Desktop Metal and The University of Toledo Institute of Applied Engineering Research Partner to Develop Nitinol, Rene and Non-Weldable Nickel-Based Alloys Using Production System Technology
November 19 2021 - 8:30AM
Business Wire
Desktop Metal (NYSE: DM) and The University of Toledo Institute
of Applied Engineering Research today announced a partnership to
support the development of nickel-titanium (Nitinol) alloys, Rene
alloys, and other non-weldable nickel-based, high-temperature
materials on the Production SystemTM platform, which leverages
patent pending Single Pass JettingTM (SPJ) technology designed to
achieve the fastest build speeds in the metal additive
manufacturing industry.
“We are thrilled to partner with The University of Toledo on
this disruptive technology development, opening up a tremendous
opportunity for medical, aviation, and space applications ” said
Ric Fulop, Founder and CEO of Desktop Metal. “Our Production System
platform enables the development of new materials for binder jet 3D
printing that can be used for at-scale production. We’re
proactively partnering with leading research universities around
the world to accelerate materials development and look forward to
working with The University of Toledo to advance the development of
Nitinol and other critical alloys for binder jetting.”
“Our partnership with Desktop Metal will bring a Production
System P-1 to our lab and open new horizons in materials and
application development,” said Behrang Poorganji, Ph.D., Research
Professor and Director of Advanced Manufacturing at The University
of Toledo College of Engineering. “By combining our metallurgy,
software, chemistry, and design expertise, this partnership will
allow us to pursue the development of numerous advanced materials,
including Nitinol, a shape memory alloy used for many medical
applications; ultra-high temperature nickel-based superalloys, such
as Rene alloys, for aerospace; conductive materials such as pure
copper for electrification; and lightweight materials including
advanced aluminum alloys for automotive applications. We believe
our collaboration with Desktop Metal will accelerate our education,
training, and workforce development, which will be key to
successful technology adoption in the industry for the future years
ahead of us.”
About Desktop Metal
Desktop Metal, Inc., based in Burlington, Massachusetts, is
accelerating the transformation of manufacturing with an expansive
portfolio of 3D printing solutions, from rapid prototyping to mass
production. Founded in 2015 by leaders in advanced manufacturing,
metallurgy, and robotics, the company is addressing the unmet
challenges of speed, cost, and quality to make additive
manufacturing an essential tool for engineers and manufacturers
around the world. Desktop Metal was selected as one of the world’s
30 most promising Technology Pioneers by the World Economic Forum,
named to MIT Technology Review’s list of 50 Smartest Companies, and
the 2021 winner of Fast Company’s Innovation by Design Award in
materials. For more information, visit www.desktopmetal.com.
Forward-looking Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws. Forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks, uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document, including but not
limited to, the risks and uncertainties set forth in Desktop Metal,
Inc.'s filings with the U.S. Securities and Exchange Commission.
These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and Desktop Metal, Inc. assumes no obligation and does
not intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20211119005430/en/
Media Relations: Caroline Legg
carolinelegg@desktopmetal.com (203) 313-4228
Investor Relations: Jay Gentzkow
jaygentzkow@desktopmetal.com (781) 730-2110
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