Mojo Desktop 3D Printer Enables In-house Prototyping for Contest Winner
Minneapolis; Rehovot, Israel - Feb. 7, 2014 - Desktop Engineering and Stratasys (Nasdaq: SSYS) have crowned a winner of the second Rapid Ready Sweepstakes, awarding Joe Lutgen, owner of RSI Mechanical LLC, in Costa Mesa, Calif., a Mojo Desktop 3D Printer.
Lutgen, a mechanical design engineer and consultant, regularly uses 3D printed models to conceptualize designs in the medical device, aerospace and automotive sectors. He will use the Mojo Desktop 3D print pack to kick-off an in-house 3D printing service to produce customer concepts and prototypes, overnight.
Joe Lutgen, winner of the DE-Stratasys Rapid Ready Sweepstakes, shows off a part he printed using the Mojo Desktop 3D Printer.
The annual Rapid Ready Sweepstakes is open to engineers, educators and designers in the United States, who have a professional need for producing concept models, functional prototypes or manufacturing tools. Desktop Engineering chose the contest winner in a random drawing late 2013.
The Mojo Desktop 3D Printer is helping Lutgen and RSI Mechanical respond to the growing demand from clients for quicker turn-around in producing 3D printed prototypes.
"Creating a 3D printed prototype took three to four days to complete when I outsourced projects," said Lutgen. "I will use the 3D printer to speed up the process by bringing it in-house. I'm marketing the company's new capability as described by the Mojo tagline: 'The printer is an idea engine.' Now I have no excuses but to create."
In addition to his professional ventures, using the Mojo Desktop 3D printer has become a family event within Lutgen's household, where he encourages his sons to get creative, with the hope they will get excited about modeling and 3D printing.
The Mojo Desktop 3D Printer is part of the Stratasys Idea Series and uses Fused Deposition Modeling (FDM) to create prototypes. The prize pack, valued at $9,900, includes a desktop 3D printer, a startup supply of materials and bases, the Mojo Print Wizard and Control Panel software and the WaveWash 55 support removal system.
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 digital-manufacturing service. Stratasys has more than 1700 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 or http://blog.stratasys.com
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 and the potential growth of our industry and market, 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 relating to Stratasys' 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 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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