ARC Group Worldwide Hires Former Morris Technologies Executive
DELAND, Fla., July 10, 2014 /PRNewswire/ -- ARC Group Worldwide, Inc. (NASDAQ: ARCW), a leading global provider of advanced manufacturing and 3D printing solutions, today announced the hiring of Tim Warden, as Vice President of Sales and Business Development for 3DMT, a newly created role. Mr. Warden is a metal 3D printing industry veteran, having formerly held the position of Vice President, Sales and Marketing at Morris Technologies. GE Aviation acquired Morris Technologies last year due to their leadership in the metal 3D printing sector. Mr. Warden has an extensive career in metal 3D printing, including leadership positions at Visser Precision Cast, Castle Metals and as a consultant to GE Aviation. In this newly created role, Mr. Warden will focus on distributing ARC products, with an emphasis on helping ARC's customers understand the benefits of metal 3D printing.
Jason Young, Chairman and CEO of ARC commented, "We are excited to have Mr. Warden join our team. Given our focus on metal 3D printing, we believe 3DMT is uniquely positioned to benefit from the significant industry growth underway. Mr. Warden is one of the few people in the world that has a demonstrated track record of success selling metal 3D printed parts and understanding the complexity of the technology. Mr. Warden was instrumental in building the Morris business into a world leader in metal 3D printing, and we believe he will be a key player in helping us continue the growth of 3DMT. We are honored that Mr. Warden chose ARC as the platform for this next phase of his career."
Mr. Warden commented, "I was attracted to ARC and 3DMT due to their vision lining up with how I view the future of 3D printing. I have been tracking ARC's progress for some time now, and have high conviction in their business model and advanced manufacturing platform. Specifically, ARC's leadership in powder metal technology and materials science, dovetails exceptionally well with metal 3D printing. Further, their existing customer base, current metal part applications, and focus on full production solutions are very strategic to the opportunities I see in metal 3D printing. I also believe the future of manufacturing will be a world in which additive and subtractive technology work in a seamless fashion, as ARC is uniquely suited to provide."
About ARC Group Worldwide, Inc.
ARC Group Worldwide is a leading global advanced manufacturing and 3D printing service provider. Founded in 1987, the Company offers its customers a compelling portfolio of advanced manufacturing technologies and cutting-edge capabilities to improve the efficiency of traditional manufacturing processes and accelerate their time to market. In addition to being a world leader in metal injection molding ("MIM"), ARC has significant expertise in 3D printing and imaging, advanced tooling, automation, machining, plastic injection molding, lean manufacturing, and robotics. For more information about ARC Group Worldwide, please visit www.ArcGroupWorldwide.com, or its operating subsidiaries at www.3DMaterialTechnologies.com, www.AFTmim.com, www.AFTmimHU.com, www.ARCmim.com, www.ArcWireless.net, www.ATCmold.com, www.FloMet.com, www.GeneralFlange.com, www.Injectamax.com, www.kecycorporation.com, www.TeknaSeal.com, and www.ThixoWorks.com.
This press release may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995, which are based on ARC's current expectations, estimates and projections about future events. These include, but are not limited to, statements, if any, regarding business plans, pro-forma statements and financial projections, ARC's ability to expand its services and realize growth. These statements are not historical facts or guarantees of future performance, events or results. Such statements involve potential risks and uncertainties, and the general effects of financial, economic, and regulatory conditions affecting our industries. Accordingly, actual results may differ materially. ARC does not have any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For additional factors that may affect future results, please see filings made by ARC with the Securities and Exchange Commission ("SEC"), including its Form 10-K for the fiscal year ended June 30, 2013 and Form 10-Q for the period ended March 30, 2014, as well as current reports on Form 8-K filed from time-to-time with the SEC.
CONTACT: Drew M. Kelley
PHONE: (303) 467-5236
SOURCE ARC Group Worldwide, Inc.