Desktop Metal’s Transformative Metal Manufacturing Technologies to be Showcased at IMTS 2024

Rhea-AI Summary

Desktop Metal (NYSE: DM) will showcase its Figur G15 Pro and laser-free metal 3D printing technologies at IMTS 2024 in Chicago. The Figur G15 Pro, featuring Digital Sheet Forming (DSF) technology, will produce live parts and display a 1955 Tucker Carioca fender. A video highlighting the G15's ability to create exotic body panels for the Tucker Carioca concept car will premiere.

Desktop Metal will also exhibit its Studio System™, Shop System™, InnoventX™, and PureSinter™ Furnace. These technologies are qualified to process over 40 materials, including ceramics. The company's portfolio caters to top industry groups at IMTS, such as machine shops, metalworking, aerospace, automotive, and industrial machinery.

Positive

• Figur G15 Pro now features automatic 4-tool changer, tool measurement probe, and automatic part and machine lubrication
• Desktop Metal's technologies are qualified to process over 40 materials, including ceramics
• PureSinter Furnace launched in early 2024, offering high purity, efficiency, and reliability in sintering
• Figur G15 Pro has been shipping to customers since late 2023

Negative

• None.

• The Figur G15 Digital Sheet Forming (DSF) technology, which launched at IMTS 2022, will make its return to the largest manufacturing technology show in the Western Hemisphere with a new G15 Pro model
• The Figur G15 Pro will be producing live parts at the show and will also have an iconic 1955 Tucker Carioca fender on display, along with other automotive, product, and architectural applications
• A video premiering today, produced in partnership with several historical automotive associations, showcases how the Figur G15 quickly made exotic body panels for the Tucker Carioca, a concept car from legendary carmaker Preston Tucker that is now being produced for the first time. See the video at TeamDM.com/TuckerCarioca
• Desktop Metal will also showcase its laser-free metal 3D printing technologies including its Studio System™, Shop System™, InnoventX™, and the all-new PureSinter™ Furnace offering breakthrough purity and performance at an affordable price
• IMTS 2024 will be held Sept. 9-14 at McCormick Place, and Desktop Metal will be located on Level 3 of the West Building in Booth No. 432212 – right off the main concourse

BOSTON--(BUSINESS WIRE)-- Desktop Metal, Inc. (NYSE: DM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced that the Figur G15 Pro will be showcased alongside the company’s sinter-based metal 3D printing technologies at IMTS 2024 in Chicago.

Custom classic car influencer Rob Ida of Rob Ida Concepts in New Jersey is using Desktop Metal’s Digital Sheet Forming (DSF) technology on the Figur G15 Pro to create components for a 1955 Tucker Carioca, a vehicle concept from legendary carmaker Preston Tucker that never made it from drawing to production. Details of the project are featured in a new video available at TeamDM.com/TuckerCarioca (Photo: Business Wire)

“The Desktop Metal team is excited to share the latest developments with our breakthrough metal technologies with one of the largest audiences of metal manufacturers in the world,” said Ric Fulop, Founder and CEO of Desktop Metal. “The Desktop Metal portfolio of products is ideally suited for the Top Five industry groups represented at IMTS, which include machine shops, metalworking machinery and fabrication, aerospace, automotive, and industrial machinery such as food processing equipment.”

Desktop Metal’s laser-free metal printing technologies are now qualified to process more than 40 materials, including ceramics. Systems to be on display at IMTS include the:

• Studio System – Launched in 2017, this office-friendly metal 3D printer leverages proprietary Bound Metal Deposition^® (BMD) technology, an extrusion-based process where rods—metal powder held together by wax and polymer binder—are heated and extruded onto the build plate, shaping a part layer by layer. Once printed, the binder is removed and sintered, causing the metal particles to densify.
• Shop System – Launched in 2017, this entry-level binder jet 3D printing system is ideal for batch or serial production of metal parts in stainless steels and nickel-based alloys such as IN625 and IN718. In binder jetting, an industrial printhead selectively deposits a binder into a bed of powder particles creating a solid part one thin layer at a time. Parts produced are similar to those created in Metal Injection Molding (MIM) and are then sintered in a furnace to high densities that meet or exceed MIM requirements.
• InnoventX – Launched in 2016, the InnoventX is a compact, easy-to-use open material binder jet 3D printer that produces high-quality small parts. Ideal for metal or ceramics.
• PureSinter Furnace – Launched in early 2024, this breakthrough vacuum furnace for one-run debinding and sintering delivers high purity, high efficiency, and high reliability – simplifying the sintering process.

Dozens of customers’ 3D printed parts produced in stainless steels, copper, nickel-based alloys, and tool steels will be on display, including M2 injection mold tooling, tungsten carbide cutting tools and aluminum and titanium parts.

The Figur G15 Pro, to be a centerpiece of the show, has been shipping to customers since late 2023. The Pro version now features an automatic 4-tool changer, a tool measurement probe, automatic part lubrication, and automatic machine lubrication.

“The response to Figur G15 from the market across a wide variety of sectors has been exciting,” said Justin Nardone, CEO of Figur, a Desktop Metal brand. “The G15 eliminates a lot of the work required when forming metal, such as the design and manufacturing of tools and dies. Our system produces designs quickly, accurately, and repeatedly, so manufacturers are able to focus on the craftsmanship of design while getting their products to market faster and more efficiently.”

The Figur G15 Pro will be surrounded by a portion of the Forum Pavilion, a large-scale installation created on the machine for the Chicago Architecture Biennial, an international exhibition of architectural ideas, projects, and displays held earlier this year in the Windy City.

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, including statements about Desktop Metal’s strategic integration and cost savings initiatives, expected restructuring charges, anticipated cost savings, long-term growth, market share, liquidity and profitability, are forward-looking statements. 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 and 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. There is no guarantee Desktop Metal will achieve the cost savings it expects. 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/20240904235878/en/

Investor Relations:

(857) 504-1084

DesktopMetalIR@icrinc.com

Media Relations:

Sarah Webster

(724)516-2336

Sarahwebster@desktopmetal.com

Source: Desktop Metal, Inc.

FAQ

What new features does the Figur G15 Pro offer compared to the previous model?

The Figur G15 Pro now includes an automatic 4-tool changer, a tool measurement probe, automatic part lubrication, and automatic machine lubrication, enhancing its capabilities and efficiency.

How many materials can Desktop Metal's laser-free metal printing technologies process?

Desktop Metal's laser-free metal printing technologies are now qualified to process more than 40 materials, including ceramics.

What is the significance of the Tucker Carioca project for Desktop Metal's Figur G15 Pro?

The Tucker Carioca project showcases the Figur G15 Pro's ability to quickly produce exotic body panels for concept cars, demonstrating its versatility and efficiency in automotive applications.

When and where will Desktop Metal (DM) showcase its technologies at IMTS 2024?

Desktop Metal will showcase its technologies at IMTS 2024, held from September 9-14 at McCormick Place in Chicago. The company will be located on Level 3 of the West Building in Booth No. 432212.