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Savic Motocycles has simply made its first public appearance at the Melbourne motorcycle Expo, with a brand new electric cafe racer it be planning to have on sale through 2020. The proper-of-the-latitude Alpha bike will pack 60 kW (eighty hp), with a max range around 250 km (one hundred fifty five mi) round town and a cost tag round US$14,500.
founded by way of 26-yr-old Melbourne engineer and MBA holder Dennis Savic, this new company is focusing on excessive performance and simplicity, in addition to maintaining fees low. As such, its entry-stage Omega bike will charge simply AU$12,000 (US$eight,seven-hundred) – albeit with a gentle 20-kW (27 hp) motor.
The bikes are built round an easy, curved steel tube body. whereas this prototype shows the big, finned battery field as a separate unit, in the creation bike, battery and motor can be built-in together right into a single, liquid-cooled, L-fashioned unit that varieties a part of the stressed out structure of the frame.
again, whereas this prototype makes use of significant, cylindrical battery cells, Savic tells us the production bike will use a extra compact arrangement of pouch cells. The maximum battery dimension should still be round 11 kWh, and the quickest bike, the Alpha, will run at round one hundred fifty-155 volts. The heaviest production bike may still be round one hundred eighty kg (397 lb), which is removed from overweight, and there might be significantly lighter types attainable with the Delta and Omega bikes, which use smaller motors and batteries.
The Alpha's 60-kW (80-hp) motor would make for a ripping ride if Zero's jaw-losing 70-hp SR is any indication. height torque, available always through the direct force single-velocity powertrain, is around a hundred and fifty Nm (a hundred and ten lb-ft), and suitable velocity should be round one hundred sixty km/h (one hundred mph). Savic himself, who once owned a Vectrix electric scooter, says the prototype is outstanding enjoyable to experience, with a clean, quiet magic carpet-like feeling to it.
Will it wheelie? Savic laughs and says, "The prototype, I have not tried. however i could be very surprised if a 60-kilowatt motorbike can't get the entrance wheel up!" Early bikes will present purchasers the means to spec their own forks, shocks, wheels and tires.
while the bikes are fully Australian designed, Savic is open about his manufacturing realities: "now we have installation a deliver chain in Taiwan. We definitely had no other alternative, we may get ingredients utterly made for only the rate of the materials here in Australia." the primary construction run is anticipated through 2020, and will be round 50-100 bikes. Savic plans to promote this primary run in Australia earlier than seeking to expand his distribution networks.
it's going to be a captivating check case for the Aussie electric motorcycle market, as there may be very little within the method of fast charging infrastructure down under at this stage. Couple that with a lack of executive subsidies or tax breaks on low emissions cars, and add on a reasonably conservative biker market, and Savic could have an uphill combat on his palms. Vectrix and zero, as an instance, could not find a means to make things work in the Australian market.
however, Vectrix and nil may additionally have played their hand too early. As electric transport tech continues to trickle into the general public awareness within the sort of electric automobiles, e-bikes, skateboards, scooters and all manner of other conveyances, individuals develop into greater receptive, and economies of scale start to kick in. And if Savic manages to hit his cost elements, he'll be capable of offer fairly respectable packages targeted at the eco-friendly commuter or brief-latitude twisties rider.
Dennis Savic has utilized a considerable degree of choice, smarts and pragmatism to get things to this aspect. we want this younger man and his business all of the most reliable, and should live in touch as Savic strikes toward production.View gallery - 10 photographs
Industrial 3D printers are used for manufacturing. Reliability, uptime and repeatability are very important to these techniques. the provision of the printer and the throughput are key considerations on whether to buy one. Industrial 3D printers have a wide range of application areas and make numerous sorts of parts. Many 3D printers are niche items and optimized for one particular software, client, fabric or use case.
i know everybody desires to buy the “choicest” 3D printer however there isn’t an overall optimum 3D printer. similar to there isn’t a “top-rated vehicle”, a Veyron is tremendous, until you wish to take four people somewhere. A 911 is an amazing vehicle however not at offroading. usacouldn't use either motor vehicle to super correctly carry packages, even if they are speedy. in the same vein, 3D printers are horses for courses. There are selected methods for dental offices and others for dental centres and others that would make experience doing dental production in a extra factory-like setting. similarly, there are programs that are meant to be deployed in manufacturing facility and others that are less industrial but each are getting used for manufacturing. depending on the throughput and even a fabric or geometry a undeniable printer may be more desirable for you. because of this, I’ve tried to divvy up our industry into a couple of segments that appear logical to creating a 3D printing buying decision easier for you.
