abrooklyn
8 years ago
Safrans Post on same with a bit more information on materials and processes
Safran announces technology partnership with Prodways Group, a European leader in 3D printing for industry
Paris, le 26 avril 2017
Safran and Prodways Group announced today that they are teaming up to develop additive manufacturing (3D printing) materials and processes. As part of this collaboration, Safran Corporate Ventures is taking a stake in Prodways, one of the European leaders in 3D printing for industrial and trade applications. Prodways Group offers multi-material solutions, in particular based on its MOVINGLight® technology.
A framework technology partnership agreement
The partnership agreement signed by Safran and Prodways Group concerns the development of printable materials and assembly processes for these materials with inorganic compounds, such as ceramics and metals, which can be applied to Safran's products and processes. In addition to this general contract, the companies could also sign specific contracts in areas such as casting, metallic parts made by indirect manufacturing, and high-temperature polymer powders for composites. The five-year contract is non-exclusive, and is renewable by a jointly agreed amendment.
"This agreement reflects Safran's proactive policy on additive manufacturing," noted Stéphane Cueille, Safran Executive Vice President, R&T and Innovation. "Safran is already at the cutting edge of this field, and uses 3D printing technology to make parts and subassemblies for its engines, as well as aircraft and defense equipment. Through this agreement, the two companies will be able to pool their skills to effectively transform the technology building blocks offered by Prodways into additive manufacturing processes for Safran products."
A stake in Prodways Group
Along with this agreement, Safran Corporate Ventures, in conjunction with Fimalac and BNPP, has subscribed convertible bonds prior to the stock market listing of Prodways Group on Euronext Paris, announced today. These three investors, as well as Bpifrance and Financière Arbevel, have also pledged to subscribe to Prodways' capital increase.
Prodways Group recorded sales of 25.2 million euros in 2016, with 58% of the total generated on international markets. The company works for a number of different sectors, including aerospace and healthcare, and provides an integrated package of products and services that is unrivaled in Europe (3D printing machines, composite, hybrid and powder materials, the manufacture of plastic and metal parts).
Along with this agreement, Hélène de Cointet, co-head of Safran Corporate Ventures, will join the Prodways Group Board of Directors.
Safran is a leading international high-technology group with three core businesses: Aerospace, Defence and Security (ongoing divestiture of Security business). Operating worldwide, the Group has 66,500 employees (Security included) and generated sales of 15.8 billion euros in 2016 (excluding Security). Working independently or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.7 billion euros in 2016 (excluding Security expenditures). Safran is listed on Euronext Paris and is part of the CAC40 index, as well as the Euro Stoxx 50 European index.
For more information : www.safran-group.com / Follow @Safran on Twitter
abrooklyn
8 years ago
Prodways, Safran partner to create inorganic 3D printing materials; Prodways IPO subscription starts tomorrow
Apr 26, 2017 | By Tess
French aircraft engineering company Safran has announced a new partnership with Prodways, the 3D printing solutions subsidiary of Gorgé Group. Together, the companies will seek to develop new and innovative 3D printing materials and processes. As part of the collaboration, Safran will also acquire a stake in Prodways.
The partnership agreement signed by both companies is a non-exclusive five-year contract which allows for new, more specific contracts to supplement the main agreement. These additional contracts can cover adjacent manufacturing areas, such as casting, indirect metal part manufacturing, and composite high-temperature polymer powders. The five-year partnership can also be renewed through a joint amendment if necessary.
According to the recently signed agreement, Safran Group and Prodways will work together to develop new 3D printing materials with inorganic compounds (such as ceramics and metals) as well as assembly processes for the new materials. Safran is reportedly hoping to integrate the specially developed additive manufacturing materials into its own products.
"This agreement reflects Safran's proactive policy on additive manufacturing," commented Stéphane Cueille, Executive Vice President, R&T and Innovation at Safran. "Safran is already at the cutting edge of this field, and uses 3D printing technology to make parts and subassemblies for its engines, as well as aircraft and defense equipment. Through this agreement, the two companies will be able to pool their skills to effectively transform the technology building blocks offered by Prodways into additive manufacturing processes for Safran products."
