3D Systems & Stewart-Haas Racing Accelerate Innovation with Multi-year Partnership

• Three-year technical partnership intended to catalyze Stewart-Haas Racing’s engineering prowess for competitive advantage
  
• 3D Systems’ solutions enable rapid design, testing, and production of critical components to increase speed, improve performance

ROCK HILL, S.C. and KANNAPOLIS, N.C., Jan. 25, 2023 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) and Stewart-Haas Racing, today announced they have entered a technical partnership built for victory. The championship-winning NASCAR team has relied on 3D Systems’ ProX^® 800 stereolithography and Figure 4^® Standalone 3D printers to dramatically improve speed and performance in its racecars. With the help of 3D Systems and this three-year technical partnership, Stewart-Haas Racing can rapidly create durable parts, including design and prototyping with faster iteration, and production. This approach will enable the team to win not only on race days, but win the innovation race. 

For a NASCAR team, perfecting automotive components designed to increase speed and performance is a vital ingredient for success. Stewart-Haas Racing uses the ProX 800 to rapidly design and produce large aerodynamic components with a smooth surface finish and precise dimensional accuracy for wind tunnel testing. Stewart-Haas Racing relies on 3D Systems’ Figure 4 Standalone for the direct production of TV camera, pit gun, and pit cart components along with other prototype parts. Oqton’s Geomagic Wrap^® 3D scanning and imaging software is integral to their manufacturing workflow to collect scan data from the car components, process it, and create digital design files for shape deviation comparison. Additionally, 3D Systems’ 3D Sprint^® software is used to prepare and optimize the CAD data and manage the additive manufacturing process on both 3D printers.

“At Stewart-Haas Racing, it is important that we have a technical partner like 3D Systems to provide the tools we need to develop components that ultimately increase the speed of our racecars,” said Reneau Van Landingham, production manager, Stewart-Haas Racing. “The Pro X 800 and the Figure 4 printers enable us to print very large and very small, accurate, smooth-surface finish parts as quickly as possible. The speed in which we can design the component, print it, and test it in the wind tunnel is our most valuable resource to making our cars faster at the racetrack. The materials that are available for these machines enable us to print a range of prototype parts and track capable parts for our cars. I am confident that this technical partnership between 3D Systems and Stewart-Haas Racing will enable both companies to win in the additive manufacturing space and on the racetrack.”

“As part of our work within motorsports, 3D Systems understands how critical speed is — not just on the track, but in technical development to improve car performance,” said Reji Puthenveetil, executive vice president, industrial solutions, 3D Systems. “By partnering with Stewart-Haas Racing, we are able to combine their capabilities with the benefit of 3D Systems’ advanced materials and printing technology to develop competitive advantages for them — on and off the track."

Stewart-Haas Racing and 3D Systems will first appear together in the season-opening NASCAR Xfinity Series race February 18 at Daytona (Florida) International Speedway with the 3D Systems logo on the No. 00 Ford Mustang driven by Cole Custer.

Forward-Looking Statements
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or revise any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.

About 3D Systems
More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction - empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials, and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in healthcare and industrial markets such as medical and dental, aerospace & defense, automotive, and durable goods. More information on the company is available at www.3dsystems.com.

About Stewart-Haas Racing
Stewart-Haas Racing is the title-winning NASCAR team co-owned by three-time NASCAR Cup Series champion Tony Stewart and Gene Haas, founder of Haas Automation – the largest CNC machine tool builder in North America. The Kannapolis, North Carolina-based organization has won two NASCAR Cup Series titles, one NASCAR Xfinity Series championship and more than 90 NASCAR races, including such crown-jewel events as the Daytona 500, Brickyard 400 and Southern 500. For more information, please visit us online at StewartHaasRacing.com and on social at Facebook, Twitter, Instagram, TikTok, YouTube and LinkedIn.

Investor Contact: investor.relations@3dsystems.com	Media Contact: mike.arning@truespeedcommunication.com
Media Contact: press@3dsystems.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/63eac7f0-fd1b-499a-8093-f672cb1fde83