Sunday, Jan 22, 2006 4:00 AM
LAS VEGAS, Nev. - Z Corporation, maker of the world's fastest 3D printers, today announced that its revenue climbed 50 percent in 2005 to more than $30 million, a growth rate the company believes is more than double that of its nearest competitor.
World-class organizations like BMW, Boeing, DaimlerChrysler, Fisher-Price, Ford, NASA, Northrop Grumman, Porsche, Sony, Harvard, MIT and Yale are choosing Z Corp. printers for their superior speed, unsurpassed value and unique ability to print in high-definition color.
Z Corp. customers that use SolidWorks software include Creative Bath Products, Durex Industries, Lockheed Martin, Kimberly-Clark, Los Alamos National Laboratory and Loyola Marymount University.
Z Corp. announced its revenue growth here at the SolidWorks World 2006 conference. As part of his keynote address today, SolidWorks CEO John McEleney displayed a Z Corp. concept model of a joystick to demonstrate the powerful combination of 3D scanning, 3D design and 3D printing.
"Making 3D printing a mainstream technology that can benefit any organization requires a combination of speed, color and affordability," said McEleney. "Z Corp. delivers on every count, continuously bringing new capabilities to 3D printing much as SolidWorks has done for CAD."
Z Corp. highlighted its full line of 3D printers at the conference (Booth #211) and demonstrated the Spectrum Z™510 3D Printing System, which is the only high-definition color 3D printer on the market. Customers use 3D printers to turn SolidWorks designs and other 3D data files into 3D physical models as easily as 2D printers generate documents. Manufacturing companies and their suppliers use 3D printing for concept models, presentation models, functional testing, finite element analysis and metal casting. Companies in architecture, education, geographic information systems (GIS) and medicine also depend on 3D printing for their work.
"Z Corp. 3D printers help SolidWorks users build upon the significant time-to-market advantages of their CAD software by quickly creating high-definition, multi-color prototypes, something possible only with Z Corp. printers," said Z Corp. CEO Tom Clay. "Like SolidWorks, Z Corp. is intensively focused on making sophisticated engineering technology faster, easier and broadly available to the masses. Our common customers are meeting and exceeding steep design challenges every day." SolidWorks and Z Corp. also share a key strategist in SolidWorks co-founder Jon Hirschtick, who is on the Z Corp. board of advisors.
In addition to showcasing its technology at SolidWorks World, Z Corp. is displaying a 3D printed model of THE SEA-DOO® SEASCOOTER™ DOLPHIN, a James Bond-like underwater scooter geared toward the family recreation market. The full-size model was designed in SolidWorks software and printed on Z Corp.'s Spectrum Z510 3D Printing System.
Z Corp. cited these 2005 financial metrics documenting its emergence as the 3D printing technology provider of choice:
- The company has been consistently profitable and shipped its 1,000th ZPrinter® 310 in December.
- It is well-positioned for growth within and beyond the SolidWorks community: 70 percent of its revenue came from products launched last year, including the Spectrum Z510 and the ZPrinter 310 Plus, both of which create the most detailed parts in their price class with unparalleled speed.
- The company added 30 new dealers, growing its distribution channel to more than 120 dealers worldwide.
- Z Corp. further expanded its financial strength and R&D investment by merging with
Contex A/S of Denmark.
- The company doubled its sales to existing customers, validating its ability to identify and satisfy customer needs.
About Z Corporation
Z Corporation develops, manufactures and markets the world's fastest high-definition 3D printers - machines that produce 3D physical prototypes of real-world objects with the speed, ease, and affordability of 2D desktop printing. Z Corp. systems are not only the fastest 3D printers on the market but also offer the only color 3D printing capabilities. Z Corp. holds patents on its proprietary 3D printing materials and equipment and licenses others from MIT, where the company's technology was originally developed.