MINNEAPOLIS & REHOVOT, Israel — (BUSINESS WIRE) — March 14, 2013 — Stratasys Ltd. (NASDAQ: SSYS), a leading manufacturer of 3D printers and production systems for prototyping and manufacturing, today announced the finalists for its ninth annual Extreme Redesign 3D Printing Challenge. The global contest encourages students to submit an innovative product design, a redesign of an existing product, or an original work of art or architecture.
As a new incentive this year, college category finalists will have their designs reviewed for a possible licensing agreement and commercialization by a major manufacturer in partnership with online inventor community, Edison Nation, which operates the hit TV show, Everyday Edisons.
The contest includes the categories of middle school and high school engineering, college engineering, and art & architecture. Besides being contenders for scholarship prize money, the top ten finalists in each of the three categories will receive a 3D printed model of their design. A list of the finalists and their school names can be found at: ER 2013 Finalists.
From the ten finalists in each category, a panel of independent judges from industry will select the winners. This year's judges are Patrick Gannon, RP+M division of Thogus, Todd Grimm, TAGrimm & Associates, and Ian Kovacevich, Enventys. Stratasys will award scholarships in the amount of $2,500 for first place winners and $1,000 for second and third place winners. Instructors of the three first-place student winners will receive a tablet PC for use in the classroom.
Designs are awarded based on creativity, usefulness, part integrity and aesthetics. Each submission is required to be a sound mechanical design; be realistic and achievable; and include a clear written description of the design.
This year’s contest also features the award category, “Engineering a Difference,” in which students compete for a bonus prize. Students whose designs are aimed at solving a great societal challenge will have a chance to win a $250 gift card.
For video, photos, and descriptions of previous winning designs, visit Extreme Redesign 3D Printing Challenge. For contest rules and regulations, visit Rules & Regulations.
About Stratasys Ltd.
Stratasys Ltd. (Nasdaq:
SSYS) is
the corporate entity formed in 2012 by the merger of 3D printing
companies Stratasys Inc. and Objet Ltd., based in Minneapolis, Minn. and
Rehovot, Israel. The Company manufactures 3D printers and materials for
prototyping and production. Its patented FDM® and PolyJet®
processes produce prototypes and manufactured goods directly from 3D CAD
files or other 3D content. Systems include affordable desktop 3D
printers for idea development, a range of systems for prototyping, and
large production systems for direct digital manufacturing. Since June
2012, the Company’s range of over 130 3D printing materials is the
widest in the industry and includes in excess of 120 proprietary
inkjet-based photopolymer materials and 10 proprietary FDM-based
thermoplastic materials. Stratasys also manufactures Solidscape 3D
Printers and operates the RedEye On Demand digital-manufacturing
service. The Company has more than 1100 employees, holds more than 500
granted or pending additive manufacturing patents globally, and has
received more than 20 awards for its technology and leadership. Online
at:
www.stratasys.com
or
http://blog.stratasys.com
/
www.objet.com
or
http://blog.objet.com.
Cautionary Statement Regarding Forward-Looking Statements
Statements
regarding Stratasys’ beliefs, intentions and expectations, including
statements regarding the management of Stratasys, Inc. and Objet Ltd. as
a combined company, the benefits of the combination of the companies,
and the future financial performance of the combined company after their
merger, are forward-looking statements. The statements involve risks and
uncertainties, both known and unknown, that may cause actual results to
differ materially from those projected. Actual results may differ
materially due to a number of factors, including the risk and
uncertainty that the businesses of the two companies may not be
integrated successfully; the risk that the merger may involve unexpected
costs or unexpected liabilities; the risk that synergies from the merger
may not be fully realized or may take longer to realize than expected;
the risk that management’s focus on and disruptions arising from the
merger make it more difficult to maintain relationships with customers,
employees, or suppliers. Stratasys’ ability to achieve the results
presented in any forward-looking statement will depend on numerous
factors, including its ability to penetrate the 3D printing market; its
ability to achieve the growth rates experienced in preceding quarters;
its ability to introduce, produce and market both existing and new
consumable materials, and the market acceptance of these materials; the
impact of competitive products and pricing; its timely development of
new products and materials and market acceptance of those products and
materials; the success of Stratasys’ recent R&D initiative to expand the
DDM capabilities of its core FDM technology; and the success of
Stratasys’ RedEye On DemandTM and other paid parts services.
These and other applicable factors are discussed in this presentation
and in Stratasys’ filings with the Securities and Exchange Commission.
These filings include the definitive proxy statement/prospectus filed
with the SEC on August 8, 2012, as well as the filings that Stratasys,
Inc. has made with the SEC and that Stratasys Ltd. has made and will
make with the SEC in the future, including its report on Form 20-F to be
filed for the year ended 12/31/2012. Any forward-looking statements
included in this presentation are as of the date they are given, and
Stratasys does not intend to update them if its views later change,
except as may be required by law. These forward-looking statements
should not be relied upon as representing Stratasys’ views as of any
date subsequent to the date they are given.
Attention Editors: If you publish reader-contact information, please use: www.stratasys.com/Help/Contact-Us.aspx
Contact:
Stratasys Media Contacts
USA
Aaron Masterson,
+1-952-346-6258
Weber Shandwick
E-mail:
Email Contact
or
Europe
Claire
Russell-Jones, +44-1737-215200
UK Bespoke
E-mail:
Email Contact
or
Stratasys
Arita
Mattsoff / Joe Hiemenz
Stratasys
Tel. +972-(0)74-745-4000 (IL)
Tel.
+1-952-906-2726 (US)
Email:
Email Contact
Email:
Email Contact
or
Korea
Jihyun
Lee, +82-10-3408-1609
The Hoffman Agency Korea
Email:
Email Contact
or
Japan
Stratasys
Japan
Aya Yoshizawa, +81 90 6473 1812
E-mail:
Email Contact
or
Asia
Pacific
Stratasys AP
Vicki Kei, +852 3844 8813
E-mail:
Email Contact
or
Brazil
Tatiana
Fonseca, +55-11-3846-9981
GAD Communications
Email:
Email Contact
or
Mexico
Patricia
Tawil, +52-55-5253-9670
IDESA
Email:
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or
South
Africa
Alison McDonald, +27-(0)11-468-1192
PR Connections
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