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The ExOne Company (Nasdaq: XONE) has launched X1 Tooling, a comprehensive portfolio of 3D printed tooling options designed for fast, affordable, and localized production of plastic, metal, and composite parts. Following the acquisition of assets from Freshmade 3D, this expansion addresses increasing customer demand for efficient tooling solutions amidst supply chain disruptions. The new products will be showcased at the Rapid + TCT event in Chicago. ExOne emphasizes that X1 Tooling can de-risk supply chains, enhance sustainability, and improve delivery times for manufacturers.
The ExOne Company (Nasdaq: XONE) announces a partnership with Celwise AB to utilize 3D-printed metal tooling in producing eco-friendly molded fiber products. Celwise’s technology transforms wood fiber into biodegradable packaging, reducing manufacturing costs and energy consumption by up to 50%. This innovative method, enabled by ExOne’s binder jetting technology, has attracted interest from global clients in consumer products and electronics. The collaboration emphasizes sustainable practices, meeting the growing demand for renewable materials.
The ExOne Company (Nasdaq: XONE) has expanded its partnership with the Fraunhofer Institute for Manufacturing Technology and Advanced Materials (IFAM) to enhance binder and materials development projects following the success of CleanFuse™ metal binder. The collaboration, which dates back over 20 years, aims to create a CleanFuse version for processing reactive materials like aluminum and titanium. ExOne's commitment to collaboration has been strengthened through this partnership, leveraging Fraunhofer IFAM's expertise in additive manufacturing technologies to optimize processes and materials.
The ExOne Company (Nasdaq: XONE) has partnered with Maxxwell Motors to develop a new copper e-winding design for electric motors using binder jetting technology. This innovation aims to improve the efficiency of electric motors by eliminating traditional manufacturing challenges, such as coil wrapping and tooling. The collaboration is expected to enhance the performance of motors used in electric vehicles and other applications while reducing manufacturing steps and material waste. Additional testing and development are currently in progress.
The ExOne Company (Nasdaq: XONE) reported record revenue results for Q2 2021, achieving $18.8 million, a 69% increase year-over-year. This growth is attributed to a 114% rise in sales of 3D printing machines. Despite the strong performance, ExOne experienced a net loss of $5.6 million, slightly higher than the previous year's loss. The company also faced challenges due to COVID-19, affecting margins and cash flow. Cash reserves decreased to $129.5 million as of June 30, 2021, reflecting operational cash outflows. The proposed acquisition by Desktop Metal remains a pivotal aspect of ExOne's future.
The ExOne Company (Nasdaq: XONE) will participate in the Canaccord Genuity 41st Annual Growth Conference on August 12, 2021. Chief Executive Officer John Hartner and Chief Financial Officer Doug Zemba will present in a fireside chat starting at 11:00 a.m. Eastern Time. A live audio webcast of the event will be available on the company's investor relations website. ExOne is known for its innovation in binder jetting technology, delivering advanced 3D printers that transform various powder materials into high-precision parts, thereby enhancing manufacturing efficiency and reducing costs.
The ExOne Company (Nasdaq: XONE) will announce its second quarter 2021 financial results on August 11, 2021, after market close. A conference call will follow at 4:30 p.m. ET to discuss results and provide strategic updates, including a Q&A session. A replay of the call will be available until August 18, 2021. ExOne is recognized for its binder jetting technology, converting various powder materials into precision components for industrial applications, enhancing manufacturing efficiency and design capabilities.
The ExOne Company (Nasdaq: XONE) has launched a new Metal 3D Printing Adoption Center in Gersthofen, Germany, enhancing its existing facilities and responding to increasing demand from European manufacturers. This center aims to provide end-to-end engineering services for direct-metal binder jet 3D printing, including design support and process development. The facility will focus on producing high-quality small-to-medium metal parts similar to Metal Injection Molding. ExOne has qualified over 20 materials for its printing process, with recent advancements including 6061 aluminum qualification and fast-tracking of titanium.
The ExOne Company (Nasdaq: XONE) has launched a Metal 3D Printing Adoption Center in Gersthofen, Germany, expanding its reach in the European market. This center aims to support manufacturers interested in metal binder jet 3D printing by providing engineering services, benchmarks, and design support. The center will focus on small-to-medium parts, qualifying over 20 materials for its binder jetting process. CEO John Hartner emphasizes the benefits of the patented technology, which offers high-speed production and industry-leading quality.
The ExOne Company (Nasdaq: XONE) has achieved a milestone by delivering over 2 million metal parts globally. The company recently installed two X1 25Pro metal printers dedicated to producing stainless steel parts, specifically 316L and 17-4PH alloys. ExOne's Metal 3D Printing Adoption Center operates continuously and offers clients the opportunity to test the company's binder jetting technology. The recent adoption of patented Triple Advanced Compaction Technology enhances production capabilities, with robust offerings that include various metals, addressing both consumer and industrial markets.
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