Company Is Operating Profitably as Demand from Metals, Mobile Device and Industrial Internet Markets Increases
ALBUQUERQUE, N.M. — (BUSINESS WIRE) — February 18, 2015 — Optomec, a leading global supplier of production grade additive manufacturing systems for 3D Printed Metals and 3D Printed Electronics, today announced strong sales gains for the fiscal year ending December 31, 2014. The Company reported an 80% increase in new orders compared to 2013, with business spread almost equally across its LENS and Aerosol Jet product lines. Furthermore, Optomec reports that it was profitable for the second half of the year, even as it continues to maintain a high level of investment in product development, and the Company entered 2015 with more than 6 months in high-growth backlog.
Optomec added more than 30 new customers in 2014, including orders for more than 40 industrial 3D Printers in total. The Company enters 2015 with many existing customers planning on substantial production rollouts, in particular in the areas for 3D Printed Antenna for mobile devices and 3D Printed Sensors for IoT and Industrial Internet applications.
Further fueling the rapid adoption of the company’s solutions is its open systems strategy, allowing additive and conventional manufacturing methods to coexist on the factory floor. For example, the new modular LENS Print Engine (LPE) enables 3D printing of metals to be integrated within a standard CNC machine tool platform providing a lower cost solution for our customers. Optomec has sold five of the LPE-based systems since its introduction in 2014, and will be showcasing these hybrid additive/subtractive systems at multiple customer sites over the coming months.
“Our solid growth in 2014 is testimony to industry’s desire to embrace additive manufacturing for real production applications that deliver tangible, functional and cost advantages which has long been its promise,” said Dave Ramahi, Optomec CEO. “Optomec’s ability to meet these customer objectives is due to a unique combination of proven patented technologies, an open architecture business model, and a focus on key industry pain points that our solutions can directly address.”
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 (Laser Engineered Net Shaping) is a registered trademark of Sandia National Laboratories.
Shayna Watson, 505-761-8250