MINNEAPOLIS and REHOVOT, Israel, Jan. 22, 2013 /PRNewswire/ -- Stratasys Ltd. (NASDAQ: SSYS), a leading manufacturer of 3D printers and production systems for prototyping and manufacturing, today announced that Compass3D, a leading provider of 3D Digital Solutions has begun offering Stratasys 3D Printing Solutions in Brazil. Both companies will exhibit together for the first time at the CIOSP 2013 Dentistry Congress & Exhibition that will be held from January 31st through February 3rd in Sao Paulo, Brazil (booth number 3179A).
Bruno Frazao Gribel, CEO of Compass3D remarked, "3D Printing is becoming increasingly important in today's dental world. The Objet Eden 3D Printers from Stratasys can be used in conjunction with dental, orthodontics and guided implant products as an all-in solution, leading to increased case success. The sales trend in the dental market indicates increasing demand. We believe that such significant growth is being stimulated by the technological innovation of new products and by the results attained in previous years."
"Brazil has a rapidly growing dental market, and the digital dentistry market will match that growth as new dental practices purchase the latest systems and equipment," said Avi Cohen, Director of Global Dental at Stratasys. "We are excited to partner with Compass3D, one of the most innovative, growing companies in the dental market in Brazil, to offer the Objet 3D Printing platform for additive manufacturing and our advanced medically approved materials," Cohen concludes.
To learn more about Stratasys's digital dentistry solutions and watch customer videos presenting the impact of digital dentistry to their business, please visit www.ObjetDental.com.
Compass3D is the result of a legacy of passion and pioneering spirit that was passed from father to son since the early 70s. As a student of dentistry, Mark Gribel imported in 1976, with the support of his father, the first dental radiography device in Minas Gerais. Working within his father's office, Joseph of Arimathea Gribel, one of the first orthodontists in the country, he rendered services to dentists in the state capital. With courses in Germany, Spain and the United States, achieved thanks to the contacts of Dr. Joseph of Arimathea, Mark soon began to provide services not only for cephalometry in Belo Horizonte, but for the entire state of Minas Gerais.
With the arrival of the 1980s, Mark discovered the personal computer and saw the new technology as a way to streamline his work. He developed a program to make the necessary calculations for cephalometry, and never stopped. As the technology progressed, its software was upgraded to the newest platforms. His son, Bruno Gribel also trained in dentistry and passionate about technology, transported all the work for his father's 3D technology, which enabled the creation of a virtual model of the face in high precision, revolutionizing the world of orthodontic treatment, implants and surgeries. The fusion of technology with technical dental knowledge resulted in the Compass being recognized as synonymous with excellence in the areas of diagnosis, planning and prototyping in various specializations of dentistry.
About Stratasys Ltd.
Stratasys Ltd. (Nasdaq: SSYS) is the corporate entity formed in 2012 by the merger of 3D printing companies Stratasys Inc. and Objet Ltd., based in Minneapolis, Minn. and Rehovot, Israel. The company manufactures 3D printers and materials for prototyping and production. Prior to merging, the two companies' revenues totaled $277 million for 2011. Its patented FDM® and Inkjet-based processes produce prototypes or manufactured goods directly from 3D CAD files or other 3D content. Systems include affordable desktop 3D printers for idea development, a range of systems for prototyping, and large production systems for direct digital manufacturing. Since June 2012, the company's range of over 130 3D printing materials is the widest in the industry and includes in excess of 120 proprietary inkjet-based photopolymer materials and 10 proprietary FDM-based thermoplastic materials. Stratasys also manufactures Solidscape 3D Printers and operates the RedEye On Demand digital-manufacturing service. The company has over 1100 employees, holds over 500 granted or pending additive manufacturing patents globally, and has received more than 20 awards for its technology and leadership. Online at: www.stratasys.com or http://blog.stratasys.com / www.objet.com or http://blog.objet.com.
Cautionary Statement Regarding Forward-Looking Statements
Statements regarding Stratasys' beliefs, intentions and expectations, including statements regarding the management of Stratasys, Inc. and Objet Ltd. as a combined company, the benefits of the combination of the companies, and the future financial performance of the combined company after their merger, are forward-looking statements. The statements involve risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those projected. Actual results may differ materially due to a number of factors, including the risk and uncertainty that the businesses of the two companies may not be integrated successfully; the risk that the merger may involve unexpected costs or unexpected liabilities; the risk that synergies from the merger may not be fully realized or may take longer to realize than expected; the risk that management's focus on and disruptions arising from the merger make it more difficult to maintain relationships with customers, employees, or suppliers. Stratasys' ability to achieve the results presented in any forward-looking statement will depend on numerous factors, including its ability to penetrate the 3D printing market; its ability to achieve the growth rates experienced in preceding quarters; its ability to introduce, produce and market both existing and new consumable materials, and the market acceptance of these materials; the impact of competitive products and pricing; its timely development of new products and materials and market acceptance of those products and materials; the success of Stratasys' recent R&D initiative to expand the DDM capabilities of its core FDM technology; and the success of Stratasys' RedEyeOn DemandTM and other paid parts services. These and other applicable factors are discussed in this presentation and in Stratasys' filings with the Securities and Exchange Commission. These filings include the definitive proxy statement/prospectus filed with the SEC on August 8, 2012, as well as the filings that Stratasys, Inc. has made with the SEC and that Stratasys Ltd. has made and will make with the SEC in the future, including its report on Form 20-F to be filed for the year ended 12/31/2012. Any forward-looking statements included in this presentation are as of the date they are given, and Stratasys does not intend to update them if its views later change, except as may be required by law. These forward-looking statements should not be relied upon as representing Stratasys' views as of any date subsequent to the date they are given.
Stratasys Media Contacts
Kristen Pittenger WeberShandwick Tel. +1- 952-346-6148
Arita Mattsoff / Joe Hiemenz
Tel. +972-(0)74-745-4000 (IL)
Tel. +1-952-906-2726 (US)
The Hoffman Agency Korea
Tel. +81 90 6473 1812
Objet AP Ltd
Tel. +852 3844 8813
SOURCE Stratasys Ltd.