ARC Group Worldwide and EOS North America Announce Expanded Metal 3D Printing Partnership
May 05 2017 - 6:00AM
ARC Group Worldwide, Inc. (“ARC” and the “Company”)
(NASDAQ:ARCW), a leading global provider of advanced manufacturing
and metal 3D printing solutions, and EOS, the global technology and
quality leader for industrial 3D printing solutions, today
announced an expanded partnership, through the acquisition of four
additional EOS M 280 metal 3D printers.
The four new EOS M 280s add to ARC’s existing seven EOS M 280s
and one EOS M 400, in addition to its three other industrial metal
3D printers. ARC’s total of 15 metal 3D printers makes it one of
the largest installed bases of industrial metal additive
manufacturing (AM) solutions in North America.
ARC’s expanded capacity supports the rollout of a
full-production program that has been in development for the last
year. This new program is one of the first of its kind, which is a
high-volume, full production part. Volume on this new program is
expected to ramp-up during the summer, ultimately likely to require
more than nine dedicated AM machines to produce more than 10,000
components annually, consuming more than 12,000 lbs of Inconel 718
metal powder, per year.
“We chose to expand our partnership with EOS because they have
one of the most reliable, high quality, production focused metal
additive machines on the market,” said Jason Young, CEO of ARC.
“Balancing speed, flexibility and precision is important in
providing our customers with a compelling AM solution, and EOS is a
key piece of that. Our value proposition in metal 3D, which we
expect to be a material part of our business in the coming years,
is centered around proprietary material development, specialized
design capability and support, and true production capability
combined with cost, quality and fast delivery. Given recent growth
in our metal 3D business, we are in the process of moving it into a
state-of-the-art, dedicated AM technology center, which will have
several unique capabilities that should provide our customers with
one of the most compelling solutions in the industry, along with
room to add additional capacity.”
“ARC has a strong vision regarding how to succeed and bring
value to its customers in the AM market – well thought and with
clear value centered on quality and capacity,” said Andy Snow,
Senior Vice President, EOS North America. “They’re poised to have
serious impact in the metal AM space. We’re glad to be a part of it
and look forward to watching their success.”
About EOSEOS is the world’s
leading technology supplier in the field of industrial 3D printing
of metals and polymers. Formed in 1989, the independent company is
pioneer and innovator for comprehensive solutions in additive
manufacturing. Its product portfolio of EOS systems, materials, and
process parameters gives customers crucial competitive advantages
in terms of product quality and the long-term economic
sustainability of their manufacturing processes. www.eos.info
About ARC Group
Worldwide, Inc.
ARC Group Worldwide, Inc. is a global advanced
manufacturing and metal 3D printing service provider focused on
accelerating speed-to-market for its customers. ARC utilizes
technology to improve automation in manufacturing through robotics,
software and process automation, as well as lean manufacturing to
improve efficiency. ARC provides a holistic set of precision
manufacturing solutions, from design and prototyping through full
run production. These solutions include metal injection
molding, plastic and metal 3D printing, metal stamping, plastic
injection molding, clean room injection molding, rapid tooling,
thixomolding, and flanges.
Forward Looking Statements
This press release may contain “forward-looking” statements as
defined in the Private Securities Litigation Reform Act of 1995,
which are based on ARC’s current expectations, estimates and
projections about future events. These include, but are not
limited to, statements, if any, regarding business plans, pro-forma
statements and financial projections, ARC’s ability to expand its
services and realize growth. These statements are not
historical facts or guarantees of future performance, events or
results. Such statements involve potential risks and
uncertainties, and the general effects of financial, economic, and
regulatory conditions affecting our industries. Accordingly,
actual results may differ materially. ARC does not have any
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise. For further information on risks and
uncertainties that could affect ARC’s business, financial condition
and results of operations, readers are encouraged to review Item
1A. – Risk Factors and all other disclosures appearing in ARC’s
Form 10-K for the fiscal year ended June 30, 2016, as well as other
documents ARC files from time to time with the Securities and
Exchange Commission.
CONTACT: Drew M. Kelley
PHONE: (303) 467-5236
Email: InvestorRelations@ArcGroupWorldwide.com
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