CIMdata PLM Industry Summary Online Archive
11 April 2007
Financial News
Geomagic Starts 2007 with Record Quarter Company's Revenue Grows by 150 Percent Compared to Previous Year; Growth Strong; in All Business Sectors, Especially Dental CAD/CAM
Geomagic 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.
"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.
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.