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Overview
Desktop Metal Inc (symbol: DM) is a transformative force in the advanced manufacturing landscape, pioneering the integration of 3D printing technology into metal and carbon fiber parts production. Employing a cutting-edge approach that combines materials science, hardware and software engineering, and innovative design, the company delivers solutions that streamline the entire process from rapid prototyping to scalable mass production. Industry-specific keywords such as "3D printing", "additive manufacturing", and "design innovation" underscore its technical expertise and market impact.
Core Business Operations
The company specializes in creating high-quality metal parts through state-of-the-art 3D printing techniques that cater to diverse applications. By reinventing traditional manufacturing processes, Desktop Metal Inc enables design and engineering teams to rapidly iterate prototypes and efficiently transition to full-scale production. Its robust ecosystem of technologies and integrated workflows addresses the needs of sectors such as automotive, consumer goods, industrial equipment, and mechanical systems.
Technological Innovation
At the heart of Desktop Metal Inc's operations is its innovative approach to additive manufacturing. The company continually refines its processes to improve reliability, precision, and production speed while maintaining high standards of quality. Leveraging the latest advancements in materials science coupled with sophisticated software and hardware solutions, the firm provides a versatile platform that supports a wide range of manufacturing challenges and applications.
Market Reach and Global Presence
Operating across key global regions, including the Americas, Europe, the Middle East, Africa, and the Asia Pacific, Desktop Metal Inc has strategically positioned itself to serve a broad spectrum of markets. While the company derives a significant portion of its revenue from the Americas, its innovative solutions have cemented its presence across multiple continents, reinforcing its commitment to making advanced metal 3D printing accessible to diverse engineering and manufacturing communities.
Industry Impact and Recognition
Desktop Metal Inc has garnered attention from industry observers and experts by showcasing its pioneering work in the 3D printing sector. This recognition is a testament to its dedication to redefining manufacturing paradigms through a blend of technical ingenuity and practical applications. The company’s collaborative efforts in research and continuous innovation help it to maintain a competitive edge by addressing complex manufacturing challenges with precision and scalability.
Competitive Position and Value Proposition
The core value proposition of Desktop Metal Inc lies in its ability to bridge the gap between traditional manufacturing methods and futuristic additive processes. By combining state-of-the-art technology with an in-depth understanding of materials and design, the company offers a unique solution that not only enhances production efficiency but also opens new possibilities in product development. Its integrated approach and commitment to technological excellence set it apart in a competitive market, ensuring that design and manufacturing teams can achieve optimal outcomes with reliable, high-quality metal parts.
Conclusion
In summary, Desktop Metal Inc exemplifies the evolution in manufacturing, reinforcing its position as a critical player in the field of metal 3D printing. Through its commitment to research, innovative design, and efficient production, the company provides robust solutions that empower a wide array of industries to achieve greater precision and versatility in manufacturing. Its holistic approach and expert integration of engineering disciplines make it a noteworthy entity in the landscape of advanced manufacturing technologies.
EnvisionTEC and Covestro have announced a collaboration to enhance industrial 3D printing through the new e-PerFORM resin, optimized for EnvisionTEC's printers. This partnership aims to lower barriers for companies adopting 3D printing for rapid mold production. The e-PerFORM resin delivers high stiffness and temperature performance, matching the standards of traditional Somos PerFORM resin. Validation from Polyvia confirms the resin's effectiveness in rapid tooling, making it a cost-efficient choice for manufacturers. The solution will be showcased at the RAPID+TCT event in Chicago, happening September 13-15, 2021.
Desktop Metal (NYSE: DM) has acquired Aidro, an expert in additive manufacturing for hydraulic systems, enhancing its capabilities for high-volume production across sectors like oil & gas and aerospace. This strategic move aims to accelerate the adoption of Additive Manufacturing 2.0 by major OEMs. Aidro, founded in 1982, contributes nearly 40 years of experience in optimizing hydraulic components through advanced manufacturing techniques, significantly improving performance compared to conventional methods.
