- Newest PSC strategically located in Las Vegas, Nevada, servicing the aerospace, automotive and energy sectors in Southern California region
- Fifth U.S.-based PSC; Seven total PSC's globally
- On track for 15 PSCs in 2015
NORTH HUNTINGDON, Pa., Nov. 7, 2013 (GLOBE NEWSWIRE) -- The ExOne Company (Nasdaq:XONE) ("ExOne" or "the Company"), a global provider of three-dimensional ("3D") printing machines and printed products to industrial customers, announced today the planned opening of a new Production Service Center ("PSC") in Las Vegas, Nevada.
The location, consisting of a 17,240 square foot recently purchased facility, was selected due to its cost effectiveness and close proximity to the Southern California region, home to a significant amount of sand casting and cores business servicing the aerospace, automotive and energy sectors. As ExOne's fifth PSC in the U.S. and seventh PSC worldwide, operations are expected to commence in December.
David Burns, President and Chief Operating Officer of ExOne commented, "We have stated our intent to have 15 global PSCs by the end of 2015 and this location will mark another step toward our goal. Strategically located PSCs facilitate the awareness of our 3D printing technology by our customers and prospects within our targeted verticals, such as those located in the Southern California region. We have identified 163 foundries in the surrounding area of Las Vegas, making this location logistically ideal to service them. We expect the addition of this facility will help to drive further revenue growth, consistent with our expansion strategy."
ExOne's other PSCs are located in North Huntingdon, PA; Troy, MI; Houston, TX; Auburn, WA; Augsburg, Germany; and Kanagawa, Japan.
For more information regarding ExOne's operations, visit the Company's website at www.exone.com.
About ExOne
ExOne is a global provider of 3D printing machines and printed products, materials and other services to industrial customers. ExOne's business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its in-house 3D printing machines. ExOne offers pre-production collaboration and print products for customers through its seven production service centers ("PSCs"), which are located in the United States, Germany and Japan. ExOne builds 3D printing machines at its facilities in the United States and Germany. ExOne also supplies the associated materials, including consumables and replacement parts, and other services, including training and technical support, necessary for purchasers of its machines to print products.
Safe Harbor Regarding Forward Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "typically," "anticipates," "believes," "appears," "could," "plan," and other similar words. Such statements include, but are not limited to, statements concerning future revenue and earnings, involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, which include our ability to qualify more materials in which we can print; the availability of skilled personnel; the impact of increased operating expenses and expenses relating to proposed acquisitions, investments and alliances; our strategy, including the expansion and growth of our operations; the impact of loss of key management; our plans regarding increased international operations in additional international locations; sufficiency of funds for required capital expenditures, working capital, and debt service; the adequacy of sources of liquidity; expectations regarding demand for our industrial products, operating revenues, operating and maintenance expenses, insurance expenses and deductibles, interest expenses, debt levels, and other matters with regard to outlook; demand for aerospace, automotive, heavy equipment, energy/oil/gas and other industrial products; the scope, nature or impact of acquisitions, alliances and strategic investments and our ability to integrate acquisitions and strategic investments; liabilities under laws and regulations protecting the environment; the impact of governmental laws and regulations; operating hazards, war, terrorism and cancellation or unavailability of insurance coverage; the effect of litigation and contingencies; the impact of disruption of our manufacturing facilities or PSCs; the adequacy of our protection of our intellectual property; material weaknesses in our internal control over financial reporting and other factors disclosed in the Company's Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission. Because they are forward-looking, these statements should be evaluated in light of important risk factors and uncertainties.
Should one or more of these risks or uncertainties materialize, or should any of ExOne's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.