|[October 29, 2013]
Stratasys is a Sponsor of Amputee Long Drive Championship in Mesquite, Nevada
MINNEAPOLIS & REHOVOT, Israel --(Business Wire)--
Ltd. (NASDAQ:SSYS), a manufacturer of 3D printers and production
systems for personal use, prototyping and production, announced that it
sponsored today's Amputee Long Drive Championship (ALDC) at the Mesquite
Sports & Event Complex in Mesquite, Nevada. The ALDC brings together
disabled golfers from the U.S. and Canada to compete for the chance to
become the longest driver in amputee golf.
ALDC founder, Dean Jarvis (Photo: Business Wire)
Stratasys (News - Alert) is partnering with Oak Ridge National Laboratory (ORNL), to
aids its efforts to develop lightweight, high-performance prosthetics.
ORNL's goal is to help advances in prosthetics reach the market quickly
and affordably. Fused Deposition Modeling (FDM) plays an important role
in ORNL's prosthetics program.
"Our partnership has allowed ORNL to customize prosthetics to fit the
needs of amputees by reimagining ways to advance these products," said
Jeff DeGrange, vice president direct digital manufacturing at Stratasys.
When golf was added to the upcoming 2016 Olympics but denied from the
Paralympics, ALDC founder Dean Jarvis became determined to build an
event that allowed disabled golfers to demonstrate their abilities and
compete in a nationally-recognized tournament. Today, the ALDC is
considered one of the most high-profile disabled golf events in the
nation and according to Jarvis, provides a solution to the barriers that
have prevented golf's inclusion in the Paralympics.
"If necessity is the mother of invention, then frustration might be the
father," said Jarvis, an above-the-knee amputee, as he spoke about the
challenges he's overcome. "I think Stratasys is a perfect match for the
ALDC because their enabling technology embodies this mentality and
presents new possibilities for me and my peers."
The connection between Stratasys and the ALDC was sparked when DeGrange
met with Jarvis and White House Science Fair winner, Easton LaChappelle,
a high school student who created a mind-controlled prosthetic arm using
two 3D printers in his bedroom. Dr. Lonnie Love, senior robotics
research scientist at ORNL, made the introduction after hearing about
Easton's presentaton during the inaugural ALDC at the Tennessee
National Golf Club in July, 2013.
Additional information about the Amputee Long Drive Championship (ALDC)
can be found at www.amputeelongdrivechampionship.com.
Additional information about Stratasys is available at www.stratasys.com.
Stratasys Ltd. (NASDAQ:SSYS), headquartered in Minneapolis, Minn.
and Rehovot, Israel, manufactures 3D printers and materials for
prototyping and production. The company's patented FDM® and
PolyJet® processes 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 On Demand digital-manufacturing
service. Stratasys has more than 1500 employees, holds over 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
Stratasys, Objet, PolyJet and FDM, are trademarks or registered
trademarks of Stratasys Ltd. or its affiliates or subsidiaries. Other
trademarks are the property of their respective owners.
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 (News - Alert) 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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