FRIEDRICHSDORF, Germany, Feb 25, 2021 – Maxon has announced its extensive lineup of 2021 events for content creators working in 2D, 3D, motion design, VFX and visualization. In addition to participating in mainstay industry events like SIGGRAPH, NAB, and IBC, Maxon will continue with their popular free online showcase, the 3D & Motion Design Show, the first of which will take place on March 17, 2021.

The 3D & Motion Design Shows will continue to feature presentations from expert motion graphics and VFX artists showcasing professional 3D techniques and real-world production workflows using Maxon’s Cinema 4D, Redshift and the Red Giant product lines. Presentations from each event will be streamed live and will be available online shortly after airing on 3DMotionShow.com as well as the Maxon YouTube channel.

Maxon also hopes to make its return to in-person trade shows, including the IBC Show in Amsterdam (September 10-13) and NAB in Las Vegas (October 10-13). Should these industry tentpole events take place in person, Maxon will broadcast its 3D & Motion Design Show presentations live from the show floor on 3DMotionShow.com. In the event travel restrictions remain in place, Maxon will present fully virtual events.

“Though we’ve certainly missed seeing our colleagues, friends, and peers at the in-person events, we were quite humbled by the success and demand for our virtual events in 2020,” says Maxon CEO, David MacGavran. “We are excited to announce our 3D & Motion Design Show lineup for 2021 with informative, new recurring segments for added value and entertainment. We hope these virtual events continue to provide our community with helpful workflow tips and with any luck, we will soon be able to get together and continue these in person as well.”

The 3D and Motion Design Show kicks-off on March 17th, 2021 at 8:30 a.m. PDT / 11:30 a.m. EDT. Presenters Include:

1. Athanasios Pozantzis, a.k.a. “Noseman”, is a Cinema 4D Master Trainer, tutor, and creator of educational content for Maxon products, particularly Cinema 4D.
2. Daniel “Hashi” Hashimoto, AKA “Action Movie Dad”, is Senior Content Creator at Maxon and producer of the ever-popular “Cheap Tricks” and other VFX tutorials.
3. Jonas Pilz is Product Marketing Specialist, Cinema 4D evangelist and Master Trainer at Maxon. Previously as a freelance 3D generalist, he created visualizations and animations for designated industrial clients and television with Cinema 4D.
4. Elly Wade, is a UK-based expert trainer and self-taught Cinema 4D artist who loves to set up fast ways to create beautiful mograph designs, with quick workflows for combining them with After Effects.

New Segments for the 2021 3D & Motion Design Shows:

1. Toronto-based master trainer Athanasios “Noseman” Pozantzis will be returning with a new regular segment – “Knowsman Nose” – where he will share his knowledge to help users develop expert techniques and workflows for Cinema 4D.
2. A new regular “Simon Says” segment where Simon Walker, Director of Training at Maxon, will share his favorite tips and techniques for the Red Giant range of post production plug-ins and software.
3. Industry luminaries Mike “Beeple” Winklemann and Andrew Kramer will be making appearances throughout the year. Actual dates TBD.
4. A taste of this year’s amazing lineup of presenters includes Blake Kathryn, Andy Lefton, Bryan Coleman, Nicole Ruggiero, Jake Ferguson and Joel Thomas.

Maxon Event Calendar:The Maxon event calendar for March through December 2021 includes:

1. February 25: Vertex , London*
2. March 12-13: Forward Festival Munich*
3. March 17: The 3D and Motion Design Show
4. April 13-15: The 3D and Motion Design Show
5. May 4-6: FMX, Stuttgart*
6. May (date TBC): Forward Festival Berlin
7. May 19: The 3D and Motion Design Show
8. June 16: The 3D and Motion Design Show
9. July 1-2: Forward Festival, Hamburg
10. July 21: The 3D and Motion Design Show for Siggraph*
11. August 18: The 3D and Motion Design Show
12. August 24-28: D2 Conference, Vienna
13. September 9-13: Ars Electronica, Linz
14. September 10-14: The 3D and Motion Design Show for IBC
15. October 7-8: Forward Festival Vienna
16. October 10-13: The 3D and Motion Design Show for NAB
17. November 17: The 3D and Motion Design Show
18. December 8: The 3D and Motion Design Show
19. December 12-13: CG Event, Moscow

*These shows have already announced that they are unable to conduct an in-person event this year and will instead take place virtually via livestream.

