Daily Archives: March 20, 2017

3D Systems’ New Dental Manufacturing Platform Accelerates Shift to Digital

Revolutionary Figure 4 platform combined with NextDent materials delivers disruptive total cost of operations from chair-side to labs

CHICAGO, March 20, 2017 (GLOBE NEWSWIRE) — 3D Systems (NYSE:DDD) today unveiled a next-generation additive manufacturing platform, based on the company’s Figure 4 technology and NextDent materials, that delivers better, faster and more predictable patient treatments with disruptive total cost of operations that can revolutionize the multibillion-dollar dental industry.

The company expects the new platform will be able to achieve improvements of up to 10 times in total cost of operations, along with significantly reduced fabrication times and far less material waste.

3D Systems has deep domain expertise in the dental market, including many years of leadership in the aligner category, and is well-positioned to lead the next evolution of the dental industry. This is a direct result of the company’s multi-year development efforts of the Figure 4 printer technology, combined with the acquisition of NextDent’s portfolio of 12 clinically effective materials with regulatory approvals in over 70 countries.

“Traditional milling machines only mill one crown at a time, making the process slow, ineffective and costly,” said Vyomesh Joshi (VJ), President and CEO, 3D Systems. “Today’s announcement is game changing. Our system can print 20 – 30 crowns in fewer than 15 minutes, which is the same time it takes most milling solutions to produce just one single crown.”

3D Systems will offer a modular printer platform that can enable smaller labs to cost-effectively produce thousands of crowns or other dental products per year, while providing fully automated solutions for larger labs producing more than 1 million crowns or other dental indications per year. The company plans to begin shipping in the fall of 2017.

Demonstrations of 3D Systems’ transformative solutions for digital dentistry will be featured at the International Dental Show (IDS) 2017, in Cologne, Germany, March 21-25, in the 3D Systems (Hall 3.1, booth M059), NextDent (Hall 4.1, booth E011) and 3Shape (Hall 4.2, booths L090, N091 and N090) displays at the Koelnmesse.

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 managements 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.  These risks and uncertainties include, but are not limited to: the ultimate timing, outcome and results of integrating the operations of Vertex-Global Holding B.V.; the effects of the business combination of 3D Systems and Vertex-Global Holding B.V., including the combined company’s future financial condition, results of operations, strategy and plans; expected synergies and other benefits from the proposed transaction and the ability of 3D Systems to realize such synergies and other benefits. 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 the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.

About 3D Systems
3D Systems provides comprehensive 3D products and services, including 3D printers, print materials, on demand manufacturing services and digital design tools. Its ecosystem supports advanced applications from the product design shop to the factory floor to the operating room. 3D Systems’ precision healthcare capabilities include simulation, Virtual Surgical Planning, and printing of medical and dental devices as well as patient-specific surgical instruments. As the originator of 3D printing and a shaper of future 3D solutions, 3D Systems has spent its 30 year history enabling professionals and companies to optimize their designs, transform their workflows, bring innovative products to market and drive new business models.

More information on the company is available at www.3dsystems.com

Investor Contact:	
Stacey Witten
Email: [email protected]com

Media Contact: 	
Diane Parrish
Email: [email protected]

3D Systems Unveils Industry’s First Scalable, Fully-Integrated Additive Manufacturing Platform

  • New platform will transform production of mass customized and complex end use parts while meeting durability and repeatability requirements of production environments
  • First shipment made to Fortune 50 industrial company

CHICAGO, March 20, 2017 (GLOBE NEWSWIRE) — Delivering on its strategy to transform 3D manufacturing workflows, 3D Systems (NYSE:DDD) today announced the industry’s first modular, scalable and fully-integrated additive manufacturing platform.  3D Systems’ disruptive Figure 4 production platform produces plastic parts more than 50 times faster than current systems, delivering dramatically lower total cost of operations while offering competitive and compelling comparisons to conventional methods.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4d3900cc-7a84-4f8c-83e2-437897af7887

Based on its revolutionary Figure 4 technology, 3D Systems’ new platform allows customers to tailor configurations and select materials to address specific applications.  Configurations range from single-print engine machines to fully automated, high-volume production systems with 16 or more print engines, automated material delivery and integrated post-processing.

The company recently shipped the first system to a Fortune 50 industrial customer, and plans to ramp customer-specific shipments throughout the second half of 2017.

“We believe our breakthrough Figure 4 platform will revolutionize manufacturing by transforming production of both mass customized and complex end use parts with a compelling total cost of operations versus conventional methods,” said Vyomesh Joshi (VJ), President and CEO, 3D Systems. “While others are realizing the need to transition from prototyping to production, we are delivering real solutions across all key vertical markets and applications that are helping customers solve problems today.”

