DELAND, Fla., April 16, 2014 /PRNewswire/ -- ARC Group Worldwide, Inc. (NASDAQ: ARCW), a leading global provider of advanced manufacturing and 3D printing solutions, announced today its division, 3D Material Technologies, LLC ("3DMT"), launched an online quoting system for 3D printing on its website: www.3DMaterialTechnologies.com. The online quoting system will provide customers with the ability to utilize 3DMT's wide array of 3D capabilities, including Fused Deposition Modeling ("FDM"), MultiJet Printing ("MJP"), Stereolithography ("SLA"), and Metal Laser Sintering ("MLS").
The new online quoting system accepts STL's and popular CAD formats for upload, and allows the user to select the process and material of their choice. The integration of online quoting with 3D printing provides customers with a fast and efficient turnaround time for both production and prototype parts. By utilizing online quoting, plastic components ship within days of submission, while metal parts ship within a week. The 3DMT website provides details explaining each process and material type, enabling users to select the option that best meets their application and objective.
An additional unique feature of the online quoting process is the ability to select the build quality. Standard Build Quality ("SBQ") balances the need for accuracy and surface finish with the speed of the build. Projects requiring higher tolerances and/or improved surface finish can utilize the High Build Quality ("HBQ") option. Finally, Engineered Build Quality ("EBQ") maximizes the process, material, build method, and design by utilizing the Company's proprietary expertise and multi-decade advanced manufacturing experience.
"We developed the online quoting system in support of our customer's need to accelerate innovation through the reduction in 'time to market'. Equally important, however, is our continued focus on delivering quality parts. Our system, in connection with our engineering expertise, facilitates optimization through the reduction of overall assembly part counts, manufacturing simplification, and increased efficiency based on 3D Printing design flexibility. Further, the online quoting system provides a wide range of applications and materials to potential new customers," says Ashley Nichols, General Manager of 3DMT.
The online quoting system can be accessed via www.3DMaterialTechnologies.com. For customers without access to 3D models, 3DMT engineers can consult via online screen sharing or other traditional methods to understand the project and provide engineering solutions.
Jason T. Young, Chairman and CEO of ARC Group Worldwide, Inc., stated, "Online instant quoting is a major strategic initiative for ARC. We believe the future of manufacturing will be done through the internet in a much more seamless way than exists today. Quoting is the first bottleneck in 'time to market' and by reducing quote time, we can help our customers shorten the development life cycle and time to production. Late last year, we began developing our own proprietary software to handle online instant quoting in a fully automated way. While it will take time to roll out across our various business units, we have made the implementation into 3DMT our initial objective. We are pleased to announce our initial version of online quoting at 3DMT, which will be followed this summer by a fully automated, instant solution."
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, 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.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 December 29, 2013, as well as current reports on Form 8-K filed from time-to-time with the SEC.
CONTACT: Drew Kelley
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SOURCE ARC Group Worldwide, Inc.