Optomec – a global supplier of production-grade additive manufacturing systems for 3D printed metals, has announced the LENS 860 Hybrid …
While the majority of the larger 3D printer manufacturers such as 3D Systems (which reports earnings tomorrow) and Stratasys have seen their growth rates stagnate over the last year, it’s not all bad news within the industry. In fact there are a handful of smaller companies that are growing at rates which may even surprise their own management teams.
Based out of Albuquerque, New Mexico, Optomec has been one of these companies that has excelled at all levels over the past twelve months. Known for their Aerosol Jet 3D printing system, which they were awarded a patent for early last year, the company has continued to push this technology forward, with future applications which could drastically change the way electronics are manufactured. The technology behind their system enables the printing of conductive elements on already manufactured substrates, allowing sensors, wear resistant coatings, and more to be fabricated rapidly on a provided object.
Today the company announced record first-half revenue for the year which equates to 100% year-over-year gains, not to mention that they are now profitable from both an EBITDA and Net Income basis. Additionally they expect significant revenue growth over the remaining part of 2015 as they currently have a major backlog of orders.
“We are well on track to double sales this year, as well as improve overall profitability. We believe this strong performance validates our focus on commercial production applications, as well as our open systems approach that eases adoption of our solutions for industry,” said Dave Ramahi, Optomec CEO, who added: “We are also seeing some interesting opportunities to expand our solution portfolio, especially as it relates to sensor and antenna offerings for the Internet of Things.”
The majority of this growth can be attributed to Optomec’s additive manufacturing systems for high-volume production applications. Earlier this year the company sold numerous Aerosol Jet systems to an Asian manufacturer, which will use them for the production of next-generation mobile devices, while other orders have come from companies looking to print conformal sensors for ‘Internet of Things’ devices, as well as to print 3D conformal electronics on new wearable devices.
The company reports that during the second quarter of this year approximately 50% of sales came within their metal 3D printing unit, while the other 50% came from their 3D functional electronics offerings. While 40% of their sales came from within the United States, Optomec has shown growth within international markets as well, expanding their distribution channels in Mexico as well as in Europe.
While there is a lot of news as of late about the declining growth rates this year within the industry, Optomec certainly has bucked that trend and will likely continue down this rapid growth path for quite a while. Let us know your thoughts on the company’s stellar growth rate, and the future of their patented Aerosol Jet systems. Discuss in the Optomec Earnings forum thread on 3DPB.com.
ALBUQUERQUE, N.M. — Optomec, a leading global supplier of production grade additive manufacturing systems for 3D printed metals and printed electronics, today announced performance results for its first half ending June 30, 2014. The Company reported strong growth for both its LENS® 3D Printers for Structural Metals and Aerosol Jet® Systems for 3D Printed Electronics, with bookings up 45% for the first six months of the year compared to 2013, including a 71% surge in the second quarter.
Sales were boosted by multiple customer orders for the recently announced LENS Print Engine, a unique modular approach that allows metal 3D printing capabilities to be installed into existing machine tools. Its open architecture enables integration with either new or pre-owned CNC tools, so customers in the industrial base can leverage existing equipment assets to realize the benefits of 3D printing in a less disruptive manner. Optomec is working to establish distributor partnerships with select machine tool OEMs to accelerate the adoption of this solution.
Optomec also reported continued strong growth for its Aerosol Jet printed electronics systems, which can print conductive metals and a variety of other functional materials directly onto 3D surfaces. In particular, the introduction of an Aerosol Jet high volume production solution, capable of printing approximately 2 million 3D printed antenna units per year, is driving demand throughout the mobile device manufacturing base. Additionally Aerosol Jet printers are now being used in the manufacture of 3D printed sensors, a high growth segment driven by the Industrial Internet and interest in the Internet of Things (IoT).
“The substantial increase in bookings across both our core product lines puts us well ahead of our plan for the year, and confirms that Optomec 3D Printing solutions are being accepted for industrial production applications,” said Dave Ramahi, Optomec president and CEO. “The rapid adoption of the LENS Print Engine verifies our open architecture approach and the metal working industry’s readiness to implement cost-effective, hybrid additive manufacturing solutions. With millions of CNC machine tools already installed, the upgrade potential represents a substantial market opportunity. Likewise, on the printed electronics side, we are seeing strong demand for high volume production implementations of our 3D printed antenna and 3D printed sensor solutions, both of which leverage our unique ability to print electronics onto existing 3D structures. These successes underscore our motivating belief that to be successful in the long term, 3D printing must meet the cost, efficiency and quality requirements for production scale applications.”
Optomec is a privately-held, rapidly growing supplier of production grade Additive Manufacturing systems. Optomec 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 150 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.
Aerosol Jet is a registered trademark of Optomec.
The new design is suitable for printing 3D conformal electronics onto large structures in location, and printing electronics into hard to reach places such as recesses and cavities. The patent also includes provisions for multiplexing the miniaturized print head geometry within linear arrays or custom arrangements for high-volume production scale-up.
“The miniaturized Aerosol Jet print head can be used for many applications. As a linear array using a single material, it is a means for increasing throughput with simple parallel processing for high volume applications, such as printed touch screen displays,” said Dr Mike Renn, Optomec chief technology officer.“However, the array doesn’t have to be linear; custom placement of multiple print heads for a specific application is also an option.
“Looking into the future, Aerosol Jet could print different materials from each miniaturized print head in the array. In this case, Aerosol Jet Printers could produce complex multi-material, multi-layered devices such as transistors, capacitors, sensors and resistors, on a single system.”
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