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MINNEAPOLIS, MN and REHOVOT, ISRAEL – April 16, 2012 – Stratasys, Inc. (NASDAQ: SSYS), a leading manufacturer of 3D printers and production systems for prototyping and manufacturing applications, and privately held Objet Ltd., a leading manufacturer of 3D printers for rapid prototyping, today announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies would combine in an all-stock transaction with a combined equity value of approximately $1.4 billion, based upon the closing price of Stratasys’ common stock on April 13, 2012. The transaction will position the combined company as a leader within the high-growth 3D printing and direct digital manufacturing industry.
Under the terms of the agreement, Stratasys will merge with a subsidiary of Objet, and Stratasys shareholders will receive one share of the new combined company for each share of Stratasys common stock they own. Upon closing of the transaction, Stratasys shareholders are expected to own 55 percent and Objet shareholders are expected to own 45 percent of the combined company on a fully diluted basis using the treasury stock method.
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Extends Traditional SolidWorks Ease-of-Use to Help Designers Optimize Plastics Part and Injection Mold Designs
VELIZY-VILLACOUBLAY, France, April 2, 2012 –Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE COMPANY, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today unveiled SolidWorks® Plastics software, easy-to-use software tools that enable users to predict and avoid manufacturing defects during the earliest stages of plastics part and injection mold design.
The new products run fully embedded inside of SolidWorks, providing part designers and mold makers with familiar and intuitive workflows so they can quickly optimize their part and mold designs for manufacturability. The ability to make design changes early helps ensure that the mold works right the first time, reducing or eliminating the need for rework and improving part quality. In addition, SolidWorks Plastics provides users with valuable knowledge so they can determine whether changes to the part geometry, mold design, material selection or processing conditions will have a positive impact on the ability to easily manufacture their products.
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KNOXVILLE, Tenn. – ModernTech, the leading value-added reseller of 3D CAD and Engineering Technology for manufacturers in the Southeast, announces the recent partnership with Anark Corporation. Anark is a leading provider of automated 3D CAD transformation and product visualization solutions and has developed a new 3D Model Based Enterprise (MBE) capability, Anark Core MBEWorks™, which integrates into SolidWorks.
MBEWorks allows SolidWorks users’ to dramatically reduce the costs associated with communicating dimension and tolerance information to their internal organizations, suppliers and customers by replacing redundant, hard to interpret and expensive 2D drawings with a single, complete and easy to interpret 3D Model Based Definition (MBD) document.
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Knoxville, TN – SolidWorks recently honored ModernTech for their hard work and success by awarding ModernTech the 2012 President’s Club Award during SolidWorks World 2012. The President’s Club is an award that recognizes the overall top performing resellers across the world. Additionally, ModernTech was recognized by SolidWorks as having the top score world-wide on the new SolidWorks VAR Tiering Scorecard. The tiering system is based on multiple categories including new bookings, sales productivity, multi-product sales, sales growth, on-time renewals, and customer satisfaction results.
“It was a great honor to receive this prestigious award from such a great organization with which we share a similar mission with…” said Jon Carlton, Vice President, ModernTech.
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KNOXVILLE, TN - ModernTech, the leading value-added reseller of 3D CAD and Engineering Technology for manufacturers in the Southeast, has expanded the sales territory of its SolidWorks 3D CAD software into three Mid-Atlantic States - Virginia, West Virginia and the District of Columbia. The expansion is a continuation of the outstanding growth that the company has experienced and has been fueled by the addition of the Objet 3D Rapid Prototyping Printers to its solution offerings.
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