LEUVEN, Belgium--(BUSINESS WIRE)—April 30, 2020 -- Materialise NV (NASDAQ:MTLS), a leading provider of additive manufacturing and medical software and of sophisticated 3D printing services, today announced its financial results for the first quarter ended March 31, 2020.
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In the fight against the coronavirus crisis, hospitals are in dire need of mechanical ventilators to treat COVID 19 patients. In response to this shortage, Materialise, a Belgium-based pioneer in 3D printing, has developed the Materialise NIP Connector, a device to convert standard equipment available in most hospitals, into a mask to facilitate breathing for patients by creating positive pressure in the lungs. These assembled masks allow clinicians to reduce the time patients need access to mechanical ventilators, which helps to reduce the strain on ventilator supplies. Materialise has decades of experience in certified medical 3D printing and is now fast-tracking the regulatory registrations that are crucial to ensure the safety of patients and caregivers. The company expects to have the device broadly available for hospitals by mid-April.
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Door handles are among the most germ-infested objects in houses, hospitals, factories, and elderly homes. We stand behind our mission to build a better and healthier world, which is why we’re sharing a free design file for all worldwide for a hands-free 3D-printed door opener. By using your arm instead of your hands, we can work together to avoid further spreading COVID-19 and make a change!
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Our Adjusted EBITDA rose by more than 13% to 26,7 million EUR. Materialise Software and Materialise Medical both achieved record quarterly revenues while Materialise Manufacturing experienced headwinds from a difficult macro-environment. We closed 2019 with cash and cash equivalents on our balance sheet totaling almost 129 million EUR, an increase of 13 million EUR compared to year-end 2018. We believe our continued solid and profitable growth and financial strength position us well to expand our existing business and capture new growth opportunities as our company enters its fourth decade and the additive manufacturing market continues to develop.”
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New release of Magics offers significant productivity improvements
Frankfurt, Germany - November 18, 2019. Materialise announces 3D printing solutions and initiatives that will increase productivity and advance serial additive manufacturing. A new release of Materialise Magics introduces several features to shorten the build preparation process, allowing users to scale their 3D printing operations. Materialise also presents a vision of its next-generation Build Processors, which will enable a more streamlined workflow for companies moving to serial production.
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