Introduction of Strategic Investment from Dover

Beijing, January 08 2014, Beijing Tiertime Technology Co., Ltd. (Tiertime) today announced that it has completed the introduction of the strategic investment from Dover (China) Investment Co., Ltd., a wholly-owned subsidiary of Dover Corporation (New York Stock Exchange: DOV), marking the commencement of Tiertime’s expansion in the global 3D printing market.

The strategic investment will help Tiertime explore business at home and abroad. Dr.Guo Ge, General Manager of Tiertime, pointed out: “Introduction of strategic investment from foreign companies is not only the first step for the internationalisation of Chinese companies, but also a crucial part for Chinese companies to be bigger and stronger in the global market with fierce competition. As a local company, Tiertime will maintain close cooperation with Dover Corporation. Tiertime will achieve the best enterprise operation mode and sustainable growth and become the most trusted 3D printer supplier in the world via leveraging resources and markets all over the world.”

Tiertime is a world leader in the segment market of desktop 3D printers. In consideration of strategies in printing technology innovation and global layout, Dover Corporation conducted strategic investment in Tiertime. Advantages of Dover Corporation in printing and identification will help Tiertime expand its 3D printer in global market.

Michael Y. Zhang, President of Dover Corporation Asia, said, “Dover Corporation hopes to become the leader in each industrial market and achieve market coverage worldwide based on unified and diversified platform of the group. Dover Corporation doesn’t pursue economies of scale in single investment in companies, but tries to seek and build leaders in segments. Tiertime is a leading innovation-oriented company. The investment in Tiertime is in line with Dover Corporation’s long-term investment strategy and expectations of shareholders for long-term development of Dover Corporation.”

About TiertimeBeijing, January 08 2014, Beijing Tiertime Technology Co., Ltd. (Tiertime) today announced that it has completed the introduction of the strategic investment from Dover (China) Investment Co., Ltd., a wholly-owned subsidiary of Dover Corporation (New York Stock Exchange: DOV), marking the commencement of Tiertime’s expansion in the global 3D printing market.

The strategic investment will help Tiertime explore business at home and abroad. Dr.Guo Ge, General Manager of Tiertime, pointed out: “Introduction of strategic investment from foreign companies is not only the first step for the internationalisation of Chinese companies, but also a crucial part for Chinese companies to be bigger and stronger in the global market with fierce competition. As a local company, Tiertime will maintain close cooperation with Dover Corporation. Tiertime will achieve the best enterprise operation mode and sustainable growth and become the most trusted 3D printer supplier in the world via leveraging resources and markets all over the world.”

Tiertime is a world leader in the segment market of desktop 3D printers. In consideration of strategies in printing technology innovation and global layout, Dover Corporation conducted strategic investment in Tiertime. Advantages of Dover Corporation in printing and identification will help Tiertime expand its 3D printer in global market.

Michael Y. Zhang, President of Dover Corporation Asia, said, “Dover Corporation hopes to become the leader in each industrial market and achieve market coverage worldwide based on unified and diversified platform of the group. Dover Corporation doesn’t pursue economies of scale in single investment in companies, but tries to seek and build leaders in segments. Tiertime is a leading innovation-oriented company. The investment in Tiertime is in line with Dover Corporation’s long-term investment strategy and expectations of shareholders for long-term development of Dover Corporation.”

About Tiertime
Founded in 2003, Tiertime is China’s first hi-tech enterprise that specialises in developing, producing and selling industrial and desktop 3D printers. With years of unremitting efforts, Tiertime has become the world leading and Asia’s largest 3D printer manufacturer. Its desktop 3D printer UP! is one of the three biggest brands in the world, and also the only desktop 3D printer in China that supports Microsoft’s 3D printer driver.

About Dover Corporation
Dover is a diversified global manufacturer with annual revenues of $8 billion. During the past five decades, Dover has been providing customers with high-quality products and services, which demonstrate excellent operation, advanced technologies and leading position of the company. We deliver innovative equipment and components, speciality systems and support services through four major operating segments: Energy, Communication Technologies, Engineered Systems, Fluids, and Printing & Identification. Headquartered in Chicago, Dover has 35,000 employees worldwide. Dover trades on the New York Stock Exchange under “DOV”. Additional information is available on dovercorporation.com.
Founded in 2003, Tiertime is China’s first hi-tech enterprise that specialises in developing, producing and selling industrial and desktop 3D printers. With years of unremitting efforts, Tiertime has become the world leading and Asia’s largest 3D printer manufacturer. Its desktop 3D printer UP! is one of the three biggest brands in the world, and also the only desktop 3D printer in China that supports Microsoft’s 3D printer driver.

About Dover Corporation
Dover is a diversified global manufacturer with annual revenues of $8 billion. During the past five decades, Dover has been providing customers with high-quality products and services, which demonstrate excellent operation, advanced technologies and leading position of the company. We deliver innovative equipment and components, speciality systems and support services through four major operating segments: Energy, Communication Technologies, Engineered Systems, Fluids, and Printing & Identification. Headquartered in Chicago, Dover has 35,000 employees worldwide. Dover trades on the New York Stock Exchange under “DOV”. Additional information is available on dovercorporation.com.

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