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MarketScreener Homepage  >  Equities  >  Xetra  >  Evonik Industries AG    EVK   DE000EVNK013

EVONIK INDUSTRIES AG

(EVK)
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Evonik Industries : and HP develop 3D-printable thermoplastic elastomer to enable breakthrough applications for HP's Multi Jet Fusion technology

10/29/2020 | 05:05am EST

Evonik and HP's new co-branded1 elastomer is a flexible high-performance specialty powder based on a thermoplastic amide grade (TPA) for 3D printing.

The new ready-to-use material has been developed thanks to a long-standing Industry partnership between the two companies and it is optimized for the HP's industry leading Multi Jet Fusion technology. The joint material development will be presented at this year's Formnext connect between November 10 and 12.

Evonik and HP's new TPA powder is a flexible, lightweight-construction material distinguished by its very low density of 1.01 g/cm-3 and a Shore A hardness of 91. The high-performance powder is excellently suited for production of functional high-tech 3D plastic parts-prototypes as well as series products-that call for high extensibility and energy return, such as sports equipment or automobile components.

Successful collaboration between Evonik and HP

The new ready-to-use powder material meets all the processability criteria required for optimized, production-grade parts developed for HP's Multi Jet Fusion technology. The powder enables fast, high-quality parts to be produced using HP's Jet Fusion 4200 series of 3D printers, resulting in an efficient, reliable experience similar to that of HP's branded PA12 polyamide.

'Open collaboration with materials leaders like Evonik continues to be so important as we push the boundaries of additive manufacturing and accelerate the industry,' said Tim Weber, global head of materials, HP 3D Printing and Digital Manufacturing. 'We are excited to continue building on our long-standing partnership with Evonik to deliver another compelling material for customers and expect to see innovative new applications that take advantage of TPA's flexible, lightweight properties.'

'The development of new ready-to-use specialty materials tailored to customer requirements belongs to Evonik's DNA: The company is a leading producer of innovative high-performance powders, filaments, and liquid resins for all important 3D-printing technologies,' says Sylvia Monsheimer, Head of the New 3D Printing Technologies market segment at Evonik. 'The new TPA is a perfect example of successful collaboration between Evonik and HP-that is, between the materials and the technology aspects of 3D printing-to develop the perfect printing parameters in close conjunction, so as to finally allow a smooth and trouble-free printing process.'

New material for infinite 3D applications by Go Proto

Furthermore, Evonik's new TPA powder makes it possible for clients to 3D print real, usable prototype through production of elastomer parts fast, no tooling - straight to parts. Customers, including rapid manufacturing partner GoProto, are already developing new innovative applications. 'We have had customers make ducts and bellows and footwear, athletic equipment, wearables and harnesses/connector parts. The combination of production quality material properties like high wear resistance, energy return, longevity and light weight continues to impress at every application. We at GoProto are extremely excited about the incredible value this brings to our clients developing new products in a fast-paced and ever-changing environment,' explains Jesse Lea, President & CEO at US-based service provider in additive manufacturing GoProto, Inc.

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Company information

Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of EUR13.1 billion and an operating profit (adjusted EBITDA) of EUR2.15 billion in 2019. Evonik goes far beyond chemistry to create innovative, profitable and sustainable solutions for customers. More than 32,000 employees work together for a common purpose: We want to improve life, day by day.

About Smart Materials

The Smart Materials division includes businesses with innovative materials that enable resource-saving solutions and replace conventional materials. They are the smart answer to the major challenges of our time: environment, energy efficiency, urbanization, mobility and health. The Smart Materials division generated sales of around EUR3.4 billion in 2019 with about 7,500 employees. It is part of Evonik Operations GmbH.

Disclaimer

In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.

About HP

HP Inc. creates technology that makes life better for everyone, everywhere. Through our product and service portfolio of personal systems, printers and 3D printing solutions, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com/go/3Dprinting.

Go to HP Material's Website to learn more about TPA: https://www8.hp.com/us/en/printers/3d-printers/materials.html?m802=1&tab=2

Janusz Berger

janusz.berger@evonik.com

Nina Peck

nina.peck@evonik.com

Carlota Sanchez Gisbert

carlota.sanchez-gisbert@hp.com

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
EVONIK INDUSTRIES AG 1.65% 25.94 Delayed Quote.-6.21%
HP INC. 1.84% 23.24 Delayed Quote.13.09%
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Financials
Sales 2020 12 174 M 14 816 M 14 816 M
Net income 2020 568 M 691 M 691 M
Net Debt 2020 3 450 M 4 199 M 4 199 M
P/E ratio 2020 21,5x
Yield 2020 4,51%
Capitalization 11 871 M 14 424 M 14 447 M
EV / Sales 2020 1,26x
EV / Sales 2021 1,17x
Nbr of Employees 32 822
Free-Float 41,1%
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 26,86 €
Last Close Price 25,52 €
Spread / Highest target 29,3%
Spread / Average Target 5,24%
Spread / Lowest Target -21,6%
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Managers
NameTitle
Christian Kullmann Chairman-Executive Board
Bernd Tönjes Chairman-Supervisory Board
Ute Wolf Chief Financial Officer
Andreas Fischer Chief Innovation Officer
Siegfried Luther Independent Member-Supervisory Board
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