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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
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Desktop Metal has partnered with The University of Toledo Institute of Applied Engineering Research to develop nickel-titanium (Nitinol) alloys and other advanced materials on its Production System platform. This collaboration will utilize Single Pass Jetting technology, aimed at enhancing speeds in metal additive manufacturing. CEO Ric Fulop expressed excitement about the opportunities for applications in medical, aviation, and aerospace sectors. The partnership also aims to advance workforce development in these fields by combining expertise in metallurgy and advanced materials.
Positive
Partnership with The University of Toledo to develop advanced materials enhances innovation.
Utilizing Single Pass Jetting technology aims to improve production speed significantly.
Focus on industries like medical and aerospace offers substantial market opportunities.
Negative
None.
BOSTON--(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.
What is the partnership between Desktop Metal and The University of Toledo about?
Desktop Metal has partnered with The University of Toledo to develop nickel-titanium alloys and other advanced materials using their Production System platform.
What technology does Desktop Metal's Production System leverage?
The Production System leverages Single Pass Jetting technology aimed at achieving faster build speeds in metal additive manufacturing.
Which sectors could benefit from the Desktop Metal and University of Toledo partnership?
The partnership aims to support applications in medical, aviation, and aerospace sectors.
What materials will be developed through this partnership?
The partnership will focus on developing nickel-titanium alloys, Rene alloys, and other non-weldable nickel-based high-temperature materials.
When was the partnership between Desktop Metal and The University of Toledo announced?
The partnership was announced in a press release dated November 19, 2021.
