Prodways, Subsidiary of Groupe Gorgé, Extends Its Market Coverage to Include Turkey and Israel and Announces Its First Sale of 3D Printing Machines Through a Distributor

Just a few months after its launch in Asia, Prodways, a subsidiary of Groupe Gorgé, is further extending its market coverage to include Turkey and Israel, having signed two distribution agreements with Hortal 3D and Btech Innovation.

The signature of these two new agreements will enable Prodways to promote and market the full range of its 3D printing solutions in Turkey and in Israel, and underpins its wish to become a key player in the 3D printing sector, throughout the entire value chain, incorporating the development of cutting edge technology, the supply of high quality materials and the provision of engineering and manufacturing services for parts production.

"We are very pleased with this collaboration between Hortal 3D and Prodways in Israel. There is very strong demand from our customers to have a single service provider who can address all the issues involved in additive manufacturing," reports Danny Kaplan, a Board member of Hortal 3D.

Kuntay Aktas, CEO and co-founder of Btech Innovation, states: "BTech Innovation is delighted to have teamed up with Prodways, a growing force in 3D printing that is able to offer cutting edge technology aligned with a full range of manufacturing solutions. We are convinced that the solutions on offer will enable us to become a front runner in markets where we currently operate, particularly in the medical field. Our customers require high quality services based on state of the art technology and proven expertise in 3D Printing."

Hortal 3D in Israel and BTech Innovation in Turkey are highly regarded partners who will assist the growth of Prodways in these regions and will support its strategic objective to become the third largest global player offering multi-technological solutions and a full range of 3D printing services to its customers.

The distribution network will gradually become operational. As such, the Group announces today the first sale of 3D machines fully effected by one of its distributors. This sale of 3D printing machines (1 ProMaker L7000 and 1 ProMaker V6000) performed by its Polish distributor, for approximately €700,000, underscores Prodways' ambitious growth strategy based on building a global network of trusted partners who are experts in additive manufacturing in their respective markets.

About Groupe Gorgé:

Established in 1990, Group Gorgé is an industrial group operating in different areas of expertise: Smart Safety Systems, Protection in Nuclear Environments, Industrial Projects & Services and 3D Printing

In 2014, the Group reported revenue of €223.3 million. It is backed by 1,370 employees and operations in over ten countries. Groupe Gorgé is listed on NYSE Euronext Paris (ISIN: FR0000062671; Ticker code: GOE) and on the US OTC market (ISIN: US3994511034; OTC Pink: GGRGY / GGRGF) in the form of ADR.

More information available on www.groupe-gorge.com.

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