3D Systems and European Minardi F1 Form Alliance
VALENCIA, Calif. & FAENZA, Italy--Oct. 8, 2001-- 3D Systems Corp. and racing team European Minardi F1 today announced they have entered into an alliance that will see the team using 3D Systems' stereolithography and, in the future, selective laser sintering technologies to assist with wind tunnel modeling, rapid prototyping and the production of vehicle componentry.European Minardi F1 will integrate the solid imaging technology into its Computational Fluid Dynamics (CFD) software and rapid modeling for the wind tunnel, which will dramatically reduce the production time of a range of components and significantly improve data security.
The team has acquired an SLA(R) 7000 machine from 3D Systems, which can produce components that meet strict requirements for part resolution and functionality.
The alliance includes a full technical support package in which a 3D Systems engineering team will work on-site with the team's technical staff, under Technical Director Gabriele Tredozi and the Research and Development team, headed by Dr. John Davis, based at Ledbury, UK.
"We're delighted to launch this alliance with European Minardi F1," said John Murray, 3D Systems' senior director of business development for motorsports. "Strategically, it represents European Minardi's commitment to closing the technical gap to its rivals. By using our technology, the team can take a process that formerly required weeks to complete and reduce it to days.
"We look forward to our engineers arriving on-site so they can begin to assist the team with ramping up its competitiveness. We expect many exciting innovations to emerge from this cooperative venture," Murray said. "Our involvement with racing teams worldwide has made a strong impact on our business overall. It's an area in which we are continuing to expand aggressively."
European Minardi F1 Team Principal Paul Stoddart said: "We are constantly looking for technologies and systems that will provide us with a quantum leap rather than an incremental improvement in our performance in order to close the gap to our rivals on the grid as rapidly as possible. We believe this alliance with 3D Systems, in terms of both the technology and the support package being provided, will greatly assist the team in its quest to do just that."
European Minardi F1 will display 3D Systems' logo on cars driven by Fernando Alonso and Alex Yoong -- a first for 3D Systems in Formula One racing. Besides its headquarters in California, 3D Systems maintains offices in the United Kingdom, Germany, France, Italy, Spain, Hong Kong and Japan.
About 3D Systems
Founded in 1986, 3D Systems provides solid imaging products and solutions that help reduce the time and cost of designing products and facilitate direct and indirect manufacturing. Its systems utilize patented technologies that create physical objects from digital input.
3D Systems currently offers the ThermoJet(R) solid object printer, SLA(R) systems (stereolithography) and SLS(R) systems (selective laser sintering), as well as related software and materials. Product pricing in the U.S. ranges from $49,995 for the ThermoJet printer, to $799,000 for the high-end SLA 7000 system. The company licenses the complementary 3D Keltool(R) process, a method for producing steel mold inserts, and currently is developing systems that use composite paste materials for direct manufacturing. In August, 3D Systems merged with DTM Corp.
More information on the company is available at www.3dsystems.com, or by phoning 888/337-9786, extension 794, or 661/295-5600 internationally. An investor packet can be obtained by calling 800/757-1799.
Note to editors: ThermoJet, SLA, SLS, Keltool and the 3D logo are registered trademarks of 3D Systems.
Certain statements in this news release may include forward-looking statements that express the expectation, prediction, belief or projection of 3D Systems. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and achievement of 3D Systems to be materially and adversely different from any future results, performance or achievement expressed or implied by these forward-looking statements. Factors that may cause actual results to differ from the forward-looking statements contained in this release and that may affect the company's prospects in general include, but are not limited to: worldwide economic conditions; actions of competitors; and such other factors as are described in the companies' filings with the Securities and Exchange Commission, including annual reports on Form 10-K for the year ended Dec. 31, 2000, quarterly reports on Form 10-Q for the quarters ended March 31 and June 30, 2001, and 3D Systems' current reports on Form 8-K filed on April 6, April 10, and Sept. 4, 2001.