In-office construction & Prototyping techniques are techniques that should be in a position to function in an workplace environment. They may still now not want industrial HVAC or high energy or other advanced requirements. They should still be more professional and have greater repeatability than computer methods. In some situations these systems are used to make many tens of hundreds of ingredients. These components are always for engineers and designers for trying out or they should be brought to in an office. In regularly occurring these systems should be easy to make use of, now not a ache to use and give respectable components. In support removing regularly these machines require a water bath, solvent tub, water jet station or similar to remove guide material. This enviornment will get quite messy if no longer tended to smartly and here is no longer very workplace-friendly indeed. other methods that are too large or would provide too a good deal trouble or too tons loose powder to work in an workplace are not put during this class.
high-Temperature 3D Printers print at above 420°C and have build chambers that can also be heated to above ninety°C. they have got hardened components, are frequently handy to make use of and may bring decent pleasant parts when compared to laptop techniques. much less in a position in construct volumes and speed than a lot better industrial programs they may still let people having said that make high-quality parts. They may still have loads of settings and have good handle over the heat in build chambers. Nozzle temperatures, construct platform temperatures and airflow should be controlled. A excessive diploma of handle over the temperatures in the build chamber is a fine signal of a good excessive-Temperature 3D Printer, HEPA and carbon filters may still be on the computer as may still some sort of directed airflow solution to allow greater pin factor half cooling. The leading use of those systems is to 3D print ultra excessive-efficiency materials corresponding to PEEK, PEKK and PEI (Ultem). PEEK is in high demand for aerospace and clinical purposes and has one of the vital optimum continous service temperatures, strengths and resistance to solvents that you may locate in a plastic. PEKK is a more moderen material that can have comparable efficiency in some instances but may well be eminently greater tweakable. PEI is a cloth this is eminently appropriate for aerospace functions because it has low smoke, low toxicity and low flame as well as being inherently flame retardant. These materials are pushing the envelope in the performance of polymers and are being used to replace metals in plane, high-efficiency vehicles and in the physique.
PPA (these are excessive-efficiency nylon substances reminiscent of Ultramid, Rilsan, Stanyl and other more recent types of those materials) have historically no longer been able to reach the efficiency ceilings of PEEK (they’re additionally at the same time known as PAEKs) and the like however companies are establishing substances that in some circumstances have totally excessive efficiency. establishing, testing and producing these ingredients should be accomplished on excessive-temperature 3D printers.
the two categories “For the gigantic-Scale Manufacturing of high-quality and totally specified gadgets” and “For the tremendous-Scale Manufacturing of challenging conclusion-Use constituents” might also seem to be just a little contrite. in fact, even though manufacturers the usage of 3D printing to make constituents continually need sturdiness and dimensional accuracy in any respect expenses or want smoothness and element in any respect can charge. For a hearing assist, you need it to be at ease and smooth specifically. It doesn’t must be extremely powerful. For that kind of an utility you’re going to be SLA or DLP to make it constantly as a result of these can at scale offer you thousands and thousands of easy designated parts that work as a hearing assist. in case you’re making a mildew for a dental half you’re also going to make use of these applied sciences and if you would like a cast for jewellery you’ll emerge as with these programs as neatly.
meanwhile other customers need challenging materials that should be strong and hang up smartly in the hardest conditions. right here basically you flip to FDM or SLS to make these components. These printers are in a position to spitting out tens of heaps of these dimensionally accurate materials per day. They’re much less precise and clean than the other ingredients however superior. often people question me if they should get FDM or SLS or SLA. Its the wrong question to ask. what is your need? What do you need to make and what does it should do? in keeping with that continually, we turn out to be taking a fork within the road and either go for tremendously distinctive applied sciences or hard ingredients.
low in cost big-format systems are a totally new class. Many older techniques are optimized for ten thousand issues the measurement of a marble. With massive-format systems, we began to look $20,000 to $60,000 make 50 cm by way of 50 cm components. A incredibly certain expensive half the sort of measurement (think a grand for the part) was already feasible. These systems will let you make that half for a number of hundred greenbacks though. These programs spread out fully new markets for 3D printing. things comparable to 3D printed mannequins, moulds for concrete, constructing materials, bumpers and panels on cars. other systems are more suitable at velocity and constantly additionally detail but these programs boost least expensive significant ingredients, occasionally as excessive as a meter or two.
