New order for SolidWorld from Abu Dhabi worth approximately euro 800 thousand

Treviso, July 4, 2024 – SolidWorld Group S.p.A. (ticker S3D), a company listed on the Euronext Growth Milan market and parent of the Group that develops and integrates cutting-edge, comprehensive 3D digital technologies, has announced that its subsidiary SolidWorld Middle East DMCC, based in Dubai, has today secured an order worth a total of approximately Euro 800 thousand to supply (expected on October 2024) two 3D design and printing systems for industrial and textile environments to a major government agency in the United Arab Emirates.

The two three-dimensional printers supplied, which will be installed in the emirate of Abu Dhabi for a major government agency, will allow 3D scanned objects and designs to be printed on both plastic materials and textiles, enabling the customization of highly aesthetic items.

This order is in addition to previous supplies awarded in May within the biomedical sector, also in the same region, confirming the importance of the investment made in early 2023 by SolidWorld with the opening of a new office in Dubai (UAE), through the newly-incorporated SolidWorld Middle East DMCC.

SolidWorld Group S.p.A. Chairperson Roberto Rizzo stated: “Our effort to broaden the international scope of the market with exclusive and patented products in both the industrial and biomedical fields is further rewarded by this new order worth approximately Euro 800 thousand from Abu Dhabi.  This new supply represents a significant step in our commitment to provide advanced digital 3D solutions in countries increasingly engaged in the transition to a digital economy, through which it aims to transform Dubai by 2030 into a global hub for digital knowledge-based, sustainability-conscious and innovation-focused enterprises. SolidWorld Group not only has the most innovative technologies to support this trajectory, in which 3D printing plays a central role, but above all has the know-how that is today the real added value of Made in Italy, recognized and appreciated throughout the Middle East. Our focus is on the Italian, American, Swiss and Middle Eastern markets, in particular the Persian Gulf, and we continue to work on boosting production capacity to ensure the complete internationalization of distribution”.

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SolidWorld Group S.p.A. is the parent of a group of 10 companies operating in the industrial, biomedical and solar areas founded in the early 2000s by engineer Roberto Rizzo. Listed since July 6, 2022 on the Euronext Growth Milan segment of Borsa Italiana (ticker S3D), the Group is a leading developer and integrator of the latest and most comprehensive digital 3D software and hardware for manufacturing companies, supporting and accelerating their journey to Industry 5.0. Thanks to SolidWorld, all stages of production – as far as sale and recycling – are integrated using technologies that make the production process faster and more sustainable and efficient. It operates through 16 offices and 3 technology hubs and has over 220 employees and more than 10,000 client enterprises. In 2023, the Group began mass production of Electrospider, a 3D bioprinter capable of reproducing human cell tissues and organs. The acquisition of Valore BF 3d S.r.l. was finalized in 2023, which SolidWorld saw acquire a new client base. In 2023 it completed the transfer of a technology business unit from Formula E S.r.l., a company of the Vismunda S.r.l. Group, a world leader in automation for equipment focusing on the renewable energy sector which enabled SolidWorld Group to enter the solar market. The SolidWorld Group reported revenues of Euro 62 million in 2023, with a value of production of Euro 66.6 million and EBITDA of Euro 3.4 million. www.solidworldgroup.it 

Contacts:

Investor Relations Manager
Elisabetta Cammarata
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Morena Azzi
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Federico Bagatella
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