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Press Release

Shape Technologies Group Announces Appointment of New Chief Financial Officer
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KENT, Wash., October 18, 2016 – Shape Technologies Group, Inc. (SHAPE), the world leading supplier of waterjet technology and ultrahigh-pressure (UHP) manufacturing process solutions, an American Industrial Partners (AIP) portfolio company, today announced the appointment of Robert Carlson as chief financial officer. Mr. Carlson will oversee all financial aspects of the company.

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Shape Technologies Group Acquires Opta Minerals Garnet Business
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KENT, WA–(Marketwired – September 12, 2016) – Shape Technologies Group, Inc. (SHAPE), the world leading supplier of waterjet technology and ultrahigh-pressure (UHP) manufacturing process solutions, an American Industrial Partners (AIP) portfolio company, today announced the completion of its acquisition of the Opta Minerals Inc. (Opta) garnet business. SHAPE will operate the business as Shape Mined Materials.

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Shape Technologies Group Names Jim Jenson as New President of Component Shaping Group
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KENT, WA–(Marketwired – September 09, 2016) – Shape Technologies Group, Inc. (SHAPE), the world leading supplier of waterjet technology and ultrahigh-pressure (UHP) manufacturing process solutions, an American Industrial Partners (AIP) portfolio company, today announced that James (Jim) Jenson has joined SHAPE as President of the Component Shaping Group (CSG) business segment which includes world leading brands in waterjet process solutions: Flow International Corporation, Aquarese Industries, and TOPS. Jenson will be responsible for leading all commercial activities including: sales, marketing, technical service, customer service and support.

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Shape Technologies Group, Inc. Acquires Aquarese Industries S.A.
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Shape Technologies Group, Inc. (SHAPE), a portfolio company of American Industrial Partners (AIP) and the world leading supplier of waterjet technology and ultrahigh-pressure (UHP) manufacturing process solutions has completed the acquisition of Aquarese Industries.

Aquarese is a leading supplier of advanced robotic waterjet cutting systems and UHP process solutions to the aerospace and automotive industries. Headquartered in Billy-Berclau, France, Aquarese designs and delivers the most advanced waterjet systems in the industry; including advanced robotic waterjet machining and materials processing technologies. Aquarese customer solutions have a proven track record with the world’s leading manufacturers of gas turbines, internal combustion engines and aircraft components.

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Shape Technologies Group, Inc. acquires TOPS Co. Ltd.
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Shape Technologies Group, Inc. (SHAPE), entity affiliated with American Industrial Partners (“AIP”), has acquired Tops Co. Ltd (TOPS) of South Korea on April 8, 2016.

SHAPE, the world leading supplier of waterjet technology and manufacturing process solutions has acquired TOPS, a leading supplier of waterjet-based solutions in the Asia-Pacific region, headquartered in Gimhae, South Korea.

“We are very pleased to announce the addition of TOPS to our family of companies,” said David Savage, chief executive officer of SHAPE.

 

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