3D Systems Provides Statement on Ongoing Partnership with Align Technology
September 07 2023 - 6:49PM
3D Systems (NYSE:DDD) today issued a statement on the company’s
ongoing partnership with Align Technology (NASDAQ:ALGN). The
statement is in response to significant shareholder inquiries
related to Align’s recent announcement that it has entered into a
definitive agreement to acquire privately held Cubicure Gmbh.
3D Systems’ 25-year partnership with Align where 3D Systems
provides hardware, materials, processing, and services for Align in
connection with its highly efficient indirect production of
aligners remains strong. Align operates hundreds of 3D Systems’
printers producing over one million parts daily and continues to
rely on 3D Systems to support its operations. 3D Systems’ forecasts
remain intact and already account for Align’s existing partnership
with Cubicure.
“3D Systems continues to be a critical partner for Align,” said
Emory Wright, Align Technology executive vice president, Global
Operations. “We have worked with them over the past 25 years to
transform a prototyping technology to a mass production system.
Over those years we have been able to make significant advancements
in the accuracy and productivity of the technology and we will
continue to work with them to further advance our indirect printing
of aligners into the future.”
Cubicure’s R&D efforts on direct 3D printing of aligners
have had no impact on 3D Systems. 3D Systems continues to move
forward with advanced R&D to further its capabilities for
direct printing aligners as that approach is further evaluated as a
complement to well-established and highly efficient indirect
production.
About 3D SystemsMore than 35 years ago, 3D
Systems brought the innovation of 3D printing to the manufacturing
industry. Today, as the leading additive manufacturing solutions
partner, we bring innovation, performance, and reliability to every
interaction – empowering our customers to create products and
business models never before possible. Thanks to our unique
offering of hardware, software, materials, and services, each
application-specific solution is powered by the expertise of our
application engineers who collaborate with customers to transform
how they deliver their products and services. 3D Systems’ solutions
address a variety of advanced applications in healthcare and
industrial markets such as medical and dental, aerospace &
defense, automotive, and durable goods. More information on the
company is available at www.3DSystems.com.
Forward-Looking StatementsCertain 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 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 or
projections expressed or implied by such forward-looking
statements. In many cases, forward-looking statements can be
identified by terms such as "believes," "belief," "expects," "may,"
"will," "estimates," "intends," "anticipates" or "plans" or the
negative of these terms or other comparable terminology.
Forward-looking statements are based upon management’s beliefs,
assumptions, and current expectations and 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" 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. Although
management believes that the expectations reflected in the
forward-looking statements are reasonable, forward-looking
statements are not, and should not be relied upon as a guarantee of
future performance or results, nor will they necessarily prove to
be accurate indications of the times at which such performance or
results will be achieved. The forward-looking statements included
are made only as of the date of the statement. 3D Systems
undertakes no obligation to update or review any forward-looking
statements made by management or on its behalf, whether as a result
of future developments, subsequent events or circumstances or
otherwise.
ContactsInvestors:3D
Systemsinvestor.relations@3dsystems.com
MacKenzie Partners, Inc.Dan Burch / Bob
Maresedburch@mackenziepartners.com /
bmarese@mackenziepartners.com
U.S. Media:FTI ConsultingPat Tucker / Rachel Chesley / Kyla
MacLennan3DSystems@fticonsulting.com
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