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Expands on-demand manufacturing footprint to drive adoption of 3DS' comprehensive design-to-manufacturing solutions
Provides significant aerospace advanced manufacturing expertise and key customer relationships
ROCK HILL, S.C., Aug. 13, 2014 (GLOBE NEWSWIRE) --
3D Systems (NYSE:DDD) announced today that it has acquired American Precision Prototyping (APP) and sister company American Precision Machining (APM), both expert providers of rapid prototyping and advanced manufacturing, product development and engineering services, further extending its service bureau operations in the United States. Details of the transaction were not disclosed.
Headquartered in Tulsa, Oklahoma, APP and APM bring over 24 years of combined advanced prototyping and manufacturing service bureau experience to 3DS with significant aerospace presence. Their production capabilities include a strong regional infrastructure and long-term, key relationships with companies in the sector.
"APP and APM bring a wealth of experience and bench strength in both advanced manufacturing and the aerospace industry that is highly complementary to our offerings," said Ziad Abou, Vice President and General Manager, Quickparts for 3DS. "This acquisition further enhances our North American capabilities and expertise."
"3D Systems is, bar none, the recognized leader in advanced manufacturing with an exceptional track record in providing the highest quality parts services globally," said Jason Dickman, President of APP. "We have been a long-standing customer of 3DS' SLA and SLS printers, materials and software, and we couldn't be more excited to join the team as it positions us to provide unparalleled parts services to our customers far into the future."
Certain 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 or projections 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.