INDIANAPOLIS, July 15, 2014 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq:HURC) today announced the company recently filed a U.S. patent application for new technology combining 3D printing and CNC machining.
"We designed an additive manufacturing adapter that, in combination with proprietary Hurco control software, effectively turns a CNC milling machine into a 3D printer," said Gregory Volovic, President of Hurco Companies, Inc. "Hurco has a long history of inventing technology that allows our customers to be more productive and profitable. This is yet another Hurco innovation making advanced technology accessible to a broad range of customers. With this new additive manufacturing capability, users may go from print to plastic prototype to finished metal part on one machine without repeated set-ups and without multiple prototyping utilizing costly metals and raw material," explained Volovic.
This additive manufacturing technology permits Hurco machine tools to achieve 3D printing directly on the machine tool without the need for a separate 3D printer. Hurco is working on expanding its invention to include other additive manufacturing processes."We recently filed a utility patent application with the U.S. Patent and Trademark Office describing and claiming a variety of novel features of our 3D printing technology. Our control technology will provide our customers speed and ease of use in performing CNC-based, 3D printing and prototyping. With our new next generation control technology debuting at the International Machine Tool Show in Chicago later this year, Hurco is very excited to be introducing not only a new look for our products and our new CNC machine control, but also innovative capabilities not found on other CNC machines," said Volovic. Hurco Companies, Inc. is an industrial technology company that designs and produces interactive computer controls, software and computerized machine tools and machine tool components for the worldwide metal cutting and metal forming industry. The end market for the Company's products consists primarily of independent job shops and short-run manufacturing operations within large corporations in industries such as aerospace, defense, medical equipment, energy, transportation and computer equipment. The Company is based in Indianapolis, Indiana, with manufacturing operations in Taiwan, Italy, and China, and sells its products through direct and indirect sales forces throughout North America, Europe, and Asia. The Company has sales, application engineering support and service subsidiaries in China, England, France, Germany, India, Italy, Poland, Singapore, South Africa and the United States of America. Web Site: www.hurco.com Certain statements in this news release are forward-looking statements, such as those relating to the Company's recently filed patent application regarding its 3D printing technology, which involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, among others, whether the U.S. Patent and Trademark Office will grant the Company's pending 3D printing technology patent application, the cyclical nature of the machine tool industry, changes in general economic and business conditions that affect demand for our products, the risks of our international operations, changes in manufacturing markets, innovations by competitors, the ability to protect our intellectual property, fluctuations in foreign currency exchange rates, increases in prices of raw materials, quality and delivery performance by our vendors, our ability to effectively integrate acquisitions, negative or unforeseen tax consequences and governmental actions and initiatives including import and export restrictions and tariffs.
CONTACT: Sonja McClelland Vice President, Secretary, Treasurer and Chief Financial Officer 317-293-5309
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts