XBEAM APPOINTS MICHAEL R. RIESEN AS CHIEF EXECUTIVE OFFICER

xBeam expands its remarkable team of thought leaders in EB-wire DED Metal AM
Michael R. Riesen has joined xBeam, Inc. as its Chief Executive Officer. Mike comes with 35 years of advanced manufacturing and global management experience. Most recently, Mike held the senior leadership role at Sciaky, Inc for 8+ years, where he pioneered the creation and strategic roadmap for Sciaky Electron Beam Additive Manufacturing technology (EBAM), and successfully navigated the development, roll out and global deployment throughout the innovation path and technology curves. Prior to Sciaky, Mike held leadership positions with major OEM Manufacturing organizations leading the transition to Lean Manufacturing, The Visual Factory, Demand Driven Replenishment, and Supply Chain Partnerships. Riesen commented: “I am delighted to join the xBeam team in this leadership role. Unlike many conventional Wire Fed DED AM Processes, xBeam® Technology and innovation will truly disrupt this market space with unique and creative AM Metal solutions”.

Dmytro Kovalchuk, Founder, Chairman and President of xBeam, Inc. said: “Mike brings an incredible wealth of experience, knowledge, drive and passion to xBeam’s core businesses. Mike will lead strategic, growth, and technology initiatives focused on creating a worldwide presence for this next generation Metal AM DED Enterprise. This will include the creation of fully operational Equipment Showrooms / Center of Excellence and Assembly plant locations in the US, Europe, and Asia. With the only truly affordable and scalable Metal AM DED Wire Fed Product Portfolio, xBeam is positioned to become the primary worldwide supplier in this exponentially growing Metal AM space.”

About xBeam: xBeam is a pure play premium Electron Beam – Wire DED metal AM OEM and services business with proven applications in Aerospace, Defense, Oil & Gas, and with a strong penchant towards Space Technologies. xBeam® has brought a revolutionary and unparalleled innovation that combines, without compromise, all the basic advantages necessary to grow a successful digital manufacturing enterprise. xBeam is well positioned to lead the DED-Metal-AM industry segment with its patented next-Generation technology, significantly lower price points, an unmatched scaled product line, competitive differentiation, and addressing a large un-met need at end users, researchers as well as contract service bureaus with a visionary industry thought leading technology and management team.

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