Company is operating profitably and maintains strong backlog as demand for high volume production systems increases
Albuquerque, New Mexico. 8 March 2016: Optomec, a leading global supplier of production grade additive manufacturing systems for 3D Printed Metals and 3D Printed Electronics, today announced strong sales growth for the fiscal year ending December 31, 2015. The Company reported a 70% increase in revenues compared to 2014, with business spread almost equally across its LENS and Aerosol Jet product lines. Furthermore, Optomec reported that it was profitable for the year with EBITDA of 9%, even as it continues to maintain a high level of investment in the expansion of its distribution channels and product portfolio to drive future growth. The Company entered 2016 with approximately 6 months in high-growth backlog.
Contributing to growth were expansions involving multiple systems at several key customers, including General Electric (GE) and LITE-ON Mobile Mechanical SBG (LITE-ON), a global provider of electronic manufacturing services. For example, LITE-ON deployed multiple Aerosol Jet production systems, operating 24×7, at its Guangzhou, China facility. The production ramp gives LITE-ON the capacity to produce 3D antenna and/or 3D sensors for millions of consumer electronics devices per year.
In addition to repeat business from many existing customers, Optomec also developed new business with more than 30 new customers in 2015, resulting in orders for more than 60 industrial 3D printers in total – up more than 50% over 2014. The Company enters 2016 with many of these users planning on production rollouts, in particular in the areas of industrial sensors, wearables, healthcare, and hybrid manufacturing.
“Our solid growth in 2015 gives evidence that industrial adoption of high volume additive manufacturing is now a reality at leading corporations”, said Dave Ramahi, Optomec CEO. “The path forward looks promising as our new customers realize the cost and functional advantages of Optomec solutions and plan for further production rollouts. Beyond our commercial successes, 2015 was also significant as we were pleased to welcome GE and Autodesk, two visionaries in the additive manufacturing industry, as strategic investors in the company.”
Optomec is a privately-held, rapidly growing supplier of Additive Manufacturing systems. Optomec’s patented Aerosol Jet Systems for printed electronics and LENS 3D Printers for metal components are used by industry to reduce product cost and improve performance. Together, these unique printing solutions work with the broadest spectrum of functional materials, ranging from electronic inks to structural metals and even biological matter. Optomec has more than 200 marquee customers around the world, targeting production applications in the Electronics, Energy, Life Sciences and Aerospace industries. For more information about Optomec, visit https://optomec.com/.
LENS is a registered trademark of Sandia National Labs; Aerosol Jet is a registered trademark of Optomec.
Shayna Watson- Optomec