DSSP software acceptance boosts Geomagic revenues

Positive market adoption of competitive digital shape sampling and processing software has awarded Geomagic its highest quarterly revenues in the company's history - up 38%.

Geomagic, a worldwide software and services firm headquartered in Research Triangle Park, North Carolina, has 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% over the same quarter in FY2005.

Fiscal year-to-date revenues increased by 38% 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," said 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.

Customised products can be produced quickly and cost-effectively, offering a competitive edge that has the potential to bring high-quality manufacturing back to industrialised 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 organisations or by their partners, competitors and counterparts in other industries," said Jim Johnson, vice president of sales for Geomagic.

"Multi-seat orders are becoming the norm as Geomagic products are integrated into mainstream production processes." * About Geomagic - Geomagic software enables engineers and designers to transform scan data from physical objects into highly accurate digital models for applications ranging from ensuring the NASA space shuttle Discovery's safe return, to reconstruction of legacy parts and molds for Harley-Davidson motorcycles, to new processes that speed quality inspection for companies such as Schneider Electric and Howmet/Alcoa.

More than 4,000 professionals in industries such as automotive, aerospace, medical devices and consumer products use Geomagic software and services.

Geomagic has headquarters in Research Triangle Park, North Carolina, USA, subsidiaries in Europe and Asia, and distributors worldwide.

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