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Stratasys (SSYS)

Before a manufacturer makes any new product these days, chances are that it will start out by creating a prototype from a computerized design. Chances also are good that if the manufacturer needs that prototype pronto, it will buy equipment from Stratasys. The Eden Prairie (Minn.) company has become the market leader in rapid-prototyping systems that turn 3D designs into plastic models. And by rapid, Stratasys means rapid. Projects that had taken days or weeks can now be done in a matter of hours. Customers include automakers, universities, medical-products outfits, and even toymaker Lego. Founded 17 years ago by engineer S. Scott Crump and his wife, Lisa, Stratasys had some slow first years. But since 2002, when the company introduced a low-end 3D machine, it has been on a tear. Net income tripled to $10.6 million and sales doubled to $82.8 million over that span. Analysts foresee earnings growing by 20% through at least 2007.

Company Info

2005 Rank

89

Market Value*
($ Millions)

332.2

Sales*
($ Millions)

86.2

Sales Growth
(3-yr. avg. annual)

28.7 %

Profits*
($ Millions)

10.2

Profit Growth
(3-yr. avg. annual)

50.3 %

Return on Inv. Capital (3-yr.)

10.5 %

Share Price
12-Mo. Hi/Lo

36/20

Share Price
As of 4/28/06

33

Return on Equity

11.5 %

P/E Ratio

34

No. of Employees

325

Industry Computer Hardware
CURRENT
MARKET INFO

SSYS >

COMPANY WEB SITE >
Location Eden Prairie, Minn.
Phone 952 937-3000
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat

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Company Snapshot

Stratasys engages in the development, manufacture, marketing, and servicing of rapid prototyping (RP) devices, including 3-D printing systems. Its products are used by the engineers and designers to create physical models, tooling, and prototypes out of plastic and other materials directly from a computer-aided design (CAD) workstation. The company's RP systems are based on its patented fused deposition modeling (FDM) technology. FDM technology allows the use of various production-grade plastic modeling materials than other RP technologies. Its products include Dimension BST, Dimension SST, FDM Titan, FDM Vantage, and FDM Maxum. Dimension BST offers ABS, an engineering thermo plastic material, modeling capabilities on a desktop 3-D printer platform. Dimension SST incorporates all the functionality of Dimension BST with a soluble support removal system. FDM Titan offers users the capability to model with various engineering thermoplastic materials, including polycarbonate, ABS, polyphenylsulfone, and other thermoplastic materials. FDM Vantage utilizes FDM technology to build prototypes in either polycarbonate and ABS. FDM Maxum incorporates MagnaDrive technology, which allows the extrusion head to float on a bed of air while being controlled through electromagnet devices. Stratasys also offers two software products that convert the three-dimensional CAD databases into the appropriate two-dimensional data formats for the prototyping machines. The company also leases or rents systems, and provides maintenance services and contract engineering services in connection with the development of systems and services incorporating its proprietary technology. It offers its products to various markets, including aerospace, consumer products, educational institutions, medical systems, mold making, automotive, business machines, electronics, medical analysis, and tooling. The company was incorporated in 1989 and has its headquarters in Eden Prairie, Minn.


Data provided by Capital IQ
 
S. Scott Crump

S. Scott Crump, 52

Chairman, Chief Executive Officer and President


Total Compensation*

$ 230,624

Total Options Value*

$ 966,320

* Fiscal Year 2005


Executive Bio

S. Scott Crump has been CEO, president, and treasurer of Stratasys, a manufacturer of equipment for the product design industry using prototyping technology, since its inception in 1988. Crump served as chief financial officer of Stratasys from February, 1990, to May, 1997. Along with his wife Lisa, Crump is a co-founder of Stratasys. During the period from 1982 to 1988, Crump was a co-founder and vice-president of sales of IDEA, now called SI Technologies, a leading manufacturer of force, load and pressure transducers, and was an executive vice-president until June, 1988. From 1988 until 1989, he was chief operating officer of Ivy Medical, a manufacturer of equipment for the health-care industry. He also serves as chairman of the board of Stratasys, and has been its director since 1988. Crump has been a director of SI Technologies since 1981. He holds a BS in mechanical engineering and is a registered professional engineer. He is the son of Ralph Crump, a director of Stratasys.


Management Team

Key Executives

S. Scott Crump; Robert F. Gallagher; Thomas W. Stenoien; Paul Blake; Jonathan Lee Cobb; Woodrow J. Frost

Board Directors

Edward J. Fierko; Ralph E. Crump; Clifford H. Schwieter; Arnold J. Wasserman; Gregory L. Wilson; S. Scott Crump


Executive Data provided by Capital IQ