David Reis Named CEO of Objet Geometries Ltd.

By Prne, Gaea News Network
Wednesday, March 25, 2009

REHOVOT, Israel - Objet Geometries Ltd., the innovation leader in 3D printing, today
announced that printing technologies pioneer David Reis has been named
President and CEO, effective immediately. He assumes the role from Adina
Shorr, who steps down after six successful years at the company.

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Mr. Reis, who has served on the Objet board since 2001 and is currently
Objet’s Active Vice Chairman, holds a B.A. in Economics and Business
Administration and an MBA from Denver University. Mr. Reis brings to the
company extensive leadership and international management experience. Most
recently, he served as President and CEO of NUR Macroprinters Ltd.

Under Ms. Shorr’s leadership Objet transformed from a startup to a
leading player in the global 3D printing market. In particular, she helped
bring to market numerous new rapid prototyping innovations, including the
Connex500(TM), the first system to allow simultaneous printing of several
materials with different mechanical and physical properties, and the latest
Alaris30, a first-of-its-kind desktop rapid prototyping system.

Elan Jaglom, Chairman of the Board, said: “All of us at Objet extend a
warm welcome to David Reis, whose unparalleled experience, insights and
knowledge of the company will propel Objet to new heights in the 3D printing
industry. We also sincerely thank Adina Shorr for the tremendous
accomplishments during her tenure. Adina will retain an advisory role to the
Objet board in various activities.”

Under Mr Reis, Objet will continue to build on its strategies, leveraging
the momentum already generated to drive Objet’s success through the coming
years.

Despite the challenging economic times, Objet has embarked on several new
strategic projects, including expanding its European and Asia Pacific
presence, the implementation of a worldwide Oracle Enterprise Resource
Planning (ERP) system and the completion of a state-of-the-art resin plant.

About Objet Geometries

Objet Geometries Ltd., (www.objet.com), a pioneer in photopolymer
jetting, develops, manufactures and globally markets ultra-thin-layer,
high-resolution 3-Dimensional printing systems and materials that utilize
PolyJet(TM) and PolyJet Matrix(TM) polymer jetting technologies to print
ultra-thin layers.

The market-proven Eden(TM) line of 3-D Printing Systems and the Alaris30
3-D Printer are based on Objet’s patented office-friendly PolyJet Technology.
Connex500(TM) is based on Objet’s PolyJet Matrix(TM) technology, which jets
multiple model materials simultaneously and creates composite Digital
Materials(TM) on the fly. All Objet systems use Objet’s FullCure(R) materials
to create accurate, clean, smooth and highly detailed 3-dimensional models.

Objet’s solutions enable manufacturers and industrial designers to reduce
cost of product development cycles and dramatically shorten time-to-market of
new products. Objet systems are in use by world leaders in many industries,
such as automotive, electronics, toy, consumer goods, and footwear industries
in North America, Europe, Asia, Australia and Japan.

Founded in 1998, Objet serves its growing worldwide customer base through
offices in USA, Europe and Hong Kong, and a global network of distribution
partners. Objet owns more than 50 patents and patent pending inventions.

Contact:
Lynn Kolevsohn, Objet Geometries
+972-8-931-4432
Lynn_Kolevsohn@2objet.com

Source: Objet Geometries Ltd

Contact: Lynn Kolevsohn, Objet Geometries, +972-8-931-4432, Lynn_Kolevsohn at 2objet.com

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