The purpose of this guide is to give some readability in the 3D printing market as to which techniques are the finest decisions for manufacturing using 3D printing in plastics. These classes are also speculated to provide people a clearer graphic of what they can find for their needs. Is there a class that you think I may still add?
I’ve executed 50 interviews with key people in the industry on the OEM, polymer, chemical substances, additives, filament, powder and industrial users to estimate market sizes and relative deserves of vendors, materials and applied sciences. subsequently, I had over 40 extensive interviews with industrial end users of 3D printers this year to check how satisfied they have been with their machine, what they lacked and how they used this device. For some machines, I’ve been in a position to 3D scan and check measure materials as well as look at yield. I interviewed resellers in a couple of countries to peer what they concept of their providing and what concerns they had with OEMs and machines. I’ve been doing competitive evaluation and aggressive landscaping in 3D printing for a decade now and have been tracking the computing device, materials and software records for nine years in addition to doing these interviews.
There are tons of carriers and there's a lot of price judgment in the sum total of this evaluation. I do not have records on all machines and can now not tune all machines’ performance at the moment. There is not any real DPI or megapixel for our industry and evaluating components is difficult as well. I’ve tried to be as reasonable as i will be able to. I don’t base this on press releases, promises or blah blah. I be aware of that you say that your factor is better. in the case of hype versus a consumer who can tell me that his gadget has been working non cease for weeks, I’ll take the latter judgement. I do keep in mind that this method isn't superb and besides the fact that children I do have some complicated data, a lot of the information that this is in response to is subjective in nature. however, I do believe that here is essentially the most effective solution to book clients to reviewing the most beneficial methods for them. I don’t are expecting individuals to go out an impulse buy a $330,000 printer in response to this article however should assist you separate the wheat from the chaff. Ideally, I’d have a lab with 200 printers in them and be capable of dial each in after which compare output with metrology and checking out. this is some thing I’d cherish to do, so please do say hi in case you know how I could make this turn up. additionally, think free to send me printers.
I’m making an attempt to make a really quick e book right here to help choice-making. With clients who are searching for printers anything like this (however made for them) basically does suffice. If I put in too a good deal aspect it's going to become unwieldy and boring. despite the fact, on a previous e-book americans talked about i used to be too short. What details would you adore me to include? What could be beneficial for you? If things like construct quantity are essential, I may make a table as an instance. I feel that this might be handier and make this more digestible for you. I welcome any remarks and information on how to enrich this guide.The top-quality Industrial 3D Printers for In-office creation & Prototyping
building on Stratasys’ lengthy culture of ready in-workplace methods the $50,000 F123 sequence F370 places tried and authentic efficiency in a new vivid kit with four material bays. restricted in substances when in comparison to open printers the reliability of the device continues to be unmatched at this price aspect for difficult, durable ingredients. These techniques work with the GrabCAD solution and might be monitored remotely. if you are looking to simply press print and walk away this can be a superb option for you. in case you want to experiment with tons of of new substances then it may be much less of a sensible choice.
The Markforged Mark Two system has enjoyable capabilities in extruding composite materials in a computer form aspect. The Eiger software is some of the best software to make use of day in day trip. mixed with wonderful substances and fabric design capacity that here's a superb equipment, in particular for those within the automobile industry or those working with kevlar or carbon fibre already.
The VSHAPER pro is a ready excessive-temperature device that's compact and straightforward to use. purchasable for round $17,000 this gadget brings high-efficiency polymers into a semi-office ambiance. The Vshaper is a sensible choice for easy prototyping of excessive-efficiency materials reminiscent of PEEK and PEI in a small form ingredient.
