerated growth within the rapidly expanding 3D content-to-print space.”
“I am very pleased and honored to become part of 3D Systems, a world class leader and innovator,” said Calvin Hur, CEO of Rapidform. “Joining 3D Systems provides us with the scale, resources and strategic platform to realize our vision of democratizing the scan-to-CAD workflow for the benefit of designers and engineers.”
With the addition of Rapidform, 3D Systems has secured a cornerstone of its fifth growth initiative: to create a seamless, digital scan, design and print platform for the benefit of its customers. This important growth initiative is consistent with the company’s overall drive to democratize and deliver integrated 3D content-to-print solutions. Rapidform broadens 3D Systems’ range of capabilities with complementary products and technology, and extends its coverage and breadth globally with a significant foothold in South Korea and Japan.
About 3D Systems Corporation
3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. The company also provides CAD software and plugins, and affordable consumer create-and-make printers, apps and services. Its expertly integrated solutions replace and complement traditional methods and reduce the time and cost of designing new products by printing real parts directly from digital input. These solutions are used to rapidly design, create, communicate, prototype or produce real parts, empowering customers to create and make with confidence.
More information on the company is available at www.3DSystems.com.
Rapidform products help companies unlock the power of 3D scanning. The company’s software solutions are among the most widely installed products around the globe for reverse engineering, 3D imaging and inspection using 3D scan data. Rapidform makes 3D scanning an extremely powerful tool for a variety of applications and is used in fields such as manufacturing, R&D, quality inspection, medical research and civil engineering. Leading companies including Audi, Ford, Hyundai, Toyota, Rolls Royce, Volkswagen, Hitachi, Panasonic, Oakley, Samsung, Sony, Alcoa, and Bentley use Rapidform’s advanced technology to innovate throughout their research, design, manufacturing and quality control processes.
To experience the entire range of Rapidform 3D scan-to-CAD products and services, please visit www.rapidform.com.