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Prodways, Safran partner to create inorganic 3D printing materials; Prodways IPO subscription starts tomorrow
Apr 26, 2017 | By Tess
French aircraft engineering company Safran has announced a new partnership with Prodways, the 3D printing solutions subsidiary of Gorgé Group. Together, the companies will seek to develop new and innovative 3D printing materials and processes. As part of the collaboration, Safran will also acquire a stake in Prodways.
The partnership agreement signed by both companies is a non-exclusive five-year contract which allows for new, more specific contracts to supplement the main agreement. These additional contracts can cover adjacent manufacturing areas, such as casting, indirect metal part manufacturing, and composite high-temperature polymer powders. The five-year partnership can also be renewed through a joint amendment if necessary.
According to the recently signed agreement, Safran Group and Prodways will work together to develop new 3D printing materials with inorganic compounds (such as ceramics and metals) as well as assembly processes for the new materials. Safran is reportedly hoping to integrate the specially developed additive manufacturing materials into its own products.
"This agreement reflects Safran's proactive policy on additive manufacturing," commented Stéphane Cueille, Executive Vice President, R&T and Innovation at Safran. "Safran is already at the cutting edge of this field, and uses 3D printing technology to make parts and subassemblies for its engines, as well as aircraft and defense equipment. Through this agreement, the two companies will be able to pool their skills to effectively transform the technology building blocks offered by Prodways into additive manufacturing processes for Safran products."
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As mentioned, Safran has also acquired a stake in its new 3D printing partner, and the deal will see the co-head of Safran Corporate Ventures, Hélène de Cointet, join the Prodways Group Board of Directors. Looking at the stakes more specifically, Safran Corporate Ventures (in conjunction with Fimalac and BNPP) subscribed to convertible bonds prior to Prodways Group being listed on Euronext Paris, the French securities market.
The IPO listing, which will be official on May 12 2017, was announced earlier today by Prodways Group. According to the company, the indicative range for its share value is estimated at between EUR 3.8 and EUR 4.8 per share. The subscription period for Prodways’ IPO will launch tomorrow (April 27) and will run until May 10 inclusive.
Groupe Gorgé, Prodways’ parent company, also announced it is hoping to raise up to EUR 52.3 million through the IPO listing. Groupe Gorgé and its subsidiary ECA will benefit from priority orders.
In 2016, Prodways Group recorded sales of EUR 25.2 million, with 58% of the sales generated on through international markets. A leader in 3D printing solutions, Prodways has worked in various different sectors, including aerospace and healthcare, and has partnered with a number of companies around the globe including Nexteam, A. Schulman, Farsoon, and more.
http://www.3ders.org/articles/20170426-prodways-safran-partner-to-create-inorganic-3d-printing-materials;-prodways-ipo-subscription-starts-tomorrow.html
PRODWAYS GROUP is the sole European company present at every stage of the 3D printing value chain (machines, materials, parts and services).
http://www.4-traders.com/GROUPE-GORGE-5158/news/Groupe-Gorge-Gorge-plans-to-launch-an-initial-public-offering-IPO-on-its-3D-printing-division-P-23994761/
Groupe Gorge : Gorgé plans to launch an initial public offering (IPO) on its 3D printing division, Prodways Group
Paris, March 7th 2017, 07h00
Smart Safety Systems Protection of High-Risk Installations 3D Printing About Groupe Gorgé
Groupe Gorgé is an independent group that specializes in high-tech industries. Today, the Group is active in the fields of security and protection in extreme environments, as well as in the 3D printing sector. It employs around 1,700 people, is located in eight countries and directly exports around 40% of its activity. In its more than twenty-five year history, Groupe Gorgé has always developed and driven the latest technological and industrial innovations.
Smart Safety Systems: Developing complete, innovative technological solutions for complex missions in hostile and confined environments. Protection of High-Risk Installations:
Protecting people and ensuring the active and passive protection of installations for energy markets and industrial and tertiary sectors in France. Ensuring the maintenance of these protection systems.
3D Printing:
Enabling major industry players to find new routes to successful innovation and production processes by providing systems, 3D printers and new premium material.
In 2016, the Group reported revenue of €281.2 million. It is backed by 1,700 employees and operations in over ten countries.
More information available on www.groupe-gorge.com
Groupe Gorgé is listed on Euronext Paris and on the US OTC market in the form of ADR.
Euronext Paris: Compartment B.
ISIN code: FR0000062671
Ticker code: GOE
US OTC market:
CUSIP NUMBER: 399451 103 ISIN NUMBER: US3994511034
Ticker Code: GGRGY / GGRGF
GROUPE GORGE plans to launch an initial public offering (IPO) on its 3D printing division, PRODWAYS GROUP
The IPO will raise funds to step up the expansion of the 3D printing division and take it to the second phase of growth.
GROUPE GORGE plans to launch the PRODWAYS GROUP initial public offering in 2017 on Euronext Paris, subject to market conditions. Since GROUPE GORGE intends to remain the largest long-term shareholder, the IPO would take the form of a capital increase and is expected to raise funding for PRODWAYS GROUP to accelerate its ambitious strategy of market share gains.
PRODWAYS GROUP saw its revenue climb from €0.1 million in 2013 to more than
€25 million in 2016, while its headcount rose from 1 to 248 in the same period. This vigorous growth was achieved by a strategy combining organic growth, sustained by substantial capital expenditure, and targeted acquisitions in the B2B 3D printing segment.
PRODWAYS GROUP is the sole European company present at every stage of the 3D printing value chain (machines, materials, parts and services). It has two divisions: SYSTEMS (machines and materials, €13.1 million in 2016 revenue, with 90% in the international market), and PRODUCTS (parts on request and industry applications, €12.1 million in revenue in 2016).