The Ultimaker S5 simplest fees $6000 and is classed as a computing device gadget, but the efficiency of this particularly small system combined without difficulty of use make it a powerful contender for use in the workplace or lab.
The capabilities of the Stratasys J750 are pleasing. hues, gradients and entertaining materials make this an incredible choice for those that want extremely good shade 3D prints for reveal or prototyping in-apartment. cloth is expensive and never as hard as different materials, and this inhibits manufacturing, but the components will blow you away. a brilliant answer for a design branch at an car firm for instance.The ideal methods for top-Temperature materials
The INTAMSYS FUNMAT pro HT is a $50,000 high-temperature system with a 450 x 450 x 600 mm construct extent and a hundred and sixty°C chamber temperature and a 450°C extruder temperature. The system is primarily competent for the PEI (Ultem) fabric. INTAMSYS is time-honored for making probably the most reasonable excessive-temperature techniques but is now relocating up the meals chain with a much better grade computing device.
Roboze’s Argo 500 has nozzle temperatures of 550°C, and 180°C build chamber temperatures. The Italian business has led the way in popularising excessive-temperature materials and now prints carbon fibre reinforced PEEK substances in a 125 Liter volume build chamber with a nifty vacuum bed.
The 3DGence business F340 has interchangeable nozzles, a heated chamber to save materials in addition to air filtration. The erstwhile little-wide-spread company made a significant influence with the unlock of this in a position $20,000 excessive-temperature gadget.
if you say miniFactory many will suppose of the file sharing service MyMiniFactory, but here is a unique enterprise. MiniFactory’s Innovator 2 is a $30,000 dual nozzle printer developed to make PEEK materials. The Finnish company makes amazing machines using linear courses, servos, HEPA filtration and first-class substances. notably the frenzy in opposition t greater-pleasant linear courses and servos appears to be a logical step in expanding accuracy and speeds that the relaxation of the industry should still observe.
The AON3D M2 is a twin unbiased device head equipment with scorching-swappable construct plates with liquid cooling on steppers and toolheads for $30,000.
Any higher Stratasys gadget can, of direction, be protected in this section. Their surprising 900mc is outlined extra down.For the colossal-Scale Manufacturing of first-class and extremely special gadgets
Formlabs form 2 3D printers may also be mixed with the form mobilephone to fabricate at scale. in spite of the fact that the printer is a computer one, the telephone extends the kind’s capabilities into manufacturing. computerized half cleansing and QA lessen the fees of 3D printed substances and processing.
The EnvisionTEC techniques have lengthy been the general in the manufacturing of in-the-ear hearing aids, making thousands and thousands per year. on the identical time, other models of the same DLP systems are amongst the most productive in jewellery. The Perfactory is an historical model however one it is tried and authentic with a long service life and many types customized to particular applications.
The ProX 800 is a beast with a 650 x 750 x 550 mm build volume. This 3D programs SLA printer can make huge tremendously particular constituents in a incredibly productive gadget based on tried and real know-how.
The ProX is optimal for significant gadgets; the Formlabs has the lowest prices whereas the Perfactory is the optimal deskside system for hearing aids and jewellery.For the significant-Scale Manufacturing of challenging conclusion-Use materials
The Formiga P110. The P110 is a productive selective laser sintering gadget (powder bed fusion) with a comparatively small form component. able to producing a wide array of geometries predictably, the P110 is regarded by using EOS to be their entry-level lab equipment, however clients have globally taken it into production.
The Stratasys F900 is a incredibly in a position manufacturing equipment with industry-leading reliability and build volumes. Stratasys’ substances portfolio is extra confined than open techniques which have entry to more materials. Their optimized ecosystem substitutes this for ease of use and peace of intellect with every environment and fabric dialled in completely. Stalwart substances reminiscent of ASA, PEI and ABS can be found on this equipment.
The EOS P500 is a enormously reliable optimization of the EOS selective laser sintering methods. Reliability, greater utilisation and cloth dealing with make this a really versatile productive gadget for an unlimited array of constituents.
Mass Portal’s Dynasty AMS is a print farm that combines automation and a gantry with a particularly productive array of Mass Portal’s 3D printers. The neatly-constructed machines mix intelligent automation utility with computerized build environment, storage and calibration. lower detail than SLS and SLA, these hard FDM materials are lessen charge.
