Installations of Desktop Metal’s Production
System and Shop System Platforms Will Catalyze the Innovation,
Development and Commercialization of AM Technologies in South
Korea
Desktop Metal (NYSE:DM) and the Korea Institute of Industrial
Technology (KITECH) today announced a partnership to accelerate the
industrialization and adoption of additive manufacturing (AM) in
South Korea starting with the installations of the Desktop Metal
Shop System™ and Production System™ P-1 platforms.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211221005388/en/
Created by the inventors of binder
jetting and single-pass inkjet technology, the Production System is
an industrial manufacturing platform powered by Desktop Metal’s
patent pending Single Pass Jetting™ (SPJ) technology. It is
designed to achieve speeds up to 100 times those of legacy powder
bed fusion additive manufacturing technologies and enable
production quantities of up to millions of parts per year at costs
competitive with conventional mass production techniques. The
platform consists of two printer models including the P-1, a
solution for process development and serial production
applications. (Photo: Business Wire)
KITECH is a leading research institute that facilitates the
development of manufacturing technologies for companies across
South Korea, with a focus on small and medium enterprises (SMEs).
The installation of Desktop Metal’s state-of-the-art binder jet
solutions will enable KITECH to help drive adoption of these
production-focused technologies with SMEs to address use cases in
automotive, consumer electronics, heavy industry, and oil & gas
market segments. KITECH plans to leverage Desktop Metal’s solutions
to manufacture components at industrial scale volumes and develop
new materials for a variety of AM applications.
“We at KITECH are very excited to partner with Desktop Metal on
the installation of its industry-leading metal AM solutions,” said
Dr. Chung-Soo Kim, Project Manager and Sr. Researcher at the 3D
Printing Manufacturing Process Center, KITECH. “Metal binder
jetting is disruptive to most other metal AM technologies because
of its ability to produce components at unprecedented speeds and
low costs. The adoption of binder jetting will change the
development environment in the additive manufacturing industry in
South Korea.”
“With Desktop Metal’s solutions, we can extend our capabilities
beyond the limitations of laser-based additive manufacturing
solutions and make significant contributions to the future of key
South Korean industries, including automotive, shipment building,
oil & gas, and consumer electronics,” said Dr. Dong-Hyun Kim,
Head and Principal Researcher at the 3D Printing Manufacturing
Process Center, KITECH.
“Metal binder jetting is ripe for adoption in Asia-Pacific, and
we are honored to partner with KITECH to further scale the
technology in South Korea," said Ric Fulop, Founder and CEO of
Desktop Metal. “With our shared vision, the installation of these
binder jet solutions will serve as a catalyst for innovation,
development and commercialization of AM 2.0 technologies in the
region, and accelerate the transformation of the manufacturing
industry worldwide.”
Created by the inventors of binder jetting and single-pass
inkjet technology, the Production System is an industrial
manufacturing platform powered by Desktop Metal’s patent pending
Single Pass Jetting™ (SPJ) technology. It is designed to achieve
speeds up to 100 times those of legacy powder bed fusion additive
manufacturing technologies and enable production quantities of up
to millions of parts per year at costs competitive with
conventional mass production techniques. The platform consists of
two printer models: the P-1, a solution for process development and
serial production applications, and the P-50, a large form factor
mass production solution for end-use parts. The Production System
combines Desktop Metal engineered binders with an open material
platform, allowing customers to produce high-performance parts
using the same low-cost metal powders used in the metal injection
molding industry. An inert processing environment enables
compatibility with a variety of materials, including
high-performance alloys and even reactive metal powders, such as
aluminum and titanium.
Featuring the most advanced single-pass print engine in the
binder jetting market, the Shop System offers a turnkey solution
for producing complex, end-use metal parts in a fraction of the
time and cost of conventional manufacturing and comparably priced
legacy AM technologies. The system includes all of the equipment
machine shops need to begin binder jetting - from printing through
sintering - and is designed to scale throughput with a range of
build volume configurations. In addition, Desktop Metal software
for build preparation and sintering simulation, in combination with
metal powders and process parameters optimized to deliver
exceptional part quality and repeatability, make it easy for
businesses to get up and running with binder jetting in days
instead of weeks or months.
For more information on Desktop Metal’s metal binder jetting
technologies, please visit www.desktopmetal.com.
About the Korea Institute of Industrial Technology
(KITECH)
KITECH (Korea Institute of Industrial Technology), founded in
1989, endeavors to contribute to the industrial development of
Korea by supporting the development and application of production
technologies and nurturing global SMEs. We implement technology
transfers and dissemination to SMEs, provide technology support
utilizing its technology, human resources, and infrastructure,
develop technologies to overcome technological hardships
experienced by SMEs, and conduct in-depth research for
demand-oriented production technologies. For more information,
visit https://eng.kitech.re.kr/main/.
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, the
2021 winner of Fast Company’s Innovation by Design Award in
materials and 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211221005388/en/
Desktop Metal Media Relations: Caroline Legg
carolinelegg@desktopmetal.com (203) 313-4228
Desktop Metal Investor Relations: Jay Gentzkow
jaygentzkow@desktopmetal.com (781) 730-2110
KITECH Media Relations: Dr. Chung-Soo Kim
cskim91@kitech.re.kr
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