Backed by its significant export market (international business accounts for 58% of total revenue) and its breakthrough MOVINGLight® technology, PRODWAYS GROUP enjoys global visibility in the industrial 3D printing industry and is well positioned with top-tier clients.
Contact
Groupe Gorgé - Raphaël GORGÉ - CEO & Chairman - Tel.: +33 1 44 77 94 77 - E-mail: contact@groupe-gorge.com Finance News - Natacha MORANDI - Analysts/Investors Relations - Tel.: +33 1 53 67 36 94 - E-mail: nmorandi@actus.fr
Finance News - Jean-Michel MARMILLON - Press Relations - Tel.: +33 1 53 67 36 73 - E-mail: jmmarmillon@actus.fr
Image 7 - Lauranne Guirlinger - Press relations - Tel: +33 1 53 70 74 18 - E-mail: lguirlinger@image7.fr
The industrial 3D printing market is expected to grow 31% per year in the period 2015-2021 (CAGR1, source: Wohlers Report). Excluding major acquisitions, PRODWAYS GROUP targets until 2019 a growth at least 4 percentage points higher than the market. It aims to achieve break-even (EBITDA²) in Q4 2017, with an EBITDA² margin in the double digits by 2019.
1 CAGR: compound annual growth rate.
2 EBITDA is not a standardized accounting aggregate with a single and generally accepted definition. It may not be considered a substitute for operating income, net income, net cash provided by operating activities, or a measure of liquidity. Companies with similar or different businesses may calculate EBITDA differently. The company uses EBITDA to mean operating income before depreciation, impairment and other non-current items recognized in operating income.
Groupe Gorge-Prodways
Target revenue achieved: EUR 281.2 M, strong growth in 3D printing
https://www.euronext.com/en/cpr/target-revenue-achieved-eur-2812-m-strong-growth-3d-printing
3 D related parts "snipped"
Lastly, the 3D printing division performed well in the last quarter, with growth of 54.3% at €7.5 million, to end the year with growth of 41.6% (€25.2 million compared to €17.8 million in 2015). The Systems business (printers and materials) generated €13.1 million in revenue, up by 22.2% and the Products activity (parts sales) €12.1 million, up by 68.9% (in 2015, the Initial subsidiary was consolidated only over 9 months).
The 3D printing division yet again produced very strong growth in 2016. Prodways Group is exclusively positioned in the professional industrial 3D printing sector, used for rapid manufacturing beyond prototyping and which is the most promising market in terms of volumes and repeat orders.
The range from the 3D Printing division has broadened to address and better serve specific markets. The division continues to develop applications in the medical sector, particularly in the manufacture of 3D printed parts for this sector and more specifically for dental and chiropody applications.
In 2016, Prodways Group announced the launch of its new powder sintering machine, the ProMaker P1000. This machine is the first professional powder sintering machine sold for under €100,000. The Group hopes to fairly significantly develop sales of this new machine in 2017, for which marketing will be launched during the first half-year.
New propriety technologies for metal 3D printing machines are also being developed.
CyberOptics Advances Breakthrough Multi-Reflection Suppression (MRS) Sensor Technology to an Even Higher Resolution
Source: Business Wire
Ultra High-Resolution MRS sensor to be Unveiled at APEX
CyberOptics® Corporation (NASDAQ: CYBE), a leading global developer and manufacturer of high precision 3D sensing technology solutions, will unveil an advanced Ultra-High Resolution Multi-Reflection Suppression (MRS) sensor for the CyberOptics SQ3000™ 3D AOI system in Booth #2809 at the 2017 IPC APEX EXPO, Feb. 14-16, 2017, at the San Diego Convention Center, California.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170117005596/en/
Ultra-High Resolution Multi-Reflection Suppression sensor to be Unveiled at APEX (Photo: Business Wi ...
Ultra-High Resolution Multi-Reflection Suppression sensor to be Unveiled at APEX (Photo: Business Wire)
CyberOptics has advanced the proprietary Multi-Reflection Suppression (MRS) sensor to an even finer resolution. The Ultra-High Resolution MRS sensor will be an option available for the award-winning SQ3000™ 3D Automated Optical Inspection (AOI) system. This sensor enhances the SQ3000 3D AOI platform, delivering superior inspection performance, ideally suited for the 0201 metric process and micro-electronic applications where an even greater degree of accuracy and inspection reliability is critical.
“The Ultra-High Resolution MRS sensor enables an even greater degree of accuracy that will provide our customers superior inspection performance and reliability to address the finer 0201 metric and micro-electronics applications,” said Dr. Subodh Kulkarni, President and CEO of CyberOptics. “This advancement will enable CyberOptics to further penetrate these market applications that have the most stringent requirements.”
The SQ3000™ 3D AOI system, deemed Best-in-Class, maximizes ROI and line utilization with multi-view 3D sensors that capture and transmit data simultaneously and in parallel, accelerating 3D inspection speed versus alternate technology. The proprietary MRS sensor technology with the highly sophisticated 3D fusing algorithms offers microscopic image quality at production speeds.
CyberOptics’ CyberGage360 3D Scanning and Inspection system, SE600 SPI system and QX250i AOI system will also be demonstrated at APEX.
For more information, visit www.cyberoptics.com.
About CyberOptics
CyberOptics Corporation (www.cyberoptics.com) is a leading global developer and manufacturer of high precision sensing technology solutions. CyberOptics’ sensors are used in general purpose metrology and 3D scanning, surface mount technology (SMT) and semiconductor markets to significantly improve yields and productivity. By leveraging its leading edge technologies, the company has strategically established itself as a global leader in high precision 3D sensors, allowing CyberOptics to further increase its penetration of key vertical segments. Headquartered in Minneapolis, Minnesota, CyberOptics conducts worldwide operations through its facilities in North America, Asia and Europe.
