Arcam

Arcam (6)

Wednesday, 30 September 2015 09:13

Arcam Announces Order For Two EBM Systems From CalRAM

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Arcam has received an order for two EBM systems from CalRAM in the US. The systems will be used for production of aerospace components.

CalRAM, a Midstate Berkshire Company, is a customer to Arcam since 2005 and presently operates 5 EBM systems. Midstate Berkshire is a recognized leader in precision machining, fabrication and assembly for the aerospace, defence and oil and gas industries.

"With demand for additive manufacturing production increasing rapidly, we continue to invest in EBM technology to secure capacity and give CalRAM an edge in the aerospace industry,” says Duane Pekar, CEO of Midstate Berkshire. “Arcam is the leading supplier of titanium additive manufacturing systems and we turned to them with confidence, having used their EBM products for years.”

"Arcam’s strategy is to offer Additive Manufacturing solutions specifically targeting production volumes in the aerospace and orthopaedic industries. This deal confirms the potential for our EBM technology within the aerospace industry. We look forward to continue working closely with CalRAM to further grow their activities in this innovative, demanding industry,” says Magnus René, CEO of Arcam.

For more information, visit: www.calraminc.com

Arcam AB announced that a new hip system from Beijing AK Medical is now formally approved by the Chinese State Food and Drug Administration. This is China's first CFDA marketing approval for an additively manufactured orthopedic implant.

Beijing AK Medical, a Chinese orthopedics implant industry leader, and Professor Zhongjun Liu and Professor Ke Zhang of Peking University Third Hospital have been working closely together on this project. After six years of product design, biological tests, biomechanics and clinical validations, and regulatory approval processes, the 3D ACT hip system has finally received marketing authorization.

“We are very happy that our customer Beijing AK Medical received this first ever CFDA approval for an Additively Manufactured implant in China. This confirms how our EBM technology is leading the way in additive manufacturing of implants”,
says Magnus René, CEO of Arcam.

“With this CFDA approval in place we look forward to a continued strong growth in the Chinese market”, says Jane Chen, General Manager of Arcam (Beijing) Industrial Equipment Ltd.

For more information, visit: www.arcam.com

Arcam AB announces that its metal powder subsidiary, AP&C, based in Montreal, Canada, is building its fourth and fifth reactors, adding significant capacity to its titanium and nickel super-alloy powder manufacturing operation.

AP&C, the high quality powder manufacturing subsidiary of Arcam, uses proprietary technology for Plasma Atomization. AP&C is continuously developing its technology and the latest advance, increased atomization rates and yield, allows higher manufacturing rates of powder distributions dedicated for Additive Manufacturing equipment.

“The need for high end titanium powder is driven by the fast growth and adoption of Additive Manufacturing. Arcam is determined to serve the industry through cost efficient solutions thus converting traditional manufacturing into Additive Manufacturing.
A requisite is to offer the highest quality powder for production at competitive cost”, says Magnus René, CEO of Arcam.

“With this new generation of atomizing technology, AP&C is now in a position to supply aerospace and medical part manufacturers’ titanium powders in volumes needed today and in the future. With a multiple reactor operation, AP&C can produce its standard products on dedicated reactors and equipment, therefore eliminating cross-contamination risks”, says Jacques Mallette, President of AP&C.

For more information, visit: www.advancedpowders.com

Arcam AB (STO:ARCM), listed on NASDAQ Stockholm, and leading supplier of Additive Manufacturing solutions, is expanding in the US through a new facility for sales and service in Woburn, MA, just outside Boston. Arcam Cad to Metal Inc. is headed by recently appointed President Saeed Pirooz.

Arcam has been present in the US since 2003 and Arcam Cad to Metal Inc. was founded already in 2005. The new office in Woburn, MA will cover the needs of Arcam’s rapidly growing EBM business in North America. The EBM technology, due to its high productivity, sees increased adoption by clients moving to large scale manufacturing. Significant clients in the aerospace industry include Pratt & Whitney, General Electric, CalRam and in the medical industry Medical Modeling.

As the worlds’ largest market for the Aerospace and Implant industries the US market is very important for Arcam. The new 5500 sqf facility in Woburn will provide sales, support, spare parts and consumables and house an application and training center to serve clients in North America.

”We are enthusiastic about this important step in strengthening our presence in the US and we welcome Saeed as part of our global EBM team. Saeed has a solid background in leading positions in technology industry”, says Magnus René, CEO of Arcam.

