Welcome to our dedicated page for Desktop Metal news (Ticker: DM), a resource for investors and traders seeking the latest updates and insights on Desktop Metal stock.
Desktop Metal, Inc. (DM) is revolutionizing the way design and manufacturing teams produce metal parts, covering the entire process from prototyping to mass production. The company leverages advancements in materials science, hardware and software engineering, and design to provide an innovative 3D printing solution for both metal and carbon fiber. This accessibility allows engineers, designers, and manufacturers to efficiently create complex parts.
Founded with a strong vision and supported by significant investments amounting to $212 million from industry leaders like Google, BMW, Lowe’s, and Kleiner Perkins Caufield & Byers, Desktop Metal has established itself as a frontrunner in the 3D printing industry. In recognition of its potential and innovative approach, the company was listed among the world’s 30 most promising technology pioneers by the World Economic Forum in 2017 and was also included in MIT Technology Review’s list of the 50 smartest companies.
Headquartered just outside of Boston, Desktop Metal is on a mission to assemble a team of experts. The company actively seeks curious and driven engineers, scientists, and designers to push the boundaries of what's possible in additive manufacturing.
Desktop Metal's 3D printing technologies are pivotal in the design and development of automotive parts, consumer goods, industrial equipment, and mechanical systems. Their products are shipped globally, covering markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC), with the Americas being their largest revenue source.
Continuously striving for excellence, the company has made significant strides in the healthcare sector through Desktop Health, showcasing their versatile and expansive application of 3D printing technology.
Desktop Metal has launched the X-Series line of binder jet 3D printing systems, expanding its capabilities to include specialty materials like ceramics alongside metals. This innovative line enhances mass production efficiency through patented technology. The X-Series features three models: InnoventX™, X25Pro™, and X160Pro™, catering to diverse production needs. The systems promise tight tolerances and high densities, addressing the growing demand for scalable additive manufacturing solutions. Desktop Metal's focus on advanced materials positions it as a leader in the 3D printing sector.
Desktop Metal, Inc. (NYSE: DM) will announce its financial results for Q4 and full year ending December 31, 2021 on March 8, 2022, before market open. A conference call will follow at 8:30 a.m. EST. Participants can join via phone or through a webcast available on the company’s Investor Relations website. Desktop Metal is recognized for its innovative 3D printing solutions aimed at enhancing manufacturing efficiency.
Desktop Metal (NYSE:DM) has successfully shipped its first Production System™ P-50 printer to Stanley Black & Decker (NYSE:SWK). This milestone signifies the commercialization of Desktop Metal's advanced additive manufacturing technology, enabling mass production of metal parts. The P-50 is designed for high-performance output and is expected to be up to 100 times faster than traditional methods, with a production capacity reaching millions of parts annually. This development follows a $100 million investment and four years of dedicated research and development.
Desktop Metal has launched a new brand, ETEC, marking a significant milestone as it continues to integrate EnvisionTEC into its operations. Celebrating its first anniversary under Desktop Metal, ETEC focuses on 3D printing solutions tailored for industrial and consumer markets, leveraging EnvisionTEC's pioneering digital light processing technology. The brand aims to enhance customer relationships and drive innovation in various sectors, including healthcare and manufacturing. With exclusive materials and partnerships, ETEC is poised to redefine additive manufacturing.
Desktop Health, a subsidiary of Desktop Metal (NYSE: DM), has launched the Einstein™ series, a family of advanced 3D printers tailored for dental applications. The series includes models designed for various dental needs, enhancing efficiency with speeds up to 50% faster than previous models. Additionally, the Flexcera™ Smile Ultra+ resin has received FDA clearance for permanent dental restorations. This 3D printing solution allows dentists to create same-day dental prosthetics with high strength and aesthetics, significantly reducing patient wait times.
Desktop Metal has launched a custom stainless steel alloy named DM HH Stainless Steel (DM HH-SS), designed for high-strength, corrosion-resistant components in industries like oil & gas, automotive, consumer products, and medical devices. Utilizing the Production System with Single Pass Jetting™ technology, this alloy supports mass production of durable parts—enhancing manufacturing efficiency. The new material improves upon existing options by eliminating the need for plating, reducing supply chain complexities, and aiming for environmentally friendly manufacturing.
Desktop Metal, Inc. (NYSE: DM) will present at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 4:15 p.m. EST. CEO Ric Fulop will lead the discussion, and a live webcast will be accessible via the investor relations site. Interested parties are advised to register at least 15 minutes early. Desktop Metal specializes in 3D printing solutions aimed at enhancing manufacturing efficiency and innovation. The company has received accolades, including recognition as a Technology Pioneer by the World Economic Forum.
Desktop Metal (NYSE: DM) announced the qualification of commercially pure copper for additive manufacturing using its Production System™ platform. This advancement utilizes the patent-pending Single Pass Jetting™ (SPJ) technology, enabling mass production of high-performance copper parts across automotive, aerospace, and electronics industries. The technology promises significant improvements in manufacturing efficiency by reducing complexity, costs, and lead times while facilitating complex designs previously unattainable through conventional methods.
Desktop Metal (NYSE:DM) has partnered with the Korea Institute of Industrial Technology (KITECH) to enhance the adoption of additive manufacturing (AM) in South Korea. The collaboration involves installing the Desktop Metal Shop System™ and Production System™ P-1 platforms to support SMEs in automotive, electronics, heavy industry, and oil & gas sectors. This partnership aims to leverage advanced metal binder jetting technologies to significantly accelerate production capabilities and foster innovation in manufacturing.
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