NORTH HUNTINGDON, Pa., March 13, 2014 (GLOBE NEWSWIRE) -- The ExOne Company (Nasdaq:XONE) ("ExOne" or "the Company"), a global provider of three-dimensional ("3D") printing machines and printed products to industrial customers, announced today that it has appointed Karlebo Gjuteriteknik AB as its sales representative in Scandinavian countries for its 3D printing machines and the 3D printing of parts.
Karlebo, a part of Beijer Tech AB, represents some of the world's leading manufacturers and specializes in machinery for surface treatment, foundry, and steelworks and smelters for companies in the Nordic region. Additionally, Karlebo sells supplies to foundry and steel industries, with a strong position in die casting foundries.
"The Scandinavian region is an important market for ExOne as we continue to move throughout Europe and promote the capabilities and advantages of 3D printing for industrial applications," explained Said Omar, Sales Director of ExOne GmbH. "We are pleased to collaborate with Karlebo, a company that has optimized production at some of the Nordic region's top manufacturers for the past few decades, and has a deep knowledge of the machines and processes associated with the industry."
With Sweden ranked as the ninth largest economy in Europe, the Company believes that the Scandinavian region presents significant and varied opportunities for the application of 3D printing technology and provides meaningful sales potential for its indirect materialization process.
"Karlebo has a long tradition of delivering innovative solutions, and we look forward to continuing that tradition by working with ExOne," said Peter Skoog, Managing Director at Karlebo Gjuteriteknik AB. "We believe that ExOne's accomplishments in digital part materialization is a perfect complement to our capabilities in order to bring a significant benefit to Scandinavia customers, in industries eager for 3D printing."
For more information regarding 3D printing applications, visit ExOne's website at www.exone.com.
About ExOne
ExOne is a global provider of 3D printing machines and printed products, materials and other services to industrial customers. ExOne's business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its in-house 3D printing machines. ExOne offers pre-production collaboration and print products for customers through its seven production service centers ("PSCs"), which are located in the United States, Germany and Japan. ExOne builds 3D printing machines at its facilities in the United States and Germany. ExOne also supplies the associated materials, including consumables and replacement parts, and other services, including training and technical support, necessary for purchasers of its machines to print products.
Safe Harbor Regarding Forward Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "typically," "anticipates," "believes," "appears," "could," "plan," and other similar words. Such statements include, but are not limited to, statements concerning future revenue and earnings, involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, which include our ability to qualify more materials in which we can print; the availability of skilled personnel; the impact of increased operating expenses and expenses relating to proposed acquisitions, investments and alliances; our strategy, including the expansion and growth of our operations; the impact of loss of key management; our plans regarding increased international operations in additional international locations; sufficiency of funds for required capital expenditures, working capital, and debt service; the adequacy of sources of liquidity; expectations regarding demand for our industrial products, operating revenues, operating and maintenance expenses, insurance expenses and deductibles, interest expenses, debt levels, and other matters with regard to outlook; demand for aerospace, automotive, heavy equipment, energy/oil/gas and other industrial products; the scope, nature or impact of acquisitions, alliances and strategic investments and our ability to integrate acquisitions and strategic investments; liabilities under laws and regulations protecting the environment; the impact of governmental laws and regulations; operating hazards, war, terrorism and cancellation or unavailability of insurance coverage; the effect of litigation and contingencies; the impact of disruption of our manufacturing facilities or PSCs; the adequacy of our protection of our intellectual property; material weaknesses in our internal control over financial reporting and other factors disclosed in the Company's Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission. Because they are forward-looking, these statements should be evaluated in light of important risk factors and uncertainties.
Should one or more of these risks or uncertainties materialize, or should any of ExOne's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. The Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
CONTACT: For more information, contact:
Investors:
Brian W. Smith
Chief Financial Officer
(724) 765-1350
brian.smith@exone.com
Deborah K. Pawlowski/Karen L. Howard
Kei Advisors LLC
(716) 843-3908 /(716) 843-3942
dpawlowski@keiadvisors.com / khoward@keiadvisors.com
