RESEARCH TRIANGLE PARK, N.C., November 15, 2005- Ping Fu, chairman, president and CEO of Geomagic, has been named Entrepreneur of the Year by Inc. magazine, the leading publication for American entrepreneurs.
“Ping Fu and her company, Geomagic, are perfecting a technology that is already changing the nature of manufacturing,” says the introduction to the cover article in the December issue of Inc.
According to John Koten, Inc. CEO and editor in chief, “Ping Fu, who appears on this month’s cover, is a moving example of what makes entrepreneurs so compelling, and I am proud that Inc. is the first publication to tell the story of her life and her business.”
Writer John Brant’s article traces Fu’s inspirational story from torture and deprivation in China to entrepreneurial triumph in the U.S.
“Ping is the kind of person who can just reach into you, find what inspires you and turn the knob to full blast,” says Brant. He says that Geomagic “has defined and dominated the high-tech field of digital shape sampling and processing, or DSSP. DSSP technology holds so much promise because it is universally applicable; any object, animate or inanimate, natural or manmade, of any shape or size, still or, in some cases, moving, can be digitally processed.”
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 last five years, Geomagic’s revenues have grown by 2,105 percent. In the 2004 fiscal year, net income rose by 615 percent, the number of Geomagic employees doubled, and the company became international, establishing fully owned subsidiaries throughout Europe and Asia.
“I’m very honored to receive this recognition,” says Fu. “But, no award is won by an individual alone. I thank my husband and daughter for their love and support, Geomagic employees for building a valuable and interesting company, and Inc. magazine for being the first major publication to write about the power of DSSP.”
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 Davidson, Timberland, Mattel/Fisher Price, Lego, Pratt & Whitney, NASA, 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.
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.