FRIEDBERG, Germany--(BUSINESS WIRE)--By harnessing the scalability of powder binder jetting, voxeljet AG
(NYSE: VJET) (“voxeljet”) and its partners are bringing additive
manufacturing to the next level through the large-scale production of
complex sand molds and cores for a leading German automotive
manufacturer. The solution for automated core printing promises to be
the world’s most potent and integrated additive manufacturing solution.
News Highlights
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voxeljet announces an agreement for delivery of up to five VJET X
printers in the upcoming two years, with an initial order of two for
installation in 2019.
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The project could potentially call for voxeljet, as subcontractor to
the general contractor of the project, to deliver multiple units in
the low double-digit range over a five-year period. This project will
utilize sand cores for the casting of a critical engine component.
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This will be the first commercialization of voxeljet’s new line of
high-speed printers, called VJET X, for the mass-production of complex
sand cores. Using its nearly 20 years of research and expertise in
precision mechanics, microfluidics and materials science, voxeljet has
developed an advanced and more powerful printhead and recoating unit.
This next generation print engine significantly reduces the layer
time, making VJET X more than ten times faster than previous models.
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VJET X is expected to increase flexibility in production and allows
the high-speed manufacturing of more complex geometries compared to
conventional methods. Possible benefits are improved performance and
increased efficiency.
Dr. Ingo Ederer, Chief Executive Officer of voxeljet,
commented: “We started nearly 20 years ago as a spin-off from Technical
University Munich with a clear vision in mind: to replace conventional
manufacturing by constantly pushing technological boundaries. Today I
can say that, together with our partners, we believe that we are set to
become the world’s first company to deliver a 3D printing solution for
automotive serial-production. The 3D printing industry is at an
inflection point and this achievement marks a key milestone in our
mission. We have been working towards realizing this vision since our
initial days in 1999, so this is especially exciting for us.”
R&D to Lead the Industry
voxeljet and its partners have taken a major step to reinvent the
manufacturing landscape by developing the world’s first 3D production
solution capable of replacing conventional manufacturing in
mass-production. The new technology allows the production of highly
complex sand cores at high speed. These sand cores can be used for the
casting of critical engine components. When at full speed, the solution
is expected to produce one unit per minute. Leveraging voxeljet’s
decades of research and expertise in precision mechanics, microfluidics
and materials science, the automated core printing technology will rely
upon voxeljet’s next generation VJET X 3D printers, which are more than
ten times faster than previous models. The advanced VJET X 3D printers
process a new set of inorganic binding materials, which ensure highest
environmental compatibility during the casting process. The new
technology is projected to increase flexibility in production, improve
performance and overall efficiency.
Forward-Looking Statements
This press release contains certain forward-looking statements. Words
such as “are set to become”, “believes,” “intends,” “expects,”
“projects,” “promises,” “anticipates,” and “future” or similar
expressions are intended to identify forward-looking statements. All
statements addressing events or developments that voxeljet expects or
anticipates will occur in the future, including but not limited to
statements relating to voxeljet’s position as the first company to
deliver certain product and certain market trends are forward-looking
statements. These statements are only predictions based on our current
expectations and projections about future events. You should not place
undue reliance on these statements. voxeljet cannot provide assurances
that the matters described in this press release will be successfully
completed or that voxeljet will realize the anticipated benefits of any
transaction. Many factors may cause our actual results to differ
materially from any forward-looking statement, including our ability to
provide products and services satisfactory to our customer, competition
in the market, changes in market trends or growth, and the risk factors
and other matters set forth in our public. Neither voxeljet nor its
partners undertake any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as may be required by law.
About voxeljet
voxeljet, the inventor of 3D sand printing, is a leading provider of
high-speed, large-format 3D printers as well as on-demand parts services
to industrial and commercial customers. voxeljet’s 3D printers employ a
powder binding, additive manufacturing technology to produce parts using
various material sets, which consist of particulate materials and
proprietary chemical binding agents. voxeljet provides its 3D printers
and on-demand parts services to industrial and commercial customers
serving the automotive, aerospace, film and entertainment, art and
architecture, engineering and consumer product end markets. For more
information, visit voxeljet.com.
CONTACT:
Investors and Media
voxeljet
Johannes Pesch
Director Investor Relations and Business Development
johannes.pesch@voxeljet.de
Office: +49 821 7483172
Mobile: +49 176 45398316