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3D Systems Expands R&D Team

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3D Systems and Xerox have been partners for 15 years.  As Gigaom explains, “they collaborated on products like 3D System’s line of ProJet professional 3D printers.”

Recently, however, 3D Systems acquired part of Xerox’s Wilsonville, Oregon-based group for $32.5 million.  “The Wilsonville group is home to Xerox’s product design, engineering and chemistry teams…more than 100 Xerox engineers and contractors will help 3D Systems increase its research and development spending by 75 to 100 percent over the next few years…the employees acquired by 3D Systems will focus on product design and material science.  They come packaged with their associated labs and select patents.  Xerox also plans to continue its own research into 3D printing.”

3D Systems President and CEO Avi Reichental released a statement, saying that “the stronger our marketplace leadership, the more powerful our economic model becomes.  Simply put, a solidified position translates directly to higher revenue, higher profitability, and greater earnings power over time and we are willing to sacrifice short term earnings to get there faster.”

Photo and Quotes Courtesy of 3D Systems and Gigaom

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