The ExOne Company (Nasdaq:XONE), a North Huntingdon-based 3-D printer manufacturer, announced that it has opened a new Production Service Center (PSC) in Auburn, Washington, near Tacoma. Additionally, the Company announced the establishment of sales centers in Sao Paulo, Brazil and Shanghai, China.
ExOne's other PSCs are located in North Huntingdon, PA; Troy, MI; Houston, TX; Augsburg, Germany; and Kanagawa, Japan. To be cost competitive and with sufficient customer demand in the Puget Sound region, the Company opened an 11,600 square foot leased facility in which it will print molds and cores for foundries in the northwestern U.S. corridor.
Full operations are expected to commence in September. This marks ExOne's fourth PSC in the U.S. and sixth PSC worldwide.
The Company's new sales centers in Sao Paulo and Shanghai will utilize the resources of the Association for Manufacturing Technology, which provides global support to U.S. manufacturers through its technical centers and representative offices. ExOne will have sales representatives in each office to focus on targeting customers and furthering the reach of the Company's expanding sales network in South America and China.
David Burns, President and Chief Operating Officer of ExOne commented, "As the hub of industrial activity in the northwestern U.S., particularly the aerospace industry, the greater Tacoma area is a natural location for our sixth PSC. We expect the addition of this facility will help to drive further revenue growth, consistent with our expansion strategy."
"Our sales centers in Sao Paulo and Shanghai represent an important step in our progression to promote our 3D printing technology in those significant industrial markets," Mr. Burns explained. "We view establishment of these sales centers as precursors to the eventual opening of PSCs in those countries, as growing demand warrants."
ExOne will report its earnings at the closing of the financial markets Aug. 13.
Posted in 3D Printing Company
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