Desktop Metal Receives $7.9 Million System Order from Major German Car Maker for Mass Production of Automotive Components
December 09 2021 - 9:22AM
Business Wire
Desktop Metal (NYSE: DM), a leader in mass production additive
manufacturing (AM) solutions, today announced the company has
received a $7.9 million order for binder jet additive manufacturing
systems from a major German car maker for the mass production of
metal automotive powertrain components at scale.
"We are proud to be working with a number of major, global
automotive OEMs to expand their adoption of additive manufacturing
for the series production of end-use car components," said Ric
Fulop, Founder and CEO of Desktop Metal. "This milestone order is
evidence of the performance and economics that make our binder
jetting solutions the most advanced in the world and a testament to
our teams who have been working tirelessly to help make the vision
of mass production via additive manufacturing a reality."
Desktop Metal offers the industry's broadest portfolio of
high-throughput additive manufacturing solutions for the mass
production of end-use parts, with support for a comprehensive and
diverse materials library with more than 250 materials across
metals, composites, polymers, ceramics, biocompatible materials,
sand, wood, and elastomers. The company has a rapidly growing
customer base across industries such as automotive, healthcare and
dental, consumer products, aerospace, and more, supported by a team
of over 1,350 dedicated employees across the globe.
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 and Fast Company’s Next Big Things in Tech Award for
sustainability. 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/20211209005661/en/
Media Relations: Lynda McKinney
lyndamckinney@desktopmetal.com (978) 224-1282
Investor Relations: Jay Gentzkow
jaygentzkow@desktopmetal.com (781) 730-2110
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