Medical Modelling, Second Edition: The Application of Advanced Design and Rapid Prototyping Techniques in Medicine (Woodhead Publishing Series in Biomaterials)

Medical modelling and the principles of medical imaging, Computer Aided Design (CAD) and Rapid Prototyping (also known as Additive Manufacturing and 3D Printing) are important techniques relating to various disciplines – from biomaterials engineering to surgery. Building on the success of the first edition, Medical Modelling: The application of Advanced Design and Rapid Prototyping techniques in medicine provides readers with a revised edition of the original text, along with key information on innovative imaging techniques, Rapid Prototyping technologies and case studies. Following an overview of medical imaging for Rapid Prototyping, the book goes on to discuss working with medical scan data and techniques for Rapid Prototyping. In this second edition there is an extensive section of peer-reviewed case studies, describing the practical applications of advanced design technologies in surgical, prosthetic, orthotic, dental and research applications. * Covers the steps towards rapid prototyping, from conception (modelling) to manufacture (manufacture)* Includes a comprehensive case studies section on the practical application of computer-aided design (CAD) and rapid prototyping (RP)* Provides an insight into medical imaging for rapid prototyping and working with medical scan data

Check Out Our Website For Details…

The ExOne Company Announces Second Quarter 2014 Financial Results Release and …

NORTH HUNTINGDON, Pa., Jul 31, 2014 (GLOBE NEWSWIRE via COMTEX) —

The ExOne Company /quotes/zigman/13926498/delayed/quotes/nls/xone XONE +12.43% (“ExOne” or “the Company”), a global provider of three-dimensional (“3D”) printing machines and printed products to industrial customers, announced today that it will release its second quarter 2014 financial results after the closing of financial markets on Wednesday, August 13, 2014.

The Company will host a conference call and webcast to review the financial and operating results for the quarter, along with its corporate strategies and outlook. A question-and-answer session will follow.

Second Quarter 2014 Earnings Conference Call

Thursday, August 14, 2014

8:30 a.m. Eastern Time

Phone: (201) 689-8470 (No pass code needed)

Internet Webcast: www.exone.com

A telephonic replay of the conference call will be available from 11:30 a.m. ET on the day of the teleconference through Thursday, August 21, 2014. To listen to a replay of the call, dial (858) 384-5517 and enter the conference ID number 13585625, or access the webcast replay via the Company’s website, where a transcript will also be posted once available.

About ExOne

ExOne is a global provider of 3D printing machines and printed products, materials and other 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 in-house 3D printing machines. ExOne offers pre-production collaboration and print products for customers through its eight 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 our ability to qualify more 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; material weaknesses in our internal control over financial reporting and 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.







        
        CONTACT: For more information, contact:
        
                 Investors:
                 Brian W. Smith
                 Chief Financial Officer
                 (724) 765-1350
                 brian.smith@exone.com
        
                 Deborah K. Pawlowski / Karen L. Howard
                 Kei Advisors LLC
                 (716) 843-3908 / (716) 843-3942
                 dpawlowski@keiadvisors.com /
                 khoward@keiadvisors.com
        
        


Copyright (C) 2014 GlobeNewswire, Inc. All rights reserved.

/quotes/zigman/13926498/delayed/quotes/nls/xone

US : U.S.: Nasdaq

$ 37.08

+4.10 +12.43%

Volume: 794,024

July 30, 2014 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$476.33 million

Rev. per Employee

$169,568

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3-D Printing Stocks: How Do They Stack Up by Valuation As We Enter the Second Quarter of 2014?

What a difference three months makes! The 3-D printing stocks, which were 2013’s darlings, have considerably cooled down in 2014. All the pure-play 3-D printing stocks are in the red for the first quarter of this year. Sweden-based Arcam (NASDAQOTH: AMAVF  ) and the sector’s second-largest player Stratasys (NASDAQ: SSYS  ) , however, are holding up relatively well, as they’ve loss just 16% and 22%, respectively, of their values this year. ExOne, 3D Systems, and voxeljet haven’t fared as well, as they’re down 42%, 36%, and 33%, respectively. 

The 3-D printing sector’s first quarter in a nutshell
It’s not surprising investors have punished the 3-D printing stocks during the first quarter of this year. All five of the pure plays have now reported their fourth-quarter and full-year 2013 earnings results, along with their 2014 guidance, and the sector’s results have been subpar for such highly valued stocks. (Here are articles about each company’s earnings: 3D SystemsStratasys, ExOne, Arcam, and voxeljet.)

Most of the players reported strong revenue, though none of them impressed with earnings, and ultimately, it’s the bottom line that matters. While the reasons for the lukewarm, at best, earnings have varied somewhat, the general party line has been: We’re sacrificing short-term profits for long-term growth potential. 3D Systems has been the most aggressive pursuing this strategy, as it’s teamed with a host of leaders in diverse industries last year. Stratasys hasn’t been as aggressive in its growth strategy, likely because it’s been busy over the last couple years digesting its big merger with Objet. Based upon information the company has released this year, however, investors should expect Stratasys to up its growth game.

There is a good reason beyond the obvious ones why the 3-D printing companies want to capture as much market share as possible, as fast as possible: The more 3-D printers a company installs, the more reoccurring revenue from material sales it should receive, since most 3-D printers currently use proprietary materials. Additionally, sales of “consumables” generally generate higher-than-company-average profit margins.