The HP Multi Jet Fusion expertise (now referred to as Jet Fusion or MJF) is comparatively new however the company has put its appreciable substances behind it. less proven than SLS and FDM, Multi Jet Fusion may also yet supply us some important improvements in being able to tweak materials, features, facets and surfaces. in the mean time HP is specializing in increasing its latitude of materials and offering automation. The methods are capable and HP is actually constructing the required ecosystem and tooling. The HP 4210 looks like simply the classification of printer that could extend the elements made with 3D printing enormously.most effective most economical huge-layout programs
The Tractus3D T3500 is a one meter with the aid of two meter delta construct volume equipment with a 300°C nozzle temp and glass plate. Costing round $35,000 it has been used to manufacture outside signage and mannequins in collection construction.
The Builder intense 2000 isn't system however is used to make industrial parts, props, outside signage and big jigs. The $20,000 printer has good value for funds with a 700 x seven-hundred x 1820 mm build quantity and dual extrusion.
The DeltaWASP 3MT Industrial charges round $23,000 and is a very versatile laptop. Print first-class isn't fabulous, however the crew behind the WASP wishes us to print plenty more than just plastics. WASP has nozzles for concrete, and excessive speed and one may add a CNC milling head to the printer.
another delta is Olivier van Herpt’s Ceramics Printer costing $forty,000. This equipment makes materials as much as ninety cm in top in porcelain, clays and ceramics. in a position to series construction for lots of ceramics ingredients this is probably the most specified giant-structure ceramics printer on present these days and the print first-rate is incredible.
who've I left out? What more assistance would you like to have?
let us know your picks for top-quality 3D printers at 3DPrintBoard.com or share your ideas in the facebook comments under.
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There is a tremendous commercial interest in Data Center Power Market solutions owing to increased operations of data centers. These centers are coming up in various parts of the world. This is also creating a severe need for optimization of data centers. Cost and power are two of the most important aspects of data centers. A significant amount of effort is being made in optimizing power efficiency in data centers in order to reduce energy consumption and cut down operational expenses. Such factors are supporting the growth of the global data center power market.
Integration of data center power solution also eradicates discrepancies in power supply via UPS systems. Rampant digitization and boom in cloud computing has reflected favorably on the global data center power market. Moreover, increased internet penetration in developing countries and growing number of social media users are some of key factors that are making data centers extremely important. Many of businesses are now moving online to increase their overall presence and extend offshore operations. As a result, there is a necessity for large volumes of virtual storage systems and computing needs. Data centers offer cloud-based infrastructures that facilitates such computing operations.
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Data Center Power Market Competitive Landscape:Some of the leafing market participants profiled in the MRFR’s report include Emerson Electric Company (U.S.), General Electric (U.S.), Delta Power Solutions (Taiwan), Rittal GmbH & Co. KG (U.S.), Tripp Lite (U.S.), Black Box Corporation (U.S.), HP Enterprise Company (U.S.), ABB (Switzerland), Eaton (Ireland), Server Technology, Inc. (U.S.), Schneider Electric (France), Caterpillar Inc. (U.S.), CyberPower System (Taiwan) and Raritan Inc. (U.S.)
Data Center Power Market Segmental Analysis:This report also includes a detailed segmental analysis of the market based on data center type, component and end-user. By data center type, the market is segmented enterprise size data center, mid-size data center, and large size data center. By component, the market has been segmented into service and solution. The service segment is further sub-segment into consulting and training, system integration and support and maintenance. The solution segment is further sub-segmented into cabling infrastructure, uninterrupted power supply (UPS), power distribution, backup solutions and others. By end-user, the market has been segmented into retail, healthcare, power & energy, government, BFSI, IT & telecommunication and others.
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Data Center Power Market: Regional AnalysisThe market has been covered across regions such as Europe, North America, Asia Pacific, the Middle East and Africa. Currently, North America commands the largest market share and is likely to retain its dominant position over the forecast period. Rising concerns over energy consumption and growing IT requirements in the countries such as the U.S and Canada is supporting the growth of the market in North America.
Meanwhile, the market in Asia Pacific is projected to exhibit the strongest CAGR. Factors such as growing usage of cloud-based application, massive surge in number of data centers, growth of the IT and telecom sector and favorable police are driving the market in the region.
