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HASMAK A. Ş. brings recognized foundry experience in Turkey
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Kuttner S.a.r.l. offers deep foundry connections to support efforts in France
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BL Metal s.p. supplies industrial expertise and equipment in Eastern Europe
NORTH HUNTINGDON, Pa., Oct. 15, 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 the appointment of three new independent sales representatives in Europe for ExOne's complete product portfolio, including 3D printing machines, 3D printed products and industrial microwave systems. ExOne has appointed HASMAK A. Ş. ("HASMAK") as its independent sales representative in Turkey, Kuttner S.a.r.l. ("Kuttner") as its independent sales representative in France and BL Metal s.p. ("BL Metal") as its independent sales representative in Slovenia, Croatia, Serbia, Macedonia, Bosnia and Herzegovina.
"3D printing is inherently a localized technology, and these appointments expand on our larger globalization effort to create a regionally-based sales structure that brings high levels of market knowledge and experience to our customers," said Dr. Stefan Tudyka, Head of Sales for ExOne GmbH. "ExOne identified these markets for their robust foundry operations so through relationships with HASMAK, Kuttner and BL Metal, the Company can better serve local customers with the resources and knowledge to meet their unique business needs."
ExOne's expansion into Turkey, France and Eastern Europe will be handled as follows:
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Turkey: HASMAK, founded in 1988, is a family-owned business that specializes in industrial plant manufacturing and erection, annual and preventative maintenance and industrial products distribution. Currently, the business has nearly 100 specialists, allowing for the optimal provision of intensive support, flexibility and rapid response to meet the needs of ExOne's customers. By expanding industrial 3D printing technology into Turkey, ExOne is immersing itself in a significant market, allowing for meaningful sales potential in regards to its 3D printing process. For more information, visit: http://www.hasmak.com.tr.
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France: Kuttner, founded in 1949, is comprised of several mid-sized companies that collectively specialize in the fields of iron and steel technologies, recycling of non-ferrous metals, energy management, environmental engineering, process-automation and foundry technology. Their impressive experience in the French market has played a role in the company's expansion within the substantial European economy, which will assist in satisfying ExOne's customer needs. For more information, visit: http://www.kuettner.de.
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Eastern Europe: BL Metal, founded in 2009, is a vital supplier of industrial equipment with a special focus on foundry equipment. The company possesses experienced personnel – led by Mr. Bogdan Lovšin, General Manager of BL Metal, who has accrued more than 30 years of experience in foundry technology – with the ability to provide intensive support, flexibility and rapid response to ExOne's customers. For more information, visit: http://www.bl-metal.si.
ExOne believes that establishing its 3D printing technology in these growing markets offers new sales potential for its 3D printing machines and products with many opportunities to further the applications of its binder jetting technology.
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 eight PSCs, which are located in the United States, Germany, Italy 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:
Media:
Justin Falce
Burson-Marsteller
(412) 394-6698
justin.falce@bm.com
Investors:
Brian W. Smith
ExOne, 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
