DEN PRAIRIE, Minn.--(BUSINESS WIRE)--January 4, 1999--Stratasys, Inc.
(NASDAQ:
SSYS - news) today announced that it has acquired new rapid prototyping (RP)
technology which the Company expects will
significantly enhance its product mix and capabilities.
The cost of this new RP technology, developed by a private research and
development company, is approximately $6.5 million plus
warrants to purchase 128,000 shares of Stratasys common stock exercisable at
$13.88 per share.
Stratasys expects to be operationally profitable in the fourth quarter and
for the entire year ended December 31, 1998, although it
intends to account for substantially all the newly acquired technology costs
as in-process engineering costs, which will negatively
impact the company's December 31, 1998 year-end net earnings.
Stratasys expects that the products derived from this new technology should
be introduced to the marketplace in approximately a
year.
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Opinions, suggestions, and other controversial matter VOID where prohibited.
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Elaine T. Hunt, Director
Clemson University Laboratory to Advance Industrial Prototyping
206 Fluor Daniel Bldg. Clemson, SC 29643-0925
864-656-0321 (voice) 864-656-4435 (fax)
elaine.hunt@ces.clemson.edu
http://chip.eng.clemson.edu/rp/persall/elaine.html
For more information about the rp-ml, see http://ltk.hut.fi/rp-ml/
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