Press release from GlobeNewswire (a Nasdaq OMX company)
ExOne Appoints Hermann Otto Suderow SL as Independent Sales Representative in Spain and Portugal
Tuesday, October 29, 2013
ExOne Appoints Hermann Otto Suderow SL as Independent Sales Representative in Spain and Portugal13:21 EDT Tuesday, October 29, 2013
NORTH HUNTINGDON, Pa., Oct. 29, 2013 (GLOBE NEWSWIRE) -- The ExOne Company (Nasdaq:XONE) ("ExOne" or "the Company"), a global provider of three-dimensional ("3D") printing machines and printed products to industrial customers, announced today that it has appointed Hermann Otto Suderow SL ("HOSSL") as its sales representative in Spain and Portugal for its 3D printing machines and the 3D printing of parts.
HOSSL represents leading German manufacturers and specializes in machinery for the foundry industry, with its client list including leading companies in this region. Additionally, HOSSL is also active in other industrial sectors such as the metallurgy and automotive industries.
Said Omar, Sales Director of ExOne GmbH, commented, "As we continue to promote the capabilities of 3D printing for industrial applications throughout Europe, we are pleased to have formed this relationship with such a long-standing and important player in the Iberian market. HOSSL has been supporting this market for over 40 years, assisting European manufacturers in their expansion and penetration of the Spanish and Portuguese markets."
"We look forward to working with ExOne to bring digital part materialization into Spain and Portugal. It is an honor to participate with ExOne in the advancement of this fascinating technology, which we believe represents significant technological progress for industry," noted Igor Abendaňo, Sales Director of Hermann Otto Suderow SL.
With Spain ranked as the fifth largest economy in Europe, the Company believes that the Iberian region presents significant and varied opportunities for the application of 3D printing technology.
For more information regarding 3D printing applications, visit ExOne's website at www.exone.com.
ExOne is a global provider of 3D printing machines and printed products, materials and other services to industrial customers. ExOne's business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its in-house 3D printing machines. ExOne offers pre-production collaboration and print products for customers through its seven production service centers ("PSCs"), which are located in the United States, Germany and Japan. ExOne builds 3D printing machines at its facilities in the United States and Germany. ExOne also supplies the associated materials, including consumables and replacement parts, and other services, including training and technical support, necessary for purchasers of its machines to print products.
Safe Harbor Regarding Forward Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "typically," "anticipates," "believes," "appears," "could," "plan," and other similar words. Such statements include, but are not limited to, statements concerning future revenue and earnings, involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, which include our ability to qualify more materials in which we can print; the availability of skilled personnel; the impact of increased operating expenses and expenses relating to proposed acquisitions, investments and alliances; our strategy, including the expansion and growth of our operations; the impact of loss of key management; our plans regarding increased international operations in additional international locations; sufficiency of funds for required capital expenditures, working capital, and debt service; the adequacy of sources of liquidity; expectations regarding demand for our industrial products, operating revenues, operating and maintenance expenses, insurance expenses and deductibles, interest expenses, debt levels, and other matters with regard to outlook; demand for aerospace, automotive, heavy equipment, energy/oil/gas and other industrial products; the scope, nature or impact of acquisitions, alliances and strategic investments and our ability to integrate acquisitions and strategic investments; liabilities under laws and regulations protecting the environment; the impact of governmental laws and regulations; operating hazards, war, terrorism and cancellation or unavailability of insurance coverage; the effect of litigation and contingencies; the impact of disruption of our manufacturing facilities or PSCs; the adequacy of our protection of our intellectual property; material weaknesses in our internal control over financial reporting and other factors disclosed in the Company's Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission. Because they are forward-looking, these statements should be evaluated in light of important risk factors and uncertainties.
Should one or more of these risks or uncertainties materialize, or should any of ExOne's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
CONTACT: For more information, contact: Media: Nicole McEwen Marketing Director (724) 765-1328 firstname.lastname@example.org Investors: John Irvin Chief Financial Officer (724) 765-1310 email@example.com Deborah K. Pawlowski Kei Advisors LLC (716) 843-3908 firstname.lastname@example.org