With its ceramic technology established and metal now commercial, the company will ramp up business

Rehovot, Israel – April 28, 2022 – XJet Ltd. has announced today that Hanan Gothait, Founder and CEO of XJet, is stepping away from his CEO role and taking the position of President. Yair Alcobi will take on the role of CEO.

The move comes as part of ambitious planned growth for the company. With its ceramic additive manufacturing technology established and its metal AM system now commercially available, XJet anticipates a significant ramp up in business over the next few years. XJet is the only company in the world that uses direct material jetting to manufacture metal and ceramic parts, offering users exceptional benefits in material density and part quality.

With his broad business experience, Alcobi will steer the company through this demanding period with the support of Avi Cohen who joined XJet as Executive Chairman of the Board last year. Another new appointment is of Orit Tesler Levy who takes the position of CFO to further strengthen the management team.

In previous roles as President of the PCB Division of KLA, and President of Orbotech East Asia Subsidiary, Alcobi has a proven record of expanding revenues and profits. Alcobi grew division revenues significantly, doubling the operating profit.

“It has been a comprehensive process to search for a new CEO for XJet. We interviewed and considered many candidates before making our decision. Yair’s record in scaling businesses is enviable and exactly the right fit for taking XJet to the next level,” says Cohen. “We have exciting times ahead and I am sure that Yair has what it takes to make XJet successful. I look forward to working closely with Yair.”

Cohen adds, “I would also like to take this opportunity to thank Hanan for the many years of leadership he’s dedicated to XJet, bringing it to this point. His vision for the technology has been palpable from day one, building an exceptional team of experts and getting the company to its current position took a great deal of hard work. Over the past year, I have worked very closely with Hanan and I know that as President he will continue to make a significant contribution and I look forward to continuing our cooperation.”

Alcobi asserts, “As someone who has worked closely with many top-tier, global manufacturers, I fully understand the potential of additive manufacturing, and especially in materials like metal and ceramic. XJet technology is remarkable and I’m extremely motivated to expand the business and ensure XJet becomes a clear leader in its market.”

“I am very excited about Yair’s joining and looking forward to working closely with him. As a veteran of the industry, I am a big believer in XJet, its team, the technology and products.” states Gothait, “As a result, I’m delighted to continue with the company in the position of President and I look forward to assisting Yair in leading XJet to success.”

Alcobi will also be supported by Tesler Levy, who comes to XJet in the CFO position with significant experience from Applied Materials in Israel and Silicon Systems Segment in California, USA. Tesler Levy also has industry experience following a previous role as VP Finance FP&A Business Partnering at Stratasys.