ExOne announce restructuring after completing 3D printing market assessment

3D Printing Industry | 2/2/2017 | Staff
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ExOne (NASDAQ:XONE), the U.S.based industrial 3D printer manufacturers, have announced they will undergo a strategic reorganization. In documents filed with the SEC the company describes how, “it will begin to refocus how it demonstrates and provides its industrial sand core and mold binder jet 3D printing services in North America.”

The move is designed 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”).”

Business - ExOne - Manufacture - Sale - Printing

The primary business of ExOne is the manufacture and sale of 3D printing machines and “printing products to specification for its customers using its installed base of 3D printing machines.” The company offer 3D printing using binder jetting, a service that foundries and OEM’s can use for casting operations.

This is a novel 3D printing technology that has application across many industries including aerospace and automotive, however to increase the number of machines sold ExOne acknowledge they must, “provide more robust training services and allow us to interact more closely with our customers and their applications of binder jet printing.”

ExOne - Quarters - Revenue - Printing - Business

During 2016, ExOne reported consecutive quarters of increasing revenue. However, the 3D printing business did not generate a profit and its share price is...
(Excerpt) Read more at: 3D Printing Industry
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