PRODWAYS : Four machines sold to new Australian customer

Prodways Group has received orders for four machines from Australia's leading manufacturer of clear orthodontic aligners.

After an assessment phase lasting several months, Australia's leading manufacturer of clear orthodontic aligners by 3D printing has just confirmed its choice of MovingLight® technology to be installed in its first production plant. As in the case of the US order announced early December, these latest orders concerned the MovingLight® LD20 printer, the most productive model in the Prodways range.

While the transaction concluded at the end of the year concerned only four machines, as explained in the previous release this order heralds an investment program that is expected to lead to further orders over the coming 24 months.

After installation and production ramp-up, the first four machines are expected to consume over five tons of Prodways material per year.

About Prodways Group

Prodways Group is a specialist in industrial and professional 3D printing with a unique positioning as an integrated European player. The Group has developed right across the 3D printing value chain (software, machines, materials, parts & services) with a high value added technological industrial solution. Prodways Group offers a wide range of 3D printing systems and premium composite, hybrid and powder materials (SYSTEMS division). The company also manufactures and markets parts on demand, prototypes and small production run 3D printed items in plastic and metal (PRODUCTS division). The Group targets a significant number of sectors, from aeronautics to healthcare.

Listed on Euronext Paris, the Group reported in 2019 revenue of €57 million.

Prodways Group is a Groupe Gorgé company.

For further information: www.prodways-group.com

Contacts

INVESTORS CONTACT

Anne-Pauline Petureaux

Investor relations

Tel : +33 (0)1 53 67 36 72 / [email protected]

PRESS CONTACT

Manon Clairet

Financial press relations

Tel : +33 (0)1 53 67 36 73 / [email protected]

Disclaimer

Releases from Prodways Group may contain forward-looking declarations with statements of objectives. These forward-looking statements reflect the current expectations of Prodways Group. Their realization, however, depends on known or unknown risks, uncertainties and other factors that may cause actual results, performance or events to differ significantly from those previously anticipated. The risks and uncertainties that might affect the Group's future ability to achieve its targets are reiterated and presented in detail in our Annual financial report on Prodways Group's website (www.prodways-group.com). This list of risks, uncertainties and other factors is not exhaustive. Other unanticipated, unknown or unpredictable factors may also have significant negative effects on the achievement of our objectives. The current release and the information contained therein do not constitute an offer to sell or to subscribe, nor a solicitation for an order to purchase or subscribe to shares in Prodways Group or in any subsidiaries thereof listed in whatsoever country.

Source Actusnews