?
As mentioned, Safran has also acquired a stake in its new 3D printing partner, and the deal will see the co-head of Safran Corporate Ventures, Hélène de Cointet, join the Prodways Group Board of Directors. Looking at the stakes more specifically, Safran Corporate Ventures (in conjunction with Fimalac and BNPP) subscribed to convertible bonds prior to Prodways Group being listed on Euronext Paris, the French securities market.
The IPO listing, which will be official on May 12 2017, was announced earlier today by Prodways Group. According to the company, the indicative range for its share value is estimated at between EUR 3.8 and EUR 4.8 per share. The subscription period for Prodways’ IPO will launch tomorrow (April 27) and will run until May 10 inclusive.
Groupe Gorgé, Prodways’ parent company, also announced it is hoping to raise up to EUR 52.3 million through the IPO listing. Groupe Gorgé and its subsidiary ECA will benefit from priority orders.
In 2016, Prodways Group recorded sales of EUR 25.2 million, with 58% of the sales generated on through international markets. A leader in 3D printing solutions, Prodways has worked in various different sectors, including aerospace and healthcare, and has partnered with a number of companies around the globe including Nexteam, A. Schulman, Farsoon, and more.
http://www.3ders.org/articles/20170426-prodways-safran-partner-to-create-inorganic-3d-printing-materials;-prodways-ipo-subscription-starts-tomorrow.html
abrooklyn
8 years ago
Prodways, a Groupe Gorgé subsidiary, partners
with Cerhum to strengthen its ceramic offer and
develop the 3D printing of the future
http://www.groupe-gorge.com/en/wp-content/uploads/sites/4/2016/11/PR_GG_Prodways_announces_a_partnership_with_Cerhum_ENG.pdf
Concurrently with the FormNext trade show in Frankfurt,
Prodways - a Groupe Gorgé subsidiary - announces its partnership with Cerhum, the expert in ceramic applications, to broaden its offer of high-performance materials for its MOVINGLight® technology. By targeting ceramic materials and printing processes, this partnership endeavors to offer comprehensive solutions for ceramic additive manufacturing with the aim to develop new biomedical applications.
Based on its exclusive MOVINGLight® technology, Prodways offers 3D printers able to process photoresists in addition to technical ceramic, providing as yet unequaled levels of precision, high-quality detail and finishing in the area of ceramic printing. Convinced that industrial innovation depends on the development of comprehensive solutions for each application, Prodways has partnered with Cerhum to optimize the synergy between technology and ceramic materials, and to draw on its expertise in the promising fields of orthopedics, maxillofacial surgery, and bone reconstruction.
Cerhum: a cutting-edge business in ceramic 3D printing
The fruit of 15 years' experience within SIRRIS, Cerhum is a spinout that was created to offer high-performance ceramic solutions for additive manufacturing.
Drawing on an experienced team renowned for its developments in ceramic materials, Cerhum offers its expertise across all additive manufacturing services, ranging from parts design to production directly at the client's premises, in addition to the development of ceramic materials.
This partnership aims in particular to market new, high-performance ceramic materials formulated specifically for the biomedical industry and developed by Cerhum. It will also make it possible to refine application processes for the other ceramic materials offered by Prodways as part of its MOVINGLight® technology, bringing exclusive benefits and great development potential for innovative industrial and biomedical applications.
In the words of Grégory Nolens, founder and CEO of Cerhum: "Over and above the combination of Prodways' indisputable expertise in its exclusive MOVINGLight® technology, and Cerhum's expertise in high-performance ceramic materials, this partnership expresses our shared determination to support our customers at every stage of their additive manufacturing requirements by offering unique expertise and comprehensive services and solutions tailored to their need for innovation."
