{"id":511427,"date":"2021-07-09T12:03:05","date_gmt":"2021-07-09T16:03:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wurth-additive-group-expands-distribution-of-markforgeds-digital-forge-globally\/"},"modified":"2021-07-09T12:03:05","modified_gmt":"2021-07-09T16:03:05","slug":"wurth-additive-group-expands-distribution-of-markforgeds-digital-forge-globally","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wurth-additive-group-expands-distribution-of-markforgeds-digital-forge-globally\/","title":{"rendered":"W\u00fcrth Additive Group Expands Distribution of Markforged\u2019s Digital Forge Globally"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>W\u00fcrth Additive Group Expands Distribution of Markforged\u2019s Digital Forge Globally<\/b><\/p>\n<p>WATERTOWN, Mass.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMarkforged, the creator of the Digital Forge, the integrated metal and carbon fiber industrial 3D printing platform, today announced that it has signed a global agreement with W\u00fcrth Additive Group, a W\u00fcrth Industry North America company. The expanded agreement will incorporate the Digital Forge into W\u00fcrth Additive Group\u2019s additive manufacturing solutions on a global scale.\n<\/p>\n<p>\nThis agreement brings the Digital Forge\u2019s combined precise and reliable 3D printing hardware and cloud-based learning software, along with its wide portfolio of 3D printing materials such as metals, composites and continuous fiber, to W\u00fcrth Additive Group. These solutions are utilized by blue chip companies around the world in industries like aerospace, industrial automation, space exploration, military &amp; defense, automotive and healthcare to deliver mission-critical end-use parts on demand and at the point of need.\n<\/p>\n<p>\n\u201cWe are excited to expand our partnership with Markforged globally. As the global market leader in the sale of assembly and fastening materials, active in over 80 countries, we joined forces with Markforged to reinvent manufacturing with the Digital Forge and look forward to bringing this technology to customers looking to enable, implement and support digital supply chain solutions around the world,\u201d said Dan Hill, Chief Executive Officer, W\u00fcrth Industry North America. \u201cOur strategic supplier portfolio is a key part of our additive solutions strategy, and Markforged has added proven value in North America and we are excited to take that global.\u201d\n<\/p>\n<p>\nThis arrangement expands on a previous agreement between W\u00fcrth Industry North America and Markforged which was signed in March 2020. The geographical reach of the expanded agreement grows outside of North America and is expected to accelerate W\u00fcrth\u2019s penetration into its install base with the Digital Forge. Ongoing collaboration between W\u00fcrth Additive Group and Markforged has created innovative solutions in digital industrial solutions, including digital Kanban solutions. Virtual managed inventory is now possible thanks to Markforged\u2019s cloud native platform which enables automatic connection to W\u00fcrth Additive Group\u2019s inventory systems to produce inventory right on the factory floor by simply scanning a barcode which triggers the Digital Forge to start printing. To further ensure high-quality parts, Markforged\u2019s Blacksmith, an Artificial Intelligence software, automates inspection capabilities by building in a closed-loop quality control to validate and verify parts.\n<\/p>\n<p>\n\u201cWe are excited to see W\u00fcrth Additive Group\u2019s deep experience and extensive global coverage and the Digital Forge\u2019s capabilities come together to overcome global supply chain limitations with customers across the world,\u201d said Shai Terem, President and Chief Executive Officer at Markforged. \u201cOur technology enables some of the world\u2019s biggest manufacturers to create digital supply chains that transcend the limitations of conventional manufacturing by fabricating robust production parts right on their own factory floors. Together with W\u00fcrth we are aiming to reinvent manufacturing on a global scale.\u201d\n<\/p>\n<p>\nFor more information about Markforged, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.markforged.com&amp;esheet=52457734&amp;newsitemid=20210709005354&amp;lan=en-US&amp;anchor=www.markforged.com&amp;index=1&amp;md5=992b8365593f52daf1c5b97804e267d0\">www.markforged.com<\/a>.\n<\/p>\n<p><b>About Markforged<\/b><\/p>\n<p>\nMarkforged transforms manufacturing with 3D metal and continuous carbon fiber printers capable of producing parts tough enough for the factory floor. The Markforged Digital Forge brings the power and speed of agile software development to industrial manufacturing, combining hardware, software, and materials to eliminate the barriers between design and functional parts. Engineers, designers, and manufacturing professionals all over the world rely on Markforged metal and composite printers for tooling, fixtures, functional prototyping, and high-value end-use production. Founded in 2013 and based in Watertown, Mass., Markforged has more than 250 employees globally. Markforged has been recognized by Forbes in the Next Billion-Dollar Startups list, and was listed as the #2 fastest-growing hardware company in the US in the 2019 Deloitte Fast 500. In February 2021, Markforged announced it entered into a definitive agreement to merge with <i>one<\/i> (NYSE: AONE), a special purpose acquisition company founded and led by technology industry veteran Kevin Hartz. The transaction is expected to close in the summer of 2021, subject to regulatory and stockholder approvals, and other customary closing conditions. The combined company will retain the Markforged name and be listed on the NYSE under the ticker symbol \u201cMKFG\u201d.