Stratasys Announces Formation of Vulcan Labs, Inc.

New Company Set to Advance Innovation of Powder-Bed Fusion (PBF)
Additive Manufacturing

Stratasys spin-off tasked with improving quality, repeatability, and
efficiency of PBF-based systems – bringing power of PBF into real-world
production

MINNEAPOLIS & REHOVOT, Israel–(BUSINESS WIRE)–Stratasys
Ltd. (NASDAQ: SSYS), a global leader in applied additive technology
solutions, today announced a new spin-off designed to advance innovation
of Powder-Bed Fusion (PBF) additive manufacturing – Vulcan Labs, Inc.
Vulcan’s solutions are engineered to meet the complex demands of end-use
production applications – aimed at significantly overcoming typical
deficiencies of productivity, quality, and certification. The company’s
primary focus is advancing the quality, repeatability and efficiency of
PBF technology – initially focusing on metals.

Originating from the 2014 acquisition of the production-oriented service
bureau Harvest Technologies, Vulcan Labs is actively collaborating with
application partners to advance technology accessibility and meet the
stringent requirements of production-ready applications. Built as a
standalone entity to harness the qualities of fast-moving
entrepreneurial entities, Vulcan Labs will aim for advancing the rapid
introduction of enhanced PBF-based solutions.

With decades of deep experience across real-world production
applications of both polymers and metals, the company’s management team
includes industry pioneer David K. Leigh. An original Founder and CEO of
Harvest Technologies, Mr. Leigh is considered a market leader with deep
additive manufacturing expertise specifically aligned with end-use parts
applications in the most demanding industries, including: Aerospace,
Defense, Automotive, Oil & Gas and more.

Designed towards advancing PBF platforms to achieve end-use production
applications and now targeting metals, Vulcan Labs’ quality-focused
solutions are currently being developed to include:

• Optimized build environments and unique multi-laser scan strategies
• Closed loop melt pool quality control
• Detailed Data Logging and Integration to the factory floor
• Automated powder handling and in-situ powder quality characterization
• Automated calibration and build set-up capabilities

“We’re extremely excited to continue our long-standing collaboration
with Stratasys that began back in 2014. Together, we’ll continue to
explore unique solutions that strengthen the production ecosystem across
additive manufacturing,” said David K. Leigh, CEO of Vulcan Labs, Inc.
“Our team will bring a unique perspective to solving many of the issues
from an end-user perspective. We’re looking forward to delivering new
solutions for customers to take control of their applications, while
having the tools in place to manage their own quality.”

“Vulcan’s best-in-class team has both the experience and technical
know-how necessary to bring PBF into real-world production – a vision
perfectly aligned and complementary to our other activities in this
space, including Stratasys Direct Manufacturing and our investment in
LPW,” said Stratasys CEO, Ilan Levin. “To provide Vulcan with the best
path to achieve its vision, we decided to form a new and independent
entity, with Stratasys as an equity stakeholder. We are delighted to
continue supporting this team and look forward to collaborating with
them and their partners to achieve this vision.”

In the coming months, Vulcan will engage with partners and customers to
evaluate and further develop Vulcan’s solutions. Parties interested in
joint development opportunities are encouraged to contact Vulcan
Labs.

Vulcan Labs, Inc. is the result of a spin-off of Stratasys’
incubation activities and is located in Belton, TX. Vulcan aims to
develop production-focused solutions based on Powder Bed Fusion
technology that assist in increased build efficiency, quality
verification, and factory floor integration. For more information,
please visit www.vulcan-labs.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 is a registered trademark and the Stratasys signet is a
trademark of Stratasys Ltd. and/or its subsidiaries or affiliates. All
other trademarks are the property of their respective owners.

Contacts

Stratasys and Vulcan Labs Media Contacts
Stratasys
Corporate & North America
[email protected]
+1
518-424-2497
[email protected]
+1
952-906-2726
or
Europe, Middle East, and Africa
Incus
Media
Jonathan Wake / Miguel Afonso
[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
GP Communications
[email protected]
[email protected]
+55
(11) 3129 5158
or
For Vulcan Labs, Inc.
[email protected]
+1
254-613-1711