Only a few days after announcing the expansion of its technological range of industrial machines for selective laser sintering of polymers and related materials, Prodways Group announces the launch of its Aerospace division. This division offers a full range of additive manufacturing products dedicated to the aerospace sector, covering:
- design of tooling and embedded parts;
- manufacture of finished parts in plastic and metal;
- development of machines and materials for all 3D printing technologies.
The Prodways Group Aerospace division is backed up by the industrial experience of:
- the Aerospace division of ECA group, a subsidiary of Groupe Gorgé, with 30 years' experience in production, control and maintenance tooling for the aerospace sector;
- Initial, a Prodways Group subsidiary with 20 years' experience in the production of plastic and metal parts using additive manufacturing for the aerospace industry and covering a wide range of technologies and certified plastic and metal materials with an installed base of some thirty additive manufacturing machines, including a dozen metal machines;
- Prodways, a leading global player in the development of additive manufacturing machines and materials.
This new division will be based at the ECA group's premises within the European aeronautics hub in Toulouse. A showroom dedicated to the aerospace sector will be inaugurated later today, showcasing the knowledge and offering of Prodways Group's new division. In particular, it will present certain tooling applications already in use in industrial operations at aeronautical manufacturing sites, and examples of embedded parts developed on test equipment and which are entering mass production.
The aerospace market is a priority for the Prodways Group, which already counts more than ten major players in the sector as clients. Additive manufacturing is a source of breakthrough applications for this sector in terms of saving weight, improving performance, reducing costs and speeding up the manufacturing time. The Group's driving ambition for this sector could notably be described as the deployment of dedicated production lines for both plastic and metal applications.
The unique offering of the Prodways Group, encompassing expertise in the development of machines, materials and applications, will enable the Group to offer an extraordinary collaboration to its customers, and achieve the exacting quality and productivity standards required by this business.
This press release could contain statements on past events and forward-looking statements including statements regarding future goals or targets. Forward-looking statements reflect current expectations for results and future events.
Such forward-looking statements and targets depend on known and unknown risks, uncertainties and other factors that may cause actual results, performance or events to differ materially from those anticipated herein. All these risks and uncertainties could affect the Group's future ability to achieve its targets. Risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements and targets include, among other things: the risks and uncertainties possibly mentioned in this press release; the strength of competition; the growth of the market; currency fluctuations; interest rate fluctuations; raw materials and freight price fluctuations; armed conflicts or political instability; control of costs and expenses; changes in tax legislation, rules, regulation or enforcement; our ability to successfully keep pace with technology changes; our ability to attract and retain qualified personnel and key-men; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financial statements; supply chain bottlenecks; the performance of our business partners (subcontractors, agents, suppliers, etc.).
Some of these risk factors are set forth and detailed in our Document de Référence (Registration Document including the annual financial report filed with the French Autorité des Marchés Financiers). This list of risks, uncertainties and other factors is not limitative. Other non-anticipated, unknown or unforeseeable factors could also have material adverse effect on our targets. The Group expressly disclaims any obligation or undertaking to update or revise any forward-looking statements or targets potentially contained in this press release to reflect any change in events, conditions, assumptions or circumstances on which any such statements are based.
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About Groupe Gorgé
Established in 1990, Group Gorgé is an industrial group operating in different areas of expertise:
Smart Safety Systems – Using technology to work in risk environments;
Protection in Nuclear Environments – Protecting people and securing buildings operating with radioactive materials;
Industrial Projects & Services Conducting Robotics and Fire protection systems projects for industry and service-sector player;
3D Printing – Enabling major industry players to find new routes to successful innovation and production processes by providing systems, 3D printers and new premium material.
In 2014, the Group reported revenue of €223.3 million. It is backed by 1,370 employees and operations in over ten countries.
More information available on www.groupe-gorge.com
Groupe Gorgé is listed on NYSE Euronext Paris and on the US OTC market in the form of ADR.
NYSE Euronext Paris:
ISIN code: FR0000062671
Ticker code: GOE
US OTC market:
CUSIP NUMBER: 399451 103
ISIN NUMBER: US3994511034
Ticker Code: GGRGY / GGRGF
Groupe Gorgé - Raphaël GORGÉ – Président Directeur Général - Tél. : 01 44 77 94 77 - E-mail : firstname.lastname@example.org
Actus Finance - Anne-Pauline PETUREAUX - Relations Analystes/Investisseurs - Tél. : 01 53 67 36 72 - E-mail : email@example.com
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