\n<\/p>\n<p><b>About W\u00fcrth Industry North America<\/b><\/p>\n<p>\nW\u00fcrth Industry North America (WINA) is a $1 Billion division of the W\u00fcrth Group, the world\u2019s largest fastener distribution company. WINA is a strategically aligned collective of companies: W\u00fcrth Action Bolt, W\u00fcrth Adams, W\u00fcrth Additive Group, W\u00fcrth Des Moines Bolt, W\u00fcrth House of Threads, W\u00fcrth Industry Canada, W\u00fcrth Industry de Mexico, W\u00fcrth Revcar, W\u00fcrth Service Supply, W\u00fcrth Snider, W\u00fcrth SW Industry (W\u00fcrth Brazil), W\u00fcrth Timberline, Marine Fasteners, Northern Safety &amp; Industrial\/ORR Safety, Oliver H. Van Horn, and Weinstock Bros., consisting of more than 110 locations across North America. Through the pairing of more than 420,000 parts with a myriad of services, WINA provides custom solutions for almost every industry. W\u00fcrth products and services include engineering assistance, quality control, inventory management, vending, safety supplies, kitting and assembly, structural fasteners and MRO\/industrial supplies. In addition, WINA systems ensure security and quality control through superior supply chain management.\n<\/p>\n<p>\nFor more information on W\u00fcrth Industry North America, go to <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.wurthindustry.com%2Fen%2Fwina%2Fstartseite%2Findex.php&amp;esheet=52457734&amp;newsitemid=20210709005354&amp;lan=en-US&amp;anchor=wurthindustry.com.&amp;index=2&amp;md5=589f88394109b1a8281e7fb60bcf3721\">wurthindustry.com.<\/a><\/p>\n<p><b>About W\u00fcrth Additive Group<\/b><\/p>\n<p>\nWurth Additive Group, led by CEO AJ Strandquist, launched in April 2021 to provide expanded industrial 3d printing products and services, including financing and rental options. W\u00fcrth Industry North America began providing additive solutions to customers in late 2017 with rapid prototyping and printing production tools. It now offers full digital Kanban solutions by integrating 3D printing technology in its existing vendor-managed inventory programs. The group aims to streamline customers\u2019 supply chain and increase adaptability through additive manufacturing and digital inventory.\n<\/p>\n<p>\nFor more information on W\u00fcrth Additive Group, go to <span class=\"bwuline\"><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fshop.wurthindustry.com%2F&amp;esheet=52457734&amp;newsitemid=20210709005354&amp;lan=en-US&amp;anchor=shop.wurthindustry.com&amp;index=3&amp;md5=b960e55ddb4417f83f5748f246647d4d\">shop.wurthindustry.com<\/a><\/span>.\n<\/p>\n<p><b>About <i>one<\/i><\/b><\/p>\n<p><i>one<\/i> is a special purpose acquisition company sponsored by A* formed for the purpose of effecting a business combination with one or more businesses in the innovation economy. <i>one<\/i> completed its initial public offering in August 2020 raising $215 million in cash proceeds. A* was founded and is led by technology industry veteran Kevin Hartz.\n<\/p>\n<p><b>Participants in the Solicitation<\/b><\/p>\n<p><i>one<\/i> and Markforged and their respective directors and executive officers may be considered participants in the solicitation of proxies with respect to the potential transaction described in this document under the rules of the Securities Exchange Commission (the \u201cSEC\u201d). Information about the directors and executive officers of <i>one<\/i> and Markforged are set forth in <i>one<\/i>\u2019s Proxy Statement and Prospectus filed purusant to Rule 424B(3) with the SEC on June 24, 2021 (the \u201cRegistration Statement\u201d), and other filings with the SEC that are available free of charge at the SEC\u2019s web site at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fmarkforged.com%2Fresources%2Fnews-events%2Fmarkforged-announces-metal-x-gen2-next-day-metal-and-x7-field-edition&amp;esheet=52457734&amp;newsitemid=20210709005354&amp;lan=en-US&amp;anchor=www.sec.gov+or&amp;index=4&amp;md5=d2fb0839fc1a95c7e331381c35783701\">www.sec.gov or<\/a> by directing a request to: <i>one<\/i>, 16 Funston Avenue, Suite A, The Presidio of San Francisco, San Francisco, California 94129, Attention: Secretary. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the <i>one<\/i> shareholders in connection with the potential transaction are set forth in the Registration Statement filed with the SEC. These documents can be obtained free of charge from the sources indicated above.\n<\/p>\n<p><b>Non-Solicitation<\/b><\/p>\n<p>\nThis press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of <i>one<\/i>, the combined company or Markforged, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.\n<\/p>\n<p><b>Special Note Regarding Forward-Looking Statements<\/b><\/p>\n<p>\nThis 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: \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201congoing\u201d 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, statements regarding the proposed business combination, including the timing and structure of the transaction, the functionality and applications of Markforged\u2019s products, the expected growth of the additive manufacturing industry, the expected growth of Markforged\u2019s revenue and customer base in North America and globally, the expected benefits to Markforged\u2019s sales and business from its partnership with W\u00fcrth, the impact of Markforged\u2019s products on its financial conditions and results of operation, and the integration of Markforged\u2019s products into the additive manufacturing market. 