All of Maxon’s virtual events will be streamed live on the 3D & Motion Design Show website and viewers can also sign up there to receive notifications of upcoming shows and promotions.

The 3D and Motion Design Show is supported by the generous sponsorship of Maxon’s partners Dell, Insydium and Toolfarm.

About Maxon

Maxon makes powerful yet approachable software solutions for content creators working in 2D and 3D design, motion graphics, visual effects, and visualization. Maxon’s innovative product portfolio helps artists supercharge their creative workflows. Its product lines include the award-winning Cinema 4D suite of 3D modeling, simulation, and animation technology, the diverse Red Giant lineup of revolutionary editing, motion design, and filmmaking tools, and the high-end production, blazingly fast Redshift rendering solutions.

Maxon’s team is comprised of fun, passionate people who believe in building and empowering a successful artistic community. From its popular, inclusive events to its free Cineversity educational resources, Maxon recognizes that developing strong connections with creatives and fostering their professional growth is integral to Maxon’s ability to stay on top of industry trends and better serve their customers.

Maxon is part of the Nemetschek Group.

About Nemetschek Group

The Nemetschek Group is a pioneer for the digital transformation in the AEC industry. With its software solutions, it covers the complete life cycle of building and infrastructure projects and guides its customers into the future of digitalization. As one of the world’s leading corporate groups, the Nemetschek Group increases quality in the construction process and improves the digital workflow of all those involved in the construction process. Leveraging the software, buildings can be planned, built and operated more efficiently, sustainably and in a resource-saving manner. The focus of the Nemetschek Group is on the use of open standards (OPEN BIM). The portfolio also includes digital solutions for visualization, 3D modeling and animation. The innovative products of the 16 brands in the four customer-oriented divisions are used by approximately six million users worldwide. Founded by Prof. Georg Nemetschek in 1963, the Nemetschek Group today employs more than 3,000 experts.

Publicly listed since 1999 and quoted on the MDAX and TecDAX, the company achieved revenue in the amount of EUR 556.9 million and an EBITDA of EUR 165.7 million in 2019.

Invitation

MARLBOROUGH, MA, USA, Feb 25, 2021 – Kubotek3D, a leading supply chain software provider, announced the 3.1 release of the Kubotek K-Compare and K-Display software products. This release provides updates to CAD file translators, user interface improvements, and several new functions.

Updated CAD Translators

Reading of 3D CAD files across all 3.1 Kubotek software programs has been updated to support the latest versions of five major CAD file formats:

1. Siemens NX 1946
2. Siemens Solid Edge 2021
3. Dassault CATIA V6 R2021x
4. Dassault SolidWorks 2021
5. JT 10.5 (ISO 14306)

Additionally, support for the Solid Edge sheet metal file format PSM has been added to each product.

K-Compare Enhancements

The 3.1 release of K-Compare Validate has added support to compare derivative STL models to the original authority CAD model within a specified tolerance. This capability is important for aerospace suppliers ability to validate translations necessary in additive manufacturing processes.

Both K-Compare products have improved interface to quickly compare a selected subset of files from within a large assembly.

K-Display Enhancements

A new Move option has been added in 3.1 which allows selected entities to be temporarily moved and/or rotated in space using a 3D DynaHandle to provide unobstructed view of entities behind it. K-Display users analyzing mesh files such as STL or CGR (or mesh objects from STEP, etc.) can now measure the volume and other mass properties of the mesh.

K-Display Convert also now supports writing to the STEP AP 242 file format and include graphical PMI objects such as GD&T definitions.

