SolidWorld Group supplies its Leatherworks AI software to one of France’s leading luxury brands. Value of the order euro 700 thousand

Treviso, May 15, 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 launched Leatherworks, the first Artificial Intelligence application developed in-house to revolutionize the design of leather accessories. Starting from the designer’s drawing, CAD3D-AI Leatherworks’ innovative software can automatically and in a very short time generate an infinite number of 3D leather bag and accessory models according to the technical and style parameters entered. Once the aesthetic solution is chosen, Leatherworks takes care of the entire design and execution in a fully automated manner, allowing the designer full freedom of expression.

The AI algorithm created by SolidWorld specifically for this software is able to process the complete product creation flow through a Machine Learning process that allows it to quickly learn how to make a bag, or an accessory, from an initial design.

“Leatherworks is just the first in a long line of applications based on artificial intelligence and our extensive CAD-3D expertise that we intend to offer our customers to speed up and improve the creation of new products” stated Roberto Rizzo, Chairperson and Chief Executive Officer of SolidWorld Group.

By the end of 2024 the ‘Made in Italy’ Leatherworks software will be used for the first time by one of France’s leading luxury handbag manufacturers, which purchased it
for Euro 700 thousand.

***

SolidWorld Group S.p.A. is the parent of a group of 11 companies founded in the early 2000s by engineer Roberto Rizzo. Listed on the Euronext Growth Milan segment, 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 14 offices and 3 technology hubs and has over 150 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. The SolidWorld Group reported revenues of Euro 33.1 million in H1 2023, with a value of production of Euro 35.2 million and EBITDA of Euro 2.8 million. The company has been listed on the Euronext Growth Milan segment of Borsa Italiana since July 6, 2022 (with ticker S3D).

Contacts:

Investor Relations Manager
Elisabetta Cammarata
investor@solidworld.it

TWIN Srl – Corporate Media Relations
Maria Di Giorgio
T: +39 335 7737417
E-mail: mara@twin.services

Brando Fioravanzi
T: +39 349 3243861
E-mail: brando@twin.services

Federico Bagatella
federico@twin.services
T: +39 331 8007258

Chiara Bortolato
chiara@twin.services
T: +39 3478533894

Euronext Growth Advisor & Specialist
Integrae SIM | info@integraesim.it | T: 02 9684 6864| Piazza Castello, 24 Milano