New Material Expands Markforged Applications
from Functional Carbon Fiber and Metal Parts to Cost-Effective
Design Validation and Rapid Prototyping
Markforged (NYSE: MKFG), creator of the integrated metal and
carbon fiber additive manufacturing platform, The Digital Forge,
today announced the addition of Precise PLA to its portfolio of
materials. The new capability allows customers to product design
and iterate in a cost-effective manner. The Digital Forge platform
is now able to address all stages of product design - from
validation, which relies on more affordable materials like Precise
PLA, to strong, end-use applications reliant on Markforged’s carbon
fiber reinforced and metal-printed parts.
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Markforged Precise PLA comes in eight
colors. (Photo: Business Wire)
Precise PLA is Markforged’s specialized version of Polylactic
Acid (PLA), one of the most common prototyping materials in the
additive manufacturing industry. Markforged will offer Precise PLA
in eight color options - yellow, red, green, blue, orange, black,
white, and gray. The Digital Forge has been calibrated, through
updates to Eiger™ software, to print Precise PLA with excellent
quality and repeatability.
With the release of Precise PLA, users can now make affordable
designs on the same reliable, quality platform used to create
mission-critical, end use parts in demanding industries like
aerospace, automotive, defense and healthcare. With Precise PLA,
Markforged now offers 28 unique materials, from plastics to
continuous carbon fibers to metals. Together, these materials offer
users unparalleled versatility in capabilities, ranging from high
stiffness, impact resistance, temperature resistance, surface
finish, and now, affordability. From the initial phases of product
development through production and even aftermarket repair, users
can now use one simple platform to address their custom part
needs.
With the availability of Precise PLA, Zero Tolerance LLC, an
injection molding and machine shop, has now expanded its use of the
Digital Forge to bring an end-use motorcycle display adapter from
concept to final product.
“When using other 3D printers and PLA materials, the results
were not as precise as required, even after multiple iterations.
Printing parts to the size and quality we need, with the required
functionality and at a great price point is critical for our
business,” said Steve Michon, Zero Tolerance President and CEO.
“Once design validation using Precise PLA is completed, we move to
production with Markforged’s Onyx material for functional testing,
followed by printing with continuous carbon fiber for added safety
for our final, end-use part. With this new material, we can now
utilize our Markforged printer to deliver great results repeatedly
throughout the entire design and manufacturing process. This is the
most reliable additive platform we’ve ever used. It just
works.”
In addition to prototyping, Zero Tolerance also uses color-coded
inserts printed in Precise PLA in conjunction with Markforged’s
high-strength continuous fiber composite materials to make
fiberglass-reinforced assembly tools. The colors help the operator
quickly identify the correct tool, while relying on the fiberglass
for strength and stiffness.
“An affordable material devoted to design validation was a top
request from our customers to deliver a uniform and smooth print on
the Digital Forge from the beginning to the end of the product life
cycle,” said Shai Terem, Markforged President and CEO. “The growth
and adoption of the Digital Forge depends upon our ability to
address our customers’ requests and introduce new capabilities that
grow our addressable market. This added dimension of versatility
will expand the use cases our customers can address with the
Digital Forge, and drive adoption in segments such as education and
design services thanks in part to the lower cost of entry.”
Precise PLA will be available to order on March 15, and will be
compatible with Mark Two (Gen 2) and Onyx Pro (Gen 2). The new
material is also scheduled to be available on all Markforged
Industrial Series printers that are equipped with the latest A3648
extruder, including the X3, X5, and X7, in Q2 of this year. To
learn more about completing the product life cycle with Precise
PLA, please register for our upcoming webinar on March 29 at 10
a.m. ET.
About Markforged
Markforged (NYSE: MKFG) is reimagining how humans build
everything by leading a technology-driven transformation of
manufacturing with solutions for enterprises and societies
throughout the world. The Markforged Digital Forge brings the power
and speed of agile software development to industrial
manufacturing, combining hardware, software, and materials to solve
supply chain problems right at the point-of-need. Engineers,
designers, and manufacturing professionals all over the world rely
on Markforged metal and composite printers for tooling, fixtures,
functional prototyping, and high-value end-use production.
Markforged is headquartered in Watertown, Mass., where it designs
its products with over 350 employees worldwide. To learn more,
visit www.markforged.com.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are
based on beliefs and assumptions and on information currently
available. In some cases, you can identify forward-looking
statements by the following words: “may,” “will,” “could,” “would,”
“should,” “expect,” “intend,” “plan,” “anticipate,” “believe,”
“estimate,” “predict,” “project,” “potential,” “continue,”
“ongoing” or the negative of these terms or other comparable
terminology, although not all forward-looking statements contain
these words. These statements involve risks, uncertainties and
other factors that may cause actual results, levels of activity,
performance or achievements to be materially different from the
information expressed or implied by these forward-looking
statements. Although Markforged believes that it has a reasonable
basis for each forward-looking statement contained in this press
release, Markforged cautions you that these statements are based on
a combination of facts and factors currently known by it and its
projections of the future, about which it cannot be certain.
Forward-looking statements in this press release include, but are
not limited to, statements regarding the impact of the
newly-announced Precise PLA on the manufacturing industry and
Markforged, statements related to product development and
innovation, and statements regarding the potential benefits to
consumers of Markforged products including, but not limited to,
Precise PLA. Markforged cannot assure you that the forward-looking
statements in this press release will prove to be accurate. These
forward looking statements are subject to a number of risks and
uncertainties, including, among others, general economic, political
and business conditions and other factors discussed under the
header "Risk Factors" in the in Markforged’s most recent
registration statement on Form S-1, Markforged’s most recent
periodic report on Form 10-Q and other filings with the Securities
and Exchange Commission (“SEC”). Furthermore, if the
forward-looking statements prove to be inaccurate, the inaccuracy
may be material. In light of the significant uncertainties in these
forward-looking statements, you should not regard these statements
as a representation or warranty by us or any other person that
Markforged will achieve its objectives and plans in any specified
time frame, or at all. The forward-looking statements in this press
release represent Markforged’s views as of the date of this press
release. Markforged anticipates that subsequent events and
developments will cause its views to change. However, while
Markforged may elect to update these forward-looking statements at
some point in the future, Markforged has no current intention of
doing so except to the extent required by applicable law. You
should, therefore, not rely on these forward-looking statements as
representing Markforged’s views as of any date subsequent to the
date of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220308005514/en/
Media Paulina Bucko, Head of Communications
press@markforged.com
Investors investors@markforged.com
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