INDUSTRY

Geomagic a worldwide software and services firm headquartered in Research Triangle Park, North Carolina, today reported its highest quarterly revenues in the company's history. This record-breaking profit is the result of positive market adoption of its competitive digital shape sampling and processing (DSSP) software among design and manufacturing sectors. In the second quarter of FY2006 ending December 31, 2005, Geomagic set sales records with license revenues increasing 43 percent over the same quarter in FY2005. Fiscal year-to-date revenues increased by 38 percent over the previous year. The strong performance was achieved worldwide, with Asia, Europe and Americas markets performing at record levels. "Record earnings show that we have succeeded in our worldwide growth strategy, and that our successful product enhancements are delivering significant return on investment for our customers," says Ping Fu, Geomagic president and chief executive officer. "Enabling companies to transform and streamline their design, engineering, inspection and manufacturing processes has driven our growth. Customized products can be produced quickly and cost- effectively, offering a competitive edge that has the potential to bring high-quality manufacturing back to industrialized nations." New versions of Geomagic Qualify (computer-aided inspection software) and Geomagic Studio (reverse-engineering software) brought Geomagic increased momentum in core markets such as automotive, aerospace, turbine, medical and dental. The largest growth - in triple digits - has been in the sales of its Qualify software product, with sales of its Studio product also exceeding prior earnings. "During the past year, word-of-mouth has spread, as manufacturers see the real value being generated within their own organizations or by their partners, competitors and counterparts in other industries," says Jim Johnson, vice president of sales for Geomagic. "Multi-seat orders are becoming the norm as Geomagic products are integrated into mainstream production processes."