RE: [rp-ml] Stratasys to stop selling/servicing Objet Edens

From: <>
Date: Thu Aug 03 2006 - 17:25:15 EEST

Is the strife between Israel and Lebanon affecting any of the Objet production of systems or supplies?

What is the reliability record of the Objet machines sold by Stratasys?


 --- On Wed 08/02, Scott Tilton < > wrote:
From: Scott Tilton [mailto:]
Date: Wed, 2 Aug 2006 15:55:37 -0400
Subject: RE: [rp-ml] Stratasys to stop selling/servicing Objet Edens

I'm surprised since just the other day we got a fancy marketing package<br>from Stratasys for the Eden line of stuff.<br><br>Anyone else get the package with the title "Makes other 3D Technologies<br>seem so Jurassic"<br><br>Guess they better get their return on investment for that little package<br>pretty quickly.<br><br><br><br>Scott Tilton<br><br><br>> -----Original Message-----<br>> From: [] On<br>Behalf<br>> Of Mitchell, Doug (D.B.)<br>> Sent: Wednesday, August 02, 2006 6:43 AM<br>> To:<br>> Subject: [rp-ml] Stratasys to stop selling/servicing Objet Edens<br>> <br>> I know this only affects the North American market, but is anyone<br>> else surprised to hear this? Really puts a crimp in my plans.<br>> <br>><br>------------------------------------------------------------------------<br>> -------------<br>> Stratasys Transitioning Out Of Eden Product Distribution Next Year<br>> <br>>
MINNEAPOLIS-(BUSINESS WIRE)-Aug. 1, 2006- Stratasys, Inc.<br>(Nasdaq:SSYS)<br>> today announced<br>> it will discontinue the sale of Eden products on January 1, 2007.<br>> Stratasys intends to sell Eden products for the remainder of 2006, and<br>> will conduct maintenance until August of 2007 on the systems it has<br>> installed, ensuring a seamless transition for its customers. Objet<br>> Geometries will assume full responsibility for Eden sales beginning in<br>> 2007. The Eden product line is currently distributed by Stratasys for<br>> Objet Geometries, based in Israel.<br>> <br>> "After evaluating our options to maintain the Eden product line within<br>> our family of high-end productivity systems, we have concluded that<br>our<br>> best option is to discontinue the distribution of the product line<br>> beginning in 2007," said Scott Crump, chairman and chief executive<br>> officer of Stratasys. "This action is based on strategic and financial<br>> considerations."<br>>
<br>> "Our intention is to provide a smooth transition for our customers,<br>but<br>> going forward, we will focus our efforts on the many growth<br>> opportunities presented by our proprietary fused deposition modeling<br>> technology. This will include new products targeting 3D printing,<br>> traditional rapid prototyping, and the emerging market for rapid<br>> manufacturing," Crump concluded.<br>> <br>> Stratasys Inc., Minneapolis, manufactures office-based rapid<br>prototyping<br>> and manufacturing systems and 3D printers; and offers rapid<br>prototyping<br>> and manufacturing parts services. According to Wohlers Report 2006,<br>> Stratasys supplied 34 percent of all systems installed worldwide in<br>> 2005, making it the unit market leader, for the fourth consecutive<br>year.<br>> Stratasys patented the rapid prototyping process known as fused<br>> deposition modeling (FDM). The process creates functional models<br>> directly from any 3D CAD program using ABS plastic,
polycarbonate, and<br>> PPSF. The company holds 175 granted or pending rapid prototyping<br>patents<br>> globally. Stratasys products are used in the aerospace, defense,<br>> automotive, medical, education, electronic, and consumer product<br>> industries. The company's systems are also used for rapid<br>manufacturing<br>> and rapid tooling applications. Stratasys and FDM are registered<br>> trademarks of Stratasys, Inc. Objet and PolyJet are trademarks of<br>Objet<br>> Geometries Ltd., and may be registered in certain jurisdictions. For<br>> more information on the company, go to;<br>>; or<br>> <br>> Forward Looking Statement<br>> <br>> All statements herein that are not historical facts or that include<br>such<br>> words as "expects", "anticipates", "projects", "estimates" or<br>"believes"<br>> or similar words are forward-looking statements that we deem to be<br>> covered by and to qualify for the safe harbor
protection covered by<br>the<br>> Private Securities Litigation Reform Act of 1995. Our belief that we<br>> have the largest part-building service claim is based on the number of<br>> dedicated machines. Except for the historical information herein, the<br>> matters discussed in this news release are forward-looking statements<br>> that involve risks and uncertainties; these include the continued<br>market<br>> acceptance and growth of our Dimension(TM) line, Prodigy Plus, FDM<br>> Maxum(TM), FDM Vantage(TM), and Titan(TM) product lines; the size of<br>the<br>> 3D printing market; our ability to penetrate the 3D printing market;<br>our<br>> ability to maintain the growth rates experienced in this and preceding<br>> quarters; our ability to introduce and market new materials such as<br>> PC-ABS and the market acceptance of this and other materials; the<br>impact<br>> of competitive products and pricing; the timely development and<br>> acceptance of new products and materials;
our ability to effectively<br>and<br>> profitably market and distribute the Eden polyjet line and the Arcam<br>> product line; the success of our recent R&D initiative to expand the<br>> rapid manufacturing capabilities of our core FDM technology; the<br>success<br>> of our RedEyeRPM(TM) and other parts services; and the other risks<br>> detailed from time to time in our SEC Reports, including the annual<br>> report on Form 10-K for the year ended December 31, 2005 and 10-Q<br>filed<br>> throughout 2006.<br>> <br>> This release is also available on the Stratasys Web site at<br>><br>> <br>> <br>> --<br>> Doug Mitchell<br>> Ford Motor Company Design<br>> Components & Scheduling Dept.<br>><br>> <br><br><br>

Received on Thu Aug 03 16:58:27 2006

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