The ExOne Company Announces Executive Leadership Changes

The
ExOne Company (NASDAQ:XONE) (“ExOne” or “the Company”), a global
provider of three-dimensional (“3D”) printing machines and 3D printed
and other products, materials and services to industrial customers,
announced that it has elected Brian W. Smith as Senior Vice President
and Douglas D. Zemba as Chief Financial Officer and Treasurer.

S. Kent Rockwell, ExOne’s Chairman and Chief Executive Officer, stated,
“Given the breadth of Brian’s leadership experience, as well as the
knowledge he gained of ExOne and our industry from being our CFO and
Treasurer for the past four years, we are pleased to promote him to
Senior Vice President. In his new Corporate Development role, Brian will
provide vital input into strategic decisions to grow and restructure our
business. A critical near-term responsibility is for him to lead our
resource allocation initiative in accordance with the global cost
realignment program that we recently announced. This restructuring and
cost reduction initiative is currently underway.”

He added, “Doug has demonstrated his financial acumen within our
organization in his capacity as Chief Accounting Officer and Assistant
Treasurer for over five years. Brian and Doug are proven contributors to
our leadership team and I look forward to continuing to work with both
of them in their new roles.”

Mr. Zemba served as ExOne’s Chief Accounting Officer and Assistant
Treasurer since March 2013, with responsibility for the Company’s global
accounting and financial reporting. He joined ExOne in January 2013 as
Director of Finance, shortly before the Company’s initial public
offering in February 2013. Previously, Mr. Zemba was a Senior Manager in
the Assurance practice of PricewaterhouseCoopers LLP.

About ExOne

ExOne is a global provider of 3D printing machines and 3D printed and
other products, materials and services to industrial customers. ExOne’s
business primarily consists of manufacturing and selling 3D printing
machines and printing products to specification for its customers using
its installed base of 3D printing machines. ExOne’s machines serve
direct and indirect applications. Direct printing produces a component;
indirect printing makes a tool to produce a component. ExOne offers
pre-production collaboration and print products for customers through
its network of ExOne Adoption Centers (EACs) and Production Service
Centers (PSCs). ExOne also supplies the associated materials, including
consumables and replacement parts, and other services, including
training and technical support that is necessary for purchasers of its
3D printing machines to print products. The Company believes that its
ability to print in a variety of industrial materials, as well as its
industry-leading volumetric output (as measured by build box size and
printing speed) uniquely position ExOne to serve the needs of industrial
customers.

Safe Harbor Regarding Forward Looking Statements

This news release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act with respect to
the Company’s future financial or business performance, strategies, or
expectations. Forward-looking statements typically are identified by
words or phrases such as “trend,” “potential,” “opportunity,”
“pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,”
“intention,” “estimate,” “position,” “assume,” “outlook,” “continue,”
“remain,” “maintain,” “sustain,” “seek,” “achieve,” as well as similar
expressions, or future or conditional verbs such as “will,” “would,”
“should,” “could” and “may.”

The Company cautions that forward-looking statements are subject to
numerous assumptions, risks and uncertainties, which change over time.
Forward-looking statements speak only as of the date they are made and
the Company assumes no duty to and does not undertake to update
forward-looking statements. Actual results could differ materially from
those anticipated in forward-looking statements and future results could
differ materially from historical performance.

In addition to risk factors previously disclosed in the Company’s
reports and those identified elsewhere in its Annual Report on Form
10-K, the following factors, among others, could cause results to differ
materially from forward-looking statements or historical performance:
the Company’s ability to generate operating profits; the results of the
global cost realignment initiative, fluctuations in the Company’s
revenues and operating results; the Company’s competitive environment
and its competitive position; ExOne’s ability to enhance its current
three-dimensional (“3D”) printing machines and technology and develop
new 3D printing machines; the Company’s ability to qualify more
industrial materials in which it can print; demand for ExOne’s products;
the availability of skilled personnel; the impact of loss of key
management; the impact of market conditions and other factors on the
carrying value of long-lived assets; the Company’s ability to continue
as a going concern; the impact of customer specific terms in machine
sale agreements on the period in which the Company recognizes revenue;
risks related to global operations including effects of foreign
currency; the adequacy of sources of liquidity; the scope, sufficiency
of funds for required capital expenditures, working capital, and debt
service; dependency on certain critical suppliers; nature or impact of
alliances and strategic investments; reliance on critical information
technology systems; the effect of litigation, contingencies and warranty
claims; liabilities under laws and regulations protecting the
environment; the impact of governmental laws and regulations; operating
hazards, war, terrorism and cancellation or unavailability of insurance
coverage; the impact of disruption of the Company’s manufacturing
facilities, production service centers (“PSCs”) or ExOne Adoption
Centers (“EACs”); the adequacy of ExOne’s protection of its intellectual
property; and expectations regarding demand for the Company’s industrial
products, operating revenues, operating and maintenance expenses,
insurance expenses and deductibles, interest expenses, debt levels, and
other matters with regard to outlook.

These and other important factors, including those discussed in the
Company’s Annual Report on Form 10-K, may cause the Company’s actual
results of operations to differ materially from any future results of
operations expressed or implied by the forward-looking statements
contained therein. Before making a decision to purchase ExOne common
stock, you should carefully consider all of the factors identified in
its Annual Report on Form 10-K that could cause actual results to differ
from these forward-looking statements.

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