3D Printing Company ExOne to Raise $75 Million in IPO on NASDAQ
3D printing firm ExOne has filed to go public. Based in North Huntingdon, PA, ExOne plans to raise up to $75 million in an IPO and list on the NASDAQ with the symbol XONE. The company’s latest annual revenue figure was $19 million.
Founded in 2003, ExOne develops 3D printing and additive manufacturing technology. As described on their website:
Our process solutions give manufacturers the freedom to produce objects that have virtually unlimited design complexity. We collaborate with our clients through the entire development and production process so that they are able to “materialize” new concepts — designs, prototypes, and production parts — precisely when needed. Production scale is irrelevant and lot quantities of one are just as efficient as lot quantities of one thousand. We offer both the services and the equipment to enable point-of-use manufacturing using additive manufacturing processes.
We support the use of traditional industrial strength materials ranging from metals to ceramics to glass, all used in revolutionary ways. Our full range of offerings also includes services and equipment for fabricating on a “micro” scale, which enables machining of small features with precision and speed. ExOne is the optimal partner for any industrial manufacturer who is transitioning their manufacturing business to the digital age.
Below is a video showing ExOne’s digital part materialization (3D printing) process for printing sand casting molds and cores, beginning with a digital file, going through solidification analysis, printing and finally casting a finished industrial part.
See our other posts about 3D printing stocks.