Company's revenue grows by 150 percent compared to previous year; growth strong in all business sectors, especially dental CAD/CAM
RESEARCH TRIANGLE PARK, N.C., April 11, 2007- Geomagic, a worldwide software and services company, reports record revenue for the quarter ending March 31, 2007, with 150 percent growth compared to the same period last year.
Revenue increased across all product lines and geographic regions, with especially strong performance in dental CAD/CAM, where Geomagic is the worldwide market leader.
“I think we are seeing a tipping point for digital shape sampling and processing (DSSP), an industry category that is disruptive in its impact on speed, product differentiation, and quality,” says Ping Fu, Geomagic's president and CEO. “Our vision of mass customization is becoming a mainstream business model in product design for the 21st century.”
DSSP describes the ability to use scanning hardware and processing software to digitally capture physical objects and automatically create accurate 3D models with associated structural properties for design, engineering, inspection and custom manufacturing.
Geomagic is a pioneer and market leader in providing DSSP products, which according to Fu are transitioning from R&D labs to the front lines at leading automotive, aerospace and consumer product companies; at dental and hearing device companies; and within product inspection departments of industries ranging from turbine to electrical manufacturers.
About Geomagic
Geomagic (www.geomagic.com) is a global company dedicated to advancing and applying 3D technology for the benefit of humanity. Geomagic’s scanning and design software solutions are used to capture and model 3D content from physical objects, organically sculpt complex shapes, and prepare products for manufacturing. In addition, the company produces powerful 3D metrology and inspection software that verifies dimensional quality by comparing as-built products to master designs. Geomagic’s Sensable Phantom haptic devices simulate the sense of touch in a digital environment.
Geomagic’s software and hardware are utilized by world-class customers in a variety of industries, including aerospace, automotive, medical, consumer products, toys, collectibles, coindesign, jewelry, fine art, heritage restoration, research, education, mold making, entertainment, training and surgical simulation. In fact, some of the world’s leading companies and research organizationsuse Geomagic software, including Ford, BMW,Boeing, Harley Davidson, Timberland, Mattel/Fisher Price, Lego, Pratt & Whitney, NASA, Schneider Electronic, 3M, Danaher and Invisalign. Geomagic is based in Research Triangle Park, N.C., USA, with an office in Boston, subsidiaries in Europe and Asia, and channel partners worldwide.
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Geomagic, Geomagic Studio, Geomagic Qualify, Geomagic Qualify Probe, Geomagic Spark, Wrap, Geomagic Wrap, Phantom, OpenHaptics, Omni, Freeform, Claytools, Sensable and Sensable Technologies, Inc. are trademarks or registered trademarks of Geomagic Inc. All other trademarks are the property of their respective owners.
Media Contact:
Rachael Taggart
Geomagic, Inc.
+(1) 919-474-0135
Contact Rachael