About Kubotek3D

Kubotek3D empowers the supply chain with the right design information by delivering core precision 3D technologies and easy-to-use software products. This strategy allows geometry, no matter where it originated, to be used to speed time to market, reduce costs and improve quality. Kubotek3D is a division of Kubotek USA, Inc., a wholly owned subsidiary of Kubotek Corporation (7709.T Tokyo Stock Exchange). Kubotek Corporation was founded in 1979 and is headquartered in Osaka, Japan. For more information, visit www.kubotek3d.com.

TROY, MI, USA, Feb 24, 2021 – Altair, (Nasdaq: ALTR) a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing (HPC), and artificial intelligence (AI), today announced that it has acquired Flow Simulator from GE Aviation. Flow Simulator is an integrated flow, heat transfer, and combustion design software, which enables mixed fidelity simulations to optimize machine and systems design.

CAD-integrated 3D flow network model designed in Flow Simulator to solve challenging thermal management problem of an aerospace engine under cowl

As part of the acquisition, Altair and GE Aviation have signed a memo of understanding (MOU) to facilitate a higher level of collaboration and establish a long-term strategic partnership. The relationship will include Altair’s continuous development of Flow Simulator; granting GE Aviation access to Altair’s complete software suite to explore enhanced functionality aligned to real-world use cases and workflows; and ongoing executive engagement between both parties to establish deeper strategic alignment and pursue new ventures.

CAD integrated flow network model of a gas turbine combustor designed in Flow Simulator

“We successfully collaborated with GE Aviation for many years on several initiatives including rotor dynamics using Altair OptiStruct, which opened doors for new opportunities to work together. We value our strong relationship with GE Aviation as we join forces to drive innovation for aircraft engines and beyond,” said James R. Scapa, founder and chief executive officer, Altair. “Utilizing Altair’s simulation and AI-driven approach to innovation, there is great potential to expand Flow Simulator’s capabilities and make it available to new industries focused on simulating systems models including automotive, electromobility, battery, defense, and renewable energy.”

“Altair will bring Flow Simulator’s capability to simplify the modeling of complex thermal systems to new industries. This will expand global technical capabilities,” explains Arjan Hegeman, senior executive – Technology, GE Aviation. “Concurrently, GE Aviation and Altair will continue developing Flow Simulator together, with even more advanced simulation technologies and design tools that will continue to expand its capabilities for a broader base of users.”

System-level design has become increasingly critical as organizations are tasked with simulating complex duty cycles. Fast software solutions like Flow Simulator are needed to model an entire system, including rapid iteration concept modeling and understanding of system simulation and system behavior in applications such as rotating machinery design, electromobility, wind turbines, heat exchangers, and virtually anything that encompasses thermal management.

GE Aviation developed Flow Simulator to serve as a fast flow network simulator for aircraft engines – simulating how an entire flight cycle would behave in the real world, from runway and take off to flight and landing. Since its inception, it has been used to simplify modeling for a variety of complex thermal systems applications, including healthcare, locomotives, and renewable energy. Prior to acquiring the technology, Altair was a commercial distributor of Flow Simulator, which was available through the Altair Partner Alliance (APA).

Key features of Flow Simulator include:

1. Fully-coupled flow/thermal network modeling – An extended library of preconfigured elements and components leveraging a large set of publicly-available experimental data for pressure drop and heat transfer characteristics.
2. Control system module – Proportional integral derivative (PID) controllers, feedforward, and missions can be integrated with flow/heat transfer models to optimize the simulated-machine operation during cycle/mission analysis.
3. Optimization module – Monte Carlo, Optimal Latin Hypercube, and N-factorial analyses quickly explore the entire design space of a 3D modeling environment. An analytical model can be parametrized based on flow configuration, shape, dimension, and thermal characteristics to achieve an optimal cost-benefit design.
4. User-defined elements – Ability to integrate a customer’s own IP and element formulations using UDE creator supported in flexible python scripting as well as with Fortran language. APIs are provided an option to connect Flow Simulator with external software for multidisciplinary analyses.
5. Intuitive interface – A modern interface for pre, post, solve, and optimization. The three-dimensional design environment gives users the ability to overlay/integrate the network model with 3D computer-aided design (CAD) while integrating a customer’s IP and element formulations seamlessly.

