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The ExOne Company (Nasdaq: XONE) has signed a commercial license agreement with the U.S. Department of Energy's Oak Ridge National Laboratory (ORNL) to manufacture parts using aluminum-infiltrated boron carbide (B4C). This agreement expands a previous R&D license, enabling ExOne to produce collimators and shielding equipment useful in neutron scattering research. The innovative process allows for the creation of lightweight, neutron-absorbing components, enhancing research capabilities. ExOne’s technology supports a variety of materials, making it a leader in binder jetting technology.
The ExOne Company (Nasdaq: XONE) has become a founding member of the Additive Manufacturing Green Trade Association (AMGTA). This collaboration aims to promote rigorous research into the sustainability of 3D printing. CEO John Hartner expressed confidence in the sustainability benefits of ExOne's binder jetting technology, which reduces material waste to less than 5%, consolidates processes, and produces lighter end products. AMGTA's efforts include publishing independent research on metal additive manufacturing's environmental impacts.
The ExOne Company (Nasdaq: XONE) has introduced an online estimating tool, the ExOne Production Metal Cost Calculator, aimed at manufacturers considering high-speed binder jet 3D printing for metal parts. The tool provides per-part cost estimates based on several input factors, helping users compare binder jetting with traditional manufacturing methods. ExOne's Pro series printers support a wide range of materials and have demonstrated strong market demand. Additionally, ExOne is advancing aluminum qualifications, enhancing their material offerings.
The ExOne Company (Nasdaq: XONE) has announced the delivery of the Innovent+ 3D printer to FreeFORM Technologies, a new metal binder jetting contract manufacturer. This partnership highlights the growing demand for ExOne's binder jetting technology, which provides efficient metal production without costly tooling. FreeFORM aims to specialize in metal parts, starting with materials like 17-4PH and 316L stainless steels. ExOne's Innovent+ is recognized for its high speed and material flexibility, making it a leading solution in the 3D printing market.
The ExOne Company (Nasdaq: XONE) has launched a new desanding station for its S-Max® and S-Max Pro™ industrial sand 3D printers. This innovative addition aims to improve throughput times by up to 50% and reduce operational costs associated with sand removal. The semi-automatic system is tailored for printers using furan and CHP binders and enhances cleanliness while simplifying sand capture for reuse. Currently in use at Eisengiesserei Mezger AG in Switzerland, this technology represents ExOne's commitment to advancing sustainable and efficient 3D printing solutions.
The ExOne Company (Nasdaq: XONE) reported strong Q3 2020 financial results with record revenues of $17.4 million, a 60% increase from $10.9 million in Q3 2019. This growth was primarily driven by a 164% rise in revenue from 3D printing machines.
Despite these achievements, the company faced challenges due to COVID-19, impacting recurring revenue and gross margin, which fell to 22.4%. A net loss of $3.3 million was recorded, but cash reserves increased to $39.9 million due to financing activities. ExOne remains optimistic for Q4 2020 and beyond, thanks to a strong backlog and new product launches.
The ExOne Company (Nasdaq: XONE) has joined a consortium led by DNV GL, which aims to establish industry-wide quality assurance guidelines for additive manufacturing. The consortium, founded in 2018, now comprises 16 key players, including Equinor and Saudi Aramco. A new standard, DNVGL-ST-B203, was released in February, focusing on wire-arc and laser-based additive manufacturing. ExOne's CEO emphasized the importance of quality standards as manufacturers transition to new technologies, highlighting the benefits of binder jetting technology in the oil and gas sectors.
The ExOne Company (Nasdaq: XONE) has announced a partnership with ITOCHU Ceratech Corporation to enhance its sand 3D printers for the use of Naigai Cerabeads®.
Cerabeads® are premium ceramic foundry sands that deliver advantages such as:
- Higher strength and heat resistance
- Improved part resolution and surface finish
- High reclamation value
ExOne will optimize its S-Print®, S-Max®, and S-Max Pro™ models for these materials and continue offering them to North American customers.
The ExOne Company (Nasdaq: XONE), a leader in industrial 3D printing, will release its third quarter 2020 financial results on November 5, 2020. A conference call is scheduled for November 6, 2020, at 8:30 a.m. ET to discuss the results, corporate strategies, and outlook. Investors can access a replay of the call and a transcript via the company's website. ExOne specializes in binder jetting technology, creating solutions that improve manufacturing efficiency and reduce waste.
The ExOne Company (Nasdaq: XONE) has secured a contract from the National Center for Defense Manufacturing and Machining (NCDMM) to develop binder jet manufacturing processes for a novel high-strength steel alloy, AF-9628, for the U.S. Air Force Research Laboratory. Awarded on September 1, the contract aims to facilitate cost-effective additive manufacturing of AF-9628, which is 20% stronger than conventional alloys. ExOne is noted for its expertise in binder jetting, having qualified over 20 materials for its 3D printing technology.
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