The ExOne Company Introduces the All New X1 25PRO™ 3D Printing Machine
November 13 2018 - 3:00AM
Business Wire
- ExOne is the innovator in metal
binder jetting technology with 3D printing units installed in more
than twenty countries globally
- Scaling the fine powder capability
of INNOVENT+™ to a larger production build envelope
- Orders are now being accepted;
systems to be delivered starting late 2019
The ExOne Company (Nasdaq: XONE) (“ExOne”), a global provider of
three-dimensional (“3D”) printing machines and 3D printed and other
products, materials and services to industrial customers, today
announced the release of its newest system, the X1 25PRO™.
Combining the fine metal injection molding (“MIM”) powder
capability of ExOne’s INNOVENT+™ machine with production volume
capability, the new X1 25PRO™ is positioned to address the needs of
MIM, powder metallurgy, and manufacturing customers seeking a
larger platform solution for producing reliable parts in a
production environment.
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The new X1 25PRO™ offers customers the ability to produce fine
quality parts from a variety of materials including: 316L, 304 L,
and 17-4PH stainless steels; Inconel 718® and 625; M2 and H11 tool
steels; cobalt chrome; copper; tungsten carbide cobalt; and many
others.
Rick Lucas, ExOne’s Chief Technology Officer, noted, “We are
pleased to bring the new X1 25PRO™ to market to satisfy the needs
of industry for high quality, functional, production-volume parts.
ExOne has a pioneering legacy of being on the cutting edge of
introducing materials and processes using binder jetting. We
currently have machines installed in customer facilities in more
than twenty countries around the globe and we are proud to bring
innovations like the X1 25PRO™ to realization. Our X1 25PRO™ is the
first of two machines that we are introducing by the end of the
first half of 2019, utilizing our state-of-the-art patent pending
MIM powder processing machine technologies. We believe these new
production machines will be the most flexible and highest
performing binder jetting machines in the market.”
The X1 25PRO™ allows customers of ExOne’s INNOVENT+™ platform to
scale up to a mid-size production platform using the same powder
metallurgy standard powders they are currently using. The platform
will focus on the MIM, powder metallurgy, and mechanical
engineering market applications.
ExOne will begin taking orders for the X1 25PRO™ system
immediately. Stop by ExOne’s booth at the Formnext additive
manufacturing trade fair in Frankfurt, Germany from 13 November to
16 November to learn more about the system details. Customers will
have the opportunity to see the X1 25 PRO™ on display at the RAPID
+ TCT 3D event in Detroit on May 21-23, 2019.
Visit ExOne’s website to learn more: https://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 installed base of 3D printing machines.
ExOne’s machines serve direct and indirect applications. Direct
printing produces a component; indirect printing makes a tool to
produce a component. ExOne offers pre-production collaboration and
print products for customers through its network of ExOne Adoption
Centers (“EACs”) and Production Service Centers (“PSCs”). ExOne
also supplies the associated materials, including consumables and
replacement parts, and other services, including training and
technical support that is necessary for purchasers of its 3D
printing machines to print products. The Company believes that its
ability to print in a variety of industrial materials, as well as
its industry-leading volumetric output (as measured by build box
size and printing speed) uniquely position ExOne to serve the needs
of industrial customers.
Safe Harbor Regarding Forward Looking Statements
This news release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act with
respect to the Company’s future financial or business performance,
strategies, expectations, or planned results of its global cost
realignment initiative. Forward-looking statements typically are
identified by words or phrases such as “trend,” “potential,”
“opportunity,” “pipeline,” “believe,” “comfortable,” “expect,”
“anticipate,” “current,” “intention,” “estimate,” “position,”
“assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,”
“seek,” “achieve,” as well as similar expressions, or future or
conditional verbs such as “will,” “would,” “should,” “could” and
“may.”
The Company cautions that forward-looking statements are subject
to numerous assumptions, risks and uncertainties, which change over
time. Forward-looking statements speak only as of the date they are
made and the Company assumes no duty to and does not undertake to
update forward-looking statements. Actual results could differ
materially from those anticipated in forward-looking statements and
future results could differ materially from historical
performance.
In addition to risk factors previously disclosed in the
Company’s SEC filings, including its Annual Report on Form 10-K,
the following factors, among others, could cause results to differ
materially from forward-looking statements or historical
performance: the Company’s ability to generate operating profits;
fluctuations in the Company’s revenues and operating results; the
results of its global cost realignment initiative; the Company’s
competitive environment and its competitive position; ExOne’s
ability to enhance its 3D printing machines and technology and
develop new 3D printing machines; the Company’s ability to qualify
more industrial materials in which it can print; demand for ExOne’s
products; the availability of skilled personnel; the impact of loss
of key management; the impact of market conditions and other
factors on the carrying value of long-lived assets; the Company’s
ability to continue as a going concern; the impact of customer
specific terms in machine sale agreements on the period in which
the Company recognizes revenue; risks related to global operations
including effects of foreign currency; the adequacy of sources of
liquidity; the amount and sufficiency of funds for required capital
expenditures, working capital, and debt service; dependency on
certain critical suppliers; nature or impact of alliances and
strategic investments; reliance on critical information technology
systems; the effect of litigation, contingencies and warranty
claims; 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 impact of disruption of
the Company’s manufacturing facilities, PSCs or EACs; the adequacy
of ExOne’s protection of its intellectual property; and
expectations regarding demand for the Company’s industrial
products, operating revenues, operating and maintenance expenses,
insurance expenses and deductibles, interest expenses, debt levels,
and other matters with regard to outlook. These and other important
factors, including those discussed in the Company’s Annual Report
on Form 10-K, may cause the Company’s actual results of operations
to differ materially from any future results of operations
expressed or implied by the forward-looking statements contained
therein. Before making a decision to purchase ExOne common stock,
you should carefully consider all of the factors identified in its
Annual Report on Form 10-K and other SEC filings that could cause
actual results to differ from these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20181113005182/en/
Customers:The ExOne CompanyBob Wood, 724-864-8431Director –
Direct Materials Business
Developmentbob.wood@exone.comorInvestors:The ExOne CompanyBrian W.
Smith, 724-765-1350Senior Vice President-Corporate
Developmentbrian.smith@exone.comorKei Advisors LLCDeborah K.
Pawlowski / Karen L. Howard716-843-3908 /
716-843-3942dpawlowski@keiadvisors.com /
khoward@keiadvisors.com
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