New printers and software updates to The
Digital Forge allow manufacturers to overcome challenges more
quickly and easily than before
Markforged, creator of the integrated metal and carbon fiber
additive manufacturing platform, The Digital Forge, today announced
three key additions to the platform: the Metal X Gen 2, Next Day
Metal, and the X7 Field Edition. Together, these new hardware and
software releases are built to help manufacturers reinvent the way
they overcome global supply chain challenges by producing parts
efficiently and safely at the point of need. Whether on a factory
floor or deployed in the most remote areas of the world, these
advances are designed to enable manufacturers to recover faster
when parts break, operate with less on-hand inventory, and minimize
equipment downtime.
The Metal X Gen 2 builds on the rich legacy of its predecessor,
the original Metal X System released in 2017, by pushing the
boundaries of what’s possible in printing complex, industrial-grade
metal parts with key hardware developments that improve user
experience and increase operator safety to make metal printing even
easier. New features — an external seven-inch touchscreen, door
position sensors, and additional chamber insulation — make the Gen
2 even more energy- and time-efficient than before.
In tandem with the introduction of the Metal X Gen 2, Markforged
will be releasing Next Day Metal across its entire global fleet of
metal printers. This over-the-air software update unlocks print
speeds up-to twice as fast as before to produce high-quality,
strong metal parts. Wash and dry times — an essential step in the
metal 3D printing process — are now more accurate for smaller
parts, shortening the required debind cycle time. These factors,
combined with an approximately 17-hour small parts express run on
the Sinter-2 post-processing oven, can give manufacturers the parts
they need more quickly and — thanks to increased capacity on each
printer — allows them to scale their additive manufacturing
operation.
Next Day Metal’s increased production speed will be key for
manufacturers such as Markforged customer Angus 3D Solutions, a
Scotland-based print services provider. The team at Angus 3D
Solutions needed to produce some specialty tight-clearance wrenches
for their client, and traditional processes would have taken too
long and required that the part be air-freighted to its destination
to meet the end customer’s deadline. By taking advantage of their
Markforged Metal X system, Angus 3D Solutions turned around a
prototype in three days instead of two-to-three weeks, and was able
to fulfill the entire order on time, saving approximately $25,000
in shipping costs and avoiding unplanned downtime for the end
user’s operations. With Next Day Metal, this same part could be
produced overnight.
“The Metal X has been an important part of our business since we
first began using it,” said Andy Simpson, Managing Director of
Angus 3D Solutions. The Scotland-based print services provider
utilizes The Digital Forge platform to produce key parts for its
customers — including some of the biggest oil and gas companies in
Scotland. “Our customers rely on us to produce specialty parts that
can be time-consuming to make and expensive to ship quickly. Our
Markforged Metal X printer enables us to fulfill orders in a fast
and timely fashion. Next Day Metal unlocks a new level of potential
for us to scale our metal printing business and satisfy customer
needs on even quicker turnarounds.”
Supply chain and manufacturing challenges relying on The Digital
Forge are not limited to the factory floor. The X7 Field Edition
(X7 FE) allows Markforged technology to be deployed in the most
demanding environments in every corner of the world, helping
engineers, operators, and service members reinvent the way they
tackle global supply chain challenges.
The X7 FE is a ruggedized, field-deployable industrial 3D
printer for tactical response to inventory challenges in remote
locations, as utilized by the U.S. Marine Corps XFAB program. The
X7 FE is equipped with a rotomolded high-impact polyethylene
Pelican case to protect it during transportation through harsh
environments. The case contains all the tools, spare parts, and
materials required for maintenance and repair operations in the
field. Customers can drop the unit directly into harsh environments
like combat zones and exploration sites and be printing in less
than two minutes.
“Manufacturers are up against many challenges in today’s market
— from supply chain challenges like rising supply costs and
shipping delays to increased pressure from the market to innovate
faster and stay ahead of the competition,” said Shai Terem,
President and CEO of Markforged. “Since Markforged shipped our
first printer, we’ve been committed to quality and continuous
improvement, always looking for simpler, smarter, and more robust
ways to empower our customers to build anything they can imagine.
The addition of the Metal X Gen 2, Next Day Metal, and the X7 FE to
our Digital Forge are important steps towards reinventing
manufacturing today so that we are all more resilient tomorrow
anywhere in the world.”
The Metal X Gen 2 and Next Day Metal for both the Metal X Gen 1
and Gen 2 are available today. The X7 FE is available for pre-order
today, and will ship beginning fall of 2021. For more information,
please visit www.markforged.com.
About Markforged
Markforged transforms manufacturing with 3D metal and continuous
carbon fiber printers capable of producing parts tough enough for
the factory floor. The Markforged Digital Forge brings the power
and speed of agile software development to industrial
manufacturing, combining hardware, software, and materials to
eliminate the barriers between design and functional parts.
