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Photo Release -- 3D Systems, Commonwealth Of Pennsylvania, And 'America Makes' Announce Additive Manufacturing Research Awards

Stocks in this article: DDD

- $3 million in grants and matching support awarded to Carnegie Mellon University and Lehigh University for 3D printing research

podium
From Left: Dr. Ozdoganlar, Carnegie Mellon University, Dr. Allen Snyder, Lehigh University, Jim Williams, 3D Systems, Gov. Tom Corbett, Ralph Resnick, America Makes, Ed Morris, America Makes

- 3D Systems partners to support development of medical instrumentation and devices

- Awards are a key result of the public-private partnership between America Makes, the Commonwealth of Pennsylvania and 3D Systems

ROCK HILL, S.C., Aug. 18, 2014 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD), the Commonwealth of Pennsylvania and America Makes announced the award of three major grants to leading universities to advance research in additive manufacturing technology. The announcement was made on August 15 by Governor Tom Corbett at 3DS' 3D printing facility in Langhorne, Pennsylvania. The grants are provided by the Commonwealth of Pennsylvania and America Makes and will be used to finance research conducted in partnership with 3D Systems.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=27139 "Pennsylvania is known for making products for the world, and to remain competitive, we must ensure our policies support the technology and innovation of the 21st century," said the Commonwealth of Pennsylvania's Governor Tom Corbett. "By supporting this collaborative initiative, we will tap the best and brightest from two of Pennsylvania's many prestigious universities to help our manufacturers remain leaders in the global economy."

Part of the larger Research for Additive Manufacturing in Pennsylvania (RAMP) program, the Corbett administration's Discovered in PA – Developed in PA (D2PA) grant of $1 million has been awarded to Carnegie Mellon University (CMU). RAMP was established in 2012 to engage in specific innovation projects with Pennsylvania manufacturers. D2PA was established by Corbett in 2011 to support Pennsylvania businesses and to spur creativity and innovation in the provision of economic development services.

Lehigh University received a $1 million grant from America Makes, the national additive manufacturing innovation institute. America Makes was established by the U.S. Department of Defense and other governmental organizations in 2012 and brings together 100 companies and universities to advance 3D printing into the market.

Additional private industry in-kind contributions to a value of $1 million are being provided to fund both projects.

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