ESSENTIUM EXTENDS LEADERSHIP AS ADDITIVE MANUFACTURING MARKET GIVES THE NOD TO OPEN ECOSYSTEMS

- ramps HSE 3D Printer production - expands global operations - accelerates materials innovation

AUSTIN, Texas, October 15, 2019 - Essentium Inc., a leading innovator in industrial additive manufacturing, today announced a series of business expansion initiatives in response to growing market demand for the company's platform of industrial-scale additive manufacturing solutions. Together with partners including BASF 3D Printing Solutions and Materialise NV, Essentium is bringing an open ecosystem to the industrial extrusion additive market. This gives customers greater control of their innovation, more choice in materials, and industrial-scale production at ground-breaking economics.


The strength of market response and growing pipeline for the Essentium High Speed Extrusion (HSETM) 3D Printing Platform has led Essentium to ramp its printer production in order to meet demand, and to expand its international operations with the appointment of Benoit Valin, General Manager, Asia Pacific, and Cyprien Decouty, Channel Sales Manager, Europe, Middle East, and Africa (EMEA). Prior to joining Essentium, Valin led multiple 3D printing consultancies and was Director of Business Development across Asia for Ultimaker. Decouty was previously Director of Channel Sales for 3D printing manufacturers AON3D and Formlabs in EMEA.

Moving from proof of concept to full production of the Essentium HSE 3D Printer, together with increased material shipments, is fueling month-on-month revenue growth for the company.
As well as international expansion, the company is doubling down on material innovation. Essentium has introduced seven new materials so far this year including TPU 80A-Z and TPU 90A-FR to service the EMS and aerospace markets. Market demand for Essentium's HSE 3D Printer and steady increase in materials consumption are clear indications that the open ecosystem approach is addressing unmet needs in the industrial additive market which, until now, has been dominated by closed systems where customers are locked into vendors' hardware and processes.

Supporting Quotes
Blake Teipel, CEO and Co-founder, Essentium Inc.: "When you remove the roadblocks to innovation, you enable customer success. There are no better proof points than an expanding pipeline and growing customer demand to illustrate how much the manufacturing market is responding to open ecosystems and the freedom to innovate on their own terms."

Lars Uffhausen, CFO, COO and Co-founder, Essentium Inc.: "While we bring immediate ‘out of the box' value to manufacturers in terms of cost advantage with an impressive ROI and accelerated time to market, it is key that we stay as close to the customer as possible to provide ongoing support and training. As such, customer advocacy and strong execution as we ramp production will be key success factors to our continued expansion in Asia Pacific and EMEA. With Benoit Valin and Cyprien Decouty, we now have the strength of expertise and experience in Asia Pacific and EMEA to enable our growth."

Benoit Valin, General Manager, Essentium Asia Pacific: "There is enormous potential for additive manufacturing to drive sustainable development and improve Asia Pacific's competitiveness in the global value chain. I'm excited about the opportunity to work with customers and help them address the barriers to adoption of large-scale additive across Asia Pacific's vital manufacturing sectors."

Cyprien Decouty, Channel Sales Manager, Essentium EMEA: "Additive manufacturing represents a strategic opportunity to help upgrade EMEA's industrial base and fuel the growth of the manufacturing sector. I'm thrilled to be working with Essentium to help customers realize new opportunities and transform their manufacturing floors."

About Essentium
Essentium Inc. provides industrial 3D printing solutions that are disrupting traditional manufacturing processes by bringing product strength and production speed together, at scale, with a no-compromise engineering material set. Essentium manufactures and delivers innovative industrial 3D printers and materials enabling the world's top manufacturers to bridge the gap between 3D printing and machining and embrace the future of additive manufacturing.

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