DELAND, Fla., May 05, 2017 (GLOBE NEWSWIRE) -- ARC Group Worldwide, Inc. (“ARC” and the “Company”) (NASDAQ: ARCW ), a leading global provider of advanced manufacturing and metal 3D printing solutions, and EOS, the global technology and quality leader for industrial 3D printing solutions, today announced an expanded partnership, through the acquisition of four additional EOS M 280 metal 3D printers.
The four new EOS M 280s add to ARC’s existing seven EOS M 280s and one EOS M 400, in addition to its three other industrial metal 3D printers. ARC’s total of 15 metal 3D printers makes it one of the largest installed bases of industrial metal additive manufacturing (AM) solutions in North America.
ARC’s expanded capacity supports the rollout of a full-production program that has been in development for the last year. This new program is one of the first of its kind, which is a high-volume, full production part. Volume on this new program is expected to ramp-up during the summer, ultimately likely to require more than nine dedicated AM machines to produce more than 10,000 components annually, consuming more than 12,000 lbs of Inconel 718 metal powder, per year.
“We chose to expand our partnership with EOS because they have one of the most reliable, high quality, production focused metal additive machines on the market,” said Jason Young, CEO of ARC. “Balancing speed, flexibility and precision is important in providing our customers with a compelling AM solution, and EOS is a key piece of that. Our value proposition in metal 3D, which we expect to be a material part of our business in the coming years, is centered around proprietary material development, specialized design capability and support, and true production capability combined with cost, quality and fast delivery. Given recent growth in our metal 3D business, we are in the process of moving it into a state-of-the-art, dedicated AM technology center, which will have several unique capabilities that should provide our customers with one of the most compelling solutions in the industry, along with room to add additional capacity.”
“ARC has a strong vision regarding how to succeed and bring value to its customers in the AM market – well thought and with clear value centered on quality and capacity,” said Andy Snow, Senior Vice President, EOS North America. “They’re poised to have serious impact in the metal AM space. We’re glad to be a part of it and look forward to watching their success.”
About EOS EOS is the world’s leading technology supplier in the field of industrial 3D printing of metals and polymers. Formed in 1989, the independent company is pioneer and innovator for comprehensive solutions in additive manufacturing. Its product portfolio of EOS systems, materials, and process parameters gives customers crucial competitive advantages in terms of product quality and the long-term economic sustainability of their manufacturing processes. www.eos.info
About ARC Group Worldwide, Inc.
ARC Group Worldwide, Inc. is a global advanced manufacturing and metal 3D printing service provider focused on accelerating speed-to-market for its customers. ARC utilizes technology to improve automation in manufacturing through robotics, software and process automation, as well as lean manufacturing to improve efficiency. ARC provides a holistic set of precision manufacturing solutions, from design and prototyping through full run production. These solutions include metal injection molding , plastic and metal 3D printing , metal stamping , plastic injection molding , clean room injection molding, rapid tooling , thixomolding , and flanges .
Forward Looking Statements
This press release may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995, which are based on ARC’s current expectations, estimates and projections about future events. These include, but are not limited to, statements, if any, regarding business plans, pro-forma statements and financial projections, ARC’s ability to expand its services and realize growth. These statements are not historical facts or guarantees of future performance, events or results. Such statements involve potential risks and uncertainties, and the general effects of financial, economic, and regulatory conditions affecting our industries. Accordingly, actual results may differ materially. ARC does not have any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For further information on risks and uncertainties that could affect ARC’s business, financial condition and results of operations, readers are encouraged to review Item 1A. – Risk Factors and all other disclosures appearing in ARC’s Form 10-K for the fiscal year ended June 30, 2016, as well as other documents ARC files from time to time with the Securities and Exchange Commission.
CONTACT: Drew M. Kelley PHONE: (303) 467-5236 Email: InvestorRelations@ArcGroupWorldwide.com
