3D Systems Comments on Recent Market Activity
Rock Hill, South Carolina, Dec. 19, 2007 - 3D Systems Corporation (NASDAQ: TDSC), a leading provider of 3-D Modeling, Rapid Prototyping and Manufacturing solutions, said today, in response to questions that it has received from several investors, that it is not aware of any corporate developments that would account for the recent decline in its stock price. "We believe that the recent decline in our stock price has resulted from the general decline that many companies have experienced in the current stock market environment," commented Abe Reichental, 3D Systems' president and chief executive officer.
"While it is not our policy to comment on rumors circulating in the marketplace, we have also received questions from investors and seen comments from analysts relating to the timing of the introduction of our V-Flash(TM) desktop modeler," continued Reichental. "As we have said before, we view the V-Flash(TM) desktop modeler as an upside opportunity for the company, but not one that is in any way material to its performance in the fourth quarter of 2007 or critical to its overall success in future periods or to its expansion into rapid manufacturing applications.
"During the fourth quarter, we decided to slow the commercialization of our V-Flash(TM) modelers in order to take advantage of and to incorporate additional product and performance enhancements into them prior to their introduction. We expect to continue the introduction of our V-Flash(TM) HA hearing aid manufacturing system without any delays and to resume general purpose V-Flash(TM) unit placements during the first quarter of 2008," continued Reichental.
"As we have said all along, properly and responsibly launched, we expect our V-Flash(TM) desktop modelers to generate upside revenue and profitability for the company in periods following their introduction. To enhance the prospects of delivering on that upside potential, we are proceeding cautiously and deliberately in order to reduce the possibility of any unintended negative consequences," continued Reichental.
"We currently expect that our V-Flash(TM) desktop modelers will become generally available during the latter part of the first quarter of 2008, and we continue to believe that V-Flash(TM) products would not, in any event, significantly contribute to our operating results in 2008, bearing in mind that at their previously announced prices every 100 units sold will equate to less than $1 million of revenue. As V-Flash(TM) placements grow on an annual basis, we expect them to contribute and be accretive to our recurring revenue strategy," concluded Reichental.
About 3D Systems
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: Transform your products.
More information on the company is available at www.3dsystems.com, or via e-mail at moreinfo@3dsystems.com.
Contact:
Katharina Hayes
(803) 326-3941
HayesK@3dsystems.com
