Arcam AB fka AMAVF

[Dunwoody Joe]

Rene moving to US to lead Arcam group from Woburn, MA

http://finance.yahoo.com/news/arcam-increased-activities-us-market-131800016.html

MÖLNDAL, Sweden--(BUSINESS WIRE)--

Regulatory News:

Arcam AB (ARCM.ST)

Arcam, listed on NASDAQ Stockholm, is increasing its efforts on the important US market. As part of this, Arcam’s CEO, Magnus René, will move to the US to lead the Arcam Group from the office in Woburn, MA.

As part of Arcam’s strategy for internationalization and customer orientation Arcam’s CEO Magnus René will temporary operate and lead the Arcam Group from the US office in Woburn, MA. With near term sales and business development opportunities in the US and in the UK, Woburn is a perfect location. Woburn is also conveniently located with regards to the subsidiaries AP&C in Montreal and DiSanto in Shelton, CT, as well as to investors on the east coast. Arcam’s formal HQ will remain in Mölndal, Sweden.

"The reason for my relocation is that I will focus more on the US market where options, growth potentials and strategic opportunities are huge. There are several major players in the aerospace and orthopaedics industries on the US east coast. By operating out of Woburn it will simply become easier for me to act. I also want to work closer to our subsidiaries in Shelton and Montreal to develop our businesses for EBM, powders and contract manufacturing", says Magnus René, CEO and President of Arcam.


Stockholm8:33AM EST


Arcam Group provides cost-efficient Additive Manufacturing solutions for production of metal components. Arcam’s Electron Beam Melting (EBM®) technology offers design freedom combined with excellent material properties and high productivity. Arcam is, through its solution orientation and comprehensive product offering, an innovative partner for advanced manufacturing, primarily for the aerospace and medical industries. Arcam offers EBM systems through Arcam AB in Sweden, powder metals through AP&C in Canada and implant contract manufacturing through DiSanto in the U.S.The company is listed on Nasdaq Stockholm and the Head Office is located in Mölndal, Sweden.