Financial

Precision ADM Receives Strategic US Private Investment

WINNIPEG, MANITOBA (PRWEB) SEPTEMBER 10, 2019

Precision ADM, Inc. (“Precision ADM” or “the Company”), a global engineering and metal additive manufacturing solutions provider, is pleased to announce that it has received strategic US private investment from Andy Christensen and Joe Allison.

Andy Christensen, Founder and President of Medical Modeling Inc., has spent his entire career focused on developing and expanding the medical applications of additive manufacturing. Medical Modeling was acquired by 3D Systems in 2014 and contributed to the creation of a new business vertical for 3D Systems in the Healthcare sector. Andy left 3D Systems in 2015 to pursue other interests.

“It’s a pleasure to be aligned with Precision ADM, their great team and vision for additive manufacturing,” said Mr. Christensen. “Additive metals in the orthopedic, spine and craniomaxillofacial space is in a high growth phase with ample opportunity in serial and patient-matched implants.”

Joe Allison co-founded Solid Concepts in Valencia, CA in 1991 which lead the 3D printing industry for many years as a parts manufacturer and software provider. Solid Concepts was acquired by Stratasys in 2014, then merged with Harvest Technologies and RedEye to create Stratasys Direct Manufacturing, where most recently Mr. Allison served as CEO.

“Precision ADM is well positioned to aggressively expand 3D printing into new medical and aerospace applications,” said Mr. Allison. “The executive team has the vision, experience and passion to make a material difference in this industry.”

This investment will provide added capital to further the Company’s aggressive growth strategy in the medical device and aerospace sectors, including securing additional manufacturing capacity, quality systems, and material selection for serial production. Additionally, this investment grants the Company the ability to further implement Industry 4.0 strategies.

“I am very grateful to Andy and Joe for their investment and their confidence in Precision ADM as they are both true additive manufacturing Pioneers in the medical and aerospace industries over the last 25 years,” said Martin Petrak, Chief Executive Officer. “Our customers have already come to expect the highest quality and greatest service from us, and I believe this investment will truly enhance their additive manufacturing experience.”

For more information on manufacturing medical devices, aerospace, industrial and oil & gas parts, and other additive manufacturing solutions, please contact Precision ADM via email at: info@precisionadm.com or visit us online at: precisionadm.com

About Precision ADM Inc.

Precision ADM is a global engineering and manufacturing solutions provider that uses Additive Manufacturing, also known as 3D Printing, as a core technology, complimented by multi-axis machining to manufacture high value components and devices for the medical, aerospace, energy, and industrial sectors. Precision ADM has created a comprehensive Advanced Digital Manufacturing™ process which includes Design Support, Engineering, Manufacturing and Finishing. Precision ADM possesses ISO 13485:2016, AS9100 Rev D, and ISO 9001:2015 certifications and is headquartered in Winnipeg, Manitoba, Canada.

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Mike Adams

Mike Adams is a medical device sales leader with extensive clinical experience in spine and biologics and a nationwide distribution network built over the last 10+ years in the industry. He has held various leadership positions in healthcare and device including Distributor Partner, Hospital COO and Spine VP of Sales. He currently leads the commercialization strategy for OrthoSpine Partners and is a Distributor Principal at Novel Medical. Because of his unique career path, Mike has the ability to see the healthcare business from multiple perspectives making him passionate about building strategic partnerships that help reduce overall costs, drive innovation, and cultivate growth for new markets.

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