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SOURCE ARC Group Worldwide, Inc.
DELAND, Fla., June 20, 2014 /PRNewswire/ -- ARC Group Worldwide, Inc. (NASDAQ: ARCW), a leading global provider of advanced manufacturing and 3D printing solutions, announced its division, 3D Material Technologies, LLC ("3DMT"), has launched online quoting and increased capacity for its proprietary rapid metal injection molding technology ("RapidMIM"). RapidMIM, which 3DMT launched in late 2013, dramatically reduces the lead time necessary to produce production–quality MIM components from the typical six- to eight-week process.
RapidMIM materially improves 'speed-to-market' for the traditional metal injection molding ("MIM") process to less than two weeks. The shortened lead-time provides designers and engineers with the ability to validate the form, fit, and function prior to final design freeze. Notably, the compressed validation time also provides for additional design optimization, thereby improving the final device performance and user experience. Further, by optimizing the design for manufacturability, customers ultimately reduce final device cost.
The RapidMIM process is designed for short run volumes, providing customers with the ability to produce parts from the single digits into the thousands, without requiring a tooling investment. "Our proprietary technology provides for the design flexibility and material choices available in MIM for low volume production projects that aren't otherwise possible due to the cost of the mold tooling" said Ashley Nichols, General Manager of 3DMT.
The RapidMIM process uses the same feedstock and materials as traditional MIM. Alloys available include low alloy steels, such as MIM-4605 and 4140, stainless steel alloys, such as 17-4PH and 316L, and super alloys, such as Inconel 718 and MAR-M-247. RapidMIM also utilizes the same processing route with debinding and sintering, therefore mechanical properties and surface finishes are comparable to traditional metal injection molding components.
"For higher production volumes, customers can also use RapidMIM to validate their design and process on an expedited time line. While launching production with RapidMIM, customers can complete MIM tooling in parallel, thereby enabling projects to move into full production in less than a month," commented Ashley Nichols. "RapidMIM is a unique, efficient process that works symbiotically with the conventional MIM process offered by 3DMT's sister company, ARCMIM. The combination of these services and our 3D printing capabilities makes ARC a "one-stop shop" to our customers by offering a spectrum of highly advanced products, processes, and services across a variety of generic and proprietary base materials."
"We have received significant traction since the introduction of our RapidMIM technology, and are excited to now launch our online quoting and increased capacity for this revolutionary process," said Jason Young, Chairman and CEO of ARC Group Worldwide. "We remain committed to bringing cutting edge technology and software solutions to the manufacturing industry. The automation of our proprietary online quoting software, which we have been developing since 2013, will help streamline and accelerate the quoting process. ARC's business model remains focused on helping our customers improve 'speed-to-market', by providing high quality, holistic manufacturing solutions. Further, we are uniquely positioned to seamlessly offer rapid prototyping, short run fabrication, and full run production capabilities to our customers."
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
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