Optomec Industrial 3D printer manufacturer

Significant Growth for Optomec in First Half of 2013

By September 12, 2013. 3D Printing, Business, Featured, News

Industrial 3D printer manufacturer, Optomec, whose offering includes platforms that print metals and electronics, recently reported its financial results for the first half of 2013. The figures are looking good, reflecting the generally bullish 3D printing stocks. The company reports record order levels for both its LENS 3D printers for structural metals and Aerosol Jet Systems for 3D printed electronics, which represent a 100% increase in bookings compared with the same period last year.

According to the company, these positive results reflect continued strong market interest for industrial strength additive manufacturing solutions, especially systems capable of addressing high volume production requirements. Optomec customers are currently using LENS and Aerosol Jet systems for production applications within the consumer electronics, life sciences and aerospace/defense industries.

First half 2013 orders already equal orders received for the full year 2012. New system orders for LENS 3D printers for metal represent 45% of total bookings and the remaining 55% were for Aerosol Jet Systems used for printed electronics applications.

“The first 6 months were a tremendous start to our year with strong global demand for both Aerosol Jet and LENS systems,” said Dave Ramahi, Optomec President and CEO. “The Optomec product line-up remains highly differentiated in the Additive Manufacturing space, with our ability to print fully functional metal and electronic components at low cost and with very high output rates. We expect to continue on this growth trajectory as industry’s adoption of such solutions is only accelerating.”

Mr. Ramahi continued, “We are particularly encouraged by recent progress with our introduction of a production solution for 3D Printed Antenna used in Smartphones, Tablets and other Mobile Devices. The first high-throughput system, capable of printing up to 2 million parts per year, has been commissioned at a contract manufacturer in China, and we are engaged with many other leading suppliers. Demand for this solution is being driven by a significantly lower cost profile, coupled with environmental and health benefits derived from eliminating plating in the production process.”

Optomec has more than 150 marquee customers around the world, targeting production applications in the Electronics, Energy, Life Sciences and Aerospace industries.