Platinum is now Customer-Qualified on the Desktop Metal Production System Binder Jet 3D Printing Platform by Legor
Desktop Metal (NYSE: DM) announces platinum as a customer-qualified material on its Production System™ P-1, developed with Italy-based Legor.
Legor, renowned for its metals science, has created a proprietary ruthenium-based platinum powder for additive manufacturing. This milestone enhances Desktop Metal's portfolio for the jewelry industry, which includes materials like stainless steel, silver, titanium, and gold.
Legor's 3D printed platinum jewelry will be showcased at Rapid + TCT from June 25-27 in Los Angeles. The binder jet 3D printing technology allows rapid production, design freedom, and sustainability by minimizing waste and reducing energy consumption.
This development signifies a major advancement in the production of intricate and high-quality jewelry items.
- Platinum qualified on Desktop Metal Production System™ P-1.
- Legor's proprietary platinum powder enhances jewelry manufacturing.
- Binder jet 3D printing simplifies platinum production.
- Rapid production without molds or printing supports.
- All-new design freedom for intricate and customized jewelry.
- Reduction of waste and energy consumption.
- Showcase at Rapid + TCT can increase visibility.
- Potential high cost of platinum material.
- Market acceptance and adoption could be slow.
- Risk of competition from traditional jewelry manufacturing.
Insights
The qualification of Legor’s proprietary platinum material for Desktop Metal’s Production System P-1 is a notable technological advancement. Binder jet 3D printing itself is a game-changer in the manufacturing industry. This method involves using a binding agent to bond layers of metal powder, effectively creating complex, intricate designs that are challenging or impossible with traditional techniques.
Platinum is notoriously difficult to work with due to its high melting point and hardness. By addressing these challenges through binder jet 3D printing, Legor and Desktop Metal can offer designers unprecedented freedom to create intricate designs with reduced material waste. This method is also more energy-efficient, which aligns well with growing sustainability trends in manufacturing.
From an industry perspective, this technology could revolutionize the jewelry and luxury goods sectors by enabling faster prototyping and small-batch production. Additionally, this development might attract customers looking for bespoke and elaborate designs that traditional methods can’t produce efficiently.
This advancement aligns with broader trends in the 3D printing sector, which is increasingly moving toward mass production. The integration of precious metals like platinum not only validates the technology but also opens new revenue streams for manufacturers.
The introduction of platinum as a qualified material for Desktop Metal's binder jet 3D printing is a strategic move that broadens the company’s portfolio in the jewelry and luxury goods market. Platinum, with its high value, broadens the appeal and application of 3D printing in high-end markets, potentially increasing Desktop Metal's market penetration and customer base.
This development could have a positive impact on Desktop Metal’s stock (NYSE: DM) as it showcases innovation and the ability to meet industry-specific challenges. For investors, this indicates that the company is not only keeping pace with technological advancements but also aligning itself with sustainable production practices, which are increasingly important to consumers and investors alike.
The collaboration with Legor, a renowned name in the jewelry manufacturing sector, adds credibility and enhances Desktop Metal's market position. This partnership could drive demand for Desktop Metal’s Production System P-1 and potentially lead to more collaborations in other sectors requiring high-precision metal printing.
However, investors should consider the competition in the additive manufacturing sector. While the technology is innovative, its market adoption will depend significantly on how it performs against existing manufacturing techniques in terms of cost, speed and quality.
From a financial standpoint, the announcement is likely to be positively received by the market. The qualification of platinum on Desktop Metal’s Production System P-1 potentially opens new, lucrative revenue streams. High-end jewelry and luxury goods sectors are known for their higher profit margins compared to other manufacturing sectors.
Moreover, adopting sustainable technologies like binder jet 3D printing can reduce costs associated with material waste and energy consumption, improving overall profitability. The reduction in production steps, such as the elimination of molds and welding, will likely lead to cost savings and increased efficiency.
Investors should note that while this is a promising development, the financial impact will depend on the rate of adoption by jewelry manufacturers and the broader luxury goods market. Desktop Metal's revenue growth will hinge on their ability to scale this technology and secure long-term contracts.
In the short term, this announcement positions Desktop Metal as a frontrunner in the additive manufacturing space. Long-term investors should monitor the company’s quarterly earnings to gauge the financial benefits realized from this innovation.
