Newest PSC Located in Auburn, Washington; Third U.S.-Based PSC Serves the Northwestern Industrial Corridor
Sales Centers to be Located in Sao Paulo and Shanghai
NORTH HUNTINGDON, Pa., July 31, 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 opened a new Production Service Center ("PSC") in Auburn, Washington, near Tacoma. Additionally, the Company announced the establishment of sales centers in Sao Paulo, Brazil and Shanghai, China. To be cost competitive and with sufficient customer demand in the Puget Sound region, the Company opened an 11,600 square foot leased facility in which it will print molds and cores for foundries in the northwestern U.S. corridor. With the general manager and production staff already on board, full operations are expected to commence in September. This marks ExOne's third PSC in the U.S. and sixth PSC worldwide. The Company's new sales centers in Sao Paulo and Shanghai will utilize the resources of the Association for Manufacturing Technology ("AMT"), which provides global support to U.S. manufacturers through its technical centers and representative offices in numerous global locations. ExOne will have sales representatives in each office to focus on targeting customers well suited for ExOne's 3D printing technology and to focus on furthering the reach of the Company's expanding sales network in South America and China. David Burns, President and Chief Operating Officer of ExOne commented, "PSCs provide our customers the opportunity to directly experience our 3D printing technology and increase their understanding of the value it can provide their operations. As the hub of industrial activity in the northwestern U.S., particularly the aerospace industry, the greater Tacoma area is a natural location for our sixth PSC. We expect the addition of this facility will help to drive further revenue growth, consistent with our expansion strategy."