How do the 3-D printing players stack up by current valuations?
If there’s any good news in the 3-D printing sector stocks being pummeled in the first quarter, it’s that valuations across the board have at least partially come back down to Earth. They’re still high on an absolute basis, but for those investors who believe in the long-term earnings growth potential of one or more of these companies, this could be a buying opportunity.

Here’s how the 3-D printing stocks stacked up by valuation and a couple other key metrics at the start of 2014.

Company

Market Cap

Annual Revenue (Millions)

Price/Sales

P/E

P/E (FRW)

Operating Margin (TTM)

Profit Margin (TTM)

3D Systems

$9.9B

$460.2

21.0

209

75.3

18.7%

9.6%

Stratasys

$6.7B

$400.5

16.3

N/A

58.3

(1.1%)

(7.3%)

ExOne

$962.6M

$41.5

21.7

N/A

155.6

(0.7%)

(5.7%)

Arcam

$585.9M

$29.5

20.2

173

N/A

11.5%

11%

Voxeljet

$729.8M

$13.0

55.9

N/A

N/A

0.6%*

(2.0%)*

Sources: Yahoo! Finance; voxeljet’s third-quarter earnings report. *For nine-month period through Sept. 30. Data as of Jan. 3.

Here’s how they stack up now, as we’re about to enter the second quarter.

Company

Market Cap

Annual Revenue (Millions)

Price/Sales

P/E

P/E (FRW)

Operating Margin (TTM)

Profit Margin (TTM)

3D Systems

$6.1B

$513.4

11.8

132

48.8

15.8%

8.6%

Stratasys

$5.1B

$484.4

10.6

N/A

35.6

(2.5%)

(5.6%)

ExOne

$508.3M

$39.5

13.2

N/A

110.1

(14.4%)

(16.4%)

Arcam

$562.4M

$30.2

18.4

216

N/A

7.3%

7.7%

Voxeljet

$409.5M

$16.1

25.4

N/A

N/A

(17.2%)

(23.2%)

Sources: Yahoo! Finance; voxeljet’s fourth-quarter earnings report. Data as of March 28.

Valuations have come down significantly across the board, with the exception of Arcam. Arcam’s price-to-sales ratio dropped a bit, though its price-to-earnings ratio increased 25% to 216. (That’s because the company’s trailing-12-month earnings decreased after the fourth-quarter results were released; not because the price has increased.) Arcam is now considerably more highly valued on both a P/S and P/E basis than the sector’s leader, 3D Systems. The two were about equally valued on a P/S ratio and 3D Systems was pricier on a P/E basis when we started 2014. The two companies are quite different; 3D Systems is considerably larger and offers the sector’s broadest range of 3-D printers and materials, while Arcam exclusively focuses on metals printers for the aerospace and medical implant industries. They do, however, share one key feature: They’re the only two companies that are profitable from a GAAP standpoint.

Foolish final thoughts
While these is no guarantee that the carnage has ended, investors with long-term horizons who believe in the earnings growth potential of one or more of the 3-D printing stocks might find current stock prices present an attractive entry point. That said, I think it’s likely we’ll see further divergence among the stock performances of the players as we move forward, so prudent stock selection becomes even more crucial. 

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Gone Bananas – Crazy Dalmatians Analog Kids’ Watch with Animated Paw Print Second Hand and Red Band – Time Teacher

The Crazy Dalmatians wrist watch is an attractive and fun way for kids to learn to tell time. This quartz analog watch has an easily readable face which makes learning to tell the time easy. What makes this watch stand out from the bunch is the animated paw print that serves as the second-hand. It rotates every second making it fun and entertaining to watch. The comfortable red plastic band features raised dalmatian puppies and paw prints which gives the band a 3-D appearance. As this watch is made for kids, it is designed to be both dirt and stain resistant. It makes a great gift and is recommended for kids ages 5 to 8. The watch is also suitable for 4 year-old children however please note that the watch band might be too big. Comes packaged in a pillow box with ribbon accent. Gift options also available.

NOTE: THIS WATCH IS NOT FOR USE IN WATER.

Certified compliant with United States CPSIA Sections 101 (A) (2) and 108 – Children’s analog battery operated watch with PVC bands, alloy buckles, casing and stainless steel back for all styles. WARNING: SMALL PARTS – CHOKING HAZARD – Not for children under 3 years old. Manufactured in China. The watch uses one Maxell Button Cell SR626SW battery (pre-installed). Warranty Information: The watch (excluding the battery, crystal, band, or strap) comes with a one year manufacturer warranty which covers any defects in workmanship. The warranty is void if there is evidence that it has been tampered with, misused, abused, or altered; for example: moisture damage sufficient to affect the proper function of the watch; damage to plastic band or visible cracking of the crystal.

View our complete collection of watches for kids! We feature both standard and waterproof watches. Search Amazon for: Gone Bananas Watch to view our entire selection of kids watches.

Product Features

  • Encourages Kids to Learn to Tell Time in a Fun and Unique Way
  • Paw Print for the Second Hand Character Keeps Kids Entertained as it Moves
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  • Beautifully Packaged in Pillow Box with Ribbon Accent – Makes a Great Gift
  • View our Entire Collection of Gone Bananas Kids Watches here on Amazon

Click Here For More Information on 3D Printing