NORTH HUNTINGDON, Pa., July 21, 2016 (GLOBE NEWSWIRE) -- The ExOne Company (NASDAQ:XONE) ("ExOne" or "the
Company"), a global provider of three-dimensional ("3D") printing machines and 3D printed and other products, materials and
services to industrial customers, announced that it was recently awarded a contract with an aggregated value of $1.5 million with
the U.S. Missile Defense Agency (“MDA”). It is a three-year contract under which ExOne will apply its 3D printing techniques
to develop silicon carbide components.
Rick Lucas, ExOne’s Chief Technology Officer, commented, “We are pleased to have the opportunity to work on this exciting
project with the MDA. This application demonstrates the unique benefits of our binder jetting technology as it applies to
direct printing; in this instance we will be developing silicon carbide materials for missile component support structures.
Compared with traditional designs, our 3D printed components will allow the MDA to improve its ballistic missile defense system
performance and reduce weight through unique designs and materials, key benefits of binder jetting 3D printing for this and many
other industries.”
For more information regarding ExOne's operations, visit the Company's website at www.exone.com.
About ExOne
ExOne is a global provider of 3D printing machines and 3D printed and other products, materials and 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’s machines serve direct and indirect applications.
Direct printing produces a component; indirect printing makes a tool to produce a component. ExOne offers pre-production
collaboration and print products for customers through its network of PSCs. ExOne also supplies the associated materials, including
consumables and replacement parts, and other services, including training and technical support that is necessary for purchasers of
its 3D printing 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 numerous assumptions, risks and uncertainties which change over time and are
typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,”
“expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,”
“sustain,” “seek,” “achieve,” as well as similar expressions, or future conditional verbs such as “will,” “would,” “should,”
“could” and “may.” 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 and from historical performance, which include: timing and length of sales
of three dimensional (“3D”) printing machines; risks related to global operations including effects of foreign currency and risks
related to the situation in the Ukraine; our ability to qualify more industrial materials in which we can print; the availability
of skilled personnel; the impact of increases in operating expenses and expenses relating to proposed 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; individual customer contractual requirements; the scope, nature or impact of alliances and strategic investments and our
ability to integrate 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; the impact of
customer specific terms in machine sale agreements on the period in which we recognize revenue; the impact of market conditions and
other factors on the carrying value of long-lived assets; and our ability to continue as a going concern
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.
For more information, contact: 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