For more information about Flow Simulator, visit https://www.altair.com/flow-simulator/.

About Altair (Nasdaq: ALTR)

Altair is a global technology company that provides software and cloud solutions in the areas of simulation, high-performance computing (HPC), and artificial intelligence (AI). Altair enables organizations across broad industry segments to compete more effectively in a connected world while creating a more sustainable future. To learn more, please visit www.altair.com.

About GE Aviation

GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings and is part of the world’s Digital Industrial Company with software-defined machines and solutions that are connected, responsive and predictive. For more information, visit us at https://www.ge.com/aviation. Follow GE Aviation on Twitter at https://twitter.com/GEAviation and YouTube at https://www.youtube.com/user/GEAviation.

LOS ANGELES, CA, USA, Feb 24, 2021 – Chaos (formerly Chaos Group) launches Chaos Cosmos, a new 3D content system that reduces the process of staging interiors and environments to a few clicks. Highly curated, the library launches with over 650 free models and HDRIs that will address the most common use cases found in architecture and design, including furniture, trees, cars and people. Architects and designers can now test ideas more freely as they cycle between real-time visualization and photorealistic rendering.

“Unlike other content, Cosmos assets are designed to work across the Chaos ecosystem, giving users a central way to add context and realism to any 3D visualization,” said Phillip Miller, VP of product management at Chaos. “For years, we’ve been working to connect our tools so visualization feels accessible at every stage of the design process. Now, that same interconnected system has render-ready assets on tap, making it even easier to bring rich details to a project, whether you’re working through initial concepts or finalizing the big reveal.”

Cosmos assets can be found online or via a new button within V-Ray 5 for Revit, 3ds Max, SketchUp and Rhino. They are also optimized for Chaos’ real-time tools including Chaos Vantage and V-Ray Vision, so users can quickly assess scenes with high-quality entourage. Because of these optimizations, the assets naturally adapt to any tool they are in, increasing viewport speed without the need for setup.

The initial batch of essential assets will always be free and were created with the help of industry-leading content creators like:

• Design Connected – A leading provider of furniture and accessories for interior design
• Hum3D – An expert vehicle maker
• Maxtree – Famous for their plants, trees, vegetation and foliage
• NoEmotion – Creator of high-quality HDR skies and environments
• Renderpeople – The world’s largest library of scanned 3D people
• VIZPARK – High-quality trees and plants

Chaos Cosmos will continue to grow, incorporating a mix of Chaos and partner-driven assets to give architects and designers everything they need to quickly shape a design. Cosmos support is also planned for other V-Ray integrations, to be announced in the coming months.

To browse the library, please visit: https://cosmos.chaos.com/.

About Chaos

Chaos is a world leader in computer graphics technology, empowering artists and designers to create photorealistic imagery and animation across all creative industries. Chaos develops 3D rendering and simulation software that is used daily by top design studios, architectural firms, advertising agencies, and visual effects companies around the globe. In 2017, the firm’s physically based renderer, V-Ray, was honored with an Academy Award for its role in the widespread adoption of ray-traced rendering for motion pictures. Today, the company’s advancements in ray tracing, cloud rendering, and real-time visualization are shaping the future of design communication and storytelling. Founded in 1997, Chaos is privately owned with offices in Sofia, Prague, Seoul, Tokyo, and Los Angeles. For more information visit chaosgroup.com.

LOS ANGELES, CA, USA, Feb 24, 2021 – Chaos (formerly Chaos Group) released V-Ray 5 for 3ds Max, Update 1, expanding the feature set to include support for masking, new Progressive Caustics, improved translucent materials and more. Artists and designers can now do more from a single render, extending the most comprehensive visualization toolset on the market.

