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News Release
SOLIGEN TECHNOLOGIES NAMED ONE OF LOS ANGELES' FASTEST GROWING
TECHNOLOGY COMPANIES IN DELOITTE & TOUCHE'S "FAST 50" PROGRAM
Yehoram Uziel, founder and CEO of Soligen, said the Company's innovative manufacturing technology and its increasing market penetration account for the Company's growth. Soligens' revenues over the past five years grew from $184,000 in 1994 to $5,465,000 in 1998.
``To be selected as part of the Fast 50 is an honor,'' Mr. Uziel said. ``It is a reflection of the increasing recognition of Soligen, as our proprietary technology involving producing metal castings directly from computer files commands more attention in the manufacturing marketplace. By expanding our sales force, increasing application opportunities for our technology, and adding joint ventures with leading casting manufacturers this past year, we are poised for even greater growth.''
``In an era where technology companies come and go like shooting stars, making the Deloitte & Touche `Fast 50' is a testament to a company's leadership and its ability to not only have the right solution for that moment in time, but also the vision that allows growth over five years,'' said Gary Dickey, partner, Los Angeles High Technology Group, for Deloitte & Touche. ``Soligen has proven that it has the right stuff to succeed, and we at Deloitte & Touche salute its accomplishments.''
To qualify for the Fast 50, companies must have had revenues of at least $50,000 in 1994 and at least $1,000,000 in 1998; must be public or private companies headquartered in the region, and must be ``technology companies,'' defined as a company that produces technology, manufactures a technology product, is technologically intensive, uses technology in problem-solving, or devotes a high percentage of effort to research and development of technology.
Winners of the 19 regional Fast 50 programs in the United States are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation's top 500 fastest-growing technology companies.
About Soligen
DSPC® and Parts Now® are registered trademarks of Soligen.
Soligen's DSPC® technology is a proprietary fabrication process for metal parts that produces ceramic molds for metal casting directly from a CAD file. By using
the DSPC technology, Soligen is able to produce a first article metal part bypassing the traditional need for tooling. Consequently it enables postponement of design
and the fabrication of expensive and time consuming casting tooling until after the parts are functionally tested, thus increasing the probability of making such
production tooling once and correctly on the first attempt. Additionally, Soligen produces production tooling for larger runs of metal castings from the same CAD file
as the approved part. By combining three key production elements: DSPC technology, conventional casting methods, and Computerized Numerical Control (CNC)
machine practices, the Company has created the first ``one-stop-shop'' for functional metal parts that are made directly from a CAD file and that are ready for
assembly. This complete service, trademarked as Parts Now®, has become a single source for out-sourcing of metal parts.
For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit the web site at www.fast50.com.
| Contact: Yehoram Uziel, Soligen Technologies, Inc., (818) 718-1221 |
| Email:Yehoram@PartsNow.com |
| or: Steven S. Anreder/Evan L. Zall, Anreder Hirschhorn Silver &Co., (212) 532-3232 |