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Optomec reports 60% growth in additive systems orders

Repeat sales to production customers drive installed base of electronic and LENS metal 3D printers top 600 units

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Optomec, supplier of solutions for 3D printed electronics and 3D printed metal, reported a sharp increase in bookings during fiscal year 2021, including nearly 60% growth in new orders for its proprietary Aerosol Jet and LENS industrial printers. The steep rise in recent sales puts business activity well ahead of pre-pandemic levels, where Optomec had already experienced 50% growth in 2019 and takes the total installed base to nearly 600 machines across more than 250 customers.

“After an admittedly slow start to 2021, coincident with the global spike in COVID severity, sales quickly recovered in the second quarter and remained at a robust level through year-end, despite the lag in recovery for historically fruitful commercial aviation and international markets,” said David Ramahi, Optomec CEO. “While much of this activity was born of long-standing relationships with production customers, the relative strength of our broader pipeline makes us optimistic that the growth trend will continue into 2022 and beyond.”

The company’s high growth in 2021 bookings is being driven by repeat sales into pre-existing production customers and major accounts, including a Fortune 50 company that invested $1M for 2 additional additive electronics systems (targeting wearables) and two Fortune 500 companies investing respectively $3M for 12 additive electronics systems (semiconductor pkg) and for their 4th additive electronics system (mobile devices). Other sales went to the DOD ($3.5M for 3 additional LENS metal printers for production repair), US Navy ($1M for 2 additional additive electronics systems) and allied Navy ($1.3M for 2 metal printers for spare part production). One more $1.2M LENS metal 3D printer, went to a Tier 1 aerospace company (now totaling 10 installed systems for production repair in aviation.

Optomec reports 60% growth as repeat sales for production drive installed base of electronic and LENS metal 3D printers top 600 units

“We are further encouraged by the purely organic nature of our growth, the strong uptake of newly released products developed over the last year, and the fact that we were able to maintain profitably throughout the downturn and set the stage for margin improvement moving forward. These developments reaffirm the differentiated and strategic nature of our offerings, with their proven high ROIs and unique ability to deliver unparalleled performance gains.” Ramahi continued.

Optomec is a privately-held, rapidly growing supplier of Additive Manufacturing systems. Optomec’s patented Aerosol Jet Systems for printed electronics, and LENS and Huffman brand 3D Printers for metal component production and repair, are used by industry to reduce product cost and improve performance. Together, these unique printing solutions work with the broadest spectrum of functional materials, ranging from electronic inks to structural metals and even biological matter. Optomec has now delivered more than 600 of its proprietary Additive Manufacturing systems to more than 250 marquee customers around the world, for production applications in the electronics, energy, life sciences and aerospace industries. Our users include countless blue-chip manufacturing companies, such as GE, Samsung, Raytheon, Siemens, Lockheed and LiteOn, as well as the US Air Force, US Navy, US Army and NASA.

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Davide Sher

Since 2002, Davide has built up extensive experience as a technology journalist, market analyst and consultant for the additive manufacturing industry. Born in Milan, Italy, he spent 12 years in the United States, where he completed his studies at SUNY USB. As a journalist covering the tech and videogame industry for over 10 years, he began covering the AM industry in 2013, first as an international journalist and subsequently as a market analyst, focusing on the additive manufacturing industry and relative vertical markets. In 2016 he co-founded London-based 3dpbm. Today the company publishes the leading news and insights websites 3D Printing Media Network and Replicatore, as well as 3D Printing Business Directory, the largest global directory of companies in the additive manufacturing industry.

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