V-Ray’s new progressively calculated caustics achieve real-world reflections and refractions in less time. Easier to set up, without the need for pre-calculated photon maps.

Better Compositing

With added support for masks in the V-Ray Frame Buffer, users can now fine-tune their rendered images with pixel-perfect selections. All of V-Ray’s masking render elements including Cryptomatte, MultiMatte, Wirecolor and Object/Material/Render IDs are supported, helping artists quickly finalize an image without moving to another app.

Additive Dome Lights can now be rendered at the same time to help simulate multiple lighting scenarios. Direct support in Light Mix makes it easier than ever to fine-tune the results.

Free Content, Improved Materials

Chaos Cosmos, a new, render-ready 3D content collection, is now included within V-Ray 5 for 3ds Max. Perfect for interior and exterior architectural visualizations, the library includes hundreds of free high-quality 3D models and HDRI skies that can be easily inserted into any scene using V-Ray or cosmos.chaos.com.

New translucency methods have been added to the V-Ray Material. With built-in SSS and volumetric modes, it is easier than ever for artists to create realistic translucent materials such as plastic, wax and skin.

A new material override option has been added as well, helping artists preserve a scene’s original opacity, bump, refraction and self-illumination for more creative control. Convenience also extends to the Autodesk Physical Material, which is now auto-translated to V-Ray materials without the need for additional conversions.

Other Top Features Include:

1. Progressive Caustics – Render reflected lighting from surfaces like glass and water are now far easier to achieve.
2. Faster Global Illumination on V-Ray GPU – The V-Ray Light Cache now processes on the GPU, making it much faster to get to the first pixel.
3. V-Ray Camera Lister – Easily edit all of the cameras in the scene from one interface.
4. Batch Camera Rendering – Users can now export all of the cameras in their scene, making it easier for Chaos Cloud users to render any camera angle they need from a single export.
5. Enhanced tyFlow Rendering – tyFlow simulations can now be rendered with V-Ray GPU and Chaos Cloud.
6. Intel Open Image Denoising – Excellent for interactive rendering, Intel Open Image Denoise cleans up noise fast, on any machine.
7. Viewport Upgrades – V-Ray Materials will now appear even more realistic in the 3ds Max viewport, giving important context to artists as they edit their scenes.

For a full feature tour, please visit the product page.

Pricing and Availability

V-Ray 5 for 3ds Max, Update 1 is free and available now for anyone with a V-Ray 5 license. Perpetual licenses are priced at $1,180 with upgrades available for $590. Term licensing is available at $470 (annually) and $80 (monthly). V-Ray 5 for 3ds Max is also included in V-Ray Collection, an annual plan that gives users full access to 15 Chaos products and services for $699/year.

About Chaos

Chaos is a world leader in computer graphics technology, empowering artists and designers to create photorealistic imagery and animation across all creative industries. Chaos develops 3D rendering and simulation software that is used daily by top design studios, architectural firms, advertising agencies, and visual effects companies around the globe. In 2017, the firm’s physically based renderer, V-Ray, was honored with an Academy Award for its role in the widespread adoption of ray-traced rendering for motion pictures. Today, the company’s advancements in ray tracing, cloud rendering, and real-time visualization are shaping the future of design communication and storytelling. Founded in 1997, Chaos is privately owned with offices in Sofia, Prague, Seoul, Tokyo, and Los Angeles. For more information visit chaosgroup.com.

PITTSBURGH, PA, USA, Feb 24, 2021 – Ansys (NASDAQ: ANSS) and Keysight Technologies, Inc. are working together to integrate component-level designs into mission modeling environments with an enhanced, automated DME workflow. This enables joint customers to eliminate the time-consuming bottleneck of manually coupling design tools for rapidly innovating aerospace and defense applications and soon for 5G communications, autonomous vehicles and electrification. Ansys’ collaboration with Keysight continues a longstanding relationship that began with AGI, before the company was acquired by Ansys last year.

