NAMI has acquired metal DMP Factory 500 and DMP Flex 350 Dual solutions and polymer SLS 380 solutions from 3D Systems to produce components for the Saudi Power Company to improve supply chain efficiency

Demonstrate the positive role of local manufacturing and the impact of simplifying additive manufacturing to drive innovation

3D Systems solutions can expand the application of additive manufacturing in the energy sector, which is expected to reach a market value of up to billion by 2032

3D Systems (NYSE:DDD) today announced that NAMI, a state-owned additive manufacturing and innovation company based in Saudi Arabia, has purchased a number of 3D Systems 3D printing technologies (DMP Factory 500, DMP Flex 350 Dual and SLS 380). This demonstrates the Company's full support for its recently established partnership with the Saudi Electricity Company.

Through this initiative, NAMI will leverage the power of 3D printing to create a localized spare parts supply chain for SEC, the largest power producer, transmitter and distributor in the Middle East and North Africa. As the project progresses, NAMI will build a digital inventory system to reduce production time, physical storage requirements and costs. 3D Systems' additive manufacturing solutions, including its metal and polymer 3D printing technology and the NoSupports printing strategy developed by its Application Innovation team, enable the efficient production of precision end-use parts. NAMI's deep expertise, combined with industry-leading 3D printing technology, not only enables the production of high-performance components such as pump impels, fuel burners, motor fans, radiators and heat exchangers, but also reduces SEC's physical inventory requirements. This allows the SEC to reduce supply chain risk, reduce costs and increase efficiency.

Reji Puthenveetil, executive vice president and chief commercial officer of Additive Solutions at 3D Systems, said: "Our additive manufacturing solutions are proven to dramatically improve supply chain efficiency and drive innovation across industries. Reverse engineering of obsolete components, coupled with additive manufacturing techniques, helps extend equipment uptime and service life. NAMI's engineering and application capabilities, combined with our industry's innovative 3D printing platform, will be a valuable tool in facilitating SEC collaboration." We hope that this partnership will not only benefit the SEC, but also improve the service the SEC provides to its clients."

NAMI, a joint venture between 3D Systems and the Saudi Arabian Industrial Investment Company (Dussur), is playing a key role in realizing Saudi Arabia's Vision 2030 to build localized additive manufacturing production capacity, with an initial focus on the defense, energy and manufacturing sectors.

Mohammed Swaidan, CEO of NAMI, noted: "Since the inception of NAMI, we have made significant progress in expanding the application of additive manufacturing on a regional scale. Our partnership with the SEC enhances our ability to solve problems in the energy sector, and 3D Systems' technical and application expertise can serve as the basis for innovative solutions. This collaboration will not only improve the reliability of SEC's supply chain, but also significantly increase cost efficiencies and improve operations."

Research and Markets research [1] shows that the additive manufacturing market in the energy sector is valued at .6 billion in 2023 and is expected to grow to billion by 2032. Additive manufacturing is popular because it can shorten the design cycle and provide high-quality, reliable, high-performance components that meet or exceed design standards. 3D Systems has the experience to provide additive manufacturing solutions that span materials, 3D printing technology, software and services to help customers in high-tech, fast-paced industries achieve this value growth goal. Ultimately, energy companies can improve fuel efficiency, reduce maintenance costs, and reduce greenhouse gases.

Forward-looking statement

Certain statements in this press release that are not historical or current statements of fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, are characterized by uncertainties, or may arise in which actual results, performance or results of the company's actions differ materially from historical results or any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by words such as "believe", "believe", "expect", "may", "will", "estimate", "intend", "expect" or "plan" or the negative of these words or other similar terms. Forward-looking statements are based on the beliefs, assumptions and current expectations of the Company's management, which may include the Company's views, expectations and opinions regarding future trends in the impact of the Company's activities and business, and are necessarily uncertain and subject to factors beyond the Company's control. The use of "forward-looking statements" and "Risk factors" in the Company's periodic filings with the SEC, among other factors, may result in actual results that differ materially from those reflected or projected in the forward-looking statements. Although the Company's management believes that the projections reflected in the forward-looking statements are reasonable projections, forward-looking statements should not be relied upon as, and should not be construed as, guarantees of future performance or results, and even if certain performance or results are indeed achieved in the future, there is no confirmation of the accuracy of the forward-looking statements. The forward-looking statements included speak only as of the date they are made. 3D Systems does not assume any responsibility to update or revise forward-looking statements made by or on behalf of management, except as required by law, as future developments or later events cause changes.

About 3D Systems

Thirty-five years ago, 3D Systems brought the innovation of 3D printing to manufacturing. Today, as an additive manufacturing solutions partner, we bring innovation, performance and reliability to every interaction, empowering our customers to build highly innovative products and business models. Thanks to our unique range of hardware, software, materials and service offerings, each application-specific solution is supported by the expertise of our application engineers, who work with customers to transform the way they deliver products and services. 3D Systems' solutions target a variety of advanced applications in healthcare and industrial markets such as medical, dental, aerospace, defense, automotive, and durable goods. For more information about the company, please visit www.airboat.com.cn.

About NAMI

NAMI is an additive manufacturing company in Saudi Arabia co-founded by 3D Systems and Dussur in November 2022. Our goal is to become one of the top five manufacturing services companies by 2030 to localize manufacturing in the industrial and medical sectors by building a digital manufacturing platform that can provide reliable industrial-grade technical and application engineers to significantly increase local adoption of 3D printing. For more information, visit

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