Optomec Reports Over 100% Growth for Q1 2015

Repeat Orders from Production Customers Driving Growth and Profitability

ALBUQUERQUE, N.M. — (BUSINESS WIRE) — May 5, 2015 — Optomec, a leading global supplier of production grade additive manufacturing systems for 3D Printed Metals and 3D Printed Electronics, today announced that system orders in the first quarter of 2015 more than doubled compared to the previous year. Greater than 50% of the Q1 bookings were from current Optomec customers who are expanding their 3D additive manufacturing production capacity, including several Fortune 100 companies. Q1 revenues also increased over 100% compared to the previous year and the Company was profitable. The Company maintains a substantial backlog that will ensure continued revenue growth through the remainder of 2015.

Q1 business was split almost equally across the company’s two core product lines for printing structural metals and functional electronics, and came equally from international and domestic customers.

Optomec saw continued adoption of its Aerosol Jet systems for printed electronics with key customers each purchasing multiple high volume production systems for printing conformal antennas and sensors, the fundamental building blocks for the Internet of Things (IoT). The LENS Metal Printing products also experienced growth, including a strategic order for a production workcell to apply 3D wear-resistant coatings for industrial applications.

“We’ve seen very promising signs in our first quarter performance, notably the fact that half of our sales came from existing industrial customers looking to expand production capacity. These repeat orders confirm that our open systems approach to additive manufacturing delivers proven value and ROI in real-world production applications,” said Dave Ramahi, Optomec CEO. Ramahi also noted that active engagements with large consumer electronics and industrial metal working companies will continue to fuel growth.

About Optomec

Optomec is a privately-held, rapidly growing supplier of Additive Manufacturing systems. Optomec’s patented Aerosol Jet Systems for printed electronics and LENS 3D Printers for metal components are used by industry to reduce product cost and improve performance. Together, these unique printing solutions work with the broadest spectrum of functional materials, ranging from electronic inks to structural metals and even biological matter. Optomec has more than 175 marquee customers around the world, targeting production applications in the electronics, energy, life sciences and aerospace industries. For more information about Optomec, visit http://optomec.com.

LENS is a registered trademark of Sandia National Labs; Aerosol Jet is a registered trademark of Optomec.



Contact:

Optomec, Inc.
Shayna Watson, 505-761-8250
Email Contact
Toni Sottak, 408-876-4418
Email Contact




Review Article Be the first to review this article
Rand3D

Featured Video
Jobs
Mechanical Engineer I for Air Techniques, Inc at Melville, NY
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
The Rise of Mechatronics at Dassault Systèmes Santa Clara 3979 Freedom Circle, Ste 750 Santa Clara CA - Sep 14, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Kenesto: 30 day trial



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise