Thursday, Aug 4, 2005 10:20 AM

RESEARCH TRIANGLE PARK, N.C., August 4, 2005 - Ping Fu, president and CEO of Geomagic, has received the Triangle Business Journal’s Women in Business award for 2005. The award, to be presented today at a luncheon in Research Triangle Park, N.C., honors business accomplishments and contributions to the community.

Fu co-founded Geomagic in 1996. The company’s products enable designers and engineers to transform scan data from physical objects into highly accurate digital models for applications ranging from computer simulations of racing cars, to reconstruction of historic treasures, to new processes that speed quality inspection.

Over the past year, Geomagic increased product sales by 49 percent, boosted profits tenfold over the previous year, doubled its number of employees, and established an international presence by acquiring a European technology company and creating subsidiaries in Germany and Asia.

In addition to running a successful international company, Fu finds time for family and community. She speaks to entrepreneurs and women in business locally and internationally. She donates time, money and other resources to local museums, schools and the Council for Entrepreneurial Development, a professional organization in the greater Research Triangle area.

“This is an honor that I share with my family and everyone at Geomagic,” says Fu. “I’m fortunate to be associated with brilliant and dedicated people who make all things possible.”

About Geomagic

Geomagic (www.geomagic.com) is a global company dedicated to advancing and applying 3D technology for the benefit of humanity. Geomagic’s scanning and design software solutions are used to capture and model 3D content from physical objects, organically sculpt complex shapes, and prepare products for manufacturing. In addition, the company produces powerful 3D metrology and inspection software that verifies dimensional quality by comparing as-built products to master designs. Geomagic’s Sensable Phantom haptic devices simulate the sense of touch in a digital environment. 

Geomagic’s software and hardware are utilized by world-class customers in a variety of industries, including aerospace, automotive, medical, consumer products, toys, collectibles, coindesign, jewelry, fine art, heritage restoration, research, education, mold making, entertainment, training and surgical simulation. In fact, some of the world’s leading companies and research organizationsuse Geomagic software, including Ford, BMW,Boeing, Harley DavidsonTimberland, Mattel/Fisher Price, Lego, Pratt & WhitneyNASA, Schneider Electronic, 3M, Danaher and Invisalign. Geomagic is based in Research Triangle Park, N.C., USA, with an office in Boston, subsidiaries in Europe and Asia, and channel partners worldwide.

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Geomagic, Geomagic Studio, Geomagic Qualify, Geomagic Qualify Probe, Geomagic Spark, Wrap, Geomagic Wrap, Phantom, OpenHaptics, Omni, Freeform, Claytools, Sensable and Sensable Technologies, Inc. are trademarks or registered trademarks of Geomagic Inc.  All other trademarks are the property of their respective owners.

Media Contact:

Rachael Taggart
Geomagic, Inc.
+(1) 919-474-0135
Contact Rachael