Systems Tool Kit providing digital mission engineering for advanced urban air mobility operations

To solve challenging development issues, engineering teams have been forced to manually connect design tools with custom integrations and purpose-built scripting mechanisms. Additionally, engineers face increasingly difficult design hurdles, tasked to achieve more with less resources. Ansys and Keysight’s streamlined, interoperable and cohesive workflow combines best-in-class tools, empowering engineers to accelerate the product lifecycle, harness critical insights to improve decision-making, greatly reduce human error and create advanced, higher fidelity designs.

The cutting-edge automated workflow directly connects AGI’s multi-domain mission analysis software, Systems Tool Kit with Keysight’s high-fidelity RF systems modeling tool, PathWave System Design (SystemVue). This enables engineering teams to seamlessly join mission-level modeling with component-level system design throughout the product lifecycle, providing a pervasive digital thread that links design processes, requirements and validation through proven digital simulation techniques. As a result, engineers can quickly arrive at critical system designs and immediately confirm performance within a mission context.

Keysight’s Pathwave SystemVue brings advanced signal processing techniques and component level design to the mission modeling workflow

“Keysight and Ansys are each playing central roles in helping our customers shift their real-world challenges into digital twin simulations. By working together, we can accelerate this transformation, which is enabling our customers to innovate and get to market faster than ever before,” said Tom Lillig, general manager of PathWave Software Solutions at Keysight. “In particular, Keysight’s PathWave System Design software is a powerful bridge between the worlds of virtual simulation and physical test.”

“Ansys is building on the relationship with Keysight that AGI began, which successfully incorporated DME into design processes, supporting customers in satellite communications, radar and electronic warfare sectors,” said Shane Emswiler, senior vice president at Ansys. “Together, Keysight and Ansys will continue to increase the integration of our tools and explore ways for providing additional modeling capabilities to engineers developing innovations in 5G, aerospace/defense and automotive industries.”

About Ansys

If you’ve ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge or put on wearable technology, chances are you’ve used a product where Ansys software played a critical role in its creation. Ansys is the global leader in engineering simulation. Through our strategy of Pervasive Engineering Simulation, we help the world’s most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, Ansys is headquartered south of Pittsburgh, Pennsylvania, U.S.A. Visit www.ansys.com for more information.

SAN RAFAEL, CA, USA, Feb 24, 2021 – Autodesk, Inc. (NASDAQ: ADSK) announced it has signed a definitive agreement to acquire Portland, Oregon-based Innovyze, Inc., a global leader in water infrastructure software, for $1 billion net of cash subject to working capital and tax closing adjustments. The acquisition positions Autodesk as a technology leader in end-to-end water infrastructure solutions from design to operations, accelerates Autodesk’s digital twin strategy, and creates a clearer path to a more sustainable and digitized water industry.

Innovyze’s modeling, simulation, and predictive analyses solutions enable more cost-effective and sustainably designed water distribution networks, water collection systems, water and wastewater treatment plants, and flood protection systems. Further, Innovyze’s solutions centralize infrastructure asset visibility to optimize capital and operational expenses. Combining Innovyze’s portfolio with the power of Autodesk’s design and analysis solutions, including Autodesk Civil 3D, Autodesk InfraWorks, and the Autodesk Construction Cloud, offers civil engineers, water utility companies and water experts the ability to better respond to issues and to improve planning.

For 35-years, Innovyze has been building innovative software for the water industry and is trusted by approximately 3,000 customers worldwide, including utility companies in many of the most populous cities across five continents, a majority of ENR’s top design firms, and leading environmental and engineering consultancies.

Today, more than two billion people lack access to safe drinking water at home, and by 2025 more than two-thirds of the world’s population will reside in water-stressed areas.

“We can achieve a more sustainable planet, but we can’t do it without responsibly managing our use of water and securing its future,” said Andrew Anagnost, Autodesk president and CEO. “An estimated $1.9 trillion is required to address global water infrastructure needs by 2030, and by fundamentally changing the way systems are designed, constructed, and operated, we are best positioned to overcome this challenge and realize the better world we’ve imagined.”

