Systems and CollPlant Biotechnologies Join Forces to Accelerate Breakthroughs in Regenerative Medicine

Systems and CollPlant Biotechnologies Join Forces to Accelerate Breakthroughs in Regenerative Medicine

ROCK HILL, South Carolina and

REHOVOT, Israel, January 13, 2020 - Today, 3D Systems (NYSE:DDD) and CollPlant

Biotechnologies (NASDAQ:CLGN), announced signing a joint development agreement intended to play a pivotal role in advancing

and accelerating breakthroughs in the biomedical industry. The collaboration brings together two industry pioneers--3D Systems,

renowned for its 3D printing technologies and healthcare expertise; and CollPlant, the developer of proprietary recombinant human

collagen (rhCollagen) BioInk technology currently used for 3D bioprinting of tissues and organs. The two companies plan to jointly

develop tissue and scaffold bioprinting processes for third party collaborators.

3D Systems and CollPlant recognized an unmet market need for a comprehensive solution to produce tissues and scaffolds for regenerative

medicine applications. The companies intend to create integrated 3D bioprinting solutions comprised of state-of-the-art 3D bioprinters

and BioInks to produce tissues and scaffolds. In accordance with the collaboration agreement, both companies may use a combination

of 3D Systems' printers, CollPlant's BioInks, and new formulations of rhCollagen-based BioInks jointly developed by

the companies, for their own products, as well as for deployments with third parties.

"3D Systems is excited to work with CollPlant to develop groundbreaking bioprinted tissue and scaffold technologies,"

said Chuck Hull, co-founder and chief technology officer, 3D Systems. "We believe 3D printing to be a key technology for

regenerative medicine, and this collaboration is one of many we are entering to play an integral role in this exciting field.

Combining our innovative 3D printing technologies with CollPlant's rhCollagen based BioInks has the potential to make a

significant impact in bioprinting and regenerative medicine. "

strongly believe that our proven rhCollagen is the finest building block for regenerative medicine tissues and scaffolds available

today," Yehiel Tal, chief executive officer of CollPlant, stated. "As the leading additive manufacturing printing

solutions company, 3D Systems is the perfect partner for us. Together, we can offer the best combined technology for 3D bioprinting.

We are honored to have established this important collaboration and we look forward to working together to advance 3D bioprinting

technology to the commercial phase."

than 30 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading AM solutions

company, it empowers manufacturers to create products and business models never before possible through transformed workflows.

This is achieved with the Company's best-of-breed digital manufacturing ecosystem - comprised of plastic and metal 3D printers,

print materials, on-demand manufacturing services and a portfolio of end-to-end manufacturing software. Each solution is powered

by the expertise of the company's application engineers who collaborate with customers to transform manufacturing environments.

3D Systems' solutions address a variety of advanced applications for prototyping through production in markets such as aerospace,

automotive, medical, dental and consumer goods. More information on the company is available at www.3dsystems.com.

is a regenerative medicine company focused on 3D bioprinting of tissues and organs, and medical aesthetics. Our products are based

on our rhCollagen (recombinant human collagen) that is produced with CollPlant's proprietary plant based genetic engineering

products address indications for the diverse fields of organ and tissue repair, and are ushering in a new era in regenerative

medicine. Our flagship rhCollagen BioInk product line is ideal for 3D bioprinting of tissues and organs. In October 2018, we entered

into a licensing agreement with United Therapeutics, whereby United Therapeutics is using CollPlant's BioInks to develop

the manufacture of 3D bioprinted lungs for transplant in humans.

more information about CollPlant, visit http://www.collplant.com

Harbor for Forward-Looking Statements

press release may include forward-looking statements. Forward-looking statements may include, but are not limited to, statements

relating to CollPlant's and 3D Systems' objectives, plans and strategies, as well as statements, other than historical facts,

that address activities, events or developments that CollPlant and 3D Systems each intends, expects, projects, believes or anticipates

will or may occur in the future. These statements are often characterized by terminology such as "believes," "hopes,"

"may," "anticipates," "should," "intends," "plans," "will," "expects,"

"estimates," "projects," "positioned," "strategy" and similar expressions and are based

on assumptions and assessments made in light of management's experience and perception of historical trends, current conditions,

expected future developments and other factors believed to be appropriate. Forward-looking statements are not guarantees of future

performance and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed

or implied in such statements. Many factors could cause CollPlant's and 3D Systems' actual activities or results to differ

materially from the activities and results anticipated in forward-looking statements, including, but not limited to, the following:

the CollPlant's history of significant losses and its need to raise additional capital and its inability to obtain additional

capital on acceptable terms, or at all; CollPlant's and 3D Systems' expectations regarding the timing and cost of

commencing clinical trials with respect to tissues and organs which are based on its rhCollagen-based BioInk; the CollPlant's

and 3D Systems' or its business partners ability to obtain favorable pre-clinical and clinical trial results; regulatory

action with respect to rhCollagen-based BioInk, including but not limited to acceptance of an application for marketing authorization,

review and approval of such application, and, if approved, the scope of the approved indication and labeling; commercial success

and market acceptance of the CollPlant's rhCollagen-based BioInk and 3D Systems' technologies; CollPlant's ability

to establish sales and marketing capabilities or enter into agreements with third parties and its reliance on third-party distributors

and resellers; the CollPlant's and 3D Systems' ability to establish and maintain strategic partnerships and other

corporate collaborations; CollPlant's and 3D Systems' reliance on third parties to conduct some aspects of its product

manufacturing; the scope of protection CollPlant and 3D Systems are able to establish and maintain for intellectual property rights

and the companies' ability to operate their business without infringing the intellectual property rights of others; the

overall global economic environment; the impact of competition and new technologies; general market, political, and economic conditions

in the countries in which the companies operate; projected capital expenditures and liquidity; changes in the companies'

strategy; and litigation and regulatory proceedings. More detailed information about the risks and uncertainties affecting CollPlant

and 3D Systems is contained under the heading "Risk Factors" included in CollPlant's most recent annual report on Form

20-F and 3D Systems' most recent annual report on Form 10-K, and in other periodic filings, that CollPlant and 3D Systems

have filed with the SEC. The forward-looking statements contained in this press release are made as of the date of this press

release and reflect CollPlant's and 3D Systems' current views with respect to future events, and neither company undertakes,

and each company specifically disclaims, any obligation to update or revise any forward-looking statements, whether as a result

of new information, future events or otherwise.