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  GROUPE GORGE company press release from 09/04/2018

  09/04/2018 - 07:00

First multiple sales for the new Prodways ProMaker LD-10 3D printer


Prodways Group, a Groupe Gorgé company, has today announced the first simultaneous order for two ProMaker LD-10s from a front-running North-American dental laboratory.

The sale is symbolic is several respects. It illustrates the successful launch of the new ProMaker LD-10 developed by Prodways Technologies in 2017 to expand the MOVINGLight® range to new segment of dental laboratories requiring industrial machines priced below €100,000. Above all, it validates the recognition and quality of 3D printing production machines from Prodways. This is effectively the first time ever that a new client has placed an initial order directly for two machines. The order could be followed by other purchases, depending on how quickly the production gets up to speed.

These two ProMaker LD-10s will be installed during the 2nd quarter of 2018, and at set production speed will consume several hundred kilos of 3D printing resins per year.

The development of the new generation of ProMaker LD-10 dental 3D printers is based on the success of Prodways' exclusive MOVINGLight® technology. It has seriously impressed major players in the dental industry (manufacturers of teeth aligners, top laboratories and dental production centers) with a unique combination of high precision and productivity on major manufacturing platforms.

The success of the ProMaker LD-10 dental 3D printer is further confirmed by its nomination as Professional 3D printer of the year in the Polymers category by the reference media 3D Printing Industry and will be exhibited on Prodways booth at the AMUG conferences to be held April 8-12 in St Louis, USA.

The sale also once again confirms the quality and accuracy of products printed by Prodways machines, particularly for high-scale production applications such as dental models or orthodontic protectors

Disclaimer

GROUPE GORGE press releases may contain forward-looking statements regarding GROUPE GORGE's targets. These forward-looking statements reflect GROUPE GORGE's current expectations. Such forward-looking statements and targets depend on known and unknown risks, uncertainties and other factors that could cause actual results, performance or events to differ materially from those anticipated herein. The risks and uncertainties that could affect the Group's future ability to achieve its targets include, in addition to those indicated in the press release: the strength of competition; the development of markets in which the Group operates and notably the 3D printing division; currency fluctuations; obtaining the export authorizations that may be required for certain activities; control of costs and expenses; changes in tax legislation, laws, regulations or their enforcement; our ability to successfully keep pace with technological advances; our ability to attract and retain qualified personnel and key staff; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financial statements; manufacturing and supply chain bottlenecks; the performance of our business partners (subcontractors, agents, suppliers, etc.). Some of these risk factors are set forth and detailed in our Document de Référence (Registration Document including the annual financial report filed with the French Autorité des Marchés Financiers), available on our website www.groupe-gorge.com. This list of risks, uncertainties and other factors is not limitative. Other unanticipated, unknown or unforeseeable factors, such as changes in the economic situation or financial markets, could also have a material adverse effect on our targets.

This press release and the information it contains do not constitute an offer to sell or to subscribe, or a solicitation to purchase or subscribe shares or securities in GROUPE GORGE or in its listed subsidiaries in any country whatsoever.

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About Groupe Gorgé

Founded in 1990, Groupe Gorgé is an independent group that specializes in high-tech industries. Today, the Group is active in the fields of security and protection in extreme environments, as well as in the 3D printing sector. In its more than twenty-five year history, Groupe Gorgé has always developed and driven the latest technological and industrial innovations.

Smart Safety Systems:

Developing complete, innovative technological solutions for complex missions in hostile and confined environments.

Protection of High-Risk Installations:

Protecting people and ensuring the active and passive protection of installations for energy markets and industrial and tertiary sectors in France. Ensuring the maintenance of these protection systems.

3D Printing:

Enabling major industry players to find new routes to successful innovation and production processes by providing 3D printers, premium material, software and 3D printed parts.

In 2017, the Group reported revenue of €276.7 million. It is backed by 2,000 employees and operations in over ten countries.

More information available on www.groupe-gorge.com

Groupe Gorgé is listed on Euronext Paris Compartment B.

ISIN code: FR0000062671

Ticker code: GOE

Contact

Groupe Gorgé - Raphaël GORGÉ – CEO & Chairman - Tel.: +33 1 44 77 94 77 - E-mail: contact@groupe-gorge.com

Finance News – Anne-Pauline PETUREAUX – Analysts/Investors Relations - Tel.: +33 1 53 67 36 72 - E-mail: apetureaux@actus.fr

Finance News – Jean-Michel MARMILLON – Press Relations - Tel.: +33 1 53 67 36 73 - E-mail: jmmarmillon@actus.fr