Intended Audience:• Technology Investors• Research/Consultancy Firms• Software Providers• System Integrators• Distributors and Resellers• Government and Standardization Bodies• Power & Energy Management Bodies
Table of Contents1 Executive Summary2 Scope of the Report2.1 Market Definition2.2 Scope of the Study2.2.1 Research Objectives2.2.2 Assumptions & Limitations2.3 Market Structure3 Market Research Methodology3.1 Research Process3.2 Secondary Research3.3 Primary Research3.4 Forecast ModelContinued…
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List of TablesTable 1 Global Data Center Power Market: By Region, 2017-2023Table 2 North America Data Center Power Market: By Country, 2017-2023Table 3 Europe Data Center Power Market: By Country, 2017-2023Continued…
List of FiguresFigure 1 Global Data Center Power Market SegmentationFigure 2 Forecast MethodologyFigure 3 Porter’s Five Forces Analysis of Global Data Center Power MarketContinued…
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Some consolidation in the world of enterprise storage to kick off the new year: the storage and data security giant Imation Corp. has acquired Nexsan Corporation, a specialist in disk-based storage systems, for $120 million, with $105 million of that in cash and the remainder in publicly-traded Imation shares, according to a statement from the companies.
The move appears to be a part of Imation’s efforts to rebuild its business around more high-growth areas, as it comes off a particularly bad quarter of declining revenues in all of its existing lines of business.
Like many other startups in the enterprise space, Nexsan was a success story that somewhat flew under the radar. Nexsan competes against companies like EMC and HP selling storage specifically to companies in the small- and medium-business sector. It appears to have only raised $7.5 million in funding since being founded in 2000. In 2011, it had revenues of $82 million with margins of over 40% on its products.
For Imation, which offers storage solutions both to enterprises and consumers, the deal will add 11,000 customers to its books, and give it a boost in its business targeting the SMB segment — a sector that has followed in the footsteps of larger enterprises by increasingly needing remote storage alternatives for their data, a key area to target as business growth among larger enterprises slows down and faces more competition from larger players (like HP and EMC). As Mark Lucas, the president and CEO of Imation, puts it, Imation is “targeting markets with strong growth rates.”:
“Our strategy includes focusing on the underserved SMB market with purpose-built storage systems and appliances,” he noted in a statement. “This is a market that Nexsan knows well.”
Investing in healthily-growing areas is an imperative at the moment for Imation: the company in Q3, at the end of October, reported that its revenues were $248.2 million, down 19.6% from Q3 2011, on the back of missing revenue expectations in “almost all lines of business” and all regions, but with specific problems in the company’s traditional media storage business — which will have been disrupted massively by the big rise in lower-cost cloud-storage services.
Imation also posted an adjusted operating loss of $6.5 million: that included a benefit in restructuring and other charges of $3.6 million, and a diluted loss per share of $0.17. Excluding those charges the loss would have been $10.1 million.
One recent appearance of Nexsan in the news was in September, when it was named, along with Rackspace and others, in a patent lawsuit filed by PersonalWeb and Level 3 over Github hosting. We are reaching out to the company to find out the latest developments in that case. Update: Imation “will not have any liability with respect to the case you reference,” an Imation spokesperson writes in an email, but she would not comment further on whether the case has been settled or dismissed.
Nexsan, which is based in Thousand Oaks, California, employs about 200 people across the U.S., UK and Canada. These employees, led by CEO Philip Black, will all be joining Imation, the company says.
Imation Acquires Nexsan CorporationAcquisition Further Strengthens Imation’s Tiered Storage and Security Solutions Growth Platform, Accelerates Strategic Transformation
OAKDALE, Minn.–(BUSINESS WIRE)–Imation Corp. (NYSE: IMN), a global scalable storage and data security company, has reached an important milestone in its strategic transformation. Imation today announced that it has acquired privately held Nexsan® Corporation, a Thousand Oaks, Calif.-based provider of disk-based storage systems. As the Company continues to execute its strategy, Imation is leveraging its deep data storage core, building a platform for long-term growth and improving operating margins in high-growth data storage and security solutions markets.
