CORRECTING and REPLACING Stratasys Unveils Spin-off Evolve Additive Solutions to Focus on New “STEP” Technology

• New company to drive Stratasys incubated innovation aimed at
  high-volume production using a wide range of thermoplastics at speeds
  comparable to conventional manufacturing processes
• STEP technology delivers the well-known advantages of additive
  manufacturing with cost-per-part and surface quality in line with
  traditional manufacturing, along with X, Y, Z directional strength and
  mechanical properties rivaling injection molding

MINNEAPOLIS & REHOVOT, Israel–(BUSINESS WIRE)–First paragraph of release should read: Stratasys
Ltd. (NASDAQ: SSYS), a global leader in applied additive technology
solutions, today officially unveiled the spin-off of its Selective
Thermoplastic Electrophotographic Process (STEP) technology and forming
of Evolve Additive Solutions. (instead of Stratasys
Ltd. (NASDAQ: SSYS), a global leader in applied additive technology
solutions, today officially unveiled the spin-off of its Selective Toner
Electrophotographic Process (STEP) technology and forming of Evolve
Additive Solutions.)

STRATASYS UNVEILS SPIN-OFF EVOLVE ADDITIVE SOLUTIONS TO FOCUS ON NEW
"STEP" TECHNOLOGY

• New company to drive Stratasys incubated innovation aimed at
  high-volume production using a wide range of thermoplastics at speeds
  comparable to conventional manufacturing processes
• STEP technology delivers the well-known advantages of additive
  manufacturing with cost-per-part and surface quality in line with
  traditional manufacturing, along with X, Y, Z directional strength and
  mechanical properties rivaling injection molding

Stratasys
Ltd. (NASDAQ: SSYS), a global leader in applied additive technology
solutions, today officially unveiled the spin-off of its Selective
Thermoplastic Electrophotographic Process (STEP) technology and forming
of Evolve Additive Solutions.

After nearly 10 years as an incubation project, the new organization
will be led by a dedicated management team, exclusively focused on
bringing the proprietary STEP technology to market – aimed at delivering
high-volume production additive manufacturing at breakthrough speeds
compared to other commercially available additive processes.

Traditional manufacturers have long sought to combine the benefits of
additive manufacturing with the material, quality and economics of
traditional production processes. Built on Stratasys’ pioneering
development and 3D printing and additive manufacturing expertise,
Evolve’s STEP technology is aimed at producing parts at a cost, quality
and throughput comparable to traditional manufacturing processes. The
solution is intended for high-volume production runs into the hundreds
of thousands per year. As such, it is expected to compete with
traditional processes, such as injection molding.

“As an independent company, Evolve will best be able to focus on the
advancement of the technology, provide the entrepreneurial environment
and management equity incentives suitable for early stage efforts and
drive the customer relationships and partnerships to foster further
development and initial market adoption,” said Stratasys CEO, Ilan
Levin. “As an equity stakeholder, we look forward to collaborating with
Evolve and supporting this initiative to help make it a success.”

Designed for automated manufacturing and factory-floor integration, STEP
empowers users to utilize production-grade thermoplastics for volume
production applications across multiple industries, including Consumer,
Automotive, Industrial and Medical. The highly scalable and extensible
solution combines Evolve’s own proprietary technology with the proven
capability of electrophotographic imaging.

“We are excited to introduce Evolve Additive Solutions and proprietary
STEP technology,” said Steve Chillscyzn, CEO of Evolve Additive
Solutions and co-inventor of STEP. “We believe the STEP technology is
uniquely positioned to bridge the gap in the market not yet addressed by
additive or traditional manufacturing technologies,” continued
Chillscyzn. “It is the first-of-its-kind technology offering an additive
method for mass production. It’s designed to deliver the benefits of
additive, while handling high-volume production. And we’re confident in
the Evolve team’s ability to make this technology a success.”

The STEP process combines time-tested 2D imaging technology with
proprietary IP developed by Evolve to precisely align incoming layers
and sophisticated bonding techniques that create final parts that are
fully dense with isotropic properties of injection molding.

