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 (NYSE: DM) announced that its subsidiary Aidro has become the first in the world to receive DNV's global Additive Manufacturing (AM) Manufacturer certification for both binder jetting and laser powder bed fusion technologies. These certifications validate Aidro's capabilities in producing high-quality components for the energy, oil & gas, and maritime sectors. Achieving the highest AMC 3 level for laser powder bed fusion, Aidro demonstrated rigorous compliance through extensive review and testing. This milestone underscores Aidro's leadership in enhancing the adoption of Additive Manufacturing 2.0, providing benefits such as lighter parts and on-demand manufacturing. Aidro's collaboration with DNV since 2018 has led to significant advancements in standards for AM in critical industries, positioning them as a key player in digital manufacturing solutions.
Desktop Metal (NYSE: DM) announced it will release its financial results for the first quarter ending March 31, 2023, after market hours on May 10, 2023. The company will provide a summary presentation on its Investor Relations website. A conference call will be held on the same day at 4:30 p.m. ET, accessible via phone or online. This session will discuss the financial results and is expected to offer insights into Desktop Metal's performance and future outlook in the additive manufacturing sector, which focuses on on-demand production across various industries.
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