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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Prodways Group    PWG   FR0012613610

PRODWAYS GROUP

(PWG)
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Prodways : opens up new horizons for 3D-printed footwear

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06/06/2017 | 01:13am EDT

Prodways Group, a subsidiary of Groupe Gorgé, announces the successful commercial development of its portfolio of solutions for the footwear industry.

As sport shoe manufacturers are looking for ways to accelerate new product launches, create more versatile footwear and provide enhanced performance to their customers, Prodways Group unique 3D printing solutions open up new horizons for the industrial production of 3D-printed footwear.

Over the past few years, Prodways Group has developed proven 3D technologies and materials for faster manufacturing of final outsoles, midsoles and insoles providing higher performance, complex textures and customized design and properties across the sole that offer a competitive alternative to traditional manufacturing processes.

Enhancing sportswear mid-sole performance with TPU material

Fostering a culture of innovation, Prodways Group has developed a revolutionary elastomeric material for additive manufacturing that has already convinced many sportswear industry leaders including Nike.

Designed for use with laser sintering 3D printers, Prodways Group's proprietary thermoplastic polyurethane (TPU) material stands out for its superior elongation at break capacity of over 300%. This exclusive material enables the printing of ultra-flexible mid-soles with higher fatigue resistance, while eliminating the time and cost of tooling. This process also enables a high level of precision in 3D printing of lattice structures, a level that could not be reached with traditional manufacturing processes, thus saving weight and bringing higher performance to sportswear midsoles.

Mr Harleigh Doremus, Nike Rapid Prototyping, commented: 'Prodways' TPU material has been an excellent addition to our Rapid Prototyping operations. The ease-of-processing of the TPU material has allowed us to consistently produce high quality flexible parts and is a key component in increasing the 'speed-to-market' of new Nike products.'

While traditional moulding techniques limit the capacity to adjust the properties across the midsole, Prodways Group TPU's shore hardness can be varied depending on energy input, allowing variable density for each area of the midsole, providing improved performance and better addressing the needs of each sport or athlete.

In addition, Prodways Group offers a wide range of premium laser sintering printers with the largest capacities in their segment, taking the additive manufacturing of sportswear midsoles beyond small series manufacturing and up to the industrial level.

Thanks to its unique 3D printing and materials offering, Prodways Group provides the sportswear industry with key differentiating 3D technologies to accelerate the path of new product launches without being limited by the time and cost of traditional tooling.

Challenging the manufacturing of outer soles to deliver productivity gains and cost savings to footwear industry players

Major footwear players bring hundreds of new sports shoes to market every year, with each new model requiring several dozen outsole patterns and moulds to fit each foot size. Prodways Group's exclusive MOVINGLight® additive manufacturing technology combined with a proprietary material is the only 3D printing technology to print resistant composite moulds to inject or compress a series of final outsoles with tailored designs and complex textures.

While traditional metal mould tooling processes are expensive and slow MOVINGLight®'s unique combination of high resolution and productivity allows to print moulds that are ready for production within a few hours. With this unique technology, Prodways Group accelerates new product market launch cycles, while delivering cost savings to its customers and allowing new designs for improved outsole performance.

Mass production of bespoke insoles

Prodways Group has been developing an applications dedicated to bespoke insoles using 3D printing. Commercially launched in January 2017, ScientiFeet is offering podiatrists a fully integrated solution from foot scanner impression to 3D printing of the end product. Once the production has been finalised, the insoles are delivered to the practitioner's office, which delivers them to the patients.

'Being able to 3D print customized soles for specific pain relief is a game-changer for orthopaedic applications. 3D printed insoles are lighter and deliver higher precision to offer a tailor-made treatment to each patient', commented Cyrille Pailleret, General Manager at ScientiFeet.

Whether orthopaedic, in response to a medical condition, for comfort or to improve sports performance, insoles today represent a growing global market. More than 5,000 pairs of ScientiFeet insoles have already been printed.

Prodways Group SA published this content on 06 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 June 2017 05:13:22 UTC.

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Financials (€)
Sales 2019 72,3 M
EBIT 2019 1,05 M
Net income 2019 1,00 M
Finance 2019 23,0 M
Yield 2019 -
P/E ratio 2019 199,67
P/E ratio 2020 46,08
EV / Sales 2019 1,80x
EV / Sales 2020 1,56x
Capitalization 153 M
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Number of Analysts 2
Average target price 4,10 €
Spread / Average Target 37%
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Managers
NameTitle
Olivier Strebelle Chief Executive Officer & Director
Raphaël Gorgé Executive Chairman
Pierre-Olivier Gisserot Director-Finance & Administration
André-Luc Allanic Head-Research & Development
Thierry Moulonguet Independent Director
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