- ExOne begins move into new European headquarters; expected to complete transition through November
- Chairman & CEO Kent Rockwell honored as facility is called the S. Kent Rockwell 3D Printing Innovation Center
NORTH HUNTINGDON, Pa., Sept. 11, 2014 (GLOBE NEWSWIRE) -- The ExOne Company (Nasdaq: XONE ) ("ExOne" or "the Company"), a global provider of three-dimensional ("3D") printing machines and printed products to industrial customers, announced today that the Company has begun transitioning into its newly competed European headquarters facility in Gersthofen, Germany, located in the district of Augsburg.
The facility comprises approximately 150,700 square feet of production, warehouse, service and R&D space in addition to approximately 27,600 square feet for offices. ExOne is consolidating its five existing leased facilities in Augsburg, which currently occupy an aggregate of approximately 77,500 square feet, into its new facility. The move is expected to provide expansion capacity to support the Company's global growth strategy.
Rainer Hoechsmann, ExOne's Chief Development Officer and General Manager of ExOne GmbH commented, "We are beginning to transition our activities, which include production, warehousing, a production service center, an R&D lab, as well as our European headquarters into our new location, and we expect to have completed our move through November. We are proud to dedicate our state of the art facility as the 'S. Kent Rockwell 3D Printing Innovation Center' in honor of the leadership and significant financial support that Kent Rockwell has made in ExOne and its innovations in 3D binder jetting technology." Mr. Rockwell has been the leading executive of ExOne since his affiliated company purchased it in 2007, and guided the Company through its initial public offering in February 2013.
ExOne engaged GOLDBECK Süd GmbH, a turnkey provider of construction services focusing on Central Europe, Great Britain, Austria and Switzerland, for the design and construction of the facility. ExOne GmbH held a ground breaking ceremony for the construction of its new $20 million European headquarters in Gersthofen in October 2013.
About ExOne
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.
Brian Smith Chief Financial Officer (724) 765-1350 Deborah K. Pawlowski / Karen L. Howard Kei Advisors LLC (716) 843-3908 / (716) 843-3942 /
