Align Technology

from Wikipedia, the free encyclopedia
Align Technology

logo
legal form Corporation
ISIN US0162551016
founding 1997
Seat San Jose , United StatesUnited StatesUnited States 
management Joseph M. Hogan
Number of employees 11,660 (2018)
sales 1,966,000,000 US dollars (2018)
Branch Medical technology
Website www.aligntech.com

Align Technology is a manufacturer of digital 3D scanners and plastic rails for the clear aligners in orthodontics (orthodontics). Align Technology is headquartered in San Jose ( California ), and is part of the stock index NASDAQ-100 . The company manufactures the plastic rails in Ciudad Juárez ( Mexico ) and the scanners in Israel .

history

Align Technology was founded in 1997 by Zia Chishti and Kelsey Wirth and began developing a clear aligner. Align received FDA approval in 1998 to market the Invisalign system, which was first marketed in 2000. Align Technology went public on January 26, 2001.

In March 2011, Align acquired the Israeli company Cadent for $ 190 million. Cadent manufactured intraoral scanners with 3D imaging as well as software to display the captured images and to plan the treatment.

The company's sales reached $ 1 billion for the first time in 2016, and its products have been used by approximately 8% of people with braces . In 2017, the company faced the challenge that the patents for its Invisalign system expired in October 2017 and competition for generics began.

Finances

Key figures
year Sales
in US $ million 		Balance sheet profit
in million US $
2005 207 1
2006 206 −35
2007 284 36
2008 304 80
2009 312 −31
2010 387 74
2011 480 67
2012 560 59
2013 660 64
2014 762 146
2015 845 144
2016 1,080 190
2017 1,473 231
2018 1,966 400

Individual evidence

  1. ↑ Basavaraj Subhashchandra Phulari: History of Orthodontics . JP Medical Ltd, 2013, ISBN 978-93-5090471-8 ( google.de [accessed October 31, 2019]).
  2. ^ A. WSJ com News Roundup: Align Technology Gains 33% After IPO Prices on Low Side . In: Wall Street Journal . January 26, 2001, ISSN  0099-9660 ( wsj.com [accessed October 31, 2019]).
  3. ↑ dental imaging co Cadent bought for $ 190m - Globes. March 30, 2011, Retrieved October 31, 2019 (Hebrew).
  4. ↑ Michela Tindera: Out Of Silicon Valley, A Billion-Dollar Orthodontics Business Built With Plastic And Patents. Retrieved October 31, 2019 .
  5. ↑ Align Technology Revenue 2006-2019 | ALGN. Retrieved October 31, 2019 .