“We are excited to have Nexsan become part of Imation”The acquisition of Nexsan brings to Imation a proven technology platform and a robust portfolio of disk-based and hybrid disk-and-solid-state storage systems with more than 11,000 existing customers worldwide. It is expected to significantly accelerate Imation’s growth in the small and medium-sized business (SMB) and distributed enterprise (SME) storage markets. Imation will provide the Nexsan business with global scale and a well-known storage brand for global expansion. With SMBs and SMEs struggling to address their rapidly increasing data storage and management needs, the combined Imation and Nexsan portfolio will offer customers an attractive, price / performance alternative to competitive offerings.
The combination cash-and-stock transaction included approximately $105 million in cash and 3,319,324 Imation common shares, the equivalent of approximately $15 million.
“Imation’s acquisition of Nexsan is an exciting next step in our strategic transformation, which includes investing in growth platforms in data storage and security solutions, where we are targeting markets with strong growth rates,” said Mark Lucas, president and CEO of Imation. “Our strategy includes focusing on the underserved SMB market with purpose-built storage systems and appliances. This is a market that Nexsan knows well. Nexsan’s management team has grown this business from start-up to more than $80 million, with strong gross margins. Nexsan is a successful company that is addressing some of today’s fastest growing trends in storage, and we are pleased that its management team, including CEO Philip Black, will join Imation. The combination of Nexsan’s products, technologies, and talented teams with Imation’s global reach and infrastructure will be an excellent accelerator for our growth strategy in storage solutions,” concluded Lucas.
“We are excited to have Nexsan become part of Imation,” said Philip Black, CEO of Nexsan. “Imation provides us the scale and global footprint to expand our business, while still keeping intact our award winning partner program, our strong management team and employees, and our innovative products and roadmap. We look forward to working as part of Imation to deliver compelling solutions that meet the growing storage, archive and compliance requirements of businesses worldwide. This is good news for Nexsan channel partners, employees and customers.”
Nexsan’s 2011 revenues were $82 million and are continuing to grow, with gross margins in the 40 percent range. This acquisition is expected to be immediately accretive to Imation’s EBITDA.
Approximately 200 employees, based in the U.S., U.K. and Canada, have joined Imation with this acquisition. The Nexsan business will continue to operate within Imation from Nexsan’s current headquarters in Thousand Oaks, Calif., under existing management. Integration and global expansion activities between Imation’s Tiered Storage and Security Solutions business and Nexsan will be determined in first quarter 2013.
Imation Schedules Fourth Quarter 2012 Financial Results Conference Call
Imation also announced that it is scheduled to release the Company’s fourth quarter 2012 financial results on Wednesday, February 13, 2013 at 6:00 a.m. Central time. A teleconference for the financial community and a live webcast are scheduled from 9:00 to 10:00 a.m. Central time.
The live webcast of the teleconference will be available on the Internet at www.imation.com or www.streetevents.com. A replay of this webcast will be available at either of these websites through Friday, February 22, 2013. A taped replay of the teleconference will also be available beginning at 11:00 a.m. Central time, February 13, 2013 until 11:00 p.m. Central time February 22, 2013 by dialing (855) 859-2056 or (404) 537-3406 (Conference ID #64544023).
All remarks made during the teleconference will be current at the time of the call and the replay will not be updated to reflect any subsequent developments.
About Imation Corp.
Imation (NYSE: IMN) is a global scalable storage and data security company. The Company’s portfolio includes tiered storage and security offerings for business and products designed to manage audio and video information in the home. Imation reaches customers in more than 100 countries through a powerful global distribution network and well recognized brands. Additional information about Imation is available at www.imation.com.
Nexsan® is a leading provider of data storage systems with more than 33,000 systems installed at 11,000 customers worldwide. Nexsan’s pioneering Hybrid Storage systems combine solid-state technologies, disk storage and advanced software to deliver radically new levels of performance and capacity at lower cost. The company’s advanced technologies enable organizations to optimize traditional, virtual and cloud computing environments for increased productivity and business agility. The company delivers its data storage systems through a worldwide network of cloud service providers, value-added resellers and solution integrators. Nexsan is based in Thousand Oaks, Calif. For more information, visit www.nexsan.com.
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