Markforged Releases Vega™, an Ultra High Performance Material Designed for 3D Printing Aerospace Components on the FX20™
November 07 2023 - 3:00AM
Business Wire
The new carbon fiber-filled PEKK can save
weight, cost and lead time by replacing aluminum
Markforged Holding Corporation (NYSE: MKFG), the company
strengthening manufacturing resiliency by enabling industrial
production at the point of need, today released Vega™, an ultra
high performance filament designed for aerospace manufacturing on
Markforged’s FX20™ printer. Vega not only offers exceptional
strength but also is expected to bring customers substantial
advantages in weight reduction, cost efficiency, and lead time
savings.
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Vega is a carbon fiber-filled PEKK that
can save weight, cost and lead time by replacing aluminum. (Photo:
Business Wire)
Vega builds upon Markforged’s material expertise and proven
track record of engineering chopped carbon fiber-filled polymers
that deliver strength, precision, and surface quality. Markforged
developed Vega to be compatible with the FX20’s Continuous Fiber
Reinforcement technology to deliver aluminum-strength parts.
“Vega is formulated to expand aerospace applications for our
customers,” said Shai Terem, CEO of Markforged. “Vega incorporates
PEKK, a proven material in aerospace that possesses excellent
strength and stiffness. We believe this material will set the
standard in print quality for high temperature thermoplastics and
expand the adoption of our FX20 printer.”
Vega exhibits excellent surface quality that exceeds most
high-temperature plastics used in additive manufacturing. With a
smooth black matte surface finish, Vega offers an excellent
as-printed finish for aesthetic aerospace parts. The new material
resists warping, a constant problem for high-temperature plastics,
and exhibits Flame, Smoke, and Toxicity (FST) resistance for
high-value applications.
Vega’s inherent print quality advantages are expected to drive
favorable business outcomes for customers, particularly with
production parts. Fewer defects and minimal warpage mean less
post-processing to achieve production surface quality, allowing for
higher part acceptance rates during inspection.
Combined with Markforged’s Continuous Fiber Reinforcement
technology, Vega provides increased design flexibility, without
sacrificing strength, which opens new applications unreachable with
other high-performance filaments. The new material expands the
utility of 3D printing with Continuous Fiber Reinforcement for
aerospace manufacturing from aesthetic parts to non-critical
structural parts in interiors and similar applications.
About Markforged
Markforged (NYSE:MKFG) is enabling more resilient and flexible
supply chains by bringing industrial 3D printing right to the
factory floor. Our additive manufacturing platform The Digital
Forge allows manufacturers to create strong, accurate parts in both
metal and advanced composites. With over 10,000 customers in 70+
countries, we’re bringing on-demand industrial production to the
point of need. We are headquartered in Waltham, Mass where we
design the hardware, software and advanced materials that makes The
Digital Forge reliable and easy to use. To learn more, visit
www.markforged.com.
Special Note Regarding Forward-Looking Statements
This 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: “may,” “will,” “could,” “would,”
“should,” “expect,” “intend,” “plan,” “strategy,” “anticipate,”
“believe,” “estimate,” “predict,” “project,” “potential,”
“continue,” “ongoing,” “opportunity” 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 impact of the newly-announced Vega material on the
manufacturing industry and Markforged, statements related to
product development and innovation, and statements regarding the
potential benefits to consumers of Markforged products including,
but not limited to, the Vega material; our ability to fulfill
orders for our products in a timely fashion in the future; expected
growth of the size of and opportunity to increase our addressable
market; the timing of launches and the rate and extent of adoption
of our products, including, but not limited to, our most recently
introduced products; market trends in the manufacturing industry;
the effects of macroeconomic factors; and the benefits to
consumers, functionality and applications of Markforged’s products.
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 Markforged to maintain its listing on
the New York Stock Exchange; the effect of uncertainties related to
economic downturns and global supply chain disruptions on
Markforged’s business and financial results; the outcome of any
legal proceedings against Markforged; and those factors discussed
under the header “Risk Factors” in Markforged’s most recent
periodic 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’s 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’s views as of any date subsequent to the
date of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231107585158/en/
Media: Samuel Manning, Principal Public Relations
sam.manning@markforged.com
Investor: Austin Bohlig, Director, Investor Relations
austin.bohlig@markforged.com
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