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EFESTO MAKES COMMERCIAL HISTORY IN
METAL 3D PRINTING
November 26, 2015
EFESTO MAKES COMMERCIAL HISTORY IN METAL 3D PRINTING
For Immediate Release
Media Contact: Albert Sellas
albert.sellas@efesto.us
Sales Contact: Kunal Varma
kunal.varma@efesto.us
www.efesto.us
Superior Township, MI – November 23, 2015.
EFESTO LLC announced that last quarter it closed substantial sales of
metal 3D printers, including a state-of-the-art system commanding a
price higher than any 3D printer, metal or otherwise, that has ever
been sold in the history of the 3D Printing industry.
2. Ashok Varma, CEO & Chairman of EFESTO LLC, said “EFESTO made this
assessment based on its intimate knowledge of the industry and 3D printer
selling prices across all segments. EFESTO did not set out to break any sales
or price records. It simply focused on providing its customers with the best
solution that met their requirements with a justified business case. These
projects validate EFESTO's vision and conviction that there is a huge market
demand for very large scale metal 3D printing, and seeing that it has several
similar and larger metal 3D printer platforms in its pipeline, this demand is
clearly growing. EFESTO is a first mover in this “tip of the pyramid” segment
of the explosively growing metal 3D printing industry. Its intense efforts and
substantial investment in becoming a primary global market maker for such
premium technology platforms are delivering gratifying results. EFESTO
believes non-linear growth in its applications and sales is imminent”.
EFESTO supplies large, very large and mega size metal 3D printing equipment
utilizing Directed Energy Deposition (DED) technology with wire-fed and
powder-fed metals. It is a global reseller with trusted and competent partners,
a technology platform and applications developer, and is establishing high-end
metal 3D printing service bureaus utilizing premium equipment in strategic
regions around the globe.
Ashok Varma added “It is all about the business case and return on
investment by solving critical pain-points for EFESTO's customers. EFESTO
has now raised the bar quite high in the industry, and expects to raise the bar
even higher. It plans to deliver larger and higher value-added systems in the
future. Some of the parts customers want to fabricate have conventional costs
exceeding $ 1 million with lead times longer than 18 months. Many desired
parts actually cannot be made conventionally. EFESTO strives to achieve
meaningful reduction in lead time and allowing “build on demand” capability
for optimized parts at similar or lower total-build-cycle-costs. EFESTO is
addressing certain applications at serious users where even a $ 10 million
printer will be a bargain”.
EFESTO serves a wide range of industry verticals around the world, including
oil and gas, power, forging, defense, aviation, tooling/die & mold, marine,
construction, and mining.
“Yes, Size Does Matter, and Bigger Is Better”, quipped Ashok Varma.
"EFESTO will often take on challenges that no one else is willing to or able to
address. Many applications will not be suitable, but for the right applications,
the ROI on such premium equipment can be 1 or 2 years at most. EFESTO's
focus is on High Value/Low Volume applications, often “one-off”, for metal 3D
