The ExOne Company Awarded Order for New M-Flex Platform
First Order for Its Newest, Fastest and Largest Capacity 3D Machine Platform
for Printing Metal and Ceramics
NORTH HUNTINGDON, Pa., April 1, 2013 (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 it has been awarded an order for its newest
machine platform, the M-Flex that is expected to ship to L'Université du
Québec in the third quarter this year.
The machine debuted at the International Manufacturing Technology Show in
Chicago in September 2012. The Company has received strong global interest in
the capabilities of the M-Flex industrial 3D printing machine since being
David J. Burns, President and COO, noted, "Our new M-Flex brings a higher
level of productivity for a manufacturer of metal and ceramic parts using our
unique 3D printing process.The early acceptance of this dynamic new machine
is extremely encouraging for us and we expect customer interest to translate
quickly into orders."
The M-Flex provides a larger output capacity than previous models with speeds
that are ten times faster.As a result, total volumetric output per unit time
is significantly greater providing compelling economics for replacing
traditional machines for parts manufacturers and OEMs.A highly flexible,
user-friendly machine can print industrial grade metals and ceramics. It is
ideally suited for producing complex geometry with high accuracy.
For more information regarding the M-Flex, visit the Company's website at
ExOne is a global provider of 3D printing machines and printed products 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 through Production Service Centers, which
are located in the United States, Germany and Japan. ExOne builds 3D printing
machines at its facilities in the United States and Germany. ExOne also
supplies the associated products, including consumables and replacement parts,
and 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; 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, energy and other industrial
products; the impact of disruption of our manufacturing facilities or PSCs;
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; and the adequacy of our protection of our intellectual
proper, 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.Except as required by law, the
Company disclaims any obligation to update or publicly announce any revisions
to any of the forward-looking statements contained in this news release.
Chief Financial Officer
Deborah K. Pawlowski
Kei Advisors LLC
The ExOne Company logo
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