Desktop Metal (NYSE: DM) has successfully qualified 316L stainless steel for its Shop System, the first metal binder jetting system tailored for machine shops. This advancement allows for cost-effective batch production of high-quality parts, significantly enhancing throughput and print quality compared to traditional methods. Applications include custom spray nozzles and medical device closures. The company aims to broaden its additive manufacturing capabilities with this material expansion, emphasizing a materials roadmap designed for competitive production.
Desktop Metal, Inc. (NYSE: DM) reported strong financial results for Q2 2021, achieving a revenue of $19.0 million, up 68% from Q1 and 767% year-over-year. The company also expanded gross margins, with a GAAP gross margin of 12% and a non-GAAP gross margin of 25%. However, a net loss of $43.2 million was noted, driven partly by acquisitions. The company anticipates over $100 million in revenue for 2021 with an annualized run rate of $160 million expected. Recent acquisitions bolster their diversification in the additive manufacturing market.
Desktop Metal will acquire ExOne for $575 million, allowing ExOne shareholders to receive $8.50 in cash and $17.00 in Desktop Metal stock per share, totaling $25.50, a 47.6% premium on ExOne's last closing price. This strategic acquisition aims to create a robust additive manufacturing portfolio, extending Desktop Metal's market reach and enabling customers to optimize production. The transaction is expected to close in Q4 2021, contingent upon shareholder and regulatory approval, with the share consideration subject to a collar mechanism.
Desktop Health, part of Desktop Metal (NYSE: DM), has expanded its dental technology offerings by introducing a turnkey metal 3D printing solution and launching chrome cobalt for dental applications. The Shop SystemTM, a leading metal binder jetting solution, allows dental labs to pre-order, enabling high-quality custom dental appliances and surgical guides with exceptional surface finishes. The system significantly reduces production time and costs, capable of printing up to 32 partials in under four hours, making it a game-changer in the dental manufacturing landscape.
Desktop Metal (NYSE:DM) has qualified titanium alloy Ti-6Al-4V (Ti64) for its Studio System 2™, enabling accessible metal 3D printing for high-performance applications. Shipping is set to commence next month, marking Desktop Metal as the first to offer this material for extrusion-based bound metal additive manufacturing. Ti64 is recognized for its high tensile strength and biocompatibility, making it suitable for industries like aerospace, defense, and medical applications. The Studio System 2 assures exceptional mechanical properties, addressing challenges in 3D printing titanium.
Desktop Metal, Inc. (NYSE: DM) will announce its second quarter financial results for the period ended June 30, 2021, after market close on August 11, 2021. A detailed presentation will be available on their Investor Relations website. Following the announcement, the company will host a conference call at 4:30 p.m. EDT, accessible via phone or webcast. Desktop Metal focuses on transforming manufacturing with a range of 3D printing solutions, aiming to improve speed, cost, and quality in additive manufacturing.
On July 27, 2021, Desktop Metal appointed James Eisenstein to its Board of Directors and the Nominating and Corporate Governance Committee. Eisenstein brings over 30 years of experience in technology companies and has founded several multi-billion-dollar companies, notably American Tower Corporation. He expressed enthusiasm for joining Desktop Metal, citing its innovative role in additive manufacturing. CEO Ric Fulop emphasized the value of Eisenstein's expertise for the company’s growth.
Desktop Metal (NYSE: DM) announced the acquisition of Aerosint, known for its innovative multi-material deposition systems in additive manufacturing. Founded in 2016, Aerosint offers proprietary technology that enables selective powder deposition, enhancing material efficiency and application versatility in 3D printing. This acquisition aligns with Desktop Metal's strategy to advance its additive manufacturing capabilities, driving growth and expanding market opportunities. Aerosint will operate as a subsidiary while continuing to engage existing partners, integrating its technology into Desktop Metal products within two years.
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