Mar 8, 2016 | By Benedict
Optomec, a 3D printed metals and electronics supplier, has reported 70% revenue growth for its industrial 3D printing systems during 2015. The company is operating profitably and is maintaining a strong backlog as demand for its products increases.
Albuquerque, New Mexico-based Optomec is clearly a 3D printing business worth keeping an eye on. After being backed by GE and Autodesk in December, the company has posted promising figures in its report for the fiscal year ending December 31, 2015. Optomec, a privately-owned supplier of additive manufacturing systems, is best known for two important technological systems: Its patented Aerosol Jet Systems for 3D printed electronics and its LENS 3D printers, used to produce metal 3D printed parts.
Optomec’s Aerosol Jet 3D printing technology enables customers to 3D print detailed electronic, structural and biological patterns onto most surfaces. Unlike the more common ink jet, Optomec’s patented process uses aerodynamic focusing to deposit electronic and other materials as fine as 10 micrometers in diameter. The LENS 3D printer, Optomec’s other key product, uses a high-power laser to fuse powdered metals into 3D structures.
Both of those products are selling strongly, with business spread almost equally across the two product lines. A 70% increase in total revenue over FY2014 has resulted in the company being profitable for the year, with EBITDA of 9%. This despite reportedly high levels of investment in the company, such as the expansion of its distribution channels and product portfolio. As such, Optomec began 2016 with around six months of high-growth backlog.
Optomec boasts a number of big names on its growing list of clients and customers, including TEC, Stratasys, Brewer Science, Innovation Lab, and a number of academic and research institutions. Two key customers, however, have been particularly important in driving the revenue growth of the company: GE and LITE-ON.
Optomec’s additive manufacturing systems developed for General Electric were significantly expanded during 2015. Additionally, Optomec’s relationship with LITE-ON blossomed as the New Mexico 3D printing firm provided multiple Aerosol Jet production systems, operating 24/7, to LITE-ON’s Guangzhou, China facility. The production ramp will give LITE-ON the capacity to produce 3D antenna and 3D sensors for millions of consumer electronics devices per year.
“Our solid growth in 2015 gives evidence that industrial adoption of high volume additive manufacturing is now a reality at leading corporations,” said Dave Ramahi, Optomec CEO. “The path forward looks promising as our new customers realize the cost and functional advantages of Optomec solutions and plan for further production rollouts. Beyond our commercial successes, 2015 was also significant as we were pleased to welcome GE and Autodesk, two visionaries in the additive manufacturing industry, as strategic investors in the company.”
Posted in 3D Printer Company
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