Statements regarding the Company’s anticipated performance are forward-looking and therefore involve risks and uncertainties, including but not limited to: market conditions in the global SMT and semiconductor capital equipment industries; increasing price competition and price pressure on our product sales, particularly our SMT systems; the level of orders from our OEM customers; the availability of parts required to meet customer orders; unanticipated product development challenges; the effect of world events on our sales, the majority of which are from foreign customers; rapid changes in technology in the electronics markets; product introductions and pricing by our competitors; the success of our 3D technology initiatives, including CyberGage360, and other factors set forth in the Company’s filings with the Securities and Exchange Commission.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170117005596/en/
CyberOptics Corporation
Carla Furanna, 952-820-5837
www.cyberoptics.com
Stock broke through 38 today from 34 yesterday.
Something is driving this stock hard.
CYBE has been on a tear....was under $10 in 4/2016 and now trades almost $34
http://www.businesswire.com/news/home/20170117005596/en/
CyberOptics® Corporation (NASDAQ: CYBE), a leading global developer and manufacturer of high precision 3D sensing technology solutions, will unveil an advanced Ultra-High Resolution Multi-Reflection Suppression (MRS) sensor for the CyberOptics SQ3000™ 3D AOI system in Booth #2809 at the 2017 IPC APEX EXPO, Feb. 14-16, 2017, at the San Diego Convention Center, California.
“The Ultra-High Resolution MRS sensor enables an even greater degree of accuracy that will provide our customers superior inspection performance and reliability to address the finer 0201 metric and micro-electronics applications”
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CyberOptics has advanced the proprietary Multi-Reflection Suppression (MRS) sensor to an even finer resolution. The Ultra-High Resolution MRS sensor will be an option available for the award-winning SQ3000™ 3D Automated Optical Inspection (AOI) system. This sensor enhances the SQ3000 3D AOI platform, delivering superior inspection performance, ideally suited for the 0201 metric process and micro-electronic applications where an even greater degree of accuracy and inspection reliability is critical.
“The Ultra-High Resolution MRS sensor enables an even greater degree of accuracy that will provide our customers superior inspection performance and reliability to address the finer 0201 metric and micro-electronics applications,” said Dr. Subodh Kulkarni, President and CEO of CyberOptics. “This advancement will enable CyberOptics to further penetrate these market applications that have the most stringent requirements.”
The SQ3000™ 3D AOI system, deemed Best-in-Class, maximizes ROI and line utilization with multi-view 3D sensors that capture and transmit data simultaneously and in parallel, accelerating 3D inspection speed versus alternate technology. The proprietary MRS sensor technology with the highly sophisticated 3D fusing algorithms offers microscopic image quality at production speeds.
CyberOptics’ CyberGage360 3D Scanning and Inspection system, SE600 SPI system and QX250i AOI system will also be demonstrated at APEX.
For more information, visit www.cyberoptics.com.
About CyberOptics
CyberOptics Corporation (www.cyberoptics.com) is a leading global developer and manufacturer of high precision sensing technology solutions. CyberOptics’ sensors are used in general purpose metrology and 3D scanning, surface mount technology (SMT) and semiconductor markets to significantly improve yields and productivity. By leveraging its leading edge technologies, the company has strategically established itself as a global leader in high precision 3D sensors, allowing CyberOptics to further increase its penetration of key vertical segments. Headquartered in Minneapolis, Minnesota, CyberOptics conducts worldwide operations through its facilities in North America, Asia and Europe.
Statements regarding the Company’s anticipated performance are forward-looking and therefore involve risks and uncertainties, including but not limited to: market conditions in the global SMT and semiconductor capital equipment industries; increasing price competition and price pressure on our product sales, particularly our SMT systems; the level of orders from our OEM customers; the availability of parts required to meet customer orders; unanticipated product development challenges; the effect of world events on our sales, the majority of which are from foreign customers; rapid changes in technology in the electronics markets; product introductions and pricing by our competitors; the success of our 3D technology initiatives, including CyberGage360, and other factors set forth in the Company’s filings with the Securities and Exchange Commission.
Contacts
CyberOptics Corporation
Carla Furanna, 952-820-5837
www.cyberoptics.com
Prodways, a Groupe Gorgé subsidiary, partners
with Cerhum to strengthen its ceramic offer and
develop the 3D printing of the future
http://www.groupe-gorge.com/en/wp-content/uploads/sites/4/2016/11/PR_GG_Prodways_announces_a_partnership_with_Cerhum_ENG.pdf
Concurrently with the FormNext trade show in Frankfurt,
Prodways - a Groupe Gorgé subsidiary - announces its partnership with Cerhum, the expert in ceramic applications, to broaden its offer of high-performance materials for its MOVINGLight® technology. By targeting ceramic materials and printing processes, this partnership endeavors to offer comprehensive solutions for ceramic additive manufacturing with the aim to develop new biomedical applications.
Based on its exclusive MOVINGLight® technology, Prodways offers 3D printers able to process photoresists in addition to technical ceramic, providing as yet unequaled levels of precision, high-quality detail and finishing in the area of ceramic printing. Convinced that industrial innovation depends on the development of comprehensive solutions for each application, Prodways has partnered with Cerhum to optimize the synergy between technology and ceramic materials, and to draw on its expertise in the promising fields of orthopedics, maxillofacial surgery, and bone reconstruction.
Cerhum: a cutting-edge business in ceramic 3D printing
The fruit of 15 years' experience within SIRRIS, Cerhum is a spinout that was created to offer high-performance ceramic solutions for additive manufacturing.
Drawing on an experienced team renowned for its developments in ceramic materials, Cerhum offers its expertise across all additive manufacturing services, ranging from parts design to production directly at the client's premises, in addition to the development of ceramic materials.
This partnership aims in particular to market new, high-performance ceramic materials formulated specifically for the biomedical industry and developed by Cerhum. It will also make it possible to refine application processes for the other ceramic materials offered by Prodways as part of its MOVINGLight® technology, bringing exclusive benefits and great development potential for innovative industrial and biomedical applications.