“With the infrastructure and a talented team, we are well positioned to support our customers locally and I look forward to continued growth of our business in North America”, says Saeed Pirooz, President of Arcam Cad to Metal Inc.

Arcam Group provides Additive Manufacturing solutions for production of metal components. Arcam’s Electron Beam Melting (EBM®) technology offers design freedom combined with excellent material properties and high productivity. Arcam is, through its solution orientation and comprehensive product offering, an innovative partner for advanced manufacturing, primarily for the aerospace and medical industries. Arcam offers EBM systems through Arcam AB in Sweden, powder metals through AP&C in Canada and implant contract manufacturing through DiSanto in the U.S. The company is listed on Nasdaq Stockholm and the Head Office is located in Mölndal, Sweden.

For more information, visit: www.arcam.com

Arcam launched a process for Inconel 718® as a qualified material for use in Arcam’s EBM systems. The Inconel process is initially available for the Arcam A2X platform. The machine material parameters and mechanical testing was done in collaboration with the U.S. Department of Energy’s Manufacturing Demonstration Facility at Oak Ridge National Laboratory. Parts made in the new process are exhibited at the Rapid conference in Detroit, MI, June 10-12.

“With the introduction of the Inconel 718 our customers in the aerospace industry can now further expand the range of components that they produce in their EBM machines”, says Magnus René, CEO of Arcam.

The material properties comply with chemical requirements of UNS N07718 and properties of ASTM F3055-14 specification.

INCONEL® is a registered trademark of Special Metals Corporation.

Arcam provides a cost-efficient Additive Manufacturing solution for production of metal components. The technology offers freedom in design combined with excellent material properties and high productivity. Arcam’s market is global with customers mainly in the orthopedic and aerospace industries. The company was founded in 1997 and is listed on NASDAQ OMX Stockholm, Sweden. Head office and production facilities are located in Mölndal, Sweden. Support offices are located in the US, UK, Italy and China.

For more information, visit: www.arcam.com

Monday, 16 December 2013 11:37

Arcam Acquires Metal Powder Manufacturer

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Arcam has signed an agreement to acquire the AP&C division from Raymor Industries for a total of 35 million Canadian dollars (“CAD”) in a combination of upfront cash payment and installments.

AP&C is a global manufacturer of high quality metal powders and has been a supplier of titanium powders to Arcam since 2006. Titanium powder is an important part of Arcam’s offering to its customers. With this acquisition, Arcam has secured access to high quality titanium powder for its customers’ quickly growing business.

AP&C uses proprietary Plasma Atomization technology to produce metal powders where titanium alloy powder today is the largest product. A significant part of AP&C sales is to the 3D-Printing industry. Other markets include Metal Injection Molding (MIM), powders for spray coatings as well as powders for HIPed components. Arcam and the team at AP&C intend to continue expand the powder business and advance the Plasma Atomization technology.

The AP&C division is expected to generate CAD 6.5 M of revenue during 2013 with an EBITDA result of about CAD 1.5 M. The acquired business, with currently 29 employees, will become a subsidiary of Arcam and continue operating with the existing management team.

The total purchase price amounts to CAD 35 million where a cash payment amounting to CAD 20 million will be paid on closing and the remaining part as two installments to be made in 2015 and 2016 subject to certain targets being met. The acquisition is expected to have a positive effect on Arcam’s earnings per share in 2014.

Closing of the acquisition is subject to customary closing conditions and is expected to take place in the first quarter 2014.

Financing is secured through existing cash and a bank credit facility. Arcam also has the possibility to issue up to 400,000 new shares through the authorization given to the Board of Directors by the extraordinary general meeting held on December 6, 2013.

“With this acquisition Arcam secures access to the optimum production of high grade metal powders for our customers and we also add technology and expertise in powder metal production for 3D-printing in general and other advanced applications,” says Magnus René, President and CEO of Arcam. “This acquisition is consistent with our growth strategy, complements our technology and product portfolio, and is immediately accretive. We are very pleased to welcome the skilled team at AP&C to the Arcam group“

“With this deal we will be a part of the leading company in 3D-printing in metals. Because of our long term close cooperation with Arcam we know that this deal will give us a very good platform for continued growth in the 3D-printing industry. Being part of a larger group will also help in accelerating growth to better service the overall metal powder market”, says Jacques Mallette, President of Raymor Industries and future President of Arcam’s powder business.

The above information has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published on December 13, 2013.

For more information, visit: www.arcam.com

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