September 25, 2015
• New binder increases 3D printing process speed and allows polymerization at room temperature, reducing post-processing
• CHP provides better surface finish and strength in complex 3D printed cores and molds ideally suited for automotive, aviation, hydraulic/heavy equipment and pump industries
NORTH HUNTINGDON, Pa., Sept. 9, 2015 (GLOBE NEWSWIRE) -- The ExOne Company (NASDAQ:XONE) ("ExOne" or "the Company"), a global provider of three-dimensional ("3D") printing machines and 3D printed and other products to industrial customers, announced today the expansion of its suite of 3D printing binder offerings to add a new class of phenolic, referred to as cold hardening phenolic ("CHP"). ExOne's binder jetting technology uses a liquid binding agent selectively deposited to join powder particles and 3D print complex parts in industrial-grade materials.
The company initially introduced the availability of phenolic in July 2013, which binder is used with ceramic sand in the 3D printing of molds and cores, offering customers three primary benefits as compared with other binders:
• Casting higher heat alloys,
• Creating a higher strength mold or core, and
• Improving the quality of the casting due to reduced expansion of the mold or core.
In addition to these benefits, the newly introduced CHP binder accelerates the 3D printing process due to elimination of an infrared heating lamp that is utilized in the printing process with traditional phenolics. Using CHP, the polymerization of 3D printed molds and cores may occur at room temperature, further reducing both printing and curing time and eliminating the need for additional equipment such as a microwave. Alternatively, if additional drying is desired this may be achieved in a conventional air oven, equipment which is already maintained by most customers.
Rainer Hoechsmann, Chief Development Officer of The ExOne Company, commented, "With our focus on accelerating the adoption rate of our technology particularly in the foundry markets, we are excited to offer this new binder solution. Our customers are pleased with the strength, surface finish and high temperature resistance of our cores and mold packages printed with CHP, particularly for aluminum castings. We view this as an important offering in our technology and expect a shift in demand toward our machine platforms that allow this production."
ExOne is currently offering benchmark and production parts in certain material sets and expects to continue to expand its material offerings through 2015 and beyond. ExOne is also optimizing its machine platforms and expects that its S-Print®, S-Max™ and Exerial™ platforms will each be available for purchase using CHP over the next nine months.
For more information regarding ExOne's operations, visit the Company'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
email@example.com / firstname.lastname@example.org