Prodways announces the signature of a new partnership in Japan with Altech Group and the first sale of 3D printers via a partner in Korea

At the opening of the international expo on 3D technologies and DMS additive manufacturing, to be held from June 22 to 24 in Tokyo, Prodways announced the signature of a new partnership with the company Altech Group in Japan, as well as the first sale of 3D printers via a partner in Korea.

Altech Group: an expert in additive manufacturing in Japan

Altech Co., Ltd (TSE: 9972) is a company specialized in the import and sale of printing and packaging machines. Since its creation in 1976, Altech has expanded its product range to offer all manner of equipment, including chip cards, security and nanotechnology features, plastic/metal casting, 3D printing, equipment to fill medical products, for food processes and water treatment, as well as recycling and waste management equipment. Based in Tokyo, Altech Group enjoys sales coverage spanning China, Thailand, Indonesia and Vietnam.

On the high-value market of Japan, Altech will offer Prodways' powder sintering solutions providing high productivity, effective thermal stability, and a broad portfolio of innovative materials. In addition, Prodways' 3D powder sintering printers boast an open materials strategy conducive to the creation of innovative applications.

In order to launch this collaboration, Altech will highlight the Prodways technology during the DMS Show (Design & Engineering Manufacturing Solutions Expo) – to be held in Tokyo from June 22 to 24 – the largest 3D technologies and additive manufacturing expo in Japan.

Hidehiko Suyama, Chief Executive Officer of Altech, said the following: "We are proud to enter into a partnership with Prodways. During the recent partners conference and upon visiting their premises, we could see the strength and innovation of their MOVINGLight® and powder sintering technologies. Our company has been targeting additive manufacturing in Japan since 2007: this market has experienced massive growth in just a few years, and the product range has expanded through this growth. We are convinced that Prodways has all the necessary resources to meet the professional and industrial demand via products and a sales strategy in perfect keeping with our current equipment offer. We believe in our partnership with Prodways in the long term."

First sale of printers via a partner in Asia

Prodways also announces the signature of a call for tender in Korea, involving the sale of two 3D printers via a partner in Asia.

SNC, Prodways' partner in Korea, recently announced the sale of two 3D MOVINGLight® printers (one ProMaker L7000 and one ProMaker L5000) to one of the most trusted public research and R&D institutes in Korea.

This institute has been developing applications for additive manufacturing since the 90s and has the latest 3D printing technology.

The ProMaker L7000 will be dedicated to industrial applications (such as the creation of casting models), whereas the L5000 will target medical applications (such as the printing of surgical guides).

This is our first sale of a machine via a partner in Korea. SNC is the official partner in this region for the MOVINGLight® range offering high productivity combined with an unequaled resolution for the printing of very high-quality parts.

These announcements strengthen the positioning of Prodways in Asia and confirm its rise to becoming the third-largest world player offering multi-technological services and all 3D printing solutions to its customers.

Disclaimer

This press release could contain statements on past events and forward-looking statements including statements regarding future goals or targets. Forward-looking statements reflect current expectations for results and future events.

Such forward-looking statements and targets depend on known and unknown risks, uncertainties and other factors that may cause actual results, performance or events to differ materially from those anticipated herein. All these risks and uncertainties could affect the Group's future ability to achieve its targets. Risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements and targets include, among other things: the risks and uncertainties possibly mentioned in this press release; the strength of competition; the growth of the market; currency fluctuations; interest rate fluctuations; raw materials and freight price fluctuations; armed conflicts or political instability; control of costs and expenses; changes in tax legislation, rules,
regulation or enforcement; our ability to successfully keep pace with technology changes; our ability to attract and retain qualified personnel and key-men; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financial statements; supply chain bottlenecks; the performance of our business partners (subcontractors, agents, suppliers, etc.).

Some of these risk factors are set forth and detailed in our Document de Référence (Registration Document including the annual financial report filed with the French Autorité des Marchés Financiers). This list of risks, uncertainties and other factors is not limitative. Other non-anticipated, unknown or unforeseeable factors could also have material adverse effect on our targets. The Group expressly disclaims any obligation or undertaking to update or revise any forward-looking statements or targets potentially contained in this press release to reflect any change in events, conditions, assumptions or circumstances on which any such statements are based.

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About Groupe Gorgé

Established in 1990, Group Gorgé is an industrial group operating in different areas of expertise:

Smart Safety Systems – Using technology to work in risk environments;

Protection in Nuclear Environments – Protecting people and securing buildings operating with radioactive materials;

Industrial Projects & Services - Conducting Robotics and Fire protection systems projects for industry and service-sector player;

3D Printing – Enabling major industry players to find new routes to successful innovation and production processes by providing systems, 3D printers and new premium material.

In 2015, the Group reported revenue of €264.8 million. It is backed by 1,600 employees and operations in over ten countries.

More information available on www.groupe-gorge.com

Groupe Gorgé is listed on Euronext Paris and on the US OTC market in the form of ADR.

Contacts

Groupe Gorgé - Raphaël GORGÉ – CEO & Chairman - Tél. : +33 1 44 77 94 77 - E-mail : [email protected]

Actus Finance – Natacha MORANDI – Analysts/Investors Relations - Tél. : +33 1 53 67 36 72 - E-mail : [email protected]

Actus Finance – Jean-Michel MARMILLON – Press Relations - Tél. : +33 1 53 67 36 73 - E-mail : [email protected]

Image 7 – Lauranne Guirlinger – Press relations – Tél. : +33 1 53 70 74 18 – E-mail : [email protected]

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