In the words of Grégory Nolens, founder and CEO of Cerhum: "Over and above the combination of Prodways' indisputable expertise in its exclusive MOVINGLight® technology, and Cerhum's expertise in high-performance ceramic materials, this partnership expresses our shared determination to support our customers at every stage of their additive manufacturing requirements by offering unique expertise and comprehensive services and solutions tailored to their need for innovation."
This partnership confirms Prodways' strong desire to open up its technologies to leading industrial partners to develop the materials that will lead to the 3D printing of the future.
Prodways, a Groupe Gorgé subsidiary, partners
with Cerhum to strengthen its ceramic offer and
develop the 3D printing of the future
http://www.groupe-gorge.com/en/wp-content/uploads/sites/4/2016/11/PR_GG_Prodways_announces_a_partnership_with_Cerhum_ENG.pdf
Concurrently with the FormNext trade show in Frankfurt,
Prodways - a Groupe Gorgé subsidiary - announces its partnership with Cerhum, the expert in ceramic applications, to broaden its offer of high-performance materials for its MOVINGLight® technology. By targeting ceramic materials and printing processes, this partnership endeavors to offer comprehensive solutions for ceramic additive manufacturing with the aim to develop new biomedical applications.
Based on its exclusive MOVINGLight® technology, Prodways offers 3D printers able to process photoresists in addition to technical ceramic, providing as yet unequaled levels of precision, high-quality detail and finishing in the area of ceramic printing. Convinced that industrial innovation depends on the development of comprehensive solutions for each application, Prodways has partnered with Cerhum to optimize the synergy between technology and ceramic materials, and to draw on its expertise in the promising fields of orthopedics, maxillofacial surgery, and bone reconstruction.
Cerhum: a cutting-edge business in ceramic 3D printing
The fruit of 15 years' experience within SIRRIS, Cerhum is a spinout that was created to offer high-performance ceramic solutions for additive manufacturing.
Drawing on an experienced team renowned for its developments in ceramic materials, Cerhum offers its expertise across all additive manufacturing services, ranging from parts design to production directly at the client's premises, in addition to the development of ceramic materials.
This partnership aims in particular to market new, high-performance ceramic materials formulated specifically for the biomedical industry and developed by Cerhum. It will also make it possible to refine application processes for the other ceramic materials offered by Prodways as part of its MOVINGLight® technology, bringing exclusive benefits and great development potential for innovative industrial and biomedical applications.
In the words of Grégory Nolens, founder and CEO of Cerhum: "Over and above the combination of Prodways' indisputable expertise in its exclusive MOVINGLight® technology, and Cerhum's expertise in high-performance ceramic materials, this partnership expresses our shared determination to support our customers at every stage of their additive manufacturing requirements by offering unique expertise and comprehensive services and solutions tailored to their need for innovation."
This partnership confirms Prodways' strong desire to open up its technologies to leading industrial partners to develop the materials that will lead to the 3D printing of the future.
André-Luc Allanic, Director of the R&D department
of Prodways, voted 2016 Engineer of the Year
http://www.groupe-gorge.com/en/wp-content/uploads/sites/4/2016/12/PR_GG_AL_Allanic_RD_Director_of_Prodways_voted_Engineer_of_the_year_ENG.pdf
During the 2016 Engineers of the Future Awards Ceremony, held at the Pavillon Champs-Elysées in Paris on Tuesday, December 6, André-Luc Allanic, co-founder and Director of the R&D department of Prodways (a Groupe Gorgé subsidiary), was awarded the Engineer of the Year prize by the editorial staff of Usine Nouvelle magazine.
This award marks a significant year with many developments at Prodways, with the sale of its 70th ProMaker 3D printer, and the first sale of its
selective laser sintering ProMaker P1000.
Recognizing an innovator's achievements:
This award acknowledges André-Luc Allanic's contribution to the technological advances of additive manufacturing. André-Luc Allanic is one of the global experts and pioneers in 3D printing. He has worked on various innovative technologies over the last 25 years (in particular stereolithography and metal and polymer powder sintering). In the early 90s, he developed some of the first European 3D printers for the CNRS. Joining the corporate world in 1993 at "Laser 3D", André-Luc Allanic designed stereolithography machines that were already the fastest on the market at that time.
In 1997, André-Luc Allanic created his own company,"Optoform", and developed revolutionary 3D printing systems. In 2001, the company was purchased by the global leader in 3D printing, "3DSystems" (US), which already saw Mr. Allanic's innovations as foreshadowing "the future of the industry".
In 2007, André-Luc Allanic created his own company in France, in order to
implement his new technology: the patented MOVINGLight® technology, which
offers unparalleled resolution combined with very high productivity. His meeting with Raphaël Gorgé in 2013 marked the entry of Groupe Gorgé in 3D printing.
The completion of new stages in its development:
This award also marks the end of a significant year with many developments for Prodways, positioned as a key player in additive manufacturing.
Prodways takes this opportunity to announce the sale, in December, of its 70th
3D printer for an application of manufacturing of injection mold in 3D printing
(spanning all technologies). This end of year is also marked by the first success of its most recent innovation, the ProMaker P1000, its professional selective laser sintering printer at less than €100,000. Its first sale was completed directly at the FormNext trade show held end-November alongside allthe major global players in additive manufacturing.
By 2017, this machine could be
André-Luc Allanic, Director of the R&D department
of Prodways, voted 2016 Engineer of the Year
http://www.groupe-gorge.com/en/wp-content/uploads/sites/4/2016/12/PR_GG_AL_Allanic_RD_Director_of_Prodways_voted_Engineer_of_the_year_ENG.pdf
During the 2016 Engineers of the Future Awards Ceremony, held at the Pavillon Champs-Elysées in Paris on Tuesday, December 6, André-Luc Allanic, co-founder and Director of the R&D department of Prodways (a Groupe Gorgé subsidiary), was awarded the Engineer of the Year prize by the editorial staff of Usine Nouvelle magazine.