This partnership confirms Prodways' strong desire to open up its technologies to leading industrial partners to develop the materials that will lead to the 3D printing of the future.
abrooklyn
8 years ago
André-Luc Allanic, Director of the R&D department
of Prodways, voted 2016 Engineer of the Year
http://www.groupe-gorge.com/en/wp-content/uploads/sites/4/2016/12/PR_GG_AL_Allanic_RD_Director_of_Prodways_voted_Engineer_of_the_year_ENG.pdf
During the 2016 Engineers of the Future Awards Ceremony, held at the Pavillon Champs-Elysées in Paris on Tuesday, December 6, André-Luc Allanic, co-founder and Director of the R&D department of Prodways (a Groupe Gorgé subsidiary), was awarded the Engineer of the Year prize by the editorial staff of Usine Nouvelle magazine.
This award marks a significant year with many developments at Prodways, with the sale of its 70th ProMaker 3D printer, and the first sale of its
selective laser sintering ProMaker P1000.
Recognizing an innovator's achievements:
This award acknowledges André-Luc Allanic's contribution to the technological advances of additive manufacturing. André-Luc Allanic is one of the global experts and pioneers in 3D printing. He has worked on various innovative technologies over the last 25 years (in particular stereolithography and metal and polymer powder sintering). In the early 90s, he developed some of the first European 3D printers for the CNRS. Joining the corporate world in 1993 at "Laser 3D", André-Luc Allanic designed stereolithography machines that were already the fastest on the market at that time.
In 1997, André-Luc Allanic created his own company,"Optoform", and developed revolutionary 3D printing systems. In 2001, the company was purchased by the global leader in 3D printing, "3DSystems" (US), which already saw Mr. Allanic's innovations as foreshadowing "the future of the industry".
In 2007, André-Luc Allanic created his own company in France, in order to
implement his new technology: the patented MOVINGLight® technology, which
offers unparalleled resolution combined with very high productivity. His meeting with Raphaël Gorgé in 2013 marked the entry of Groupe Gorgé in 3D printing.
The completion of new stages in its development:
This award also marks the end of a significant year with many developments for Prodways, positioned as a key player in additive manufacturing.
Prodways takes this opportunity to announce the sale, in December, of its 70th
3D printer for an application of manufacturing of injection mold in 3D printing
(spanning all technologies). This end of year is also marked by the first success of its most recent innovation, the ProMaker P1000, its professional selective laser sintering printer at less than €100,000. Its first sale was completed directly at the FormNext trade show held end-November alongside allthe major global players in additive manufacturing.
By 2017, this machine could be
abrooklyn
8 years ago
http://3dprintingindustry.com/news/groupe-gorge-announce-51-increase-3d-printing-sales-90118/
Groupe Gorgé announce 51% increase in 3D printing sales
Groupe Gorgé today published financial results for the second quarter of 2016. The stock market viewed the news in a positive light and the announcement drove the companies share price higher with an increase of almost 5%. The unaudited financial statements show that 3D printing revenue is the fastest growing division at the company.
Shaping Up to be Global Competitor
The French company was founded in 1990 and now employs over 1,600 people in operations that span more than 10 countries. Groupe Gorgé derives the majority of revenue from automated smart safety systems and the provision of robotics for use in hazardous environments. They also perform industrial maintenance and install systems for use in nuclear safety, mainly to protect those working with nuclear materials.
Groupe Gorgé’s 3D printing division is focused on, “Enabling major industry players to find new routes to successful innovation and production processes by providing systems, 3D printers and new premium material.” Groupe Gorgé entered the 3D printing market in 2013 with the acquisition of Prodways.
Prodways make 3D printers using their MOVINGlight technology; this uses a mobile Digital Light Projector (DLP) that projects the image and cures as the head moves. This means the printer can create detailed parts at much larger build volumes. The technology is used on their Promaker L Series of industrial 3D printers, while the V Series 3D printers print in ceramics and metals.
