100% Growth in Year to Date Bookings
ALBUQUERQUE, N.M.--Optomec, a leading global supplier of production grade additive manufacturing systems for 3D printed metals and printed electronics, today announced it more than doubled its order bookings through the first three quarters of 2014.
In the third quarter specifically, Optomec received a record amount of system orders, securing more than 10 new customers for its high-end 3D printers. This includes both LENS 3D printers used for the repair and fabrication of metal components, and Aerosol Jet systems used for 3D printed electronics. The majority of the bookings were from industrial customers that will use Optomec printers for production applications. More than half of the sales came from U.S. customers, with the remainder divided evenly between Europe and Asia.
"Our success in the third quarter continues the strong momentum we have enjoyed throughout this year, in which all tolled we have generated system orders from more than 25 new customers, many of whom intend to expand their installations as they move into higher volume production," said Dave Ramahi, President and CEO of Optomec. "We are well on track to meet our goal of 100% growth in orders in 2014, and are likewise pleased to see Optomec users reinforcing the fact that 3D printing can bring tangible value and benefits in real production applications, well beyond research and prototyping."
In addition to strong overall sales performance in the third quarter, notable strategic developments include the addition of a new Aerosol Jet account focused on high volume production of 3D Printed Antenna for Smartphones, bringing our penetration in this market up to five customers, and a new industrial customer that will use LENS in production for 3D Printed metal coatings.
Additionally, Optomec saw the successful production launch of its 3D Printed Sensor solution for Industrial Internet applications, and made its first deliveries of the new LENS Print Engine product, which is a modular solution enabling the integration of 3D Printing of Metals within a conventional CNC machine tool platform.
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.