This award marks a significant year with many developments at Prodways, with the sale of its 70th ProMaker 3D printer, and the first sale of its
selective laser sintering ProMaker P1000.
Recognizing an innovator's achievements:
This award acknowledges André-Luc Allanic's contribution to the technological advances of additive manufacturing. André-Luc Allanic is one of the global experts and pioneers in 3D printing. He has worked on various innovative technologies over the last 25 years (in particular stereolithography and metal and polymer powder sintering). In the early 90s, he developed some of the first European 3D printers for the CNRS. Joining the corporate world in 1993 at "Laser 3D", André-Luc Allanic designed stereolithography machines that were already the fastest on the market at that time.
In 1997, André-Luc Allanic created his own company,"Optoform", and developed revolutionary 3D printing systems. In 2001, the company was purchased by the global leader in 3D printing, "3DSystems" (US), which already saw Mr. Allanic's innovations as foreshadowing "the future of the industry".
In 2007, André-Luc Allanic created his own company in France, in order to
implement his new technology: the patented MOVINGLight® technology, which
offers unparalleled resolution combined with very high productivity. His meeting with Raphaël Gorgé in 2013 marked the entry of Groupe Gorgé in 3D printing.
The completion of new stages in its development:
This award also marks the end of a significant year with many developments for Prodways, positioned as a key player in additive manufacturing.
Prodways takes this opportunity to announce the sale, in December, of its 70th
3D printer for an application of manufacturing of injection mold in 3D printing
(spanning all technologies). This end of year is also marked by the first success of its most recent innovation, the ProMaker P1000, its professional selective laser sintering printer at less than €100,000. Its first sale was completed directly at the FormNext trade show held end-November alongside allthe major global players in additive manufacturing.
By 2017, this machine could be the best selling machine of the range.
They keep setting new highs....
Prodways-Nexteam Partnership Aims to Forge Ahead in 3D Metal Printing for Aerospace Clientele
https://3dprint.com/116421/prodways-nexteam-partners/
GE To Acquire Arcam AB And SLM Solutions Group AG - Quick Facts
Read more: http://www.nasdaq.com/article/ge-to-acquire-arcam-ab-and-slm-solutions-group-ag--quick-facts-20160906-00068#ixzz4JSUiLZwm
Close to 52 week low.
http://3dprintingindustry.com/news/groupe-gorge-announce-51-increase-3d-printing-sales-90118/
Groupe Gorgé announce 51% increase in 3D printing sales
Groupe Gorgé today published financial results for the second quarter of 2016. The stock market viewed the news in a positive light and the announcement drove the companies share price higher with an increase of almost 5%. The unaudited financial statements show that 3D printing revenue is the fastest growing division at the company.
Shaping Up to be Global Competitor
The French company was founded in 1990 and now employs over 1,600 people in operations that span more than 10 countries. Groupe Gorgé derives the majority of revenue from automated smart safety systems and the provision of robotics for use in hazardous environments. They also perform industrial maintenance and install systems for use in nuclear safety, mainly to protect those working with nuclear materials.
Groupe Gorgé’s 3D printing division is focused on, “Enabling major industry players to find new routes to successful innovation and production processes by providing systems, 3D printers and new premium material.” Groupe Gorgé entered the 3D printing market in 2013 with the acquisition of Prodways.
Prodways make 3D printers using their MOVINGlight technology; this uses a mobile Digital Light Projector (DLP) that projects the image and cures as the head moves. This means the printer can create detailed parts at much larger build volumes. The technology is used on their Promaker L Series of industrial 3D printers, while the V Series 3D printers print in ceramics and metals.
When Prodways first demonstrated their printers at Euromold back in 2013, 3DPI suggested the company were one, “to keep an eye on”. The Prodways’ Entrepreneurs program was launched in June 2014 to develop the market and in the same year the company released 9 different printers and 14 materials at Euromold.
3D Printing Revenue Fastest Growing
Today’s announcement illustrates that their 3D printing strategy is paying off. Groupe Gorgé’s revenue from 3D printing was €12.1m ($13.3m) for the 6 months ending 30 June, 2016. The company booked 3D printing related sales driving a 51.3% increase in the period. 3D printing revenue currently contributes less than 10% to the total €141.7m ($155.6m) reported total. However, of the 4 revenue streams growth in the 3D printing category has outpaced other divisions. The Protection in Nuclear Environments division reported the second highest percentage growth rate as 26%, almost half that of 3D printing.
Groupe Gorgé have reported sustained growth over the past 13 quarters and say the revenue from 3D printing is “satisfactory”. According to the company, they anticipate further growth in this area during the second half of the year. 2016 is a, “major phase in the development” of this line of business and work is in progress to consolidate the acquisitions made in 2015 and to build upon partnerships with industry. These partnerships include a deal with the 3rd largest manufacturer of selective laser sintering 3D printers, Farsoon.
prodways farsoon metal 3D printing logo
Strategic Acquisitions
One of the acquisitions referenced is the purchase of a dental laboratory in France. Initial customers for Prodways were in the dental industry and further vertical integration into supply chain here will allow Groupe Gorgé to capture additional value. This is a strategy seen at other 3D printer manufacturers such as Arcam who own a medical implant contract manufacturer. In Arcam’s case the approach has been successful and allowed customers to dip their feet in the water by testing the viability and economic impact of sourcing 3D printed components before taking the plunge with an investment in a 3D printer of their own. Prodways also acquired a Norge, a startup involved in SLS for plastic powder. Again, this is a common strategy to deepen the value chain and was evident in Arcam’s acquisition of AP&C, a manufacturer of specialist metal powders.
