Nasdaq GlobeNewswire

AREVO Unveils First 3D-Printed Carbon-Fiber eBike

Del

Company debuts its second application with OECHSLER and unlocks the global manufacturing power of its 3D-printing process

SANTA CLARA, Calif., July 12, 2018 (GLOBE NEWSWIRE) -- AREVO®, the leader in software-controlled additive manufacturing technology, today announced the launch of its eBike - the world's first battery-assisted bike using a 3D carbon fiber frame. On the heels of launching the first 3D printed all terrain city bike in May, AREVO's eBike is another real-world example of the company's capabilities and time savings that come with its one-of-a-kind, 3D printing process.

AREVO's 3D printing process combines software, robotics, machine learning and thermoplastic materials to provide designers and manufacturers with unprecedented freedom to create products with unparalleled strength and durability. As a result, AREVO's eBike can be customized for individual riders, printed as and when needed at scale, and competitively manufactured anywhere in the world.

"We have created a new paradigm for manufacturing that empowers businesses to create and source products locally by leveraging advancements in dynamic software and automation," said Jim Miller, CEO of AREVO. "The development of the eBike has proven that we can 3D print a new product when needed, at a low cost and localize the manufacturing process - significantly cutting down on the process and time it has taken historically to create bike frames."

AREVO partnered with OECHSLER, a manufacturer mainly for automotive and medical parts, to leverage their DRIVEMATIC three-speed automatic gearbox with AREVO's 3D printed carbon fiber frame for an electric 3D printed bike. The bike has a unique feature set ideal for the modern bike commuter including Bluetooth capability and smartphone connectivity to easily track bike data like battery life, current speed and distance.

"We're committed to being at the forefront of manufacturing innovation, and partnering with AREVO allowed us to explore a unique use case for our integrated drive system," said Michael Oppermann, Director Business Development, from OECHSLER. "With AREVO'S ability to quickly produce custom bike frames, we'll be able to meet the increasing demand for eBikes at a fraction of the time, cost and environmental impact of the standard bike production process."

For more on AREVO"s technology and to follow future applications, visit http://www.arevoinc.com/.

About AREVO
AREVO, based in Santa Clara, California, develops technology to enable direct digital additive manufacturing of ultra-strong, lightweight composite parts for end use applications in high volume. With our unique combination of breakthrough materials, powerful design/build software, and free motion robotics for the first "true 3D" construction, AREVO is moving beyond prototypes by enabling the design and fabrication of large, mass-produced parts and structures to happen anywhere, quickly leading 3D printing into mainstream manufacturing. AREVO provides designers and manufacturers with unprecedented freedom to unlock the unparalleled strength and weight of composite materials for a wide range of consumer and industrial products, and has seen early success manufacturing CFRTP composite parts for OEM customers. With an initial focus on Aerospace, Defense, Consumer Electronics, Transportation, and Consumer Goods, Arevo is poised to optimize additive manufacturing services to OEM's worldwide. For more information visit http://www.arevoinc.com/.

Contact
Meredith Klee for AREVO 
arevo@highwirepr.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Arevo Inc. via Globenewswire

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