When Prodways first demonstrated their printers at Euromold back in 2013, 3DPI suggested the company were one, “to keep an eye on”. The Prodways’ Entrepreneurs program was launched in June 2014 to develop the market and in the same year the company released 9 different printers and 14 materials at Euromold.
3D Printing Revenue Fastest Growing
Today’s announcement illustrates that their 3D printing strategy is paying off. Groupe Gorgé’s revenue from 3D printing was €12.1m ($13.3m) for the 6 months ending 30 June, 2016. The company booked 3D printing related sales driving a 51.3% increase in the period. 3D printing revenue currently contributes less than 10% to the total €141.7m ($155.6m) reported total. However, of the 4 revenue streams growth in the 3D printing category has outpaced other divisions. The Protection in Nuclear Environments division reported the second highest percentage growth rate as 26%, almost half that of 3D printing.
Groupe Gorgé have reported sustained growth over the past 13 quarters and say the revenue from 3D printing is “satisfactory”. According to the company, they anticipate further growth in this area during the second half of the year. 2016 is a, “major phase in the development” of this line of business and work is in progress to consolidate the acquisitions made in 2015 and to build upon partnerships with industry. These partnerships include a deal with the 3rd largest manufacturer of selective laser sintering 3D printers, Farsoon.
prodways farsoon metal 3D printing logo
Strategic Acquisitions
One of the acquisitions referenced is the purchase of a dental laboratory in France. Initial customers for Prodways were in the dental industry and further vertical integration into supply chain here will allow Groupe Gorgé to capture additional value. This is a strategy seen at other 3D printer manufacturers such as Arcam who own a medical implant contract manufacturer. In Arcam’s case the approach has been successful and allowed customers to dip their feet in the water by testing the viability and economic impact of sourcing 3D printed components before taking the plunge with an investment in a 3D printer of their own. Prodways also acquired a Norge, a startup involved in SLS for plastic powder. Again, this is a common strategy to deepen the value chain and was evident in Arcam’s acquisition of AP&C, a manufacturer of specialist metal powders.
Prodways recently announced their first sales in the important 3D printing market of Korea. The company sold a ProMaker L7000 and a ProMaker L5000, “to one of the most trusted public research and R&D institutes in Korea”. The company has also signed a partnership agreement with Japanese company Altech Co who specialize in the import and sale of machines. Hidehiko Suyama, Managing Director of Altech, said, “This market has experienced massive growth in just a few years, and the product range has expanded through this growth. We are convinced that Prodways has all the necessary resources to meet the professional and industrial demand via products and a sales strategy in perfect keeping with our current equipment offer. We believe in our partnership with Prodways in the long term.”
Expanding International Markets
The Japanese market for industrial grade 3D printers is set to heat up with local company Ricoh announcing a possible addition to their existing line of 3D printers during the Tokyo Big Site last month. Ricoh showcased a, “prototype and not ready for launching in the market” at the show but as of yet, “commercialization and its timing are to be determined” according to Yukari Ezoe at the company. By revenue Ricoh is a much larger company than Group Gorgé, the most recent full year financial results reported $909m compared to $290m for the French company. Ricoh entered the 3D printing market in 2014 with technology developed in association with Aspect Inc. However, 3D printing sales at Ricoh have been sluggish, whereas Groupe Gorgé’s acquisition of Prodways in 2013 gave the French company a head start of one year and access to a range of 3D printers already under development.
With revenue spread across 4 divisions the company has not seen the dip in share price experienced by 3D printing companies with a singular focus. Anticipation is for the 3D printing business to continue to grow and when the company publish their next full year financial report they are confident that, “The annual revenue target will likely be exceeded,” according to today’s release.
Jmb0173
10 years ago
Sttone, please keep us updated. This stock in my view is a dramatically undervalued play, which could monetize over time in a lot of ways...awareness/P:E, divvy, M&A, licensing, etc.
I wish this board was more active but am deeply appreciative to those who post updates regularly.
-jmb0173
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