ARC Group Worldwide, Inc. Announces New 3D Printing Division
DELAND, Fla., Dec. 12, 2013
DELAND, Fla., Dec.12, 2013 /PRNewswire/ --ARC Group Worldwide, Inc. (NASDAQ:
ARCW; the "Company" or "ARC") announced today that it has formed a new
division, 3D Material Technologies, LLC ("3DMT"). 3DMT is focused on
utilizing ARC's experience in 3D printing, rapid prototyping, short run
production, and tooling to dramatically reduce customer's 'time to market'.
Using proprietary technology and expertise, 3D Material Technologies will
provide its customers with the ability to simplify the process of taking a
concept to production, all within a matter of days. Conventional prototype
processes typically take several weeks to months to complete and often several
additional months to reach production levels. 3D Material Technologies
utilizes 3D printing, CNC Machining, and MIM Technology to facilitate the
creation of rapid prototypes, short run production, and mass customization
parts. Further, ARC has used Fused Deposition Modeling ("FDM"), Selective
Laser Sintering ("SLS"), and Stereolithography ("SLA") technology for several
years, and will commit significant resources to build this effort in response
to burgeoning demand by customers. In particular, 3DMT views metal 3D
printing as a significant area to build out its capabilities.
Chairman and CEO Jason Young commented, "We are excited to launch 3D Material
Technologies. 3D printing is complementary to our core manufacturing
capabilities. As such, we believe 3DMT is well positioned to significantly
grow in this market segment, while responding to our customer's needs in
reducing development cycle time. We are excited about building this effort
and providing new products and services to our customers."
For more information on 3DMT, please visit www.3DMaterialTechnologies.com.
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.3DMaterialTechnologies.com, www.GeneralFlange.com and
www.ArcWireless.net. For more information about ARC Group Worldwide, please
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
ended June 30, 2013.
PHONE: (386) 736-4890
SOURCE ARC Group Worldwide, Inc.
Press spacebar to pause and continue. Press esc to stop.