Desktop Metal Launches Live Monitor™ for Users of Additive Manufacturing 2.0 Production Technology

Rhea-AI Summary

Desktop Metal launches Live Monitor, a software application that provides real-time data from printing systems to improve efficiency and management. Live Monitor offers helpful dashboards for capacity planning and maintenance management. It will be offered to users of select Desktop Metal printers and furnaces, with plans to expand to other equipment brands.

Positive

• Live Monitor provides real-time data to improve efficiency and management.
• Helpful dashboards for capacity planning and maintenance management.
• Will be offered to users of select Desktop Metal printers and furnaces.

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• None.

Live Monitor is an Industry 4.0 solution for users of select Desktop Metal printers and ancillary equipment to monitor and use real-time data from their equipment to improve efficiency

BOSTON--(BUSINESS WIRE)-- Desktop Metal, Inc. (NYSE: DM), a global leader in additive manufacturing technologies for mass production, today announced the launch of Live Monitor™ — a software application that provides useful real-time data from printing systems to improve efficiency and management of one printing system or a full fleet.

Desktop Metal is launching Live Monitor™, an Industry 4.0 solution for users of select Desktop Metal printers and ancillary equipment to monitor and use real-time data from their equipment to improve efficiency. (Photo: Business Wire)

Part of the Live Suite™ package of exclusive software offerings from Desktop Metal, Live Monitor provides easy access to system data from any web browser at any time. The new offering has helpful dashboards to manage a fleet or drill down on printer or furnace performance in ways that assist capacity planning, maintenance management, and more. Real-time information includes job and event status, time reporting, and consumable usage, among other key metrics.

“At Desktop Metal, we’re committed to driving additive manufacturing into production, and Live Monitor is a vital tool for managing a single productive printing system, such as a Shop System and Furnace, or an entire fleet,” said Ric Fulop, Founder and CEO of Desktop Metal. “Our goal is to help users improve their Overall Equipment Effectiveness (OEE) to optimize their utilization and scale their business with ease.”

Italy-based Aidro, a pioneer in the volume production of next-generation hydraulic and fluid power systems through metal AM and traditional manufacturing technologies, has been a beta tester of Live Monitor for its Desktop Metal Shop System and Furnace for the past year.

“Live Monitor is an essential tool for keeping the most important process variables under control and giving customers with critical parts, such as those in the energy industry, visibility and traceability of AM part production,” said Valeria Tirelli, President and CEO of Aidro, a subsidiary of Desktop Metal. Aidro will be exhibiting at ADIPEC, a global energy industry event, to be held in Abu Dhabi today through Oct. 5 in Booth M1 of the Manufacturing and Industrialization Hall. “The variables are visible, customizable, and recordable and this is the basis for having a qualified process. Thanks also to this tool, DNV has awarded Aidro AM manufacturer certification in accordance with the DNV-ST-B203 standard. Compared to other systems, Live Monitor can be customized in a simple and efficient way depending on the specific needs of the user.”

An optional add-on feature in Live Suite, Live Monitor will be offered to users of the Studio, Shop, and Production System printers, along with Desktop Metal branded furnaces. The feature will also be rolled out in the future to users of other Desktop Metal and Team DM equipment sold under the ExOne, Desktop Health, and ETEC brands.

To learn more about Live Monitor, visit TeamDM.com/Live_Monitor.

About Desktop Metal

Desktop Metal (NYSE:DM) is driving Additive Manufacturing 2.0, a new era of on-demand, digital mass production of industrial, medical, and consumer products. Our innovative 3D printers, materials, and software deliver the speed, cost, and part quality required for this transformation. We’re the original inventors and world leaders of the 3D printing methods we believe will empower this shift, binder jetting and digital light processing. Today, our systems print metal, polymer, sand and other ceramics, as well as foam and recycled wood. Manufacturers use our technology worldwide to save time and money, reduce waste, increase flexibility, and produce designs that solve the world’s toughest problems and enable once-impossible innovations. Learn more about Desktop Metal and our #TeamDM brands at 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/20231002660898/en/

Media Relations:

Sarah Webster

(724) 516-2336

Sarahwebster@desktopmetal.com

Investor Relations:

Jay Gentzkow

(781) 730-2110

jaygentzkow@desktopmetal.com

Source: Desktop Metal, Inc.