January 26, 2015
Uniquely offers researchers a development and qualification platform for binder jetting 3D printing
Delivers a build volume eight times larger than previous lab model
Printer available as complete system with oven and furnace, allowing for easy migration to ExOne's larger scale platforms
NORTH HUNTINGDON, Pa., Jan. 22, 2015 (GLOBE NEWSWIRE) -- The ExOne Company (Nasdaq:XONE), a global provider of three-dimensional printing machines and printed products to industrial customers, announced today its latest 3D printing system, Innovent™, designed especially for research and education customers.
Innovent, ExOne's industrial-grade, laboratory-sized machine, allows for testing material properties, specifically in educational institutions, research laboratories, and research and development (R&D) departments at commercial organizations. Innovent is uniquely designed in that it balances a specific build box for the technical qualification of materials with a smaller overall lab machine platform size, when compared to other industrial-grade 3D printers.
"Innovent expands upon ExOne's lab machine offerings by allowing customers, whether they are educators or companies, the ability to qualify materials, an option not previously available in these types of 3D printers," said S. Kent Rockwell, Chairman and Chief Executive Officer for ExOne. "ExOne is improving its laboratory solution to help drive the overall industrial sector towards increased experience with and use of binder jetting 3D printing."
Compared to the company's previous lab model, Innovent offers a build volume that is eight times larger - measuring at 65mm x 160mm x 65mm. Similar to the company's M-Flex™, Innovent's software and mechanical components incorporate ExOne's most up-to-date technology.
"Innovent was specifically designed to complement ExOne's larger machine platforms, so those who are using Innovent for testing purposes can easily migrate to the larger M-Flex and M-Print™ when they are ready for larger scale prototyping or series production," added Mr. Rockwell.
Innovent employs the ExOne approach to additive manufacturing, utilizing a print head to selectively dispense micro-droplets of specially-engineered binder into very thin layers of powdered metal. Within the world of additive manufacturing, ExOne is distinctive in that it offers solutions that are focused on industrial users and applications, and the Innovent is the latest machine to serve that market.
ExOne is offering Innovent as part of a complete system - also including an oven and furnace - at a competitive price point, opening a host of opportunities for the company as education and research-based customers can now more affordably use binder jetting 3D printing technology.
For more information regarding ExOne's binder jetting technology and machines, visit ExOne's website at www.exone.com.
ExOne is a global provider of 3D printing machines and printed products, materials and other 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 offers pre‐production collaboration and prints products for customers through its eight production service centers (“PSCs”), which are located in the United States, Germany, Italy and Japan. ExOne builds 3D printing machines at its facilities in the United States and Germany. ExOne also supplies the associated materials, including consumables and replacement parts, and other services, including training and technical support, necessary for purchasers of its machines to print products.
Safe Harbor Regarding Forward Looking Statements
This 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 risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "typically," "anticipates," "believes," "appears," "could," "plan," and other similar words. 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, which include our ability to qualify more materials in which we can print; the availability of skilled personnel; the impact of increased operating expenses and expenses relating to proposed acquisitions, 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; the scope, nature or impact of acquisitions, alliances and strategic investments and our ability to integrate acquisitions and 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 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.
Should one or more of these risks or uncertainties materialize, or should any of ExOne's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. The Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
For more information, contact:
ExOne, Chief Financial Officer
Deborah K. Pawlowski / Karen L. Howard
Kei Advisors LLC
(716) 843-3908 / (716) 843-3942
firstname.lastname@example.org / email@example.com