NORTH HUNTINGDON, Pa.--(BUSINESS WIRE)--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.
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.
