Just a few hours ahead of the release of its Q4 2014 report (14:00 CET), Arcam anounced that it has received an order for an Arcam Q20 system from LAI International in Phoenix. The system will be used for production of aerospace components. LAI International is a leading contract manufacturer of precision -engineered finished parts, components and subassemblies for aerospace, power generation, defense, medical , electronics and other advanced technology industries.
With five U.S. production operations, LAI has provided superior manufacturing solutions and comprehensive component overhaul and repair services for the world’s leading OEMs. Since 1961, LAI’s manufacturing solutions and services have earned a reputation for excellence throughout the world.
“With increased demand for advanced manufacturing solutions, we believe investing in the latest EBM technology will give LAI an edge in the aerospace industry. Arcam is the leading supplier of titanium additive manufacturing systems and we turned to them with confidence,” says Mike Koesling, LAI International Vice President of Engineering. “I am excited for the opportunity to branch out into new technology space consistent with our company strategy. This will open up new market opportunities with new customers in the industries we serve”, added Patrick J Gruetzmacher, CEO/President of LAI International.
“This deal confirms the potential for our EBM technology within the aerospace industry. We look forward to working closely with LAI International to further grow their activities in this innovative, demanding industry,” says Magnus René, CEO of Arcam.
Two good things with this order in our opinion:
- Further increase of exposure to US, which increases exposure to appreciating USD. It also increases awareness for Arcam among US companies in general.
- Further emphasizing the importance of Arcam’s EBM technology for the aeriospace industry. This makes it more likely, in our opinion, that the company will be acquired by a larger player, such as General Electric