The ExOne Company Announces Appointment of Hans J. Sack as New Director
18 December 2014 - 8:17AM
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 appointed Hans J. Sack to serve on the Board of Directors.
The Board of Directors increased the number of directors on its
board to eight and appointed Hans J. Sack to fill the newly-created
vacancy. Mr. Sack is "independent" under the NASDAQ rules.
Mr. Sack has been a Managing Director of HEADWATERS | SC, a
private consulting firm, since 2013. In that position, Mr. Sack
works on client engagements on matters relating to business growth
strategy development and implementation, operational improvement
initiatives, and acquisition and consolidation strategies and
related due diligence. Prior to joining Headwaters, from 2010 to
2012, Mr. Sack served as President and CEO of Berg Steel Pipe
Corp., the US subsidiary of Europipe GmbH, a global leader in large
diameter pipe for oil and gas pipelines. Mr. Sack served as
President & CEO of Latrobe Specialty Steel Company, a producer
of aerospace metals and tool steels owned by private equity firms,
from 2006 to 2009. From 1990 to 2006, Mr. Sack worked for The
Timken Company's steel business, which is now known as TimkenSteel
Corporation, beginning in 1990 as a senior steel business
specialist, serving in subsequent positions in the Steel Group as
manager–small bar mill, project manager–parts strategy, general
manager–precision steel components, and vice
president–manufacturing–steel and becoming President & CEO of
Timken Latrobe Steel in 1996 and becoming an officer of The Timken
Company in 1998. Mr. Sack received a master's degree in
mechanical engineering from RWTH Aachen, Germany, and a master's
degree in business administration from the Harvard University
Graduate School of Business Administration. Mr. Sack is a member of
the Board of Directors of Saint Vincent College and its McKenna
School of Business, Economics and Government.
Mr. Sack brings considerable leadership experience in steel
operations and steel mill equipment, as well as automotive
component and equipment manufacturing and will bring a strong base
of experience and knowledge on operational, commercial, geographic
and strategic matters to the Board.
Mr. Sack will also serve as the Chairman of the Company's newly
created Strategic Oversight Committee.
ExOne Chairman and CEO, S. Kent Rockwell, commented, "The
addition of Hans Sack to our Board will continue to strengthen and
enhance our Board. Hans brings a wealth of operational and
strategic experience, leadership and judgment to our Board and
Company."
About ExOne
ExOne is a global provider of 3D printing machines and printed
products, materials and other services to industrial customers.
ExOne's business primarily consists of manufacturing and selling 3D
printing machines and printing products to specification for its
customers using its in‐house 3D printing machines. ExOne offers
pre‐production collaboration and prints products for customers
through its eight production service centers ("PSCs"), which are
located in the United States, Germany, Italy and Japan. ExOne
builds 3D printing machines at its facilities in the United States
and Germany. ExOne also supplies the associated materials,
including consumables and replacement parts, and other services,
including training and technical support, necessary for purchasers
of its machines to print products.
Safe Harbor Regarding Forward Looking
Statements
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as
amended.
Forward-looking statements are subject to risks, uncertainties
and assumptions and are identified by words such as "expects,"
"estimates," "projects," "typically," "anticipates," "believes,"
"appears," "could," "plan," and other similar words. Such
statements include, but are not limited to, statements concerning
future revenue and earnings, involve known and unknown risks,
uncertainties and other factors that could cause the actual results
of the Company to differ materially from the results expressed or
implied by such statements, which include our ability to qualify
more materials in which we can print; the availability of skilled
personnel; the impact of increased operating expenses and expenses
relating to proposed acquisitions, investments and alliances; our
strategy, including the expansion and growth of our operations; the
impact of loss of key management; our plans regarding increased
international operations in additional international locations;
sufficiency of funds for required capital expenditures, working
capital, and debt service; the adequacy of sources of liquidity;
expectations regarding demand for our industrial products,
operating revenues, operating and maintenance expenses, insurance
expenses and deductibles, interest expenses, debt levels, and other
matters with regard to outlook; demand for aerospace, automotive,
heavy equipment, energy/oil/gas and other industrial products; the
scope, nature or impact of acquisitions, alliances and strategic
investments and our ability to integrate acquisitions and strategic
investments; liabilities under laws and regulations protecting the
environment; the impact of governmental laws and regulations;
operating hazards, war, terrorism and cancellation or
unavailability of insurance coverage; the effect of litigation and
contingencies; the impact of disruption of our manufacturing
facilities or PSCs; the adequacy of our protection of our
intellectual property; material weaknesses in our internal control
over financial reporting and other factors disclosed in the
Company's Annual Report on Form 10-K and other periodic reports
filed with the Securities and Exchange Commission. Because they are
forward-looking, these statements should be evaluated in light of
important risk factors and uncertainties.
Should one or more of these risks or uncertainties materialize,
or should any of ExOne's underlying assumptions prove incorrect,
actual results may vary materially from those currently
anticipated. The Company disclaims any obligation to update or
publicly announce any revisions to any of the forward-looking
statements contained in this news release.
CONTACT: For more information, contact:
Brian Smith
Chief Financial Officer
(724) 765-1350
brian.smith@exone.com
Deborah K. Pawlowski / Karen L. Howard
Kei Advisors LLC
(716) 843-3908 / (716) 843-3942
dpawlowski@keiadvisors.com / khoward@keiadvisors.com
ExOne (NASDAQ:XONE)
Historical Stock Chart
From Mar 2024 to Apr 2024
ExOne (NASDAQ:XONE)
Historical Stock Chart
From Apr 2023 to Apr 2024