Desktop Metal Receives $7.9 Million System Order from Major German Car Maker for Mass Production of Automotive Components

0
358

BOSTON, MA, USA, Dec 20, 2021 – Desktop Metal (NYSE: DM), a leader in mass production additive manufacturing (AM) solutions, announced that, 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.