ExOne Announces 3D Printing With Industry Standard Metal and Ceramic Powders of Less Than 10 Microns
October 06 2016 - 6:55AM
The ExOne Company (NASDAQ:XONE) ("ExOne" or "the Company"), a
global provider of three-dimensional ("3D") printing machines and
3D printed and other products, materials and services, announces
advancements to its Innovent™ direct 3D printing machine which
enable printing industry standard metal and ceramic powders of less
than 10 microns.
ExOne’s fine powder Innovent machine 3D prints metal and ceramic
objects that have higher printed density and achieves significant
improvements in surface finish quality, offering finishes as low as
Ra 120 µin (average roughness measured in microinches). The
Innovent is designed to target industrial research and development,
commercial and laboratory research, and educational institutions,
facilitating qualification of materials. Innovent’s build box
size is sufficient to offer prototyping and production quanitites
ideally suited for the metal injection molding (MIM) and powder
metallurgy (PM) industries. ExOne is now offering a fine
powder Innovent machine, as well as an Innovent upgrade package for
existing equipment. Additionally, the Company plans to apply
these machine enhancements to its M-Flex™, as well as its next
generation larger format printing system.
Jim McCarley, ExOne’s Chief Executive Officer, stated, “The fine
powder Innovent is a critical technology milestone along ExOne’s
product development roadmap for our direct printing
equipment. It is expected to complement traditional
manufacturing processes within the Metal Injection Molding and
Powder Metal industries.”
Utilizing its new machine advancements, ExOne is adding
stainless steel 316L to its material portfolio, representing its
second single metal alloy for industrial 3D printing
applications. 316L is a 300 Series stainless steel used in a
variety of industrial markets ranging from automotive to chemical
processing equipment to surgical instruments. The Company is
currently accepting product pre-orders from customers for job shop
printing, with full commercialization expected in the first quarter
of 2017. Further, as ExOne applies these fine powder
advancements throughout its machine portfolio, it will be
positioned to address additional commercial, energy and automotive
applications.
Mr. McCarley concluded, “This Innovent advancement demonstates
how our expanded machine capability allows us to increase our
materials portfolio. As we further develop our equipment and
materials portfolio, we will continue to broaden the industries
which 3D print products using binder jetting.”
For more information regarding ExOne's operations, visit the
Company's website at www.exone.com.
About ExOneExOne is a global provider of 3D
printing machines and 3D printed and other products, materials and
services to industrial customers. ExOne's business primarily
consists of manufacturing and selling 3D printing machines and
printing products to specification for its customers using its
in-house 3D printing machines. ExOne’s machines serve direct and
indirect applications. Direct printing produces a component;
indirect printing makes a tool to produce a component. ExOne
offers pre-production collaboration and print products for
customers through its network of Production Service Centers
(PSCs). ExOne also supplies the associated materials,
including consumables and replacement parts, and other services,
including training and technical support that is necessary for
purchasers of its 3D printing machines to print products.
Safe Harbor Regarding Forward Looking
StatementsThis news release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended.
Forward-looking statements are subject to numerous assumptions,
risks and uncertainties which change over time and are typically
identified by words or phrases such as “trend,” “potential,”
“opportunity,” “pipeline,” “believe,” “comfortable,” “expect,”
“anticipate,” “current,” “intention,” “estimate,” “position,”
“assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,”
“seek,” “achieve,” as well as similar expressions, or future
conditional verbs such as “will,” “would,” “should,” “could” and
“may.” Such statements include, but are not limited to, statements
concerning future revenue and earnings, involve known and unknown
risks, uncertainties and other factors that could cause the actual
results of the Company to differ materially from the results
expressed or implied by such statements and from historical
performance, which include: timing and length of sales of three
dimensional printing machines; risks related to global operations
including effects of foreign currency and risks related to the
situation in the Ukraine; our ability to qualify more industrial
materials in which we can print; the availability of skilled
personnel; the impact of increases in operating expenses and
expenses relating to proposed investments and alliances; our
strategy, including the expansion and growth of our operations; the
impact of loss of key management; our plans regarding increased
international operations in additional international locations;
sufficiency of funds for required capital expenditures, working
capital, and debt service; the adequacy of sources of liquidity;
expectations regarding demand for our industrial products,
operating revenues, operating and maintenance expenses, insurance
expenses and deductibles, interest expenses, debt levels, and other
matters with regard to outlook; demand for aerospace, automotive,
heavy equipment, energy/oil/gas and other industrial products;
individual customer contractual requirements; the scope, nature or
impact of alliances and strategic investments and our ability to
integrate strategic investments; liabilities under laws and
regulations protecting the environment; the impact of governmental
laws and regulations; operating hazards, war, terrorism and
cancellation or unavailability of insurance coverage; the effect of
litigation and contingencies; the impact of disruption of our
manufacturing facilities or PSCs; the adequacy of our protection of
our intellectual property; material weaknesses in our internal
control over financial reporting; the impact of customer specific
terms in machine sale agreements on the period in which we
recognize revenue; the impact of market conditions and other
factors on the carrying value of long-lived assets; the potential
impact of the results from the United Kingdom’s referendum on its
withdrawal from the European Union; and our ability to continue as
a going concern and other factors disclosed in the Company’s Annual
Report on Form 10-K and other periodic reports filed with the
Securities and Exchange Commission. Because they are
forward-looking, these statements should be evaluated in light of
important risk factors and uncertainties.
For more information, contact:
Marketing:
Bob Wood
ExOne, Director – Direct Materials Business Development
(724) 864-8431
bob.wood@exone.com
Investors:
Brian W. Smith
ExOne, Chief Financial Officer
(724) 765-1350
brian.smith@exone.com
Deborah K. Pawlowski / Karen L. Howard
Kei Advisors LLC
(716) 843-3908 / (716) 843-3942
dpawlowski@keiadvisors.com / khoward@keiadvisors.com
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