Prodways recently announced their first sales in the important 3D printing market of Korea. The company sold a ProMaker L7000 and a ProMaker L5000, “to one of the most trusted public research and R&D institutes in Korea”. The company has also signed a partnership agreement with Japanese company Altech Co who specialize in the import and sale of machines. Hidehiko Suyama, Managing Director of Altech, said, “This market has experienced massive growth in just a few years, and the product range has expanded through this growth. We are convinced that Prodways has all the necessary resources to meet the professional and industrial demand via products and a sales strategy in perfect keeping with our current equipment offer. We believe in our partnership with Prodways in the long term.”
Expanding International Markets
The Japanese market for industrial grade 3D printers is set to heat up with local company Ricoh announcing a possible addition to their existing line of 3D printers during the Tokyo Big Site last month. Ricoh showcased a, “prototype and not ready for launching in the market” at the show but as of yet, “commercialization and its timing are to be determined” according to Yukari Ezoe at the company. By revenue Ricoh is a much larger company than Group Gorgé, the most recent full year financial results reported $909m compared to $290m for the French company. Ricoh entered the 3D printing market in 2014 with technology developed in association with Aspect Inc. However, 3D printing sales at Ricoh have been sluggish, whereas Groupe Gorgé’s acquisition of Prodways in 2013 gave the French company a head start of one year and access to a range of 3D printers already under development.
With revenue spread across 4 divisions the company has not seen the dip in share price experienced by 3D printing companies with a singular focus. Anticipation is for the 3D printing business to continue to grow and when the company publish their next full year financial report they are confident that, “The annual revenue target will likely be exceeded,” according to today’s release.
http://3dprintingindustry.com/news/groupe-gorge-announce-51-increase-3d-printing-sales-90118/
Groupe Gorgé announce 51% increase in 3D printing sales
Groupe Gorgé today published financial results for the second quarter of 2016. The stock market viewed the news in a positive light and the announcement drove the companies share price higher with an increase of almost 5%. The unaudited financial statements show that 3D printing revenue is the fastest growing division at the company.
Shaping Up to be Global Competitor
The French company was founded in 1990 and now employs over 1,600 people in operations that span more than 10 countries. Groupe Gorgé derives the majority of revenue from automated smart safety systems and the provision of robotics for use in hazardous environments. They also perform industrial maintenance and install systems for use in nuclear safety, mainly to protect those working with nuclear materials.
Groupe Gorgé’s 3D printing division is focused on, “Enabling major industry players to find new routes to successful innovation and production processes by providing systems, 3D printers and new premium material.” Groupe Gorgé entered the 3D printing market in 2013 with the acquisition of Prodways.
Prodways make 3D printers using their MOVINGlight technology; this uses a mobile Digital Light Projector (DLP) that projects the image and cures as the head moves. This means the printer can create detailed parts at much larger build volumes. The technology is used on their Promaker L Series of industrial 3D printers, while the V Series 3D printers print in ceramics and metals.
When Prodways first demonstrated their printers at Euromold back in 2013, 3DPI suggested the company were one, “to keep an eye on”. The Prodways’ Entrepreneurs program was launched in June 2014 to develop the market and in the same year the company released 9 different printers and 14 materials at Euromold.
3D Printing Revenue Fastest Growing
Today’s announcement illustrates that their 3D printing strategy is paying off. Groupe Gorgé’s revenue from 3D printing was €12.1m ($13.3m) for the 6 months ending 30 June, 2016. The company booked 3D printing related sales driving a 51.3% increase in the period. 3D printing revenue currently contributes less than 10% to the total €141.7m ($155.6m) reported total. However, of the 4 revenue streams growth in the 3D printing category has outpaced other divisions. The Protection in Nuclear Environments division reported the second highest percentage growth rate as 26%, almost half that of 3D printing.
Groupe Gorgé have reported sustained growth over the past 13 quarters and say the revenue from 3D printing is “satisfactory”. According to the company, they anticipate further growth in this area during the second half of the year. 2016 is a, “major phase in the development” of this line of business and work is in progress to consolidate the acquisitions made in 2015 and to build upon partnerships with industry. These partnerships include a deal with the 3rd largest manufacturer of selective laser sintering 3D printers, Farsoon.
prodways farsoon metal 3D printing logo
Strategic Acquisitions
One of the acquisitions referenced is the purchase of a dental laboratory in France. Initial customers for Prodways were in the dental industry and further vertical integration into supply chain here will allow Groupe Gorgé to capture additional value. This is a strategy seen at other 3D printer manufacturers such as Arcam who own a medical implant contract manufacturer. In Arcam’s case the approach has been successful and allowed customers to dip their feet in the water by testing the viability and economic impact of sourcing 3D printed components before taking the plunge with an investment in a 3D printer of their own. Prodways also acquired a Norge, a startup involved in SLS for plastic powder. Again, this is a common strategy to deepen the value chain and was evident in Arcam’s acquisition of AP&C, a manufacturer of specialist metal powders.
Prodways recently announced their first sales in the important 3D printing market of Korea. The company sold a ProMaker L7000 and a ProMaker L5000, “to one of the most trusted public research and R&D institutes in Korea”. The company has also signed a partnership agreement with Japanese company Altech Co who specialize in the import and sale of machines. Hidehiko Suyama, Managing Director of Altech, said, “This market has experienced massive growth in just a few years, and the product range has expanded through this growth. We are convinced that Prodways has all the necessary resources to meet the professional and industrial demand via products and a sales strategy in perfect keeping with our current equipment offer. We believe in our partnership with Prodways in the long term.”
