ROCK HILL, S.C., April 14, 2011 (GLOBE NEWSWIRE) -- 3D Systems (Nasdaq:TDSC), announced today that it has acquired SYCODE™, a software development company based in Goa, India that specializes in providing plug-ins for all commercially available Computer Aided Design (CAD) packages. In connection with this acquisition, the company also plans to commence local commercial activities in India.
SYCODE™ develops cutting-edge software solutions for the CAD industry. These solutions are delivered in the form of standalone apps or plug-ins that work inside CAD tools such as AutoCAD, Inventor, 3D Studio MAX, Maya, Pro/ENGINEER, Kubotek, SolidWorks, Solid Edge, SpaceClaim, Alibre Design, Rhinoceros, IRONCAD, INOVATE, IntelliCAD, Bricscad, Acrobat and SketchUp.
"We are pleased to add the SYCODE™ technology platform to our expanding portfolio," said Abe Reichental, President and CEO, 3D Systems. "We plan to leverage this technology as part of democratizing access and accelerating adoption of 3D content-to-print solutions for the benefit of our professional users and consumers alike."
The company doesn't expect this acquisition to be material to its financial performance and results during 2011.
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 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.
About 3D Systems Corporation
3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials and custom part services. Its expertly integrated rapid prototyping and manufacturing solutions reduce the time and cost of designing new products and printing real parts directly from digital input. These solutions are used to design, communicate, prototype and produce functional end-use parts; customers create with confidence.
The 3D Systems Corporation logo is available at
SYCODE™ develops cutting-edge software solutions for the Computer Aided Design (CAD) industry. The company's solutions are in the form of standalone applications or plug-ins that work inside major CAD systems such as AutoCAD, Inventor, 3D Studio MAX, Maya, Pro/ENGINEER, Kubotek, SolidWorks, Solid Edge, SpaceClaim, Alibre Design, Rhinoceros, IRONCAD, INOVATE, IntelliCAD, Bricscad, Acrobat and SketchUp, among others.
SYCODE also designs, develops and implements customized CAD software solutions for companies worldwide. The customized solution may be a standalone application working closely with the client's existing CAD application, a plug-in to the CAD application or a combination of both.
SYCODE's slogan is " software made simple " and it lives by it. No matter how complicated the task to be accomplished, to the end users of the software, it is always simple.
More information on the company is available at .
CONTACT: Investor Contact: Stacey Witten 803-326-4010 E-mail: WittenS@3dsystems.com Media Contact: Katharina Hayes 803-326-3941 Email: HayesK@3dsystems.com