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Objet and Altech Expand Partnership into the East China market

4/20/2012

Altech's Newly Established Subsidiary in China Appointed as Objet's Distributor in East China Region Catering to the Needs of Japanese Enterprises in the Region

Tokyo, Japan, April 20, 2012 - Objet Asia Pacific Ltd., a subsidiary of Objet Ltd., the innovation leader in 3D printing for rapid prototyping and additive manufacturing,today announced the appointment of an Altech Co. Ltd. subsidiary as a new Objet distributor in the East China region. This appointment expands the partnership between Objet and Altech into the Chinese market, and opens new opportunities to both companies.

Altech has been Objet's distributor in Japan since 2008. As demand for 3D printers is expected to increase due to recent growth of Japanese companies' R&D divisions in the region, Objet and Altech signed partnership to start the sales of Objet products in the East China through Altech's subsidiary which was established in 2002.

"We are very excited about being appointed as Objet's distributor for East China. We believe that we can leverage our extensive experience in the 3D printing market in Japan to service Japanese businesses operating in China," said Mr. Tetsutaro Okuda, Vice President from Altech Shanghai Co. Ltd. "We are setting up a show room equipped with the Objet Connex500 multi-material and Objet30 desktop 3D Printers in Suzhou, where many Japanese manufacturers are based, to better promote and service rapid prototyping in the region."

"With its huge manufacturing base and growing interest in 3D printing and rapid prototyping, China is an important strategic market for Objet," said Gilad Yron, Managing Director for Objet Asia Pacific and Japan. "It is therefore essential for us to team up with the right local partners. We have full confidence that together with Altech we can provide the best choice for Japanese manufacturers based in China."

About Altech

Established in 1976, Altech is a trading company specialized in importing and selling printing and packaging machinery. Since then, Altech has expanded its product coverage to manufacturing machinery for optical discs and smartcards, equipment for solar cell production, security devices, computerization services, digital printers, DVD packages, etc, providing its customers in Japan with the world's leading industrial machinery and products. For more info, please visit www.altech.co.jp or www.3d-printer.jp.

About Altech Shanghai

Altech Shanghai was established in 2002 as part of Altech's expansion plan in Asia, particularly in China. Leveraging its experience as a trading company for industrial machinery and electronics related devices in Japan, Altech Shanghai imports and sells various cutting-edge devices and serves a wide variety of customers including cosmetics, food and beverage, automotive and electronic devices. Altech Shanghai caters to the needs of not only large Japanese and Chinese enterprises, but also Japanese SMBs planning to enter into the China market.


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