Oqton and Baker Hughes Enter Commercial Agreement to Offer Most Comprehensive Software Suite for Production-Scale Additive Manufacturing

Oqton, Inc

Intend to mix Oqton’s Producing OS with Baker Hughes’ proprietary applications to accelerate innovation in vitality sector
Organizations be expecting to sector enhanced instruments to address apps in additional industries
Program system will be supplied under Oqton model, supplying comprehensive manufacturing unit-ground workflow integration, automation, control, and optimization from portion design via remaining inspection

GHENT, Belgium, March 13, 2023 (Globe NEWSWIRE) — Oqton, a computer software provider aiding producers maximize innovation and efficiency by intelligently automating generation and Baker Hughes, an vitality technological know-how company, will sort a technological and professional software package development arrangement. The settlement will carry together the two companies’ engineering experience and understanding of production to develop an industrial digital ecosystem that will rework how companies bring their merchandise to marketplace in remarkably controlled industries this sort of as energy, aerospace, and health care. The resolution is intended to speed up the design and style and output of additively created sections across the complete manufacturing workflow to enhance efficiency and facilitate regulatory compliance.

Oqton, a wholly-owned, independently operated subsidiary of 3D Programs (NYSE:DDD), is recognized as a leader in encouraging firms unify engineering and output with its smart Manufacturing OS (MOS). This technological innovation-neutral, components-agnostic software package system connects manufacturers’ applications and devices across several web sites enabling businesses to monitor every action with a digital thread for full traceability and visibility from order to delivery.

As aspect of the development partnership, Baker Hughes is integrating Oqton’s Production OS into its workflow, together with its personal proprietary additive producing remedies developed for vertical applications in excess of the last decade. Combining Oqton’s autonomous method to manufacturing and Baker Hughes’ knowledge in the enhancement and introduction of creation procedures into extremely controlled industrial environments will help the organizations to develop an improved additive manufacturing platform for the electrical power field. This is intended to serve as the foundation for the providers to establish added applications and plug-ins that will turn out to be section of the Oqton Production OS and open new marketplaces in additional controlled industries with demanding stop-use purposes these types of as aerospace and healthcare.

“We consider that producing is going by way of its most considerable period of disruption considering that the to start with industrial revolution,” mentioned Dr. Ben Schrauwen, SVP and typical manager, Oqton. “Our mission is to accelerate building autonomous production available to companies of all dimensions, enabling the continuous versatility and adaptability of manufacturing processes. Via this collaboration, we see the likely to make a important leap forward in improving our Manufacturing OS by leveraging the expertise of Baker Hughes’ engineering group to speed up the production workflow and aid regulatory compliance.”

“As an vitality technological know-how firm, Baker Hughes is completely committed to the growth of the most advanced systems hunting for far more effective, a lot more responsible, and cleaner energy answers,” said Jim Periods, vice president for completions and effectively interventions at Baker Hughes. “Digital transformation is the center of gravity in the advanced production procedure. We imagine that to attain an economical and trusted system we require to allow automation and autonomous controls in our conclusion-to-stop producing workflows. We are transforming how the sector functions nowadays and in the long run.”

“As an strength know-how corporation, Baker Hughes believes in the electricity of digital enablement to improve functions and support a additional sustainable power marketplace,” explained Jim Apostolides, senior vice president of business operational excellence at Baker Hughes. “Our arrangement with Oqton will aid the industrialization of our additive producing and support travel much more intelligent operations for the energy and industrial segments.”

Forward-On the lookout Statements
Particular statements made in this release that are not statements of historical or latest facts are ahead-wanting statements inside of the this means of the Non-public Securities Litigation Reform Act of 1995. Ahead-seeking statements require known and unidentified threats, uncertainties and other components that may possibly bring about the real benefits, performance or achievements of the organization to be materially different from historical benefits or from any upcoming final results or projections expressed or implied by these kinds of forward-searching statements. In many instances, forward-hunting statements can be determined by phrases this sort of as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the unfavorable of these conditions or other equivalent terminology. Ahead-wanting statements are based mostly upon management’s beliefs, assumptions, and current anticipations and may possibly incorporate comments as to the company’s beliefs and anticipations as to upcoming events and developments influencing its company and are necessarily subject matter to uncertainties, quite a few of which are outdoors the manage of the organization. The aspects explained less than the headings “Forward-Wanting Statements” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Fee, as nicely as other factors, could induce true benefits to vary materially from individuals mirrored or predicted in ahead-seeking statements. Whilst administration believes that the expectations reflected in the forward-searching statements are realistic, forward-looking statements are not, and must not be relied on as a promise of upcoming efficiency or final results, nor will they always prove to be correct indications of the moments at which this kind of general performance or effects will be achieved. The forward-searching statements incorporated are created only as of the day of the statement. Oqton and Baker Hughes undertake no obligation to update or critique any ahead-on the lookout statements created by administration or on its behalf, regardless of whether as a final result of long run developments, subsequent situations or situation or otherwise.

About Oqton
Oqton accelerates smart production by offering extensive software package solutions for additive generation, 3D scanning, and robotic welding — helping industrial and healthcare corporations travel innovation and performance. The company’s additive output software enables total traceability and visibility across an organization, offering AI-driven capabilities for image segmentation, additive style and design, establish prep, MES, additive inspection, and simulation. World-wide makers use Oqton application to automate robotic welding to enhance productivity. The company’s industry-primary Geomagic suite is the basis of 3D scanning answers for reverse engineering and inspection applications. Oqton is supported by partnerships with machine and scanner suppliers, software partners, and ERP/CAD/PLM integrations. For additional details, visit www.oqton.com or LinkedIn.

Oqton
Sint-Jacobsnieuwstr 17
9000 Ghent
Belgium
www.oqton.com

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