Optomec Reports 70% Revenue Growth for 2015

Optomec, a provider of production-grade additive manufacturing systems, has reported a strong sales growth for the fiscal year ending 2015. The company accounted for a 70% increase in revenues compared to 2014. Part of this can be attributed to increased business across its LENS and Aerosol Jet product lines.

Contributing to growth were expansions involving multiple systems at several key customers, including General Electric (GE) and LITE-ON Mobile Mechanical SBG (LITE-ON), a global provider of electronic manufacturing services. For example, LITE-ON deployed multiple Aerosol Jet production systems, operating 24x7, at its Guangzhou, China facility. The production ramp gives LITE-ON the capacity to produce 3D antenna and/or 3D sensors for millions of consumer electronics devices per year, the company states.

“Our solid growth in 2015 gives evidence that industrial adoption of high volume additive manufacturing is now a reality at leading corporations," said Dave Ramahi, Optomec CEO. “The path forward looks promising as our new customers realize the cost and functional advantages of Optomec solutions and plan for further production rollouts. Beyond our commercial successes, 2015 was also significant as we were pleased to welcome GE and Autodesk, two visionaries in the additive manufacturing industry, as strategic investors in the company.”

For more information, visit Optomec.

Sources: Press materials received from the company and additional information gleaned from the company’s website.