Increases Driven by Production Applications in Metal and Electronics Additive Manufacturing
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Optomec, Inc., a privately held supplier of proprietary Additive Manufacturing equipment and software, today announced significant growth year over year. Second quarter sales revenue grew 43% versus Q2 2018, and first half sales increased by 40% over the same period in 2018. The company is seeing high growth rates across both its 3D metal printing and 3D printed electronics businesses.
Optomec’s continued growth is being fueled by increased demand in production applications, where the company’s industrialized solutions deliver cost and functional advantages to users across a wide range of industries.
For example, the Optomec LENS/DED 3D metal printing systems and proprietary automation software continue to be the leading solution for repair of gas turbine components in both the aviation and energy sectors. Including the recent acquisition of Huffman, Optomec now counts almost 100 such installations among leading OEMs and tier 1 suppliers, across nearly 20 countries. The company anticipates growth in these markets to accelerate due to a proven value proposition with a high return on investment (ROI) for customers.
Additionally, Optomec’s patented Aerosol Jet solution for 3D printed electronics is enjoying rapid growth as the company focuses on enabling applications in advanced packaging and assembly, and printed sensors and antenna. In particular, Optomec is working with leaders in consumer electronics, medical device and mil-aero markets to employ its technology for a range of space and cost-saving applications. In one application example, Aerosol Jet is being used to produce printed 3D interconnects for semiconductor packaging, with advantages that include size reduction, improved performance and increased yield.
Dave Ramahi, Optomec CEO, commented that: “We feel very fortunate that we’ve been able to flourish, as early adopters are realizing the benefits of both our 3D metal printing and 3D printed electronics solutions. We anticipate these trends will accelerate as we begin to promote our production proven solutions to a broader range of customers looking to gain a competitive advantage that simultaneously helps improve their products and reduces manufacturing costs.”
About Optomec: Optomec is a privately held, technology-rich supplier of industrialized additive manufacturing solutions that include equipment, software and digital products. Optomec’s patented Aerosol Jet systems for printed electronics and LENS 3D printers for metal components are used by industry to reduce production costs and improve product performance. With more than 500 installations, the company has a global customer base of industry-leading manufacturers in electronics, life sciences, energy, aerospace and defense. For more information about Optomec, please visit: www.optomec.com
LENS is a registered trademark of Sandia National Labs; Aerosol Jet is a registered trademark of Optomec.