- Newest facility strategically established in collaboration with Swerea, a Swedish industrial research institute
- Third European-based PSC; Nine total PSCs globally
NORTH HUNTINGDON, Pa., Aug. 18, 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 planned opening of a new Production Service Center ("PSC") in Jönköping, situated in southern Sweden, in August 2015. This new PSC has been established in collaboration with Swerea (http://www.swerea.se/en), the Swedish Research Institute for Industrial Renewal and Sustainable Growth.
The PSC location is within the SWECAST unit of Swerea, the leading Swedish research group for industrial renewal and sustainable development. There, in close cooperation with the Swedish foundry industry and its customers, extensive research and development are conducted in such areas as casting simulation and technologies relating to production, energy use, environmental concerns and materials. Swerea has research specialists who are leaders in the development of new technologies, methods and products for direct application in industry, with 3D printing being an area in focus. In conjunction with its clients, Swerea finds solutions that lead to industrial renewal, competitive advantage and greater operational efficiency. Establishing its latest PSC within this facility creates a cost effective opportunity for ExOne to introduce its binder jetting technology to a market that is focused on the benefits of additive manufacturing for industrial metal applications.
S. Kent Rockwell, Chairman and Chief Executive Officer of The ExOne Company commented, "We are proud to be associated with this prestigious organization, which has a regional, national and international presence. Having our PSC within SWECAST will expose the growing list of Swerea member companies and universities to the 3D printing capabilities of our binder jetting technology. They will have the opportunity to experience firsthand how our machines and 3D printed products can improve their operational efficiency and enhance their competitiveness."
ExOne's other PSCs are located in North Huntingdon, PA; Troy, MI; Houston, TX; Auburn, WA; North Las Vegas, NV; Gersthofen, Germany; Desenzano del Garda, Italy; and Kanagawa, Japan.
For more information regarding ExOne's operations, visit the Company's website at www.exone.com.
About ExOne
ExOne 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 offers pre-production collaboration and print products for customers through its eight 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 including the related challenges of conducting business in international locations such as Russia; 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.