Markforged, the creator of the Digital Forge, the integrated metal and carbon fiber industrial 3D printing platform, today announced that it has signed a global agreement with Würth Additive Group, a Würth Industry North America company. The expanded agreement will incorporate the Digital Forge into Würth Additive Group's additive manufacturing solutions on a global scale.
This agreement brings the Digital Forge's combined precise and reliable 3D printing hardware and cloud-based learning software, along with its wide portfolio of 3D printing materials such as metals, composites and continuous fiber, to Würth Additive Group. These solutions are utilized by blue chip companies around the world in industries like aerospace, industrial automation, space exploration, military & defense, automotive and healthcare to deliver mission-critical end-use parts on demand and at the point of need.
"We are excited to expand our partnership with Markforged globally. As the global market leader in the sale of assembly and fastening materials, active in over 80 countries, we joined forces with Markforged to reinvent manufacturing with the Digital Forge and look forward to bringing this technology to customers looking to enable, implement and support digital supply chain solutions around the world," said Dan Hill, Chief Executive Officer, Würth Industry North America. "Our strategic supplier portfolio is a key part of our additive solutions strategy, and Markforged has added proven value in North America and we are excited to take that global."
This arrangement expands on a previous agreement between Würth Industry North America and Markforged which was signed in March 2020. The geographical reach of the expanded agreement grows outside of North America and is expected to accelerate Würth's penetration into its install base with the Digital Forge. Ongoing collaboration between Würth Additive Group and Markforged has created innovative solutions in digital industrial solutions, including digital Kanban solutions. Virtual managed inventory is now possible thanks to Markforged's cloud native platform which enables automatic connection to Würth Additive Group's inventory systems to produce inventory right on the factory floor by simply scanning a barcode which triggers the Digital Forge to start printing. To further ensure high-quality parts, Markforged's Blacksmith, an Artificial Intelligence software, automates inspection capabilities by building in a closed-loop quality control to validate and verify parts.
"We are excited to see Würth Additive Group's deep experience and extensive global coverage and the Digital Forge's capabilities come together to overcome global supply chain limitations with customers across the world," said Shai Terem, President and Chief Executive Officer at Markforged. "Our technology enables some of the world's biggest manufacturers to create digital supply chains that transcend the limitations of conventional manufacturing by fabricating robust production parts right on their own factory floors. Together with Würth we are aiming to reinvent manufacturing on a global scale."
For more information about Markforged, please visit www.markforged.com.
Markforged transforms manufacturing with 3D metal and continuous carbon fiber printers capable of producing parts tough enough for the factory floor. The Markforged Digital Forge brings the power and speed of agile software development to industrial manufacturing, combining hardware, software, and materials to eliminate the barriers between design and functional parts. Engineers, designers, and manufacturing professionals all over the world rely on Markforged metal and composite printers for tooling, fixtures, functional prototyping, and high-value end-use production. Founded in 2013 and based in Watertown, Mass., Markforged has more than 250 employees globally. Markforged has been recognized by Forbes in the Next Billion-Dollar Startups list, and was listed as the #2 fastest-growing hardware company in the US in the 2019 Deloitte Fast 500. In February 2021, Markforged announced it entered into a definitive agreement to merge with one (NYSE: AONE), a special purpose acquisition company founded and led by technology industry veteran Kevin Hartz. The transaction is expected to close in the summer of 2021, subject to regulatory and stockholder approvals, and other customary closing conditions. The combined company will retain the Markforged name and be listed on the NYSE under the ticker symbol "MKFG".
About Würth Industry North America
Würth Industry North America (WINA) is a $1 Billion division of the Würth Group, the world's largest fastener distribution company. WINA is a strategically aligned collective of companies: Würth Action Bolt, Würth Adams, Würth Additive Group, Würth Des Moines Bolt, Würth House of Threads, Würth Industry Canada, Würth Industry de Mexico, Würth Revcar, Würth Service Supply, Würth Snider, Würth SW Industry (Würth Brazil), Würth Timberline, Marine Fasteners, Northern Safety & Industrial/ORR Safety, Oliver H. Van Horn, and Weinstock Bros., consisting of more than 110 locations across North America. Through the pairing of more than 420,000 parts with a myriad of services, WINA provides custom solutions for almost every industry. Würth products and services include engineering assistance, quality control, inventory management, vending, safety supplies, kitting and assembly, structural fasteners and MRO/industrial supplies. In addition, WINA systems ensure security and quality control through superior supply chain management.
For more information on Würth Industry North America, go to www.wurthindustry.com .
About Würth Additive Group
Wurth Additive Group, led by CEO AJ Strandquist, launched in April 2021 to provide expanded industrial 3d printing products and services, including financing and rental options. Würth Industry North America began providing additive solutions to customers in late 2017 with rapid prototyping and printing production tools. It now offers full digital Kanban solutions by integrating 3D printing technology in its existing vendor-managed inventory programs. The group aims to streamline customers' supply chain and increase adaptability through additive manufacturing and digital inventory.
For more information on Würth Additive Group, go to shop.wurthindustry.com.
one is a special purpose acquisition company sponsored by A* formed for the purpose of effecting a business combination with one or more businesses in the innovation economy. one completed its initial public offering in August 2020 raising $215 million in cash proceeds. A* was founded and is led by technology industry veteran Kevin Hartz.
Participants in the Solicitation
one and Markforged and their respective directors and executive officers may be considered participants in the solicitation of proxies with respect to the potential transaction described in this document under the rules of the Securities Exchange Commission (the "SEC"). Information about the directors and executive officers of one and Markforged are set forth in one's Proxy Statement and Prospectus filed pursuant to Rule 424B(3) with the SEC on June 24, 2021 (the "Registration Statement"), and other filings with the SEC that are available free of charge at the SEC's web site at www.sec.gov or by directing a request to: one, 16 Funston Avenue, Suite A, The Presidio of San Francisco, San Francisco, California 94129, Attention: Secretary. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the one shareholders in connection with the potential transaction are set forth in the Registration Statement filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
Top image: Würth Additive Group