Illustrative Example – Figure 4 vs. Traditional SLA*
Figure 4 Production Configuration with 16 Print Engines Improvement
Printers Required 225 x Fewer
Annual Throughput Per Printer (prints) 225 x Higher
Facility Floor Space (sq ft) 26 x Lower
Printer Upkeep Labor 45 x Lower
Labor Cost 4 x Lower
Initial Investment 23 x Lower
TCO – 5 Years, Full Fleet 3.5 x Lower
Part (1 million units per year) Improvement
Cost Per Part (in dollars) 71 % Lower
Average Print Time Per Part (in hours) 14.1 x Faster
Material Waste (in grams) 1.5 x Lower
  • Fewer printers with better throughput result in lower investment and higher material utilization.
  • Cost per Figure 4 produced parts approximately 30% of traditional SLA.

As part of its vertical strategy, 3D Systems will unveil one of its initial solutions for the multibillion-dollar dental industry based on the Figure 4 platform and its NextDent materials. Customers will be able to see the solution at the International Dental Show (IDS) 2017, in Cologne, Germany, March 21-25.

Over time, the company intends to extend the Figure 4 platform application by application to meet specific customer needs across healthcare, aerospace, automotive and durable goods industries.

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 the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.

About 3D Systems

3D Systems provides comprehensive 3D products and services, including 3D printers, print materials, on demand manufacturing services and digital design tools. Its ecosystem supports advanced applications from the product design shop to the factory floor to the operating room. 3D Systems’ precision healthcare capabilities include simulation, Virtual Surgical Planning, and printing of medical and dental devices as well as patient-specific surgical instruments. As the originator of 3D printing and a shaper of future 3D solutions, 3D Systems has spent its 30 year history enabling professionals and companies to optimize their designs, transform their workflows, bring innovative products to market and drive new business models.

More information on the company is available at www.3dsystems.com

* Figures included in table are estimates based on the results of 3D Systems’ tests conducted in a laboratory setting.

Investor Contact:
Stacey Witten
Email: [email protected]com

Media Contact:
Diane Parrish
Email: [email protected]

TOMI Environmental Solutions, Inc. Completes $5.3 Million Private Placement Funding Led by Institutional Funds Based in Hong Kong

BEVERLY HILLS, Calif., March 20, 2017 (GLOBE NEWSWIRE) — TOMI Environmental Solutions, Inc. (“TOMI”) (OTCQX:TOMZ), a global decontamination and infection prevention company that specializes in disinfection/decontamination sales and services, including the manufacturing, sale and licensing of its SteraMist, a hydrogen peroxide-based mist/fog that is registered with the U.S. Environmental Protection Agency (“EPA”), announced today that it raised gross proceeds of $5.3 million in a private placement transaction (the “Financing”). TOMI will use the proceeds from the Financing for research and development, international product registration, expansion of its internal sales force, marketing, public relations, expansions of its EPA label and for working capital and general corporate purposes.

In connection with the Financing, TOMI issued senior callable convertible promissory notes (the “Notes”) with an aggregate principal amount of $5.3 million. The Notes mature on August 31, 2018, unless earlier redeemed, repurchased or converted. The Notes are convertible at any time by the holder into common stock at a conversion price of $0.54 per share. From and after September 1, 2017, TOMI may redeem the Notes at any time prior to maturity at a price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest as of the redemption date. Interest on the Notes is payable semi-annually in cash on February 28 and August 31 of each year, beginning on August 31, 2017, at a rate of 4 percent per annum.

In addition, TOMI issued three-year warrants (the “Warrants”) to purchase up to an aggregate of 833,333 shares of common stock at an exercise price of $0.69 per share. If the Warrants are converted in full, TOMI would receive approximately $575,000 in additional funds.

The securities sold in the Financing have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from such registration requirements.

This press release has been issued pursuant to Rule 135c under the Securities Act and does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state.

The funds that purchased a majority of the principal outstanding under the Notes are: AP Asia Absolute Return Master Fund Limited, AP Asia Alpha Strategy Master Fund, Kalix Fund Limited and Light & Salt Fund SP.

About TOMI Environmental Solutions, Inc.
TOMI Environmental Solutions, Inc. (OTCQX:TOMZ) is a global decontamination and infection prevention company, providing eco-friendly environmental solutions for indoor surface disinfection through manufacturing, sales and licensing of its premier Binary Ionization Technology® (BIT™) platform, which was invented under a defense grant in association with the Defense Advanced Research Projects Agency (DARPA) of the U.S. Department of Defense. BIT™ uses a low percentage Hydrogen Peroxide as its only active ingredient to produce a hydroxyl radical (OH ion) and is represented by the TOMI™ SteraMist™ brand of products, which produce a germ-killing aerosol that behaves like a gas.

