|By Business Wire||
|May 2, 2014 04:26 PM EDT||
Stratasys Ltd. (Nasdaq:SSYS), a global leader of 3D printing and additive manufacturing solutions announced today that Chairman Scott Crump will be inducted into the Minnesota Inventors Hall of Fame (MIHF). Crump co-founded 3D printer manufacturer Stratasys Inc. with his wife, Lisa, in 1989.
Stratasys Chairman and Chief Innovation Officer, Scott Crump (Photo: Stratasys)
MIHF inductees are selected based on the impact their inventions and creations have on Minnesota communities, the economy and society. Mr. Crump was selected as the sole inductee in the 2014 class and joins an elite group of past honorees that have shaped Minnesota’s culture of innovation, including 2013 inductee, Seymour Cray, father of the supercomputer and founder of Cray Research.
Mr. Crump is the inventor of the fused deposition modeling 3D printing process, which deposits layers of thermoplastic material to create prototypes and production parts. Stratasys Inc. was founded more than 25 years ago, and it emerged as a worldwide leader in unit sales over a decade ago. Since then Stratasys has been a leader in the 3D printing revolution, developing a range of systems and services that appeal to designers, engineers, educators and many others.
Mr. Crump was Chairman and CEO of Stratasys Inc. until December 2012, when the company merged with Objet Geometries to form Stratasys Ltd., and he became Chief Innovation Officer and Chairman of the combined companies.
“It is fitting that such an innovative and highly successful inventor was nominated and selected to be inducted into the Minnesota Inventors Hall of Fame,” said Raymond Walz, Secretary and Custodian of Records for the MIHF. “We are honored to welcome Mr. Crump.”
The induction ceremony will take place at the 57th annual Minnesota Inventors Congress on May 2, in Minneapolis. The MIHF is a Minnesota nonprofit corporation. Its volunteer Board of Directors includes inventors, patent lawyers, members of the scientific community and the public.
The Minnesota Inventors Hall of Fame was established in 1976 to honor inventors generally and to draw attention to the economic and social importance of their contributions to society. The organization identifies Minnesotans who have made significant contributions through their inventions. The overall impact of the inventor's work is a more important consideration than the impact of a single invention.
Stratasys Ltd. (Nasdaq:SSYS), headquartered in Minneapolis, Minn. and Rehovot, Israel, is a leading global provider of 3D printing and additive manufacturing solutions. The company's patented FDM® and PolyJetTM 3D Printing technologies produce prototypes and manufactured goods directly from 3D CAD files or other 3D content. Systems include 3D printers for idea development, prototyping and direct digital manufacturing. Stratasys subsidiaries include MakerBot and Solidscape, and the company operates the RedEye digital-manufacturing service. Stratasys has more than 1800 employees, holds over 550 granted or pending additive manufacturing patents globally, and has received more than 25 awards for its technology and leadership. Online at: www.stratasys.com or http://blog.stratasys.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain information included or incorporated by reference in this press may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are often characterized by the use of forward-looking terminology such as “may,” “will,” “expect,” “anticipate,” “estimate,” “continue,” “believe,” “should,” “intend,” “project” or other similar words, but are not the only way these statements are identified. These forward-looking statements may include, but are not limited to, statements relating to the company’s objectives, plans and strategies, statements regarding the performance of our products, statements that contain projections of results of operations or of financial condition (including, with respect to the MakerBot acquisition) and all statements (other than statements of historical facts) that address activities, events or developments that the company intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the company’s ability to efficiently and successfully integrate the operations of Stratasys, Inc. and Objet Ltd. after their merger as well as MakerBot after its acquisition and to successfully put in place and execute an effective post-merger integration plans; the overall global economic environment; the impact of competition and new technologies; general market, political and economic conditions in the countries in which the company operates; projected capital expenditures and liquidity; changes in the company’s strategy; government regulations and approvals; changes in customers’ budgeting priorities; litigation and regulatory proceedings; and those factors referred to under “Risk Factors”, “Information on the Company”, “Operating and Financial Review and Prospects”, and generally in the company’s annual report on Form 20-F for the year ended December 31, 2013 filed with the U.S. Securities and Exchange Commission and in other reports that the company has filed with the SEC. Readers are urged to carefully review and consider the various disclosures made in the company’s SEC reports, which are designed to advise interested parties of the risks and factors that may affect its business, financial condition, results of operations and prospects. Any forward-looking statements in this press release are made as of the date hereof, and the company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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