Product category:
Rapid Prototyping
News Release from: Z Corp
Edited by the Engineeringtalk Editorial
Team on 20 January 2005
New HQ caters for strong growth
Z Corp has moved into an 80% larger facility to meet the demands associated with its strong performance in 2004 and a 25% increase in the number of employees.
Z Corp has moved into an 80% larger facility to meet the demands associated with its strong performance in 2004, which included a significant jump in orders and revenue for its line of 3D printers, and a 25% increase in the number of employees The corporation's new headquarters are located in Burlington, Massachusetts, about 25km north of Boston
This article was originally published on Engineeringtalk on 8 Feb 2005 at 8.00am (UK)
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The corporation attributes its strong growth numbers to outstanding performance in sales of its entry-level 3D printers, increased productivity in the corporation's worldwide reseller channel, expansion into new international markets, and continued growth in consumable revenue.
"We remain on a growth path directly related to the success of our industry-leading 3D printing technology in the rapidly expanding market for 3D printers", says Marina Hatsopoulos, Z Corp Chief Executive Officer.
"Our technology is well-positioned to continue to grow market share, and we will introduce new 3D printing products that are not only easier-to-use and less costly but that also produce models of greater and greater quality".
"In order to finance our strong growth, Z Corp closed two major equity investments in 2004 to further fuel our technology and product development as well as our sales and marketing activities".
According to Tom Clay, Z Corp President, the company's success has led to significant manufacturing rate increases and employee growth, resulting in additional space needs.
"Our new building provides manufacturing and office space that are more suitable to the size and pace of our operations".
"We expect our success to continue as the 3D printing market expands".
"We have seen growth in nontraditional vertical markets, such as architecture, medical products, and GIS mapping applications".
"We have expanded our engineering group and will intensify the group's efforts to make 3D printing as fast, affordable, and easy to use as 2D desktop printing", Clay says.
Z Corp completed the move into its new facility on 17th January 2005, and celebrated the tenth anniversary of its founding by opening for business at its new address.
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