Engineers, designers, and manufacturing professionals all over the
world rely on Markforged metal and composite printers for tooling,
fixtures, functional prototyping, and high-value end-use
production. Founded in 2013 and based in Watertown, Mass.,
Markforged has more than 250 employees globally. Markforged has
been recognized by Forbes in the Next Billion-Dollar Startups list,
and was listed as the #2 fastest-growing hardware company in the US
in the 2019 Deloitte Fast 500. In February 2021, Markforged
announced it entered into a definitive agreement to merge with one
(NYSE: AONE), a special purpose acquisition company founded and led
by technology industry veteran Kevin Hartz. The transaction is
expected to close in the summer of 2021, subject to regulatory and
stockholder approvals, and other customary closing conditions. The
combined company will retain the Markforged name and be listed on
the NYSE under the ticker symbol “MKFG”.
About one
one is a special purpose acquisition company sponsored by A*
formed for the purpose of effecting a business combination with one
or more businesses in the innovation economy. one completed its
initial public offering in August 2020 raising $215 million in cash
proceeds. A* was founded and is led by technology industry veteran
Kevin Hartz.
Participants in the Solicitation
one and Markforged and their respective directors and executive
officers may be considered participants in the solicitation of
proxies with respect to the potential transaction described in this
document under the rules of the Securities Exchange Commission (the
“SEC”). Information about the directors and executive officers of
one and Markforged are set forth in one’s Amendment No. 2 to
Registration Statement on Form S-4/A filed with the SEC on June 4,
2021 (the “Registration Statement”), and other filings with the SEC
that are available free of charge at the SEC’s web site at
www.sec.gov or by directing a request
to: one, 16 Funston Avenue, Suite A, The Presidio of San Francisco,
San Francisco, California 94129, Attention: Secretary. Information
regarding the persons who may, under the rules of the SEC, be
deemed participants in the solicitation of the one shareholders in
connection with the potential transaction will be set forth in the
Registration Statement filed with the SEC. These documents can be
obtained free of charge from the sources indicated above.
Non-Solicitation
This press release is not a proxy statement or solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the potential transaction and shall not constitute an
offer to sell or a solicitation of an offer to buy the securities
of one, the combined company or Markforged, nor shall there be any
sale of any such securities in any state or jurisdiction in which
such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or jurisdiction. No offer of securities shall be made except
by means of a prospectus meeting the requirements of the Securities
Act of 1933, as amended.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are
based on beliefs and assumptions and on information currently
available. In some cases, you can identify forward-looking
statements by the following words: “may,” “will,” “could,” “would,”
“should,” “expect,” “intend,” “plan,” “anticipate,” “believe,”
“estimate,” “predict,” “project,” “potential,” “continue,”
“ongoing” or the negative of these terms or other comparable
terminology, although not all forward-looking statements contain
these words. These statements involve risks, uncertainties and
other factors that may cause actual results, levels of activity,
performance or achievements to be materially different from the
information expressed or implied by these forward-looking
statements. Although Markforged believes that it has a reasonable
basis for each forward-looking statement contained in this press
release, Markforged cautions you that these statements are based on
a combination of facts and factors currently known by it and its
projections of the future, about which it cannot be certain.
Forward-looking statements in this press release include, but are
not limited to, statements regarding the proposed business
combination, including the timing and structure of the transaction,
the functionality and applications of Markforged’s products, the
expected benefit to customers of upgrades to Markforged’s printers,
expected shipping dates for products, the impact of Markforged’s
products on its financial conditions and results of operation, and
the integration of Markforged’s products into the additive
manufacturing market. Markforged cannot assure you that the
forward-looking statements in this press release will prove to be
accurate. These forward looking statements are subject to a number
of risks and uncertainties, including, among others, general
economic, political and business conditions; the inability of the
parties to consummate the business combination or the occurrence of
any event, change or other circumstances that could give rise to
the termination of the business combination agreement; the effect
of COVID-19 on Markforged’s business and financial results; the
outcome of any legal proceedings that may be instituted against the
parties following the announcement of the business combination; the
risk that the approval of the shareholders of one for the potential
transaction is not obtained; failure to realize the anticipated
benefits of the business combination, including as a result of a
delay in consummating the potential transaction; the risk that the
business combination disrupts current plans and operations as a
result of the announcement and consummation of the business
combination; the ability of the combined company to grow and manage
growth profitably and retain its key employees; the amount of
redemption requests made by one’s shareholders; the inability to
obtain or maintain the listing of the combined company's securities
following the business combination; costs related to the business
combination; and those factors discussed under the header “Risk
Factors” in the Registration Statement and those included under the
header “Risk Factors” in one’s Annual Report on Form 10-K and other
filings with the SEC. Furthermore, if the forward-looking
statements prove to be inaccurate, the inaccuracy may be material.
In light of the significant uncertainties in these forward-looking
statements, you should not regard these statements as a
representation or warranty by us or any other person that
Markforged will achieve its objectives and plans in any specified
time frame, or at all. The forward-looking statements in this press
release represent Markforged’s views as of the date of this press
release. Markforged anticipates that subsequent events and
developments will cause its views to change. However, while
Markforged may elect to update these forward-looking statements at
some point in the future, Markforged has no current intention of
doing so except to the extent required by applicable law. You
should, therefore, not rely on these forward-looking statements as
representing Markforged’s views as of any date subsequent to the
date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210622005391/en/
Investors investors@markforged.com
Media Paulina Bucko Head of Communications
paulina.bucko@markforged.com
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