Press release from PR Newswire
Stratasys and Scheu Dental Announce Collaboration in the Digital Orthodontics Market
Thursday, May 09, 2013
Stratasys and Scheu Dental Announce Collaboration in the Digital Orthodontics Market01:05 EDT Thursday, May 09, 2013
Scheu Dental GmbH to cooperate with Stratasys Ltd for global orthodontic sales efforts
MINNEAPOLIS, REHOVOT, Israel and ISERLOHN, Germany, May 9, 2013 /PRNewswire/ -- Stratasys, Ltd. (NASDAQ: SSYS), a leading manufacturer of 3D printers and production systems for prototyping and manufacturing, today announced its collaboration with Scheu Dental GmbH for offering orthodontic labs a complete digital solution.
Digital orthodontics is rapidly becoming the industry standard because of its many business advantages including the ability to significantly shorten delivery times, increase production capacity and eliminate bulky model storage. The collaboration with Scheu Dental GmbH is expected to expand digital orthodontic sales globally.
"We are very pleased to offer our orthodontic lab customers access to complementary solutions from Stratasys. This represents yet another leap towards the age of the full digital orthodontic lab," commented Mr. Christian Scheu, CEO of Scheu Dental GmbH. "The knowledge learned through the successful cooperation of both companies in the orthodontic market has certainly allowed a faster and a more successful collaboration of the digital orthodontics highway for all orthodontic labs worldwide, bringing mass customization to small and mid-sized labs alike."
"Scheu Dental has worked closely with Stratasys to qualify the complete process required to produce orthodontic appliances using the Scheu Dental equipment," says Avi Cohen, Director of Global Dental at Stratasys Ltd. "Stratasys' goal is to provide productive and complete digital solutions to the market by teaming up with the leading orthodontic equipment and materials provider. This collaboration will provide dental labs with a full digital lab solution that sets new productivity standards."
For more information visit www.StratasysDental.com.
About Scheu Dental GmbH
The name SCHEU has been a byword for top quality for more than 80 years. Now in its third generation, our family business supplies a wide range of products and services in the fields of orthodontics, pressure moulding technique and dental sleep medicine. We have established ourselves as specialists on the market ? and not only here in Germany, but in over 100 other countries, too. As well as incorporating tried and proven orthodontic products, some of which were developed by my grandfather and the company's founder Rudolf Scheu, our range primarily features high-end innovations.
Our major focus is on the needs and wishes of our customers. I am therefore particularly pleased to be able to present to you our more attractive product range: At the end of 2006 the SCHEU Group was expanded by the acquisition of the Dusseldorf-based orthodontics specialist Smile-Dental GmbH. This has enabled us to extend our orthodontic range to include fixed treatment.
Top quality is our primary goal, and we achieve it on a daily basis with the help of our workforce of 65 based at our Iserlohn facility. We believe in continuity, not just in terms of the management, which has been in family hands for 80 years, but also with regard to our most valuable asset: our employees. Many of them have been with us for decades. Only our highly motivated and well trained team enables us to deliver top quality on a day-to-day basis and offer attractive products that facilitate your working life.
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. We manufacture 3D printers and materials for prototyping and production. Our 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, our 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. We also manufacture Solidscape 3D Printers and operate the RedEye On Demand digital-manufacturing service. Stratasys 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.
Cautionary Statement Regarding Forward-Looking Statements
Statements regarding Stratasys' beliefs, intentions and expectations, including without limitation statements regarding the development and performance of our products, are forward-looking statements (within the meaning of the United States federal securities laws). 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. This list is intended to identify only certain of the principal factors that could cause actual results to differ. These and other applicable factors are discussed in this presentation and in Stratasys' Annual Report on Form 20-F for the year ended December 31, 2012, as well as other filings that Stratasys, Inc. has made with the SEC and that Stratasys Ltd. has made and will make with the SEC in the future. Any forward-looking statements included in this presentation are as of the date they are given, and Stratasys is not obligated to update them if its views later change, or to reflect the occurrence of unanticipated events, 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.
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