Expanding International Markets
The Japanese market for industrial grade 3D printers is set to heat up with local company Ricoh announcing a possible addition to their existing line of 3D printers during the Tokyo Big Site last month. Ricoh showcased a, “prototype and not ready for launching in the market” at the show but as of yet, “commercialization and its timing are to be determined” according to Yukari Ezoe at the company. By revenue Ricoh is a much larger company than Group Gorgé, the most recent full year financial results reported $909m compared to $290m for the French company. Ricoh entered the 3D printing market in 2014 with technology developed in association with Aspect Inc. However, 3D printing sales at Ricoh have been sluggish, whereas Groupe Gorgé’s acquisition of Prodways in 2013 gave the French company a head start of one year and access to a range of 3D printers already under development.
With revenue spread across 4 divisions the company has not seen the dip in share price experienced by 3D printing companies with a singular focus. Anticipation is for the 3D printing business to continue to grow and when the company publish their next full year financial report they are confident that, “The annual revenue target will likely be exceeded,” according to today’s release.
http://3dprintingindustry.com/news/groupe-gorge-announce-51-increase-3d-printing-sales-90118/
Groupe Gorgé announce 51% increase in 3D printing sales
Groupe Gorgé today published financial results for the second quarter of 2016. The stock market viewed the news in a positive light and the announcement drove the companies share price higher with an increase of almost 5%. The unaudited financial statements show that 3D printing revenue is the fastest growing division at the company.
Shaping Up to be Global Competitor
The French company was founded in 1990 and now employs over 1,600 people in operations that span more than 10 countries. Groupe Gorgé derives the majority of revenue from automated smart safety systems and the provision of robotics for use in hazardous environments. They also perform industrial maintenance and install systems for use in nuclear safety, mainly to protect those working with nuclear materials.
Groupe Gorgé’s 3D printing division is focused on, “Enabling major industry players to find new routes to successful innovation and production processes by providing systems, 3D printers and new premium material.” Groupe Gorgé entered the 3D printing market in 2013 with the acquisition of Prodways.
Prodways make 3D printers using their MOVINGlight technology; this uses a mobile Digital Light Projector (DLP) that projects the image and cures as the head moves. This means the printer can create detailed parts at much larger build volumes. The technology is used on their Promaker L Series of industrial 3D printers, while the V Series 3D printers print in ceramics and metals.
When Prodways first demonstrated their printers at Euromold back in 2013, 3DPI suggested the company were one, “to keep an eye on”. The Prodways’ Entrepreneurs program was launched in June 2014 to develop the market and in the same year the company released 9 different printers and 14 materials at Euromold.
3D Printing Revenue Fastest Growing
Today’s announcement illustrates that their 3D printing strategy is paying off. Groupe Gorgé’s revenue from 3D printing was €12.1m ($13.3m) for the 6 months ending 30 June, 2016. The company booked 3D printing related sales driving a 51.3% increase in the period. 3D printing revenue currently contributes less than 10% to the total €141.7m ($155.6m) reported total. However, of the 4 revenue streams growth in the 3D printing category has outpaced other divisions. The Protection in Nuclear Environments division reported the second highest percentage growth rate as 26%, almost half that of 3D printing.
Groupe Gorgé have reported sustained growth over the past 13 quarters and say the revenue from 3D printing is “satisfactory”. According to the company, they anticipate further growth in this area during the second half of the year. 2016 is a, “major phase in the development” of this line of business and work is in progress to consolidate the acquisitions made in 2015 and to build upon partnerships with industry. These partnerships include a deal with the 3rd largest manufacturer of selective laser sintering 3D printers, Farsoon.
prodways farsoon metal 3D printing logo
Strategic Acquisitions
One of the acquisitions referenced is the purchase of a dental laboratory in France. Initial customers for Prodways were in the dental industry and further vertical integration into supply chain here will allow Groupe Gorgé to capture additional value. This is a strategy seen at other 3D printer manufacturers such as Arcam who own a medical implant contract manufacturer. In Arcam’s case the approach has been successful and allowed customers to dip their feet in the water by testing the viability and economic impact of sourcing 3D printed components before taking the plunge with an investment in a 3D printer of their own. Prodways also acquired a Norge, a startup involved in SLS for plastic powder. Again, this is a common strategy to deepen the value chain and was evident in Arcam’s acquisition of AP&C, a manufacturer of specialist metal powders.
Prodways recently announced their first sales in the important 3D printing market of Korea. The company sold a ProMaker L7000 and a ProMaker L5000, “to one of the most trusted public research and R&D institutes in Korea”. The company has also signed a partnership agreement with Japanese company Altech Co who specialize in the import and sale of machines. Hidehiko Suyama, Managing Director of Altech, said, “This market has experienced massive growth in just a few years, and the product range has expanded through this growth. We are convinced that Prodways has all the necessary resources to meet the professional and industrial demand via products and a sales strategy in perfect keeping with our current equipment offer. We believe in our partnership with Prodways in the long term.”
Expanding International Markets
The Japanese market for industrial grade 3D printers is set to heat up with local company Ricoh announcing a possible addition to their existing line of 3D printers during the Tokyo Big Site last month. Ricoh showcased a, “prototype and not ready for launching in the market” at the show but as of yet, “commercialization and its timing are to be determined” according to Yukari Ezoe at the company. By revenue Ricoh is a much larger company than Group Gorgé, the most recent full year financial results reported $909m compared to $290m for the French company. Ricoh entered the 3D printing market in 2014 with technology developed in association with Aspect Inc. However, 3D printing sales at Ricoh have been sluggish, whereas Groupe Gorgé’s acquisition of Prodways in 2013 gave the French company a head start of one year and access to a range of 3D printers already under development.
With revenue spread across 4 divisions the company has not seen the dip in share price experienced by 3D printing companies with a singular focus. Anticipation is for the 3D printing business to continue to grow and when the company publish their next full year financial report they are confident that, “The annual revenue target will likely be exceeded,” according to today’s release.
