FRIEDBERG, Germany — (BUSINESS WIRE) — February 19, 2018 — voxeljet AG (NYSE: VJET) (the “Company” or “voxeljet”), a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, today announced that Tooling and Equipment International in Livonia, MI (TEI) has signed a 3-year Volume Contract with voxeljet America Inc. in Canton, MI for 3D printed sand molds and cores.
In the contract, TEI has committed to purchase more than 500,000 liters of 3D printed sand from voxeljet over an expected three-year period. In connection with the contract, voxeljet will install additional printing capacity in TEI’s Livonia facility as well as using its existing machines in their Canton, MI facility.
TEI is the largest user of 3D printed sand in the USA and has a comprehensive low-pressure aluminum casting facility together with heat treatment and a state-of-the-art machine shop with over 50 CNC machines. TEI supplies machined prototype and low volume components in aluminum, iron and steel to automotive, aerospace and defense customers. With the help of voxeljet’s high productivity 3D printing systems, geared towards industrial production, TEI will offer all phases of manufacturing from one source: design, 3D sand printing, casting, heat treatment, machining, and inspection.
Oliver Johnson, President of TEI commented: “This is an outstanding opportunity for both companies to further capitalize on the benefits of large scale 3D sand printing for engineered aluminum castings. With voxeljet working alongside us to supply molds and cores, we will be able to compress lead times even further for our customers while also setting new records in terms of the size and weight of parts we can cast. ”
David Tait, Managing Director of voxeljet America Inc. commented: “The 3D printing industry is at an inflection point, and this marks another milestone in our mission to push 3D printing into industrial production. We are very proud to support TEI’s growth strategy with our unique 3D printing technology.”
About TEI
TEI is a global leader in the design, engineering and manufacturing of prototype, pre-production and mass production equipment for the casting industry. TEI products are the highest quality and are backed by a reputation for innovation, design excellence, and precise first-run performance. TEI is a full service, vertically integrated supplier offering a complete range of services in Engineering, Tooling, Casting, Machining and Inspection complete on one site. This approach delivers TEI and its customers’ fundamental advantages in terms of timing, confidentiality, and quality.
About voxeljet
voxeljet is a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers. The Company’s 3D printers employ a powder binding, additive manufacturing technology to produce parts using various material sets, which consist of particulate materials and proprietary chemical binding agents. The Company provides its 3D printers and on-demand parts services to industrial and commercial customers serving the automotive, aerospace, film and entertainment, art and architecture, engineering and consumer product end markets. For more information, visit http://www.voxeljet.de/en/.
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This press release contains forward-looking statements concerning our business, operations and financial performance. Any statements that are not of historical facts may be deemed to be forward-looking statements. You can identify these forward-looking statements by words such as ‘‘believes,’’ ‘‘estimates,’’ ‘‘anticipates,’’ ‘‘expects,’’ ‘‘plans,’’ ‘‘intends,’’ ‘‘may,’’ ‘‘could,’’ ‘‘might,’’ ‘‘will,’’ ‘‘should,’’ ‘‘aims,’’ or other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements include statements regarding our intentions, beliefs, assumptions, projections, outlook, analyses or current expectations concerning, among other things, our results of operations, financial condition, business outlook, the industry in which we operate and the trends that may affect the industry or us. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that forward-looking statements are not guarantees of future performance. All of our forward-looking statements are subject to known and unknown risks, uncertainties and other factors that are in some cases beyond our control and that may cause our actual results to differ materially from our expectations, including those risks identified under the caption “Risk Factors” in the Company’s Annual Report on Form 20-F and in other reports the Company files with the U.S. Securities and Exchange Commission. Except as required by law, the Company undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.
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