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Actusnews Wire
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GROUPE GORGE: Several significant successes for Prodways Group industrial 3D printers


Prodways Group, a Groupe Gorgé company, announces today the first sale of its new ProMaker LD-20 printer to a new dental client. Presented for the first time a few weeks ago at the Formnext trade show, it is equipped with a double projector. This new machine has the fastest output of the range, printing up to 50 dental arches in less than one hour. At the same time, this foreign customer also purchased another ProMaker LD-10 machine. This demonstrates a new typology of customers, who are equipping themselves directly with several machines for volume production.

This quarter, Prodways Group also recorded two new sales of the MOVINGLight® V10 ceramic 3D printer launched in August 2018. These new sales make a total of four MOVINGLight® V10 machines sold since their unveiling at the International Additive Material Exhibition in China. All these sales were made in China, which is the largest ceramics market. These machines will mainly be used for R&D applications on new industrial manufacturing processes.

Lastly, Prodways Group has recorded one of its largest orders with the simultaneous sale of three ProMaker L5000 machines. This aeronautics customer is already equipped with two machines. Its large bank of machines is used in the development of an industrial process that could be rolled out on a larger scale.

All these machines have been sold for export. With the exception of the ceramic machines used by research institutes, these sales combined will generate close to 300,000 euros per year in recurring income from the use of these machines and their consumption of materials.

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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

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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Full and original release in PDF format:
https://www.actusnews.com/documents_communiques/ACTUS-0-56161-groupegorge_several-significant-successes-for-prodways-group-industrial-3d-printers-03122018.pdf

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