Prodways announces the sale of 6 first machines
using laser sintering technology
http://www.groupe-gorge.com/en/wp-content/uploads/sites/4/2016/03/PR_GG_Prodways_announces_the_sale_of_6_first_machines_using_powder_sintering_technology_ENG.pdf
Prodways launches a new thermoplastic polyurethane
material (TPU) for its laser sintering range
http://www.groupe-gorge.com/en/wp-content/uploads/sites/4/2016/04/PR_GG_Prodways_launches_a_new_material_for_its_laser_sintering_range_ENG.pdf
Prodways announces the sale of 6 first machines
using laser sintering technology
http://www.groupe-gorge.com/en/wp-content/uploads/sites/4/2016/03/PR_GG_Prodways_announces_the_sale_of_6_first_machines_using_powder_sintering_technology_ENG.pdf
Prodways launches a new thermoplastic polyurethane
material (TPU) for its laser sintering range
http://www.groupe-gorge.com/en/wp-content/uploads/sites/4/2016/04/PR_GG_Prodways_launches_a_new_material_for_its_laser_sintering_range_ENG.pdf
How GE is using 3D printing to unleash the biggest revolution in large-scale manufacturing in over a century
http://www.techrepublic.com/article/how-ge-is-using-3d-printing-to-unleash-the-biggest-revolution-in-large-scale-manufacturing/
Prodways announces the signing of a strategic
partnership agreement for its Aerospace division
with Nexteam Group
http://www.groupe-gorge.com/en/wp-content/uploads/sites/4/2016/01/PR_GG_Prodways_announces_the_signing_of_a_strategic_partnership_with_Nexteam_Group_ENG.pdf
Retail health breath sensor
Understanding fat loss with one breath. Now you know.
http://www.levlnow.com
Stock is trading near its all time high!
BRIEF-Alphaform unit Alphaform-Claho applies for insolvency procedure
http://www.reuters.com/article/2015/07/30/idUSL5N10A1O420150730
Gary, are planning an ADR?
GE's first 3D-printed parts take flight
http://fortune.com/2015/05/12/ge-3d-printed-jet-engine-parts/?icid=maing-grid7%7Chtmlws-main-bb%7Cdl19%7Csec3_lnk3%26pLid%3D-289550932
To keep ice from accumulating on an aircraft engine’s sensor, GE turned to additive manufacturing to redesign the part.
General Electric’s Leap jet engine is not only one of the company’s bestsellers, it’s going to incorporate a fuel nozzle produced entirely though additive manufacturing. The process, popularly known as 3-D printing, involves building up layers of material (in this case alloyed metals) according to precise digital plans. GE GE 0.41% is currently completing testing of the new Leap engines, but the benefit of additive manufactured parts has already been proven on other models.
The first GE jet engine to actually take flight while using a 3-D-printed part is the GE90. In February, the Federal Aviation Administration approved GE’s design modification to the housing that holds the T25 sensor on GE’s 90-94B engine. The sensor itself, which sits in front of the air compressor and takes temperature and pressure measurements for the engine’s control system, is unchanged. However, GE realized that ice buildup on the traditionally-manufactured housing containing the sensor would shed into the compressor, which affected the compressor’s long-term durability.
The company decided to redesign the sensor housing entirely. The only way to achieve the precise geometry needed to mitigate the accumulation of ice? Additive manufacturing.
The nozzles like those used in the Leap engine were once machined from 20 separate parts. Now each nozzle is one solid part, assembled by layering powdered metal melted and fused together with lasers. With 19 fuel nozzles per engine, it’s a substantial difference that helps to streamline the manufacturing and assembly process.
It also cuts down on design time. Jonathan Clarke, the program manager for the housing redesign, estimates that 3-D printing shaved a year off the normal development time when the T25 sensor casings were redesigned. The traditional casting process would have taken much longer. “Once we found a workable solution, it went straight to production,” he says.
Now GE is in the process of retrofitting the new T25 sensor housings on 400 in-service 90-94B engines, which started commercial service in 1995 and were built for the Boeing 777 aircraft.
As Fortune reported in March, GE is pivoting part of its aviation department into additive manufacturing. After the successful addition of 3-D-printed parts to the GE90-94B engine, GE is now applying the same principle to its popular new Leap engine, which enters airline service in 2016.
Over the next five years GE plans to put more than $3 billion into industrial 3-D printing, in several areas: developing parts themselves (more than 100,000 will be produced through additive processes by 2020); upgrading its production and research facilities in Alabama and Ohio; and hiring employees.
“The real power of additive is taking six parts and designing into one,” Greg Morris, business development manager of additive tech at GE Aviation, told Fortune in March. “You can create geometry that you can’t make any other way.”
Thank you!
XBIT was IPO'd @ 19 on 4/14
it just broke 30 w/ a day high of 32+
XBIT ipo'd @ 19 today...trading up nicely
Groupe Gorge is having a nice week
NEWT is becoming a BDC......they are a 50 State SBA lender.
Seattle for week 2......
Thank you!
Week 1 New England
Thank you!
Not sure what you mean about the 1%?
I purchased their hydro lettuce in a clamshell
At my local supermarket @ 2/3.00.
That's as middle or working class you can get.
JMHO
MIT Integrates 3D Printer and 3D Scanner To Print on Objects By Will Smith on Aug. 22, 2014
Many of the problems encountered while 3D printing are due to the fact that printers are actually pretty dumb. While the printer knows where the print head is at any given time, it knows nothing about the state of the print, which leads to some awesome failures. The folks at MIT have developed a printer that scans the print bed for objects, and can print on those objects. I'm hopeful we'll be able to use a similar method to print irregular-shaped objects without resorting to support material. (via Make and Sean Charlesworth)
Video
http://www.tested.com/tech/3d-printing/463805-mit-integrates-3d-printer-and-3d-scanner-print-objects/?icid=maing-grid7|main5|dl17|sec3_lnk4%26pLid%3D519408
I used Fidelity today to snag some GGG:CA
Are you, or is anyone else familiar with Genistar?