FDM Inventor Crump Honored for his Impact on Additive Manufacturing

MINNEAPOLIS and REHOVOT, Israel, July 8, 2013 — (PRNewswire) —  3D printer maker Stratasys Ltd. (NASDAQ: SSYS) is proud to announce that its Chairman and Chief Innovation Officer, Scott Crump, was awarded the Rapid Technologies and Additive Manufacturing (RTAM) Industry Achievement Award by the Society of Manufacturing Engineers (SME) on June 12. The award was given at SME's RAPID 2013 annual industry conference. Francisco Medina, manager of the University of Texas at El Paso's W.M. Keck Center for 3D Innovation, presented the award to Mr. Crump.

Established in 2008, the Industry Achievement Award annually recognizes one individual, team or company for outstanding accomplishments that have had significant impact within the additive manufacturing industry or in any industry through the application of additive manufacturing technologies. A panel of judges composed of manufacturing engineers, CEOs, industry consultants, original equipment manufacturers and other rapid manufacturing professionals evaluate nominees from the RTAM industry, including rapid manufacturing, tooling, medical, 3D imaging and materials. The award winner is selected based on the scope and scale of their work benefitting the industry today as well as its promise to positively and significantly impact the future.

"I am extremely honored to receive this prestigious award," said Crump. "On behalf of the entire Stratasys family, who all work so hard to put our company at the leading edge of innovation and technology, I'd like to thank the Society of Manufacturing Engineers for this recognition."

The next opportunity to hear Mr. Crump speak will be July 10 at the Inside 3D Printing Conference & Expo in Chicago, where he will deliver the keynote address. The conference explores current and future business applications of additive manufacturing and features tutorials and seminar sessions covering topics such as policy issues, art and architecture. 

Mr. Crump has served as the Chairman of the Board since Stratasys Inc's inception in 1988. Since the company's merger with Objet and formation of the new entity – "Stratasys Ltd." – Crump continues as full-time Chairman as well as Chief Innovation Officer. Crump along with his wife Lisa H. Crump, invented Fused Deposition Modeling (FDM) technology.

Stratasys Ltd. (Nasdaq: SSYS) is the corporate entity formed in 2012 by the merger of 3D printing companies Stratasys Inc. and Objet Ltd., based in Minneapolis, Minn. and Rehovot, Israel. Stratasys 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 affordable desktop 3D printers for idea development, a range of systems for prototyping, and large production systems for direct digital manufacturing. Since June 2012, the company's range of over 130 3D printing materials is the widest in the industry and includes more than 120 proprietary inkjet-based photopolymer materials and 10 proprietary FDM-based thermoplastic materials. Stratasys also manufactures Solidscape 3D Printers and operates the RedEye On Demand digital-manufacturing service. The company has more than 1100 employees, holds more than 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

SME or the Society of Manufacturing Engineers, is an unbiased, 501(c)3 organization with an 81-year history of accumulating, validating and sharing manufacturing knowledge. SME is an essential resource for manufacturing stakeholders. Those who engage with SME discover a vibrant, multifaceted community where connections, collaboration and camaraderie thrive. Through its integrated strategic areas – events, publishing, membership, Tooling U-SME online training division and the SME Education Foundation –SME acts as "the solutionists" to help manufacturing stakeholders overcome their challenges with innovative, practical solutions. SME is "Making the future. Together."

FDM, Stratasys and Objet are registered trademarks, and Fused Deposition Modeling is a trademark of Stratasys Ltd. and or its subsidiaries or affiliates.

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Stratasys Ltd. Society of Manufacturing Engineers Web: http://www.stratasys.com/