Specifically, STEP technology introduces a range of new features,
including:

• Engineering-grade thermoplastic materials (amorphous and
  semi-crystalline)
• Production speeds of up to 50X faster than existing additive
  manufacturing solutions
• Cost per part and surface quality comparable to traditional
  manufacturing
• Isotropic properties in X, Y and Z directions on par with injection
  molding
• Industry 4.0 and automation factory floor integration
• Multiple material printing capable within the same layer
• Full color printing capability – including spot and process

Evolve has already commenced seeking initial purchase orders from
several leading automotive, consumer goods and aerospace companies
during its alpha stage. Over the next 12 months, Evolve also plans to
engage new customers to evaluate beta systems for applications in volume
production environments across many vertical markets. Parties interested
in beta opportunities are encouraged to contact
Evolve directly. Evolve has not yet announced the date of expected
general availability of its products.

Industry Consultant Todd Grimm commented, “Evolve’s STEP process is
interesting because it brings a completely new approach to production
environments using additive manufacturing, yet it prints using
production grade thermoplastics, which is what manufacturers are most
familiar with when producing parts conventionally. Having had the
opportunity to get a glimpse early on, it’s very encouraging to see how
Evolve has progressed the development of the STEP process.”

The seasoned senior management team of Evolve Additive Solutions brings
over 40 years of combined experience in additive manufacturing and
includes such industry leaders as:

• Steve Chillscyzn, Chief Executive Officer
• Bruce Bradshaw, Chief Business & Marketing Officer
• Shane Glenn, Chief Financial & Strategy Officer
• Dr. Arun Chowdry, Vice President of Technology and Materials

Evolve Additive Solutions is an organization focused on
pioneering the manufacturing market with technologies and solutions
centered around production applications with real-world thermoplastics.
Its revolutionary STEP technology allows customer to leverage the
advantages brought about by additive manufacturing with material
characteristics and costs on par with traditional manufacturing. Evolve
Additive Solutions is headquartered in Minnetonka, Minnesota with a
materials technology center based in Rochester, New York. Learn more
about Evolve Additive Solutions online at www.evolveadditive.com

Stratasys (NASDAQ: SSYS) is a global leader in applied additive
technology solutions for industries including Aerospace, Automotive,
Healthcare, Consumer Products and Education. For nearly 30 years, a deep
and ongoing focus on customers’ business requirements has fueled
purposeful innovations—1,200 granted and pending additive technology
patents to date—that create new value across product lifecycle
processes, from design prototypes to manufacturing tools and final
production parts. The Stratasys 3D printing ecosystem of solutions and
expertise—advanced materials; software with voxel level control;
precise, repeatable and reliable FDM and PolyJet 3D printers;
application-based expert services; on-demand parts and industry-defining
partnerships—works to ensure seamless integration into each customer’s
evolving workflow. Fulfilling the real-world potential of additive,
Stratasys delivers breakthrough industry-specific applications that
accelerate business processes, optimize value chains and drive business
performance improvements for thousands of future-ready leaders.
Corporate headquarters: Minneapolis, Minnesota and Rehovot, Israel.
Online at: www.stratasys.com,
http://blog.stratasys.com and
LinkedIn.

Stratasys, FDM and Fortus are registered trademarks, and PolyJet and the
Stratasys signet are trademarks of Stratasys Ltd. and/or its
subsidiaries or affiliates. STEP technology is a trademark of Evolve
Additive Solutions. All other trademarks are the property of their
respective owners.

Contacts

Stratasys and Evolve Additive Media Contacts
Stratasys
Corporate & North America
[email protected]
+1
518-424-2497
or
[email protected]
+1
952-906-2726
or
Europe, Middle East, and Africa
Jonathan
Wake / Miguel Afonso, Incus Media
[email protected]
+44
1737 215200
or
Greater China, Southeast Asia, ANZ, and India
[email protected]
+
86-21-33196051
or
Japan and Korea
[email protected]
+81
3 5542 0042
or
Mexico, Central America, Caribe and South
America
[email protected]
+52
55 4169 4181
or
Brazil
[email protected]
[email protected]
GP
Communications
+55 (11) 3129 5158
or
For Evolve
Additive Solutions
[email protected]
+1
603-689-4597