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3D Systems Receives $10.8 Million Contract Award from U.S. Air Force for Advanced Metal Printing System

26 September 2023
  • Two-year contract award for Large-format Metal 3D Printer Advanced Technology Demonstrator
  • Supports development of large-scale industrial AM print capabilities for Hypersonic Applications
  • Two-year contract will demonstrate key technologies needed for 3D printing large, high-temperature metal structures associated with hypersonic operating environments

ROCK HILL, S.C., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE:DDD), a leading U.S.-based additive manufacturing solutions partner, announced it has been awarded a $10.8 million U.S. Air Force contract for a Large-format Metal 3D Printer Advanced Technology Demonstrator. The contract supports the development of large-scale hypersonic-relevant additive manufacturing print capabilities. Work will be performed in Rock Hill, South Carolina, and in San Diego, California with an expected completion date of September 29, 2025.

This contract builds upon 3D Systems’ history of working in support of the U.S. Department of Defense/Government since 2019 for the advancement of additive manufacturing.

“We’re pleased to have been awarded this contract and are confident that it will extend the state of the art in metal additive manufacturing within the United States,” said Dr. Jeffrey Graves, president & CEO, 3D Systems. “We look forward to working with the United States Air Force to meet the objectives of this project.”

Forward-Looking Statements

Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.

About 3D Systems

More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction - empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials, and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in healthcare and industrial markets such as medical and dental, aerospace & defense, automotive, and durable goods. More information on the company is available at www.3dsystems.com.

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