DELAND, Fla., Dec. 12, 2013 /PRNewswire/ -- ARC Group Worldwide, Inc. (NASDAQ: ARCW; the "Company" or "ARC") announced today that it has formed a new division, 3D Material Technologies, LLC ("3DMT"). 3DMT is focused on utilizing ARC's experience in 3D printing, rapid prototyping, short run production, and tooling to dramatically reduce customer's 'time to market'.
Using proprietary technology and expertise, 3D Material Technologies will provide its customers with the ability to simplify the process of taking a concept to production, all within a matter of days. Conventional prototype processes typically take several weeks to months to complete and often several additional months to reach production levels. 3D Material Technologies utilizes 3D printing, CNC Machining, and MIM Technology to facilitate the creation of rapid prototypes, short run production, and mass customization parts. Further, ARC has used Fused Deposition Modeling ("FDM"), Selective Laser Sintering ("SLS"), and Stereolithography ("SLA") technology for several years, and will commit significant resources to build this effort in response to burgeoning demand by customers. In particular, 3DMT views metal 3D printing as a significant area to build out its capabilities.
Chairman and CEO Jason Young commented, "We are excited to launch 3D Material Technologies. 3D printing is complementary to our core manufacturing capabilities. As such, we believe 3DMT is well positioned to significantly grow in this market segment, while responding to our customer's needs in reducing development cycle time. We are excited about building this effort and providing new products and services to our customers."For more information on 3DMT, please visit www.3DMaterialTechnologies.com. About ARC Group Worldwide, Inc. ARC Group Worldwide is a diversified, global manufacturing company, as well as the unequivocal world leader in Metal Injection Molding ("MIM"). ARC was founded in 1987 and has a long history as a technology innovator in manufacturing. ARC has significant expertise in lean manufacturing and utilizes cutting edge technology including robotics, automation, and 3D printing. ARC's mission is to bring innovation and technology to manufacturing. ARC's core manufacturing businesses are in precision components, flanges, fittings, and wireless technology, through its operating subsidiaries, www.FloMet.com, www.AFTmim.com, www.Injectamax.com, www.TeknaSeal.com, www.3DMaterialTechnologies.com, www.GeneralFlange.com and www.ArcWireless.net. For more information about ARC Group Worldwide, please visit www.ArcGroupWorldwide.com. IMPORTANT INFORMATION This press release may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995, which are based on ARC's current expectations, estimates and projections about future events. These include, but are not limited to, statements, if any, regarding business plans, pro-forma statements and financial projections, ARC's ability to expand its services and realize growth. These statements are not historical facts or guarantees of future performance, events or results. Such statements involve potential risks and uncertainties, and the general effects of financial, economic, and regulatory conditions affecting our industries. Accordingly, actual results may differ materially. ARC does not have any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For additional factors that may affect future results, please see filings made by ARC with the Securities and Exchange Commission ("SEC"), including its Form 10-K for the fiscal year ended June 30, 2013. CONTACT: Drew KelleyPHONE: (386) 736-4890Email: InvestorRelations@ArcGroupWorldwide.com
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