Exactech Expands Competency in 3-D Printing with Purchase of Arcam Q10plus Systems
June 16 2016 - 9:00AM
Business Wire
Exactech, Inc. (Nasdaq: EXAC), a developer and producer of bone
and joint restoration products and biologic materials for
extremities, knee, hip and spine, has confirmed the purchase of two
Arcam Q10plus machines this week to expand its in-house
manufacturing capabilities. This investment will advance Exactech’s
long-term commitment to additive manufacturing technology, also
known as 3-D printing.
“Integrating the Arcam Q10plus technology into our operations
will bring numerous benefits to our already robust manufacturing
systems,” said Raymond Cloutier, Exactech vice president of
engineering & development for spine. “In 2010, Exactech became
the first company to receive FDA clearance for a 3-D printed
orthopaedic implant and has since received multiple additional
clearances for other implants. We will now be able to leverage this
knowledge and experience to enhance the design of our hip, knee,
extremities and spine implants, reduce product development lead
times and further supplement supply.”
The Arcam Q10plus is Arcam’s latest Electron Beam Melting (EBM)
machine that has been designed specifically for cost-efficient
production of orthopaedic implants. Studies have shown that build
times can be reduced up to 25 percent with improved surface
finishes, compared to previous generations of EBM systems.1
"Exactech was the first company in the U.S. to mass-produce
medical implants using additive manufacturing. We are happy to see
their confidence in our EBM technology and in the Arcam Q10plus as
a volume production system for the medical device industry. We
truly look forward to partnering with Exactech to grow production
of their joint restoration products,” said Arcam Chief Executive
Officer Magnus René.
“This equipment supports our long-range commitment to additive
manufacturing, our comprehensive effort to optimize our supply
chain and our perpetual interest in cost reduction,” said Exactech
Chief Financial Officer Jody Phillips.
1Data on file at Arcam.
About Exactech
Exactech develops and produces bone and joint restoration
products that help surgeons worldwide make patients more mobile.
With global headquarters in Gainesville, Fla., Exactech
manufactures innovative solutions that improve patient outcomes for
hip, knee, shoulder and spine surgery and distributes in more than
30 markets, including in the U.S., Europe, Latin America, Asia and
the Pacific. Additional information about Exactech can be found at
http://www.exac.com.
An investment profile on Exactech may be found at
http://www.hawkassociates.com/profile/exac.cfm. To receive future
releases in e-mail alerts, sign up at
http://www.hawkassociates.com/about/alert.
This release contains various forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, which represent
the company’s expectations or beliefs concerning future events of
the company’s financial performance. These forward-looking
statements are further qualified by important factors that could
cause actual results to differ materially from those in the
forward-looking statements. These factors include the effect of
competitive pricing, the company’s dependence on the ability of
third party manufacturers to produce components on a basis which is
cost-effective to the company, market acceptance of the company’s
products and the effects of government regulation. Results actually
achieved may differ materially from expected results included in
these statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20160616005384/en/
Investor contactsExactechJody Phillips, 352-377-1140Executive
Vice President of Finance & Chief Financial OfficerorHawk
AssociatesJulie Marshall or Frank Hawkins,
305-451-1888EXAC@hawkassociates.comorMedia
contactsExactechPriscilla Bennett, 352-377-1140Vice President,
Corporate & Marketing CommunicationorArcam ABMagnus René,
781-266-6957President & CEOmagnus.rene@arcam.com
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