Markforged, the creator of the Digital Forge, the integrated
metal and carbon fiber industrial 3D printing platform, today
announced that it has signed a global agreement with Würth Additive
Group, a Würth Industry North America company. The expanded
agreement will incorporate the Digital Forge into Würth Additive
Group’s additive manufacturing solutions on a global scale.
This agreement brings the Digital Forge’s combined precise and
reliable 3D printing hardware and cloud-based learning software,
along with its wide portfolio of 3D printing materials such as
metals, composites and continuous fiber, to Würth Additive Group.
These solutions are utilized by blue chip companies around the
world in industries like aerospace, industrial automation, space
exploration, military & defense, automotive and healthcare to
deliver mission-critical end-use parts on demand and at the point
of need.
“We are excited to expand our partnership with Markforged
globally. As the global market leader in the sale of assembly and
fastening materials, active in over 80 countries, we joined forces
with Markforged to reinvent manufacturing with the Digital Forge
and look forward to bringing this technology to customers looking
to enable, implement and support digital supply chain solutions
around the world,” said Dan Hill, Chief Executive Officer, Würth
Industry North America. “Our strategic supplier portfolio is a key
part of our additive solutions strategy, and Markforged has added
proven value in North America and we are excited to take that
global.”
This arrangement expands on a previous agreement between Würth
Industry North America and Markforged which was signed in March
2020. The geographical reach of the expanded agreement grows
outside of North America and is expected to accelerate Würth’s
penetration into its install base with the Digital Forge. Ongoing
collaboration between Würth Additive Group and Markforged has
created innovative solutions in digital industrial solutions,
including digital Kanban solutions. Virtual managed inventory is
now possible thanks to Markforged’s cloud native platform which
enables automatic connection to Würth Additive Group’s inventory
systems to produce inventory right on the factory floor by simply
scanning a barcode which triggers the Digital Forge to start
printing. To further ensure high-quality parts, Markforged’s
Blacksmith, an Artificial Intelligence software, automates
inspection capabilities by building in a closed-loop quality
control to validate and verify parts.
“We are excited to see Würth Additive Group’s deep experience
and extensive global coverage and the Digital Forge’s capabilities
come together to overcome global supply chain limitations with
customers across the world,” said Shai Terem, President and Chief
Executive Officer at Markforged. “Our technology enables some of
the world’s biggest manufacturers to create digital supply chains
that transcend the limitations of conventional manufacturing by
fabricating robust production parts right on their own factory
floors. Together with Würth we are aiming to reinvent manufacturing
on a global scale.”
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 Würth Industry North America
Würth Industry North America (WINA) is a $1 Billion division of
the Würth Group, the world’s largest fastener distribution company.
WINA is a strategically aligned collective of companies: Würth
Action Bolt, Würth Adams, Würth Additive Group, Würth Des Moines
Bolt, Würth House of Threads, Würth Industry Canada, Würth Industry
de Mexico, Würth Revcar, Würth Service Supply, Würth Snider, Würth
SW Industry (Würth Brazil), Würth Timberline, Marine Fasteners,
Northern Safety & Industrial/ORR Safety, Oliver H. Van Horn,
and Weinstock Bros., consisting of more than 110 locations across
North America. Through the pairing of more than 420,000 parts with
a myriad of services, WINA provides custom solutions for almost
every industry. Würth products and services include engineering
assistance, quality control, inventory management, vending, safety
supplies, kitting and assembly, structural fasteners and
MRO/industrial supplies. In addition, WINA systems ensure security
and quality control through superior supply chain management.
For more information on Würth Industry North America, go to
wurthindustry.com.
About Würth Additive Group
Wurth Additive Group, led by CEO AJ Strandquist, launched in
April 2021 to provide expanded industrial 3d printing products and
services, including financing and rental options. Würth Industry
North America began providing additive solutions to customers in
late 2017 with rapid prototyping and printing production tools. It
now offers full digital Kanban solutions by integrating 3D printing
technology in its existing vendor-managed inventory programs. The
group aims to streamline customers’ supply chain and increase
adaptability through additive manufacturing and digital
inventory.
For more information on Würth Additive Group, go to shop.wurthindustry.com.
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 purusant 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 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 in North
America and globally, the expected benefits to Markforged’s sales
and business from its partnership with Würth, 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 ability of
partners, such as Würth, to increase sales of Markforged’s
products; 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/20210709005354/en/
Investors investors@markforged.com
Media Paulina Bucko Head of Communications
paulina.bucko@markforged.com
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