TOMI’s products are designed to service a broad spectrum of commercial structures including hospitals and medical facilities, cruise ships, office buildings, hotel and motel rooms, schools, restaurants, for non-food safety in meat and produce processing facilities, military barracks, and athletic facilities. TOMI’s products and services have also been used in single-family homes and multi-unit residences.

TOMI also develops training programs and application protocols for its clients and is a member in good standing of The American Biological Safety Association, The American Association of Tissue Banks, Association for Professionals in Infection Control and Epidemiology, Society for Healthcare Epidemiology of America and The Restoration Industry Association. For additional information, visit www.tomimist.com or contact us at [email protected].

About AP Asset Management (HK) Limited
AP Asset Management (HK) Limited (“APAM”) is the investment manager of both the AP Asia Absolute Return Master Fund Limited and the AP Asia Alpha Strategy Master Fund. APAM specializes in equity long/short, absolute return strategies to capitalize on Asia’s and China’s economic growth.

About Kalix Fund Limited
The investment objective of the Sub-Fund is designed to bring investors attractive risk-adjusted returns with a variety of strategies. The Sub-Fund may entail an above-average risk and is only appropriate for persons who can accept the possibility of capital losses. The directors of the Sub-Fund however will seek to minimize such risks by a strict risk management and an adequate spreading of the risks involved.

About Light & Salt Fund SP
The investment approach of Light & Salt Fund SP is fundamental driven, non-index tracking with a focus on mid-to-large cap Pan-Asia Pacific focused companies. Light & Salt Capital Management Limited (“L&S”) is a company incorporated and based in Hong Kong. L&S acts as an independent wealth management platform which provides solutions for its clients’ various investment needs. L&S’s approach to asset management is to actively manage its clients’ assets using a process driven by investment discipline. Its mission is to offer quality relationships based on trust, performance and the sharing of common goals.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Certain written and oral statements made by us may constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). Forward-looking statements are identified by such words and phrases as “we expect,” “expected to,” “estimates,” “estimated,” “current outlook,” “we look forward to,” “would equate to,” “projects,” “projections,” “projected to be,” “anticipates,” “anticipated,” “we believe,” “could be,” and other similar phrases. All statements addressing operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. They are forward-looking, and they should be evaluated in light of important risk factors that could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. We undertake no obligation to update these forward-looking statements after the date of this release.

MEDIA RELATIONS CONTACT
Paul Varga
Marketing and Public Relations Manager
(301) 628-2831
[email protected]

Mushroom Networks and APAC IT Services Leader XPossible Partner to Provide High-Performance Internet Access

SD-WAN Innovator and Services Firm to Leverage Broadband Bonding Technology Across APAC

SAN DIEGO, March 20, 2017 (GLOBE NEWSWIRE) — Mushroom Networks, an innovator in Broadband-Bonding and Software-Defined Wide Area Networking (SD-WAN) platforms, today announced that leading IT services firm XPossible Technologies, Inc., has selected Mushroom Networks as a critical technology partner. XPossible provides easily integrated solutions to hotels and enterprises to provide easy, high-performance Internet access. Serving the Asia PAC region, XPossible develops technology platforms that make accessing the Internet convenient and easy for everyone from everywhere.

“I am one satisfied customer,” said Henry Sitoasta, XPossible’s Officer-in-Charge at the Charter House. “With Mushroom Networks’ Truffle platform, I can easily check whenever something is wrong with our branch network, be it an issue with my line connection, my Internet provider, or a problem on the access point. Additionally, allocation of bandwidth per customer is very easy to manage, which is critical for our business.”

XPossible makes extensive use of the Truffle SD-WAN Orchestration and Broadband Bonding appliance, which enables cost-effective and self-healing Internet access for businesses, enterprise branch offices, hotels and other multi-tenant buildings. Truffle load balances and intelligently orchestrates up to four (or optionally as many as eight or twelve) Internet lines to increase performance and up-time of applications and services that run over the Internet. Several T-1, DSL, cable modem, MPLS, metro-Ethernet or fiber services from different ISPs can be aggregated to provide increased bandwidth. Truffle provides a quick Return on Investment (ROI) and lower operating expenses. The payback period on the investment is often less than 6 months.

Cahit Akin, CEO of Mushroom Networks, said, “Truffle is an industry leading example of how SD-WAN technology can provide more efficient and cost-effective solutions to today’s IT departments, as well as the channel providers that serve them.”

