zSpace (NASDAQ: ZSPC), a leader in augmented and virtual reality
(AR/VR) education, today announced the acquisition of BlocksCAD, a
cutting-edge platform specializing in 3D design and modeling for
STEM education. The acquisition strengthens zSpace’s commitment to
transforming education through innovative technology and expands
its capabilities to deliver engaging, hands-on learning experiences
for students worldwide.
BlocksCAD’s intuitive design platform empowers students and
educators to explore coding, mathematics, and engineering concepts
through 3D modeling and design. By integrating BlocksCAD’s powerful
tools into zSpace’s immersive learning ecosystem, educators will
have expanded resources to inspire creativity, problem-solving, and
critical thinking in STEM subjects.
“This acquisition marks a significant milestone in zSpace’s
mission to make learning more engaging and accessible,” said Paul
Kellenberger, CEO of zSpace. “BlocksCAD’s intuitive 3D design
platform perfectly complements our immersive solutions, enabling
students to bring their ideas to life while building essential STEM
skills. Together, we are redefining how technology can empower
learners to create, innovate, and succeed.
Through this combination, zSpace will integrate BlocksCAD’s
browser-based modeling software with its augmented and virtual
reality hardware, providing seamless, interactive experiences that
bridge design and physical creation. This synergy will enhance
project-based learning opportunities, giving students the tools to
design, iterate, and visualize complex concepts in 3D.
“We are thrilled to join the zSpace family and amplify our
shared vision of empowering learners through technology,” said Sol
Menashi, CEO of BlocksCAD. “By combining our expertise, we will
expand access to engaging STEM education and inspire students to
explore careers in science, technology, engineering, and math.”
The integration of BlocksCAD’s technology into zSpace’s product
suite will begin immediately, with new collaborative features and
educational tools rolling out in the coming months.
About BlocksCAD
BlocksCAD is an innovative educational platform that simplifies
3D modeling and design, making STEM learning accessible to students
of all ages. With a focus on coding, mathematics, and engineering
concepts, BlocksCAD empowers learners to design, create, and
innovate in a collaborative, project-based environment.
About zSpace
zSpace, Inc. delivers innovative augmented and virtual reality
(AR/VR) experiences that drive achievement in STEM, CTE, and career
readiness programs. Trusted by over 3,500 school districts,
technical centers, community colleges, and universities, zSpace
allows students and teachers to experience learning in the
classroom that may otherwise be dangerous, impossible,
counterproductive, or expensive using traditional techniques.
Headquartered in San Jose, California, zSpace holds over 70 patents
and our hands-on “learning by doing” solutions have been shown to
enhance the learning process and drive higher student test scores,
as evidenced by a study on the utility of 3D virtual reality
technologies for student knowledge gains published in the Journal
of Computer Assisted Learning in 2021.
FORWARD-LOOKING
STATEMENTS
Certain statements contained in this
press release about future expectations, plans and prospects, as
well as any other statements regarding matters that are not
historical facts, may constitute “forward-looking statements”
within the meaning of the Private Securities litigation Reform Act
of 1995. These statements include, but are not limited to,
statements relating to the expected trading commencement and
closing dates. The words “anticipate,” “believe,” “continue,”
“could,” “estimate,” “expect,” “intend,” “may,” “plan,”
“potential,” “predict,” “project,” “should,” “target,” “will,”
“would” and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Actual results may
differ materially from those indicated by such forward-looking
statements as a result of various important factors, including: the
uncertainties related to market conditions and other factors
discussed in the “Risk Factors” section of the Company’s filings
with the SEC. For these reasons, among others, investors are
cautioned not to place undue reliance upon any forward-looking
statements in this press release. Any forward-looking statements
contained in this press release speak only as of the date hereof,
and zSpace, Inc. specifically disclaims any obligation to update
any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by
law.
For more information, visit www.zspace.com or follow @zSpace on
social media.
zSpace Investor Relations:Gateway GroupCody Slach, Alex
Thompson949-574-3860ZSPC@gateway-grp.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/74277b6d-6259-4f27-8f81-d7c39b74d72b
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