Renault Formula 1 Team and 3D Systems Establish First Formula 1 Advanced Digital Manufacturing Center
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VALENCIA, Calif.--Aug. 28, 2002--3D Systems Corp. today announced the partnership and establishment of an Advanced Digital Manufacturing(SM) (ADM) Center in conjunction with the Renault F1 Team in Enstone, England. Under the terms of the partnership agreement, 3D Systems and the Renault F1 Team have established an ADM Center specifically concentrated on Formula 1 design and low-run production parts for the Renault F1 Team car.
"The Advanced Digital Manufacturing Center is the next logical step in our Technology Partnership with the Renault F1 Team. We have had a partnership with the Renault F1 Team since 2000 and have been impressed with the integration of our solid imaging systems into their design and manufacturing processes. The establishment of the 3D Systems Advanced Digital Manufacturing Center at the Renault F1 Team is a committed effort by both companies to continue the extraordinary work done in the wind tunnel but also in the development of parts used directly on the car during testing or a race," said Mike Kelly, European Director Sales and Marketing. Further to this, Mike Gascoyne commented, "The ADM Center will allow the Renault F1 Team to fully utilize our expertise in new car design, testing and production."
"We began our relationship with 3D Systems in 1998, producing SL parts from an SLA(R) 5000 system for wind tunnel testing. Starting with one SLA system, we quickly began to utilize it to produce rapid iterations of designs for wind tunnel testing while exploring new and inventive designs typically not easily produced by traditional methods," said Technical Director, Renault F1 Team UK, Mike Gascoyne.
"Our utilization of the first SLA system exceeded its capacity and in 2000, 3D Systems and the Renault F1 Team entered into a Technical Partnership with the acquisition of two additional SLA 7000 systems. The new ADM Center at the Renault F1 Team, with its additional SLA systems, OptoForm system and solid object printer capacity, will allow us to develop and surpass any design concepts and part production that we had previously envisioned. This is a step forward for the Formula 1 industry," continued Gascoyne.
In addition to the two SLA 7000 systems, the ADM Center will receive two additional SLA 7000 systems and an OptoForm system in September with full commissioning of the new facility expected by December 2002. When fully operational the center will be furnished with four high-end SLA 7000 systems, an OptoForm paste system and a ThermoJet(R) printer. Future additions to the ADM Center will include 3D Systems SLS(R) (selective laser sintering) systems technology.
About 3D Systems
Founded in 1986, 3D Systems, the solid imaging company, provides solid imaging products and solutions to reduce the time and cost of designing products and facilitate direct and indirect manufacturing. Its systems utilize patented technologies to create physical objects from digital input used for design communication, prototyping and functional end-use parts.
3D Systems currently offers the ThermoJet(R) solid object printer, SLA(R) (stereolithography), SLS(R) (selective laser sintering) systems, and Accura(TM) materials (includes: photopolymers, metals, nylons, engineering plastics, and thermoplastics).
Product pricing in the U.S. ranges from $49,995, for the ThermoJet printer, to $799,000 for the high-end SLA 7000 system. 3D Systems multiple platform product line enables companies to choose the most appropriate systems for applications ranging from the creation of design communication models to prototypes to production parts. More information on the company is available at www.3dsystems.com, or by phoning 888/337-9786, extension 811, or 661/295-5600 internationally. An investor packet can be obtained by calling 800/757-1799.
3D Systems is the originator of the ADM (Advanced Digital Manufacturing) solution for manufacturing applications. ADM is the utilization of 3D Systems solid imaging technologies to accelerate production of smaller volumes of customized/specialized parts. A typical ADM center is expected to contain multiple 3D Systems SLA, MJM and/or SLS systems dedicated to full time manufacturing applications.
About the Renault F1 Team
July 2002 marked the 25th anniversary of Renault competing in the modern area of motorsports. In two years of their entry at World Championship, Renault had already established themselves as a race-winning competitor. Through the 1990s Renault was the most successful manufacturing in Formula 1, achieving six world championship titles as a partner with both Williams and Benetton Racing Teams. This year marks their return as a one hundred percent Renault racing organization and currently lies forth in the Constructors World Championship. Renault F1 past success suggests that they will achieve their ambition of winning the world championship within the next 3 years.
The philosophy for Renault's involvement in Formula 1 is not just about building brand awareness but it also enables a filter down of technology to their road car products.
The Renault F1 Team is a wholly owned division of Renault headquartered in Paris, France.
Note to editors: Advanced Digital Manufacturing and the solid imaging company are service marks, si2 and Accura are trademarks; and ThermoJet, SLA, SLS and the 3D logo are registered trademarks of 3D Systems Inc.
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: the funding of amounts of capital adequate to provide for the working capital needs of the company; actions of competitors and customers; the company's ability to successfully design and produce new products, customer acceptance of new products; the company's ability to enter into successful relationships with new customers to fully exploit its products, and such other factors as are described in the company's filings with the Securities and Exchange Commission. The company does not undertake to update any forward-looking statements.
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