NORTH HUNTINGDON, PA, March 31, 2015 – The ExOne Company (NASDAQ: XONE) (“ExOne” or “the Company”), a global provider of three-dimensional (“3D”) printing machines and printed products to industrial customers, announced that John A. Baliotti has joined the Company effective March 30, 2015 as Director of Marketing and Business Development.
Hans Sack, President of The ExOne Company, commented, “Benefiting from his background in aerospace engineering, John brings a deep understanding of manufacturing processes, part design and applications. As an equity analyst, he acquired a thorough knowledge of the additive manufacturing industry and formed solid relationships with its suppliers, customers and providers. John’s enthusiasm for additive manufacturing, his prominence in the industry and his analytical skills will strongly facilitate business opportunities for the Company. John will be instrumental in our initiative to accelerate the adoption rate of our binder jetting technology. We are excited to welcome him to our talented team.”
Mr. Baliotti most recently served as a senior equity analyst with Janney Montgomery Scott, with emphasis on manufacturing technology and distribution, including coverage of the additive manufacturing sector. Mr. Baliotti started his career as a design and analytical engineer with the Rotor Systems Division of Sikorsky Aircraft, a United Technologies Company. He received a B.S. in Mechanical Engineering from Lehigh University and an M.B.A. in Finance and Marketing from the University of Connecticut.
For more information regarding ExOne, visit the Company’s website at www.exone.com.
ExOne is a global provider of 3D printing machines and 3D printed and other products, materials and services to industrial customers. ExOne’s business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its installed base of 3D printing machines. ExOne offers pre‐production collaboration and prints products for customers through its eight production service centers (“PSCs”), which are located in the United States, Germany, Italy and Japan. ExOne builds 3D printing machines at its facilities in the United States and Germany. ExOne also supplies the associated materials, including consumables and replacement parts, and other services, including training and technical support, necessary for purchasers of its machines to print products.
Safe Harbor Regarding Forward Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “typically,” “anticipates,” “believes,” “appears,” “could,” “plan,” and other similar words. Such statements include, but are not limited to, statements concerning future revenue and earnings, involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, which include timing and length of sales of machines; risks related to global operations including effects of foreign currency and risks related to the situation in the Ukraine; our ability to qualify more industrial materials in which we can print; the availability of skilled personnel; the impact of increased operating expenses and expenses relating to proposed acquisitions, investments and alliances; our strategy, including the expansion and growth of our operations; the impact of loss of key management; our plans regarding increased international operations in additional international locations; sufficiency of funds for required capital expenditures, working capital, and debt service; the adequacy of sources of liquidity; expectations regarding demand for our industrial products, operating revenues, operating and maintenance expenses, insurance expenses and deductibles, interest expenses, debt levels, and other matters with regard to outlook; demand for aerospace, automotive, heavy equipment, energy/oil/gas and other industrial products; the scope, nature or impact of acquisitions, alliances and strategic investments and our ability to integrate acquisitions and strategic investments; liabilities under laws and regulations protecting the environment; the impact of governmental laws and regulations; operating hazards, war, terrorism and cancellation or unavailability of insurance coverage; the effect of litigation and contingencies; the impact of disruption of our manufacturing facilities or PSCs; the adequacy of our protection of our intellectual property; and material weaknesses in our internal control over financial reportingand other factors disclosed in the Company’s Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission. Because they are forward-looking, these statements should be evaluated in light of important risk factors and uncertainties.
Should one or more of these risks or uncertainties materialize, or should any of ExOne’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. The Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
For more information, contact:
ExOne Chief Financial Officer