3D Systems Announces Plans To Expand Its Rock Hill Operations
ROCK HILL, S.C., March 30, 2011 (GLOBE NEWSWIRE) -- 3D Systems Corporation (Nasdaq:TDSC) announced plans to expand its in-house manufacturing activities to include additional personal and professional 3D printer models. In connection with its expansion plans the company also exercised an option to purchase an 11-acre parcel contiguous to its Rock Hill facility. Bolstered by its successful transition and subsequent expansion of its in-house manufacturing activities for its popular ProJet™ 3000 professional 3D printer and Accura ® print materials, the company is planning to manufacture additional 3D printer models in-house and to also expand its print materials blending facility. The company expects to carry out its next expansion phase within its current 80,000 square feet facility and has no immediate plans to develop its recently acquired parcel.
"We are pleased with our ability to continue to expand our in-house operations in support of our long term target operating model," said Damon Gregoire, Senior Vice President and Chief Financial Officer for 3D Systems. "This initiative is consistent with our previously disclosed gross profit margin improvement program and closely mirrors our strategic growth plans."
Forward-Looking StatementsCertain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as "believes," "belief," "expects," "estimates," "intends," "anticipates" or "plans" to be uncertain and forward-looking. Forward-looking statements may include comments as to the company's beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements," "Cautionary Statements and Risk Factors," and "Risk Factors" in the company's periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements.
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