As businesses begin to recognize the WAN as the primary performance bottleneck for cloud services and Internet connectivity, there has been a shift away from carrier-managed private networks like MPLS as the sole connectivity resource, due to hosted applications as well as lower cost and higher bandwidth availability. More and more businesses are looking to Managed Service Providers (MSPs) and distributors/VARs for solutions that enable them to remotely and easily manage multiple locations with disparate connectivity. Mushroom’s channel partner programs include a wide range of SD-WAN and Broadband Bonding solutions for various vertical markets and are available for qualified resellers and service providers worldwide.

About Mushroom Networks
Mushroom Networks, Inc., is a privately held company based in San Diego, CA, providing patent pending Broadband Bonding solutions to a range of Internet connection applications. The company’s flagship product line serves SMBs, enterprises, multi-tenant buildings, and broadband service providers and bonds dissimilar broadband access technologies forming a single highly reliable broadband pipe that can easily scale based on needs. Mushroom Networks was the winner of the 2015 Most Innovative Product award by CONNECT, finalist for the coveted 2012 San Diego Business Journal Innovation Award, winner of the XCHANGE Tech Innovators Xcellence Award, and winner of the 2008 CONNECT® ‘Most Innovative New Product’ award, Network World’s “top technology trend of 2008” award. For more information, please visit https://www.mushroomnetworks.com or call (858) 366-9255.

Media Contact:
Jay Nichols
Mushroom Networks, Inc.
[email protected]
Tel: (858) 366-9255 ext 6039

Buddhist Authorities in Myanmar Warn Outspoken Monk to Adhere to Ban on Public Sermons

Religious authorities in Myanmar's Mandalay have warned the outspoken and controversial leader of an ultranationalist Buddhist movement to not give sermons under a one-year ban on making public speeches because of his repeated hate speech and anti-Muslim rhetoric, a religious official said Monday.

The Mandalay Sangha Maha Nayaka Committee informed Wirathu, vice chairman of the Ma Ba Tha Buddhist organization, that if he does not follow an order issued by the State Sangha Maha Nayaka (Ma Ha Na), it will take action against him, committee secretary Razeinna told RFA's Myanmar Service.

The State Ma Ha Na is a government-appointed body of high-ranking Buddhist monks that oversees and regulates the Buddhist clergy in Myanmar.

On March 10, the Ma Ha Na barred Wirathu, who frequently speaks out against Muslims, from making public speeches for one year because he "repeatedly delivered hate speech against religions to cause communal strife and hinder efforts to uphold the rule of law," according to a statement issued by the religious body.

The statement did not state what punishment he would receive for violating the ban.

"We called U [honorific] Wirathu and read him the order from the State Sangha Maha Nayaka Committee's order and asked him to sign that he is aware of it because he said he didn't know the committee had banned him from making sermons," said Razeinna.

"We told him that we will take action against him if he doesn't follow the order from the State Sangha Maha Nayaka," he said.

After the ban was issued, Wirathu attended sermons in Ayarwaddy and Mandalay regions and northern Myanmar's Kachin State where he stood with his mouth taped shut in protest against the order.

Ma Ba Tha has called the ban on sermons unconstitutional and has demanded an explanation for the decision.

Wirathu supporter's defamation lawsuit

In a related development, a Yangon resident has filed a defamation lawsuit against the chief editor of the independent online news service Myanmar Now, a lawyer representing the journalist told RFA on Monday.

Thet Myo Oo filed the lawsuit against Swe Win at Kyauktada Township court under Section 295(a) of Myanmar's Penal Code, said Khin Maung Myint, Swe Win's lawyer.

Section 295(a) prohibits "deliberate and malicious acts intended to outrage religious feelings of any class by insulting its religion or religious beliefs."

The court has referred the case to the township police station to investigate, Khin Maung Myint said.

Swe Win faces a maximum of three years in prison if convicted.

In a Feb. 28 Facebook post, Swe Win criticized Wirathu for praising the brutal murder of Ko Ni, a prominent Muslim lawyer and critic of Myanmar's powerful military, accusing him of committing "a major violation of parajika [the Buddhist monastic code]."

Wirathu demanded an apology from Swe Win within seven days, and Kyaw Myo Shwe, a Ma Ba Tha member and follower of Wirathu, filed a lawsuit under Article 66(d) of the Telecommunications Law, accusing him of defaming the monk.

Article 66(d) prohibits use of the telecom network to defame people and carries a jail sentence of up to three years and a fine for those who violate it.

Kyaw Myo Shwe withdrew the complaint earlier this month after being pressured by his family to do so.

Now Kyaw Myo Shwe himself is being sued for defamation under Article 66(d) by a woman who claims he posted insulting comments about Myanmar's de facto leader Aung San Suu Kyi on his Facebook page.

Kyaw Myo Shwe faces a maximum of three years in prison if convicted.

At least 43 cases have been filed under Article 66(d) since March last year, when the current government came to power.

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