October 2, 2013
Stratasys 3D Printing Technologies Go Mainstream in Office Automation Solutions in China
- Appoints Aurora Automation as “Idea Series” Master Distributor in China
- Helps Streamline Concept Modeling and Design Validation Processes
Shanghai, China, October 2, 2013 – Stratasys Asia Pacific, a subsidiary of Stratasys Ltd. (NASDAQ: SSYS), a manufacturer of 3D printers and materials for personal use, prototyping and production, is proud to announce that Stratasys 3D printing technologies have gone mainstream and entered the office automation solution offerings in China, helping more businesses to streamline concept modeling and design validation processes. To support the increasing opportunities in this area, Stratasys has appointed Shanghai Aurora Office Automation, a subsidiary of The Aurora Group, one of China’s largest electronics and office supply retailers, as the master distributor for its entry-level “Idea Series” of 3D printers in China.
The partnership will focus on the sale and provision of local support and services for Stratasys’ entry-level 3D printer series, the “Idea Series,” which includes Mojo, uPrint SE and uPrint SE Plus. It illustrates the growing demand of entry-level 3D printers in the region and demonstrates Stratasys’ commitment to service excellence. Commencing on January 1st, 2014, Aurora will be responsible for handling all fulfillment of the “Idea Series”, providing aftersales service inclusive of materials and parts to customers in China.
“China is one of the fastest growing markets in the Asia Pacific region. The demand for 3D printing has been strong. The Chinese government’s plan to promote 3D printing technologies to boost its manufacturing power and drive high value-adding manufacturing effort has helped increase industry and general awareness in the value of 3D printing,” said Jonathan Jaglom, General Manager of Asia Pacific & Japan from Stratasys AP. “As 3D printing goes mainstream, we have adopted the strategy to make our technology more assessable to customers. Leveraging the vast network of the Aurora Group is our big step.”
Stratasys Ltd. (NASDAQ:SSYS), headquartered in Minneapolis, Minn. and Rehovot, Israel, manufactures 3D printers and materials for prototyping and production. The company's patented FDM® and PolyJet® processes produce prototypes and manufactured goods directly from 3D CAD files or other 3D content. Systems include 3D printers for idea development, prototyping and direct digital manufacturing. Stratasys subsidiaries include MakerBot and Solidscape and the company operates the RedEye On Demand digital-manufacturing service. Stratasys has more than 1,500 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.
About Shanghai Aurora Office Automation
For more info, please visit http://www.aurora-oa.com.
Cautionary Statement Regarding Forward-Looking Statements
Statements regarding Stratasys' beliefs, intentions and expectations, including without limitation statements regarding the development and performance of our products, estimations regarding the adoption rate of our products and 3D printing technologies in general, are forward-looking statements (within the meaning of the United States federal securities laws). 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' RedEye On DemandTM and other paid parts services. This list is intended to identify only certain of the principal factors that could cause actual results to differ. These and other applicable factors are discussed in this presentation and in Stratasys' Annual Report on Form 20-F for the year ended December 31, 2012, as well as other filings that Stratasys, Inc. has made with the SEC and that Stratasys Ltd. has made and will make with the SEC in the future. Any forward-looking statements included in this presentation are as of the date they are given, and Stratasys is not obligated to update them if its views later change, or to reflect the occurrence of unanticipated events, 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.