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 partners, such as W\u00fcrth, to increase sales of Markforged\u2019s products; the inability of the parties to consummate the business combination or the occurrence of any event, change or other circumstances that could give rise to the termination of the business combination agreement; the effect of COVID-19 on Markforged\u2019s business and financial results; the outcome of any legal proceedings that may be instituted against the parties following the announcement of the business combination; the risk that the approval of the shareholders of <i>one<\/i> for the potential transaction is not obtained; failure to realize the anticipated benefits of the business combination, including as a result of a delay in consummating the potential transaction; the risk that the business combination disrupts current plans and operations as a result of the announcement and consummation of the business combination; the ability of the combined company to grow and manage growth profitably and retain its key employees; the amount of redemption requests made by <i>one<\/i>\u2019s shareholders; the inability to obtain or maintain the listing of the combined company&#8217;s securities following the business combination; costs related to the business combination; and those factors discussed under the header \u201cRisk Factors\u201d in the Registration Statement and those included under the header \u201cRisk Factors\u201d in <i>one<\/i>\u2019s Annual Report on Form 10-K 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\u2019s 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\u2019s views as of any date subsequent to the date of this press release.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210709005354r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210709005354\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210709005354\/en\/<\/a><\/span><\/p>\n<p><b>Investors<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:investors@markforged.com\">investors@markforged.com<\/a><\/p>\n<p><b>Media<br \/>\n<\/b><br \/>Paulina Bucko<br \/>\n<br \/>Head of Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:paulina.bucko@markforged.com\">paulina.bucko@markforged.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Massachusetts United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Packaging Engineering Automotive Manufacturing Aerospace Manufacturing Software Networks Hardware<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210709005354\/en\/890404\/3\/markforged_primary_logo_k_%28002%29_THIS_ONE.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>W\u00fcrth Additive Group Expands Distribution of Markforged\u2019s Digital Forge Globally WATERTOWN, Mass.&#8211;(BUSINESS WIRE)&#8211; Markforged, the creator of the Digital Forge, the integrated metal and carbon fiber industrial 3D printing platform, today announced that it has signed a global agreement with W\u00fcrth Additive Group, a W\u00fcrth Industry North America company. The expanded agreement will incorporate the Digital Forge into W\u00fcrth Additive Group\u2019s additive manufacturing solutions on a global scale. This agreement brings the Digital Forge\u2019s combined precise and reliable 3D printing hardware and cloud-based learning software, along with its wide portfolio of 3D printing materials such as metals, composites and continuous fiber, to W\u00fcrth Additive Group. These solutions are utilized by blue chip companies around the world in industries like aerospace, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wurth-additive-group-expands-distribution-of-markforgeds-digital-forge-globally\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;W\u00fcrth Additive Group Expands Distribution of Markforged\u2019s Digital Forge Globally&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-511427","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>W\u00fcrth Additive Group Expands Distribution of Markforged\u2019s Digital Forge Globally - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wurth-additive-group-expands-distribution-of-markforgeds-digital-forge-globally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"W\u00fcrth Additive Group Expands Distribution of Markforged\u2019s Digital Forge Globally - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"W\u00fcrth Additive Group Expands Distribution of Markforged\u2019s Digital Forge Globally WATERTOWN, Mass.&#8211;(BUSINESS WIRE)&#8211; Markforged, the creator of the Digital Forge, the integrated metal and carbon fiber industrial 3D printing platform, today announced that it has signed a global agreement with W\u00fcrth Additive Group, a W\u00fcrth Industry North America company. The expanded agreement will incorporate the Digital Forge into W\u00fcrth Additive Group\u2019s additive manufacturing solutions on a global scale. This agreement brings the Digital Forge\u2019s combined precise and reliable 3D printing hardware and cloud-based learning software, along with its wide portfolio of 3D printing materials such as metals, composites and continuous fiber, to W\u00fcrth Additive Group. 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