RESEARCH TRIANGLE PARK, N.C., October 14, 2003- Geomagic is ranked number 303 in the 2003 Deloitte Technology Fast 500 announced today. The annual awards program recognizes the fastest-growing technology companies in North America in terms of revenue over a five-year period.
Founded in 1996, Geomagic creates products that enable designers and engineers to capture scan data from physical parts and create highly accurate digital models. The company’s products provide the software power for applications such as mass customization, reverse engineering and computer-aided inspection. In 2002, Geomagic reported a 935-percent growth rate over five years.
“We’ve generated high growth rate during one of the worst economic periods in American history,” says Willis Lumpkin, Geomagic’s vice president and CFO. “Even with tightened budgets, our manufacturing customers are willing to invest in technologies that deliver tangible improvements in their processes.”
Geomagic’s software is used by manufacturers worldwide – including Toyota, Harley-Davidson, Fisher-Price, Align and hundreds of others – for customizing products, automating processes, and increasing throughput.
Geomagic (www.geomagic.com) is a global company dedicated to advancing and applying 3D technology for the benefit of humanity. Geomagic’s scanning and design software solutions are used to capture and model 3D content from physical objects, organically sculpt complex shapes, and prepare products for manufacturing. In addition, the company produces powerful 3D metrology and inspection software that verifies dimensional quality by comparing as-built products to master designs. Geomagic’s Sensable Phantom haptic devices simulate the sense of touch in a digital environment.
Geomagic’s software and hardware are utilized by world-class customers in a variety of industries, including aerospace, automotive, medical, consumer products, toys, collectibles, coindesign, jewelry, fine art, heritage restoration, research, education, mold making, entertainment, training and surgical simulation. In fact, some of the world’s leading companies and research organizationsuse Geomagic software, including Ford, BMW,Boeing, Harley Davidson, Timberland, Mattel/Fisher Price, Lego, Pratt & Whitney, NASA, Schneider Electronic, 3M, Danaher and Invisalign. Geomagic is based in Research Triangle Park, N.C., USA, with an office in Boston, subsidiaries in Europe and Asia, and channel partners worldwide.
Geomagic, Geomagic Studio, Geomagic Qualify, Geomagic Qualify Probe, Geomagic Spark, Wrap, Geomagic Wrap, Phantom, OpenHaptics, Omni, Freeform, Claytools, Sensable and Sensable Technologies, Inc. are trademarks or registered trademarks of Geomagic Inc. All other trademarks are the property of their respective owners.