Desktop Metal Opens New In-House Manufacturing Facility for Production System P-50 Printer

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BOSTON, MA, USA, Nov 1, 2021 – Desktop Metal (NYSE: DM) today announced the opening of a new in-house manufacturing facility that will more than triple the final assembly space currently dedicated to the Production System platform to meet robust demand for the world’s fastest metal 3D printing technology. This new facility is part of a strategic plan to accelerate the production ramp of Desktop Metal’s flagship Production System P-50 printer, for which the Company is engaged in component procurement and assembly of initial builds targeted for shipment in the fourth quarter of 2021.

“After a significant development cycle, we are experiencing growing, pent-up demand for our Production System P-50 solution. As we continue to convert these opportunities, expanding our in-house final assembly capabilities has become a critical step to scaling deployment of our Single Pass Jetting technology,” said Ric Fulop, Founder and CEO of Desktop Metal. “This new facility in Massachusetts, in conjunction with our contract manufacturers and suppliers, supports our ability to meet growing demand for high-volume applications. We are now well-positioned to supply our global customers with the fastest metal 3D printing platform to enable cost-effective mass production via additive manufacturing.”

The Production System – the World’s Fastest Way to 3D Print Metal Parts At-Scale

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 Single Pass JettingTM 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 P-50 printer is paving the way for the mass production of end-use parts — unlocking throughput, repeatability, and competitive part costs. For more information on the P-1, the P-50, and Production System technology, visit www.desktopmetal.com/products/production.

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. For more information, visit www.desktopmetal.com.