Markforged Takes the Guesswork out of 3D Printing for Industrial Applications With New Simulation Software

FRANKFURT AM MAAIN, Germany—-(BUSINESS WIRE)–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 free to try until April 2023. The company will then offer a paid subscription.

3D printing can be integrated into tooling or end-use applications. This requires part strength. Simulation is a way for manufacturers to increase their use of additive manufacturing, even in the most challenging production applications.

Larsen Motorsports creates jet engine drag racing cars that can reach speeds of over 280mph. Stock aluminum steering wheels can be shaped for larger hands than Josette Roach’s rookie House of Kolor sponsored dragster driver. This puts safety and performance at serious 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. It’s possible to do everything 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. Virtual testing allows users to validate the strength and stiffness of parts by identifying anchor and load surface and then entering loads, factor safety, and maximum deflection values. To optimize parts, they can automatically determine print settings for floors or walls, infill, fiber reinforcement and wall surfaces. This allows them to meet speed and print cost goals while still 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.”

Anyone with a Markforged Eiger Account can get simulation for free today. Visit www.markforged.com for more information and to sign up. 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.

Markforged

Markforged (NYSE.MKFG), is making manufacturing more resilient, flexible and adaptable by bringing industrial production on-demand to the point where it’s needed. 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. The Digital Forge is used by over 10,000 customers in 70+ countries to overcome the limitations of traditional manufacturing and strengthen their supply chains. Markforged is located in Watertown, Massachusetts, where it creates the hardware, software, and materials that power its platform. Visit www.markforged.com to learn more.

Notice Concerning Forward-Looking statements

Forward-looking statements are made in this press release based upon assumptions, beliefs and current information. 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 forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results, levels, performance, or achievements to differ materially from those expressed or implied by them. Markforged believes it can make forward-looking statements in this press statement. However, Markforged cautions that the statements are based only on information and factors that Markforged has at the time and not on projections of the future. Markforged cannot guarantee that such statements will be accurate. These forward-looking statements include statements about the adoption rate of Markforged products, as well as the Simulation functionality. They also contain statements about the potential benefits for consumers of Markforged products, such that they will be able to take advantage of the newly-announced Simulation functionality. Markforged cannot ensure that any forward-looking statements made in this press conference will 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. The inaccuracy of forward-looking statements may prove to be material if it is found out. These forward-looking statements are subject to significant uncertainties. You should not consider them as representations or warranties by Markforged or any other person regarding Markforged’s ability to achieve its goals and plans within a specified timeframe or at all. The forward-looking statements in this press release represent Markforged’s views as of the date of this press release. Markforged expects that future events and developments may change its views. Markforged could elect to make forward-looking statements, but Markforged is not currently planning to do so unless required by 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.