TEI and voxeljet Sign Volume Contract for 3D Printed Sand
February 19 2018 - 7:00AM
Business Wire
voxeljet AG (NYSE:VJET) (the “Company” or “voxeljet”), a leading
provider of high-speed, large-format 3D printers and on-demand
parts services to industrial and commercial customers, today
announced that Tooling and Equipment International in Livonia, MI
(TEI) has signed a 3-year Volume Contract with voxeljet America
Inc. in Canton, MI for 3D printed sand molds and cores.
In the contract, TEI has committed to purchase more than 500,000
liters of 3D printed sand from voxeljet over an expected three-year
period. In connection with the contract, voxeljet will install
additional printing capacity in TEI’s Livonia facility as well as
using its existing machines in their Canton, MI facility.
TEI is the largest user of 3D printed sand in the USA and has a
comprehensive low-pressure aluminum casting facility together with
heat treatment and a state-of-the-art machine shop with over 50 CNC
machines. TEI supplies machined prototype and low volume components
in aluminum, iron and steel to automotive, aerospace and defense
customers. With the help of voxeljet’s high productivity 3D
printing systems, geared towards industrial production, TEI will
offer all phases of manufacturing from one source: design, 3D sand
printing, casting, heat treatment, machining, and inspection.
Oliver Johnson, President of TEI commented: “This is an
outstanding opportunity for both companies to further capitalize on
the benefits of large scale 3D sand printing for engineered
aluminum castings. With voxeljet working alongside us to supply
molds and cores, we will be able to compress lead times even
further for our customers while also setting new records in terms
of the size and weight of parts we can cast. ”
David Tait, Managing Director of voxeljet America Inc.
commented: “The 3D printing industry is at an inflection point, and
this marks another milestone in our mission to push 3D printing
into industrial production. We are very proud to support TEI’s
growth strategy with our unique 3D printing technology.”
About TEI
TEI is a global leader in the design, engineering and
manufacturing of prototype, pre-production and mass production
equipment for the casting industry. TEI products are the highest
quality and are backed by a reputation for innovation, design
excellence, and precise first-run performance. TEI is a full
service, vertically integrated supplier offering a complete range
of services in Engineering, Tooling, Casting, Machining and
Inspection complete on one site. This approach delivers TEI and its
customers’ fundamental advantages in terms of timing,
confidentiality, and quality.
About voxeljet
voxeljet is a leading provider of high-speed, large-format 3D
printers and on-demand parts services to industrial and commercial
customers. The Company’s 3D printers employ a powder binding,
additive manufacturing technology to produce parts using various
material sets, which consist of particulate materials and
proprietary chemical binding agents. The Company provides its 3D
printers and on-demand parts services to industrial and commercial
customers serving the automotive, aerospace, film and
entertainment, art and architecture, engineering and consumer
product end markets. For more information, visit
http://www.voxeljet.de/en/.
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concerning our business, operations and financial performance. Any
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for each forward-looking statement contained in this press release,
we caution you that forward-looking statements are not guarantees
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subject to known and unknown risks, uncertainties and other factors
that are in some cases beyond our control and that may cause our
actual results to differ materially from our expectations,
including those risks identified under the caption “Risk Factors”
in the Company’s Annual Report on Form 20-F and in other reports
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version on businesswire.com: http://www.businesswire.com/news/home/20180219005105/en/
Investors and MediaJohannes PeschDirector, Investor
Relations and Business Developmentjohannes.pesch@voxeljet.deoffice:
+49 821 7483 172 - mobile: +49 176 4539 8316
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