GROUPE GORGE : 3D Printing: Prodways signs a service partnership agreement with LSS

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After the launch of its new range of selective laser sintering industrial printers, the "Prodways powered by Farsoon" ProMaker P series, Prodways, a subsidiary of Groupe Gorgé, announces the signature of a partnership agreement with LSS. LSS (Laser Sintering Services) is the specialist European provider of services, maintenance and process improvements for selective laser sintering using polymer powders.

Under this partnership, LSS will contribute its maintenance, application development and R&D skills to the range of "Prodways powered by Farsoon" selective laser sintering industrial printers using polymer powders. LSS will ensure the maintenance of ProMaker P series printers across Europe and will share its R&D and application expertise with that of Hunan Farsoon Tech Ltd and Prodways to develop the range of selective laser sintering printers.

This partnership complements the announcement made in late September of the substantial stake acquired in Varia 3D, based in Texas (United States). Varia 3D, whose founders are recognized experts in selective laser sintering technology for plastic and metal powders, has been brought in to strengthen the Prodways Americas teams. This stake has already enabled Prodways to extend its footprint in the United States.

Drawing on LSS's expertise, Prodways will now be able to offer a very high level of service on its printer range in Europe.

Philippe Laude, CEO of Prodways Group, said the following:

"Prodways is positioning itself as a key player in selective laser sintering using polymer powders. This tripartite partnership between Prodways, Hunan Farsoon and LSS enables us to offer the best levels of service and maintenance on this new range, and to combine the R&D and application development resources of all three companies to continue to develop the "Prodways powered by Farsoon" range of printers."

Disclaimer
 

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 Euronext Paris and on the US OTC market in the form of ADR.

NYSE Euronext Paris:

Compartment B.

ISIN code: FR0000062671
Ticker code: GOE
 

US OTC market:

CUSIP NUMBER: 399451 103
ISIN NUMBER: US3994511034
Ticker Code: GGRGY / GGRGF
 

Contacts

Groupe Gorgé - Raphaël GORGÉ – Président Directeur Général - Tél. : 01 44 77 94 77 - E-mail : contact@groupe-gorge.com
Actus Finance - Anne-Pauline PETUREAUX - Relations Analystes/Investisseurs - Tél. : 01 53 67 36 72 - E-mail : apetureaux@actus.fr
Actus Finance – Jean-Michel MARMILLON - Relations Presse - Tél. : 01 53 67 36 73 - E-mail : jmmarmillon@actus.fr
 


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