Markforged Takes the Guesswork out of 3D Printing for Industrial Applications With New Simulation Software
14 November 2022 - 10:30PM
Business Wire
Virtual testing validates the strength of
advanced composite parts and automatically optimizes print
parameters to help lower cost and speed production
Today at Formnext, Markforged (NYSE: MKFG), the company
strengthening manufacturing resiliency by enabling industrial
production at the point of need, announced the release of new
Simulation features for its additive manufacturing software.
Simulation is available as a free trial until April 2023, and the
company expects to make the feature accessible through a paid
subscription thereafter.
Incorporating 3D printing into tooling and end-use applications
requires confidence in part strength. By replacing slow and costly
design/print/break testing cycles with virtual testing, Simulation
can enable manufacturers to expand their use of additive
manufacturing into the most demanding production applications.
Larsen Motorsports builds jet engine drag racing vehicles that
hurtle past 280mph. But, stock aluminum steering wheels are shaped
for much larger hands than those of rookie House of Kolor sponsored
dragster driver, Josette Roach, putting safety and performance at
risk. Larsen Motorsports used Simulation to design and print a
Continuous Carbon Fiber reinforced Onyx™ steering wheel strong
enough to replace aluminum. "We can now test it with Simulation,
iterate and keep iterating until we get a design we're happy with,”
said Brian Tocci, Director of Operations, Larsen Motorsports. “We
don't have to print ten different parts. We can do it all in
Simulation."
Unlike traditional software tools that need specialized
expertise and time-consuming analysis, Simulation is designed for
additive manufacturing and works within the familiar Eiger™
software slice and print workflow. Any user can validate part
strength and stiffness through virtual testing by identifying
anchor and load surfaces and then entering values for loads, factor
of safety and maximum deflection. They can then optimize parts by
automatically determining print settings for floors, walls, infill
and fiber reinforcement to achieve print cost and speed goals while
maintaining adequate strength.
“Simulation enables our customers to adopt The Digital Forge
deeper into their manufacturing operations by replacing more
mission critical tooling and end-use metal parts with validated and
optimized 3D printed advanced composite parts with Continuous Fiber
Reinforcement,” said Shai Terem, President and CEO of Markforged.
“Cloud-based software innovation like Simulation is core to our
mission to bring industrial part production to the point of
need.”
Simulation is available worldwide today as a free trial for
anyone with a Markforged Eiger account. To sign up for an account,
visit www.markforged.com. Markforged will present “How simulation,
in-process monitoring and inspection will drive the future of
additive manufacturing" at Formnext on Friday November 18th at
11:40 in Hall 12, Stand E38.
About Markforged
Markforged (NYSE:MKFG) is making manufacturing more resilient
and flexible by bringing on-demand industrial production to the
point of need. The Markforged Digital Forge – the reliable,
intelligent and easy-to-use additive manufacturing platform –
empowers any manufacturer to create robust end-use parts in both
metal and composites anywhere and anytime. Over 10,000 customers
across 70+ countries use The Digital Forge to overcome limitations
of traditional manufacturing while strengthening their supply
chains. Markforged is headquartered in Watertown, Mass., where it
designs the hardware, software and materials that powers its
platform. 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,” “strategy,” “anticipate,”
“believe,” “estimate,” “predict,” “project,” “potential,”
“continue,” “ongoing,” “opportunity” 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, the rate and extent
of adoption of our products, including, but not limited to, the
Simulation functionality; and statements regarding the potential
benefits to consumers of Markforged products including, but not
limited to, the recently-announced Simulation functionality.
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; the ability of Markforged to maintain its listing on
the New York Stock Exchange; the effect of COVID-19 on Markforged’s
business and financial results; the outcome of any legal
proceedings against Markforged; and those factors discussed under
the header “Risk Factors” in Markforged’s most recent periodic and
other filings with the 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221111005449/en/
Media Kellie Woods, Media Relations Manager
markforged@pancomm.com
Investors Austin Bohlig, Director of Investor Relations
investors@markforged.com
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