SOURCE: ARC Group Worldwide, Inc.

ARC Group Worldwide

March 03, 2016 06:30 ET

ARC Group Worldwide, Inc. Announces New Proprietary Thixomolding Process

DELAND, FL --(Marketwired - March 03, 2016) - ARC Group Worldwide, Inc. ("ARC" and the "Company") (NASDAQ: ARCW), a leading global provider of advanced manufacturing and 3D printing solutions, today announced it has developed a new, proprietary Thixomolding process. The new methodology strategically leverages ARC's industry leading expertise in magnesium injection molding and proven metallurgical knowledge to create the next generation of Thixomolding. Specifically, the new Thixomolding technology uniquely provides ARC with the ability to offer lower porosity, achieve tighter tolerances, create more complex parts, and develop thinner walls than traditional magnesium or aluminum die casting processes. Further, ARC's fully automated, advanced Thixomolding process creates one of the most competitive price opportunities in the global magnesium marketplace while still delivering some of the quickest lead times.

ARC Chairman and CEO, Jason Young, commented, "The global die casting industry is significant, and we are excited to have a competitive new technology to offer our customers which not only offers higher quality, but lower prices as well. Up until now, cost has been one of the biggest barriers to growth in the Thixomolding sector, but with ARC's new proprietary process, the Company can offer prices that are more competitive than traditional magnesium and aluminum die casting. We are excited to announce our new Thixoforming capabilities which will enable ARC's customers to have lighter, more complex parts than die casting, with price no longer being the barrier to adoption."

About ARC Group Worldwide, Inc.

ARC Group Worldwide, Inc., is a leading global advanced manufacturing and 3D printing service provider. The Company offers its customers a compelling portfolio of advanced manufacturing technologies and cutting-edge capabilities to improve the efficiency of traditional manufacturing processes and accelerate their time to market. In addition to being a world leader in metal injection molding, ARC has significant expertise in plastic and metal 3D printing, precision stamping, traditional and clean room plastic injection molding, advanced rapid tooling, thixomolding, lean manufacturing, antennas, hermetic seals, robotics, and flanges and forges.

Forward Looking Statements

This press release may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995, which are based on ARC's current expectations, estimates, and projections about future events. These include, but are not limited to, statements, if any, regarding business plans, pro-forma statements, and financial projections, including ARC's ability to expand its services and realize growth. These statements are not historical facts or guarantees of future performance, events, or results. Such statements involve potential risks and uncertainties, and the general effects of financial, economic, and regulatory conditions affecting our industries. Accordingly, actual results may differ materially. ARC does not have any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For further information on risks and uncertainties that could affect ARC's business, financial condition and results of operations, readers are encouraged to review Item 1A. – Risk Factors and all other disclosures appearing in ARC's Form 10-K for the fiscal year ended June 30, 2015 and Form 10-Q for the period ended September 27, 2015 as well as current reports on Form 8-K filed from time-to-time with the Securities and Exchange Commission.

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