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."
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