Business veteran brings experience disrupting
legacy industries with cloud technology to help Markforged grow
Markforged, (“Markforged” or “the Company”), creator of the
integrated metal and carbon fiber additive manufacturing platform,
The Digital Forge, today announced that Alan Masarek will join its
Board of Directors (the “Board”) as Chairman, and begin serving
immediately following the closure of Markforged’s business
combination with one (NYSE: AONE), expected to occur in
mid-July.
Alan Masarek has more than 25 years of experience in
communications, information technology, and business services
companies. Masarek most recently served as the Chief Executive
Officer and a member of the Board of Directors of Vonage (Nasdaq:
VG), where he led Vonage’s transformation from its legacy focus
providing VoIP-based home phone service into a global business
cloud communications company. During his tenure, Vonage completed
eight acquisitions, and market capitalization nearly quadrupled to
more than $2.5 billion. Before Vonage, Masarek was Director, Chrome
& Apps at Google, Inc., following Google’s acquisition of his
prior company, Quickoffice, Inc., where he served as co-founder and
CEO.
“Alan has spent his career disrupting legacy thinking — exactly
what Markforged is doing for manufacturing,” said Shai Terem,
President and CEO of Markforged. “His experience building and
growing companies that transform the way things are done will be a
great asset to us as we grow our customer base and revenue and
reinvent manufacturing.”
Masarek’s deep experience in growing companies aligns with
Markforged as it looks to expand adoption of the Digital Forge in
the growing additive manufacturing market and position itself for
robust growth in the years ahead.
“Markforged is at an exciting inflection point as it prepares to
go public this summer, and as the manufacturing industry demands
more creative solutions to the dynamic challenges it faces,” said
Masarek. “I’m looking forward to using my experience to help the
company achieve its goals.”
Masarek earned his MBA with Distinction from Harvard Business
School and his BBA, Magna Cum Laude, from the University of
Georgia.
For more information about Markforged, 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 Proxy Statement and
Prospectus filed pursuant to Rule 424B(3) with the SEC on June 24,
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 are 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 anticipated contribution of the members of Markforged’s board
of directors to Markforged’s operations and progress, the
functionality and applications of Markforged’s products, the
expected growth of the additive manufacturing industry, the
expected growth of Markforged’s revenue and customer base, 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/20210707005184/en/
Investors investors@markforged.com
Media Paulina Bucko Head of Communications
paulina.bucko@markforged.com
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