ARC Group Worldwide, Inc. Announces New Director Todd Grimm
DELAND, Fla., Dec. 10, 2013
DELAND, Fla., Dec. 10, 2013 /PRNewswire/ --ARC Group Worldwide, Inc. (NASDAQ:
ARCW; the "Company" or "ARC") announced today that Todd Grimm was appointed as
an Independent Director to the Company's Board of Directors. Mr. Grimm will
also be a member of the Compensation and Audit Committee.
Todd Grimm has been active in the field of 3D printing since 1990 and is
considered to be one of the top experts in the industry. Mr. Grimm is
currently President of T. A. Grimm & Associates, Inc., where he consults
leading companies on their 3D printing strategy. From 1990 to 2002, Todd held
various positions in additive manufacturing service bureaus. He serves on the
board of directors of the Additive Manufacturing Users Group (AMUG) and has
recently been appointed as a founding board member of the 3D Printing
Association. In 2012, Todd was named one of the "Top 20 Most Influential" by
The TCT Magazine.
Mr. Grimm has published dozens of articles on rapid prototyping, including his
book the "User's Guide to Rapid Prototyping", and he regularly serves as the
3D printing industry expert on numerous panels. Mr. Grimm holds a Master
Certificate in rapid prototyping & manufacturing. He also has a B.S. in
Mechanical Engineering from Purdue University.
Chairman and CEO Jason Young said, "We are honored to have Todd join our
board. As one of the leading experts in 3D printing with over 20 years of
experience with additive manufacturing, we look forward to Todd's guidance as
we more aggressively pursue our 3D printing efforts." Mr. Young further
commented, "ARC has been utilizing 3D printing for several years now, and we
have identified it as a major area of focus for our Company going forward,
particularly in the areas of rapid prototyping and short production runs.
Todd's lengthy experience is very helpful as we build our in house
capabilities of utilizing additive manufacturing in our production process and
as a service to our customers."
About ARC Group Worldwide, Inc.
ARC Group Worldwide is a diversified, global manufacturing company, as well as
the unequivocal world leader in Metal Injection Molding ("MIM"). ARC was
founded in 1987 and has a long history as a technology innovator in
manufacturing. ARC has significant expertise in lean manufacturing and
utilizes cutting edge technology including robotics, automation, and 3D
printing. ARC's mission is to bring innovation and technology to
manufacturing. ARC's core manufacturing businesses are in precision
components, flanges, fittings, and wireless technology, through its operating
subsidiaries, www.FloMet.com, www.AFTmim.com, www.Injectamax.com,
www.TeknaSeal.com, www.GeneralFlange.com and www.ArcWireless.net. For more
information about ARC Group Worldwide, please visit www.ArcGroupWorldwide.com.
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 additional factors that
may affect future results, please see filings made by ARC with the Securities
and Exchange Commission ("SEC"), including its Form 10-K for the fiscal year
ending June 30, 2013.
CONTACT: Drew Kelley
PHONE: (386) 736-4890
SOURCE ARC Group Worldwide, Inc.
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