ExOne announced that it will begin to refocus how it demonstrates and provides its industrial sand core and mold binder jet 3D printing services in North America.
To facilitate faster adoption of its technology, ExOne will refocus its production service centers located in Troy, Michigan and Houston, Texas into ExOne Adoption Centers (“EACs”). ExOne will expand these existing centers to provide a greater variety of its latest binder and material sets, including cold hardening phenolic and sodium silicate production, as well as an expanded range of its machine platforms and machine options. In addition, ExOne will create more robust, regionally-based material development services, as well as expand its technical and training services within the EACs.
“We completed a market assessment of where we stand with industrial customers’ desires for binder jet 3D printing,” said ExOne CEO, Jim McCarley. “We see the North American market adoption rate of sand printing technology accelerating. Contributing to this, our S-Max platform, which has been designed with an expanded binder and base material configuration, is well positioned for growth in this area. Our goal with the EACs is to create the proper support and service structure to ensure we sustain the market’s momentum.”
As part of its refocus efforts, ExOne will consolidate its 3D printing operations at its production service center in North Las Vegas, Nevada into its Houston, Texas and Troy, Michigan facilities and plans to exit its non-core Machin-A-Mation specialty machining operation in Chesterfield, Michigan. Both actions are expected to better prioritize ExOne’s human and capital resources toward advancing the adoption rate of its binder jet printing.
Jim McCarley continued, “At ExOne, our goal is to rapidly and effectively accelerate the adoption rate of binder jet printing, which we believe will in turn expand our addressable market. The actions announced today are the first steps in building a structure that will be better equipped to demonstrate our latest advancements in binders and materials, provide more robust training services and allow us to interact more closely with our customers and their applications of binder jet printing.”
ExOne expects to provide additional details on further alignments and enhancements it will make throughout 2017 as it executes its updated strategy. ExOne is filing a Current Report on Form 8-K, dated January 30, 2017 with respect to these actions.