“Nearly nine trillion gallons of water are lost each year worldwide due to prolonged leaks and pipe breaks, but we cannot manage or fix what we cannot see,” said Amy Bunszel, Executive Vice President, AEC Design Solutions at Autodesk. “Innovyze’s portfolio of operational analytics, distribution modeling, and asset management solutions provides the insight needed to identify this and other potential problems before they become a crisis.”

“For thirty-five years Innovyze has been a hidden part of the daily lives of millions of people around the world, helping to deliver fresh, clean water, managing sewage and flooding in our communities, and turning wastewater into safe water,” said Colby Manwaring, CEO of Innovyze. “Similarly, if you look at the built world around us, Autodesk’s design DNA is found in just about every structure you see above ground and below, so it makes strategic sense to bring together our complementary organizations critical to much of the world’s population. We look forward to completing the acquisition and getting to work, together.”

For more information on the acquisition, please see the accompanying PDF here.

The transaction is subject to customary closing conditions and is expected to close during Autodesk’s first quarter of Fiscal Year 2022, ending April 30, 2021.

About Autodesk

Autodesk makes software for people who make things. If you’ve ever driven a high-performance car, admired a towering skyscraper, used a smartphone, or watched a great film, chances are you’ve experienced what millions of Autodesk customers are doing with our software. Autodesk gives you the power to make anything. For more information visit autodesk.com or follow @autodesk.

ROCK HILL, SC, USA, Feb 24, 2021 – 3D Systems (NYSE:DDD) announced that it will delay its fourth quarter and full year 2020 conference call, previously scheduled for February 25, 2021.

3D Systems will release its financial results for the fourth quarter and full year 2020 and file its Annual Report on Form 10-K after the U.S. stock markets close on Monday, March 1, 2021. The company will hold a conference call and simultaneous webcast to discuss these financial results the next morning, Tuesday, March 2, 2021, at 8:30 a.m. Eastern Time.

In the course of preparing the company’s financial results for the fourth quarter and full year 2020, the company discovered certain internal control deficiencies. As a result, the company may report one or more material weaknesses in internal controls in its upcoming fiscal 2020 Annual Report on Form 10-K. As of the date of this release, there have been no misstatements identified in prior year financial statements as a result of these deficiencies, and the company expects to timely file its Form 10-K on March 1, 2021. Please refer to the upcoming fiscal 2020 Annual Report on Form 10-K for more information.

The company is reaffirming preliminary financial data for the quarter ended December 31, 2020 previously announced on January 7, 2021. The company continues to expect revenue for the fourth quarter of 2020 will be in the range of $170 million to $176 million, fourth quarter GAAP operating (loss) income will be in the range of $(8.6) million to $0.5 million, and fourth quarter non-GAAP operating income in the range of $11 million to $19 million⁽¹⁾. The GAAP operating loss for Q4 2019 was $(4.7) million and for Q3 2020 was $(67.6) million. The expected fourth quarter 2020 non-GAAP operating income range compares favorably to the non-GAAP operating income of $5.6M reported in Q4 2019 and $0.0M reported in Q3 2020.

The preliminary financial data above remains subject to audit, review or other procedures by the company’s independent registered public accounting firm. As a result, actual results may differ from the preliminary results shown above and will not be publicly available until the company reports its fourth quarter and full year 2020 results.

⁽¹⁾ See Appendix for reconciliation of GAAP and non-GAAP operating loss.

Conference Call Details

1. Conference Call Details
2. Date: Tuesday, March 2, 2021
3. Time: 8:30 a.m. Eastern Time
4. Listen via webcast: www.3dsystems.com/investor
5. Participate via telephone: 201-689-8345

The webcast replay will be available approximately two hours after the end of the conference call at www.3dsystems.com/investor.

About 3D Systems

More than 30 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.