New technological frontiers: SolidWorld Group signs agreement for Middle East defense

Treviso, January 20, 2025 – SolidWorld Group S.p.A., a company listed on the Euronext Growth Milan market (ticker S3D) and head of the Group leader in the sectors of industrial 3D design and printing technologies, 3D bio-manufacturing and latest generation machinery lines for photovoltaic panel production, proudly announces the signing of a key Memorandum of Agreement between the subsidiary Due Pi Greco Srl and a leading Middle East region customer. The agreement covers advanced solutions for the military sector and is a strategic milestone in the Group’s international expansion and marks a major expansion in the defense sector.

“This Memorandum is an extraordinary achievement for our Group, confirming the value of our innovative technologies and expertise in meeting the needs of the most demanding international markets. We are consolidating our presence in the Middle East, a strategic area where SolidWorld already operates through a sales office ,” stated Roberto Rizzo, Chairperson of SolidWorld Group.

Strategic Growth in the Defense and Aerospace Sector

The signing of the Memorandum of Understanding marks the culmination of a strategic move initiated in 2024, with SolidWorld Group undertaking a series of decisive transactions to develop its technological and production capabilities. The acquisition of Due Pi Greco S.r.l. last October was a key transaction among these. The company – which specializes in the design, engineering and 3D printing of high-performance industrial components – has contributed significantly to the Group strengthening its leadership in the aerospace and military sectors.

SolidWorld further consolidated its strategy in December 2024 by optimizing and rationalizing resources through the lease of the Technologia e Design business unit to Due Pi Greco. This step has created an Italian hub of technological excellence, integrating advanced skills and cutting-edge technologies for the defense and aerospace sectors.

Focus on international expansion

Thanks to the synergy between Due Pi Greco’s expertise and SolidWorld Group’s technologies, the Group can now respond to the demands of the international market, ensuring customized and innovative solutions. The agreement in the Middle East not only acts to confirm the effectiveness of the Group’s expansion strategy, but also lays the foundation for significant growth over the coming years.

SolidWorld Group thus confirms itself as a benchmark for the technology industry, offering solutions that combine innovation, precision and reliability in the most critical and strategic sectors of the global economy.

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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 30.9 million in H1 2024, with a value of production of Euro 40.1 million and EBITDA of Euro 6.3 million www.solidworldgroup.it

CONTACTS
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Elisabetta Cammarata
investor@solidworld.it

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