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Italy -based Legor is a leader in metals science and production of best-in-class alloys, powders, and plating solutions for the jewelry and fashion hardware and accessories markets - Legor’s Powmet line of fine, ultra-pure powders for Additive Manufacturing includes a proprietary, ruthenium-based platinum that is now qualified on the Desktop Metal Production System™ P-1 for jewelry and other applications
- Platinum now rounds out Desktop Metal’s customer-qualified material offerings for direct binder jet 3D printing of jewelry, which also includes stainless steels, sterling silver, titanium, gold, composites, and more
- Platinum jewelry designs 3D printed by Legor are slated to be part of a multi-material, multi-customer jewelry display featured by Desktop Metal at Rapid + TCT, North America’s largest additive manufacturing and industrial 3D printing event
Platinum jewelry designs 3D printed by Legor on a Desktop Metal Production System P-1 are slated to be part of a multi-material, multi-customer jewelry display featured by Desktop Metal at Rapid + TCT, North America’s largest additive manufacturing and industrial 3D printing event, to be held June 25-27 in
Legor is a full-service jewelry manufacturing solutions provider, and the company’s Powmet line of certified ultra-pure metal powders is produced for use with both laser and binder jet 3D printing systems.
“The qualification of Legor’s Powmet platinum on the Production System P-1 is another major milestone for binder jet 3D printing for the jewelry, watchmaking, and luxury goods industry,” said Ric Fulop, Founder and CEO of Desktop Metal. “Platinum is known to be a challenging-to-process material in the jewelry industry because of its high hardness and melting point. Our binder jet 3D printing process simplifies platinum production and enables all-new, once-impossible designs.”
”Legor is currently experiencing significant market interest in 3D printing technology, specifically in binder jet technology,” added Fabio Di Falco, Marketing and Customer Support Manager at Legor. “This has led us to address a variety of requests, ranging from prototyping to small batch production, as well as larger production runs. Thanks to binder jet 3D printing technology, designers can finally imagine and create objects that are currently unproducible with other technologies, thus expanding the boundaries of creativity to shape the future. At Legor, we are committed to becoming catalysts for innovation and promoting technology we are convinced represents a crucial turning point for our industry.”
Platinum jewelry designs 3D printed by Legor — including a classic wedding band, a gemstone ring, and an intricate leaf earring — are slated to be part of a multi-material, multi-customer jewelry display featured by Desktop Metal at Rapid + TCT, North America’s largest additive manufacturing and industrial 3D printing event, to be held June 25-27 in
Binder Jet 3D Printing for Jewelry and Watchmaking
In 2023, Legor invested in a Desktop Metal Production System P-1, a high-speed, 1-liter binder jet 3D printing system featuring Single Pass Jetting (SPJ) technology. The experienced jewelry manufacturer notes that binder jet 3D printing technology offers several benefits over traditional manufacturing methods and other forms of 3D printing for jewelry production including:
- Rapid production of jewelry samples without molds or printing supports
- All-new design freedom for fast, affordable production of hollow, interlinked, intricate, and mass customized designs
- Elimination of processing steps associated with jewelry designs, such as welding
- Simplified production of materials that are difficult to work with, such as platinum, which often requires special tools
- Low waste production that is eco-friendly and uses only the necessary amount of metal needed to create the design
Legor’s Di Falco noted that sustainability is an important feature of binder jet 3D printing technology for the jewelry industry and Legor specifically.
“Binder jet 3D printing technology represents a significant step toward more sustainable production,” he noted, “enabling energy efficiency, and reducing the amount of material used. Indeed, binder jetting uses exactly the amount of material necessary to create an object, drastically reducing waste. The metal powder not used in the process can be reused, reducing the need for new raw materials and the risks associated with metal extraction. At Legor, we advocate for 3D printing as a responsible production approach that also considers the planet and people.”
A video by Legor showing the benefits of binder jetting platinum jewelry can be viewed at https://legor.com/en/prodotto/platinum-3d-printing/.
For more information about binder jetting jewelry with DM technologies, visit TeamDM.com/jewelry.
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 forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical facts contained in these communications, including statements regarding Desktop Metal’s future results of operations and financial position, financial targets, business strategy, and plans and objectives for future operations, 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: risks associated with the integration of the business and operations of acquired businesses; Desktop Metals’ ability to realize the benefits from cost saving measures; supply and logistics disruptions, including shortages and delays. For more information about risks and uncertainties that may impact Desktop Metal’s business, financial condition, results of operations and prospects generally, please refer to Desktop Metal’s reports filed with the SEC, including without limitation the “Risk Factors” and/or other information included in the Form 10-Q filed with the SEC on August 3, 2023, and such other reports as Desktop Metal has filed or may file with the SEC from time to time. 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.
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Source: Desktop Metal
FAQ
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