SOURCE: ARC Group Worldwide, Inc.

ARC Group Worldwide

June 29, 2016 19:31 ET

ARC Group Worldwide Wins Most MIM Awards at 2016 MPIF Powder Metallurgy Design Excellence Competition

DELAND, FL --(Marketwired - June 29, 2016) - ARC Group Worldwide, Inc. ("ARC" and the "Company") (NASDAQ: ARCW), a leading global provider of advanced manufacturing and 3D printing solutions, today announced that ARC won the most metal injection molding awards ("MIM") at the 2016 Powder Metallurgy Design Excellence Competition, sponsored by the Metal Powder Industries Federation.

ARC won the Grand Prize in the Aerospace/Military Category for its metal injection molded 4605 low-alloy steel part. This part is much larger than the typical MIM part and has a complex geometry. The customer previously machined this from bar stock, however ARC MIM was able to save the customer more than 30% of the cost from the legacy process.

ARC won an Award of Distinction in the Aerospace/Military Category for a MIM 17-4 PH stainless steel part. The component, with its complex geometry, is sintered exactly to net shape, with no secondary operations needed to meet required dimensional specifications. Cost savings were the primary driver for the switch to a MIM part from one machined from bar stock.

ARC won an Award of Distinction in the Medical/Dental Category for a MIM wedge blank made from 440 stainless steel. The part has a complex and small geometry that pushed the MIM process to the very limits of tolerance capabilities. The part's 5 mm diameter size, less than half the previous low of 12 mm, enables new procedures to be created and enhances procedures in smaller patients, particularly in the area of pediatrics.

ARC won an Award of Distinction in the Medical/Dental Category for a MIM tungsten electrode. The use of tungsten enables the electrode to reach its operating/effective temperature more efficiently and maintain it for a longer time than with other alloys.

ARC CEO, Jason Young, commented, "We are honored to receive this recognition from MPIF and thankful to our engineers, metallurgists, production, manufacturing and the rest of our team that continue to pioneer the development of metal powder production parts."

About ARC Group Worldwide, Inc.

ARC Group Worldwide is a global advanced manufacturing and 3D printing service provider focused on accelerating speed to market for its customers. ARC utilizes technology to improve automation in manufacturing through robotics, software and process automation, as well as lean manufacturing to improve efficiency. ARC provides a holistic set of precision manufacturing solutions, from design and prototyping through full run production. These solutions include metal injection molding, plastic and metal 3D printing, metal stamping, plastic injection molding, clean room injection molding, rapid tooling, thixomolding, antennas, hermetic seals, 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, 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 filed with Securities and Exchange Commission.

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