Four months after the launch of its range of laser sintering printers dedicated to plastic powders (see press release of November 10, 2015), Prodways has announced the sale of 6 industrial machines using laser sintering technology, from its "Prodways by Farsoon" range. This announcement is the first success for the combined expertise in laser sintering of the R&D teams at Prodways, Norge, Farsoon and LSS.
The machines in this range use a high-power laser to fuse together successive layers of plastic powder. The six customers, including several international chemical and energy sector groups, were persuaded as a result of the machines' high thermal stability and optimized mechanical properties, combined with a fully digital, high speed and very high precision laser scan system.
The Group highlights the fact that the laser sintering sintering technology market is comparable in size to that of photosensitive liquid resins. This new range allows Prodways to cover the majority of industrial plastics applications in 3D printing.
Expansion of the sales network
Three weeks from the International AMUG (Additive Manufacturing Users Group) congress that will take place from April 3 to 7 in Saint Louis (United States), Prodways also announced the signature of six new sales partnerships.
These six new agreements will enable Prodways to be present in Russia, Greece and Poland and to strengthen its presence in the United States.
In the United States, the Group is associated with the Nexxt Labs company (Minnesota), who has been a provider of additive manufacturing solutions in the United States since 2010. Its teams include 3D printing experts, recognized for their expertise and knowledge of this sector. This distributor will strengthen the Group's teams already present via its Prodways Americas subsidiary in this very high potential market.
In Poland, Prodways signed two agreements with the VPI Polska and Focus 3D companies. VPI Polska is a Polish company that specializes in market support for virtual or fast prototyping solutions. Focus 3D specializes in the distribution of 3D solutions for the dental market.
In Russia, the Group has also chosen to do business with two new partners: Consistent Software Distribution (CSD) and Ostec Corporate Group. Consistent Software Distribution (CSD) is a major distributor of CAD CAM and GIS software and systems in Russia. It has a structure of over 100 agents and resellers in the country. Ostec Corporate Group is one of the most important engineering companies in Russia and the ex-Soviet Union, offering engineering consulting and optimization services for the electronics industry. Since its creation in 1991, Ostec has supported more than 2,500 innovation projects for a wide range of sectors: electronics, electrical engineering, industrial equipment and telecommunications.
Lastly, in Greece, Prodways has decided to join forces with the Lino s.a. company (subsidiary of LinoGroup), a major integrator for the South-East Europe region, providing software, hardware, services and materials for the digital printing industry. Over the last few years, Lino s.a. has expanded its services to additive manufacturing. As a supplier of DLP MOVINGLight® technology for the region, Lino s.a. will ensure the service and sales distribution for this technology in South-East European countries.
These six new partners, whose solid market knowledge and customer-focused approach allow them to be recognized in their respective geographical zones, will assist Prodways' growth and support its strategic objective to become the third-largest world player offering multi-technological services and all 3D printing solutions.
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 2015, the Group reported revenue of €264.8 million. It is backed by 1,536 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.
ISIN code: FR0000062671
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