Stratasys Announces Increase to $2M in Continued Stock Buy Back
MINNEAPOLIS--March 1, 2002--Stratasys, Inc. today announced that it will increase its program to buy back its common stock up to $2 million from $1 million, which the Company announced in February 2002. This announcement supersedes all previously announced stock buy back programs.Stratasys, Inc. is in the three dimensional solid imaging business as a Manufacturer of rapid prototyping systems for automotive, aerospace, industrial, recreational, electronic, medical and consumer products OEM's. The Company's patented Fused Deposition Modeling (FDM) rapid prototyping processes create precision 3-dimensional plastic and wax prototyping parts directly from 3-D CAD systems. The Company is located at 14950 Martin Drive, Eden Prairie, Minnesota 55344-2020 and www.stratasys.com.
Except for the historical information herein the matters discussed in this news release are forward-looking statements that involve risks and uncertainties, including the timely development and acceptance of new products, the impact of competitive products and pricing, and the other risks detailed from time to time in the Company's SEC Reports, including the report on Form 10-Q for the quarter ended September 30, 2001, and Form 10-K for the year ended December 31, 2000.
This release is also available on the Stratasys website at www.stratasys.com