The
ExOne Company (Nasdaq:XONE) (“ExOne” or the “Company”), a global
provider of three-dimensional (“3D”) printing machines and 3D printed
and other products, materials and services to industrial customers,
announced that it has elected Charles Grace to the newly created
position of Chief Customer Officer. Mr. Grace joined the Company
yesterday.
John F. Hartner, ExOne’s Chief Executive Officer, stated, “We are
excited to welcome Charlie to the ExOne executive leadership team. He
brings extensive experience in developing and executing go-to-market
initiatives in 3D and 2D printing industries. Our first and third
strategic pillars focus on customers and applications as well as
recurring revenue, to drive growth in new markets and expand margins. In
this newly created leadership role, Charlie will have extensive customer
interaction as we continue to advance our machine adoption, expand
binder jetting applications and improve our recurring revenue base in
alignment with our strategy.”
Mr. Grace has more than 25 years of experience working with customers to
transform analog processes into robust digital solutions within the
graphic communications and additive manufacturing markets. He joined
ExOne from Xerox Corporation (NYSE:XRX), where he was Senior Vice
President-U.S. Production Business. In that role, he was responsible for
the sales strategy, execution and customer engagement of Xerox’s U.S.
production systems portfolio. From 2015 to 2017, Mr. Grace was Chief
Revenue Officer for 3D Systems Corporation (NYSE:DDD), a global provider
of 3D printers, print materials, on-demand manufacturing services and
digital design tools. Prior to that, he served in a variety of
leadership positions over a 16-year tenure with Electronics for Imaging,
Inc. (Nasdaq:EFII), including Vice President, Americas from 2007 to
2015. Mr. Grace earned an M.B.A. in Finance from the Gabelli School of
Business at Fordham University.
About ExOne
ExOne is a global provider of 3D printing
machines and 3D printed and other products, materials and 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 installed base of 3D printing
machines. ExOne’s machines serve direct and indirect applications.
Direct printing produces a component; indirect printing makes a tool to
produce a component. ExOne offers pre-production collaboration and print
products for customers through its network of ExOne Adoption Centers
(“EACs”). ExOne also supplies the associated materials, including
consumables and replacement parts, and other services, including
training and technical support that is necessary for purchasers of its
3D printing machines to print products. The Company believes that its
ability to print in a variety of industrial materials, as well as its
industry-leading volumetric output (as measured by build box size and
printing speed), uniquely position ExOne to serve the needs of
industrial customers.
Safe Harbor Regarding Forward Looking Statements
This
news release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act with respect to the
Company’s future financial or business performance, strategies, or
expectations. Forward-looking statements typically are identified by
words or phrases such as “trend,” “potential,” “opportunity,”
“pipeline,” “goal,” “believe,” “comfortable,” “expect,” “anticipate,”
“current,” “intention,” “estimate,” “position,” “assume,” “outlook,”
“continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” as well
as similar expressions, or future or conditional verbs such as “will,”
“would,” “should,” “could” and “may.”
The Company cautions that forward-looking statements are subject to
numerous assumptions, risks and uncertainties, which change over time.
Forward-looking statements speak only as of the date they are made and
the Company assumes no duty to and does not undertake to update
forward-looking statements. Actual results could differ materially from
those anticipated in forward-looking statements and future results could
differ materially from historical performance.
In addition to risk factors previously disclosed in the Company’s
filings with the U.S. Securities and Exchange Commission (the “SEC”),
including its Annual Report on Form 10-K, the following factors, among
others, could cause results to differ materially from forward-looking
statements or historical performance: the Company’s ability to
consistently generate operating profits; fluctuations in the Company’s
revenues and operating results; the Company’s competitive environment
and its competitive position; ExOne’s ability to enhance its current
three-dimensional (“3D”) printing machines and technology and develop
new 3D printing machines; the Company’s ability to qualify more
industrial materials in which it can print; demand for ExOne’s products;
the availability of skilled personnel; the impact of loss of key
management; the impact of market conditions and other factors on the
carrying value of long-lived assets; the Company’s ability to continue
as a going concern; the impact of customer specific terms in machine
sale agreements on the period in which the Company recognizes revenue;
risks related to global operations including effects of foreign
currency; the adequacy of sources of liquidity; the amount and
sufficiency of funds for required capital expenditures, working capital,
and debt service; dependency on certain critical suppliers; nature or
impact of alliances and strategic investments; reliance on critical
information technology systems; the effect of litigation, contingencies
and warranty claims; 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 impact of disruption of the Company’s
manufacturing facilities or EACs; the adequacy of ExOne’s protection of
its intellectual property; and expectations regarding demand for the
Company’s industrial products, operating revenues, operating and
maintenance expenses, insurance expenses and deductibles, interest
expenses, debt levels, and other matters with regard to outlook.
These and other important factors, including those discussed in the
Company’s Annual Report on Form 10-K, may cause the Company’s actual
results of operations to differ materially from any future results of
operations expressed or implied by the forward-looking statements
contained therein. Before making a decision to purchase ExOne common
stock, you should carefully consider all of the factors identified in
its Annual Report on Form 10-K and other SEC filings that could cause
actual results to differ from these forward-looking statements.
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