ARC Group Worldwide Launches Online Instant Quoting at 3DMT
ARC Group Worldwide, Inc
7040 Weld County Road 20
Longmont, CO, 80504
Press release date: August 28, 2014
-- One of the few instant quoting applications in the production marketplace
-- Faster and easier than most competitor systems
-- Streamlined front-end and user functionalities
-- Great ability to compare prices across processes and in different materials
DELAND, Fla. -- ARC Group Worldwide, Inc. (NASDAQ: ARCW), a leading global provider of advanced manufacturing and 3D printing solutions, today announced the launch of the next phase of its online pricing system, introducing instant quoting for its division, 3D Material Technologies, LLC ("3DMT"). ARC's new proprietary software system combines innovative 3D file analysis with an interactive, user-friendly interface. This new technology allows users to upload files and instantly compare pricing for different processes and materials in 3D printing. ARC's system automates the entire quoting and order process, from analyzing the file to the ability to order online for quick delivery.
"Automation, speed, and innovation are critical to our customers. Our proprietary online instant quoting and ordering system for 3D printing integrates features to make the process incredibly efficient and simple, while still providing a robust application," commented Ashley Nichols, General Manager of 3DMT. "Combining features such as instant quoting with the ability to select the particular process empowers the user to balance development costs and timing with part function."
ARC's proprietary system automates the front-end interface for customers while providing added functionality for client and 3DMT engineering, purchasing, and sales teams. The secure system is a hub for CAD data and project information, allowing teams in multiple locations to work on the same project while ensuring the most up-to-date data is used.
The increased functionality of the 3DMT online system is yet another step towards ARC's plan to roll-out its proprietary system across all other business units. The custom-programed in-house system provides ARC with additional tools to assist its clients in the manufacturing process. Further functionality will soon be added, permitting additional processes with advancing automation beyond the instant quoting, part ordering, and file management. ARC's ultimate goal is to have a robust online instant ordering tool that can provide its wide array of additive and subtractive processes, giving its customers a holistic, rapid production solution.
Jason T. Young, Chairman and CEO of ARC Group Worldwide, Inc., stated, "We have been developing our online instant quoting software since 2013, and are very excited to now formally announce its launch at 3DMT. This is only one of the ways ARC is focused on providing innovative solutions to improve our customers speed to market. Quoting has been, and continues to be a tremendous bottleneck in the manufacturing process. Analogous to the way ecommerce has revolutionized the consumer buyer experience, we believe our technology will drive a more efficient and seamless way to manufacture and order parts. Surprisingly, the bulk of manufacturing is still quoting and processed in a highly manual, antiquated, and slow fashion. We believe our new system is one of the best applications in the marketplace, and further aligns with our mission statement of bringing technology to traditional manufacturing."
Users can go here to explore the new system: http://www.3dmaterialtech.com/quote.html
About ARC Group Worldwide, Inc.
ARC Group Worldwide is a leading global advanced manufacturing and 3D printing service provider. Founded in 1987, the Company offers its customers a compelling portfolio of advanced manufacturing technologies and cutting-edge capabilities to improve the efficiency of traditional manufacturing processes and accelerate their time to market. In addition to being a world leader in metal injection molding ("MIM"), ARC has significant expertise in 3D printing and imaging, materials science, advanced tooling, automation, machining, stamping, plastic injection molding, lean manufacturing, and robotics. For more information about ARC Group Worldwide, please visit www.ArcGroupWorldwide.com, or its operating subsidiaries at www.3DMaterialTechnologies.com, www.AFTmim.com, www.AFTmimHU.com, www.ARCmim.com, www.ArcWireless.net, www.ATCmold.com, www.FloMet.com, www.GeneralFlange.com, www.Injectamax.com, www.kecycorporation.com, www.TeknaSeal.com, and www.ThixoWorks.com.
This press release may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995, which are based on ARC's current expectations, estimates and projections about future events. These include, but are not limited to, statements, if any, regarding business plans, pro-forma statements and financial projections, ARC's ability to expand its services and realize growth. These statements are not historical facts or guarantees of future performance, events or results. Such statements involve potential risks and uncertainties, and the general effects of financial, economic, and regulatory conditions affecting our industries. Accordingly, actual results may differ materially. ARC does not have any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For additional factors that may affect future results, please see filings made by ARC with the Securities and Exchange Commission ("SEC"), including its Form 10-K for the fiscal year ended June 30, 2013 and Form 10-Q for the period ended March 30, 2014, as well as current reports on Form 8-K filed from time-to-time with the SEC.
Drew M. Kelley
PHONE: (303) 467-5236