VALENCIA, Calif. /BUSINESS WIRE/ -- 3D Systems Corp., a leading provider of rapid 3D printing, prototyping, and manufacturing solutions, announced that it has entered into an exclusive agreement with Symyx Technologies, Inc., under which 3D Systems and Symyx will work together to discover and commercialize advanced materials with improved properties and performance for use in 3D Systems' rapid prototyping and rapid manufacturing solutions.
Under the agreement, 3D Systems will fund research by Symyx into new materials, Symyx will apply its proprietary high-throughput research technologies to discover novel materials for 3D Systems, and 3D Systems will have exclusive rights to commercialize the discovered materials within its field of business and will pay royalties to Symyx on sales of the materials that it commercializes.
"This collaboration is another significant step toward the achievement of our long-term rapid manufacturing business development goals," said Abe Reichental, 3D Systems' President and Chief Executive Officer. "As we have said before, we are committed to developing advanced materials with the performance characteristics and functionality range suitable for manufacturing end-use parts and assemblies. We expect our research and development program with Symyx, a world-class research and development partner with proprietary high-throughput research technologies, to yield accelerated discovery and commercialization of new, higher-functionality affordable materials for everyday rapid manufacturing applications."
"We are excited to work with 3D Systems, a leader in the field of rapid prototyping and rapid manufacturing, to develop new solutions for their industry by applying our proprietary high-throughput research technologies," said Steven Goldby, Chairman and Chief Executive Officer of Symyx Technologies. "High-throughput research enables faster, more efficient, and more creative solutions than those made possible using traditional research methods. We look forward to working with 3D Systems to enable advances in this field."
Symyx Technologies, Inc., is dedicated to helping customers maximize the effectiveness and success of their research and development programs. Symyx develops and applies high-throughput research technologies and research software for customers in the pharmaceutical, chemical, energy, electronics, and other industries. Symyx performs research for customers using proprietary technologies to discover new and innovative materials, sells automated high-throughput instrumentation, licenses software for use in customers' own laboratories, and licenses discovered materials, sensors, and intellectual property. Symyx has the largest portfolio of patents in the field of high-throughput materials discovery, with 307 issued patents and 384 patent applications on file worldwide. Information about Symyx, including reports and other information filed by Symyx with the Securities and Exchange Commission, is available at the company's web site.
About 3D Systems Corp.
3D Systems is a leading provider of rapid 3D printing, prototyping, and manufacturing solutions. Its systems and materials reduce the time and cost of designing products and facilitate direct and indirect manufacturing by creating actual parts directly from digital input. These solutions are used for design communication and prototyping, as well as for production of functional end-use parts. More information on the company is available at the company's Web site, or via email at [email protected].