Virtual testing validates the strength of advanced composite parts and automatically optimizes print settings to reduce costs and speed up production
FRANKFURT AM MAIN, Germany, November 14, 2022–(BUSINESS WIRE)–During Formnext, Markforged (NYSE: MKFG), the company that builds manufacturing resilience by enabling industrial production where it’s needed, announced new features for simulation for its additive manufacturing software. The simulation is available as a free trial until April 2023, and the company plans to make the feature accessible through a paid subscription thereafter.
Integrating 3D printing into tooling and end-use applications requires confidence in the strength of parts. By replacing slow and costly design/print/break test cycles with virtual testing, simulation can enable manufacturers to extend their use of additive manufacturing to the most demanding production applications.
Larsen Motorsports builds jet-powered drag racing vehicles that hurtle at over 280 mph. But, the stock aluminum steering wheels are designed for hands much larger than those of House of Kolor-sponsored rookie drag racer 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 going until we get a design we’re happy with,” said Brian Tocci, chief operating officer, Larsen Motorsports. “We don’t need to print ten different parts. We can do it all in simulation.”
Unlike traditional software tools that require specialist expertise and time-consuming analysis, the simulation is designed for additive manufacturing and operates within the familiar Eiger™ software cut and print workflow. Any user can validate the strength and stiffness of parts through virtual testing by identifying anchor and load surfaces, then entering load values, safety factor and maximum deflection. They can then optimize parts by automatically determining print parameters for floors, walls, infill, and fiber reinforcement to meet cost and print speed goals while maintaining adequate strength.
“Simulation enables our customers to adopt digital forging deeper into their manufacturing operations by replacing more critical tools and end-use metal parts with advanced 3D printed composite parts validated and optimized with continuous reinforcement. fibers,” said Shai Terem, President and CEO of Markforge. “Cloud-based software innovation, such as simulation, is central to our mission to bring industrial parts production to the point where we need it.”
The simulation is available worldwide today as a free trial for anyone with a Markforged Eiger account. To open an account, visit www.markforged.com. Markforged will be showcasing “How In-Process Simulation, Monitoring and Inspection Will Drive the Future of Additive Manufacturing” at Formnext on Friday, November 18 at 11:40 a.m. in Hall 12, Booth E38.
Markforged (NYSE: MKFG) makes manufacturing more resilient and flexible by bringing industrial production from demand to the point of need. Markforged digital forging – the reliable, smart and easy-to-use additive manufacturing platform – enables any manufacturer to create robust end-use parts in metals and composites anywhere and anytime. Over 10,000 customers in over 70 countries use The Digital Forge to overcome the limitations of traditional manufacturing while strengthening their supply chains. Markforged is headquartered in Watertown, Massachusetts, where it designs the hardware, software, and materials that power its platform. To learn more, visit www.markforged.com.
Special note regarding forward-looking statements
This press release contains forward-looking statements based on beliefs and assumptions and information currently available. In some cases, you can identify forward-looking statements by the following words: “may”, “will”, “could”, “should”, “should”, “expect”, “intend”, “plan”, “strategy”. “, “anticipate”, “believe”, “estimate”, “predict”, “project”, “potential”, “continue”, “ongoing”, “opportunity” or the negative of these terms or any 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 differ materially from the information expressed or implied by these forward-looking statements. Although Markforged believes it has a reasonable basis for each forward-looking statement contained in this press release, Markforged cautions you that such statements are based on a combination of facts and factors currently known to it and its projections for the future, about which she can’t be sure. 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, simulation functionality; and statements regarding potential consumer benefits of Markforged products, including but not limited to recently announced simulation functionality. Markforged cannot assure you that the forward-looking statements contained 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; Markforged’s ability 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 the factors discussed under the heading “Risk Factors” in Markforged’s most recent periodic and other filings with the SEC. In addition, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the material uncertainties in these forward-looking statements, you should not consider these statements to be a representation or warranty by us or anyone else that Markforged will achieve its goals and plans within a specified time frame, or at all. The forward-looking statements contained 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, although Markforged may choose to update these forward-looking statements at some point in the future, Markforged currently has no intention of doing so, except as required by applicable law. You should therefore not rely on these forward-looking statements as representing the views of Markforged as of any date subsequent to the date of this press release.
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Kellie Woods, Media Relations Manager
Austin Bohlig, Director of Investor Relations