Steve Russ's Colleagues at Fonon
Steve Russ's Contact Details
407-477-5618
Orlando, Florida Area
Fonon
Steve Russ's Company Details
Fonon designs laser-based material processing technologies for advanced industrial manufacturing and manufactures state-of-the-art equipment utilizing those technologies. The company products empower manufacturers in the areas of application-specific 3D metal printing (additive manufacturing), and 2D and 3D laser cutting, marking and engraving applications (subtractive manufacturing). Our products and technologies are used today in every sector of any manufacturing industry from food and beverage to medical, aerospace and semiconductor.Fonon is currently expanding its product portfolio of laser-based systems and entering a new long-term growth market, adding a line of metal Additive Manufacturing (AM) Systems or 3D Direct Metal Laser Sintering (DMLS) equipment. Entering the AM metal printing systems sector adds a new element to the company's value chain model, with sizable long-term recurring revenue in the form of metal powder required to produce applications in these systems. In a production environment, the recurring sales of metal powder can generate up to 4X the revenue of the capital equipment cost of each metal AM system sold. The transition to Fonon Corporation (ticker symbol: FNON) signals new dynamic growth opportunities in the metal material sector via sustainable recurring revenue, and increased equipment sales of high-dollar specialized metal printing systems, adding another long term layer of stability across the company's multi-market operational platforms. According to the McKinsey Study, it is estimated that 3D printing could generate $100B to $200B in economic impact per year by 2025. A CODEX study in 2014 suggested that metal based AM systems accounted for only 3% of the overall sales further confirming Fonon Corporation's decision to enter the AM manufacturing system market utilizing the company's proprietary Bulk-to-Shape metal printing system technology.