Desktop Metal Receives $9 Million Order from Major German Automaker for Binder Jet Systems for Mass Production of Automotive Components
This is the second order from the same automaker in less than 12 months, bringing the total amount of production AM systems ordered to $16.9 million to support digitally casted powertrain components for a popular car line.
Desktop Metal (NYSE: DM), a leader in mass production additive manufacturing (AM) solutions, today announced the company has received a $9 million order from a major German automaker for binder jet additive manufacturing systems used for mass production of powertrain components.
This is the second order from the same automaker in less than 12 months, bringing the total amount of production AM systems ordered to $16.9 million to support digitally casted powertrain components for a popular car line.
"The Additive Manufacturing industry continues to grow for mass production applications, with the most innovative companies in the world leading the way," said Ric Fulop, Founder and CEO of Desktop Metal. "Our team is working with a significant number of global automotive OEMs to expand adoption of our differentiated AM technologies for end-use car components, and this most recent order further demonstrates our customer's success changing the way they make products and supports Team DM's vision for Additive Manufacturing 2.0."
About Desktop Metal
Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating the transformation of manufacturing with an expansive portfolio of 3D printing solutions, from rapid prototyping to mass production. Founded in 2015 by leaders in advanced manufacturing, metallurgy, and robotics, the company is addressing the unmet challenges of speed, cost, and quality to make additive manufacturing an essential tool for engineers and manufacturers around the world. Desktop Metal was selected as one of the world's 30 most promising Technology Pioneers by the World Economic Forum and named to MIT Technology Review's list of 50 Smartest Companies. For more information, visit www.desktopmetal.com.
Featured Product
Improve productivity and achieve consistent, high-quality welds with mechanized welding solutions.
We have the right welding system for every application. Our solutions are the ultimate in precision and efficiency, meeting the full scope of requirements for quality and reliability in tank, vessel, and pipeline construction in particular. We also offer custom solutions that stand up to any challenge. Working with our mechanized circumferential welding systems, you can weld components of very different sizes and weight classes-thanks to systems ranging from compact welding cells for smaller components through to robust systems for heavy workpieces. Cutting-edge technology and premium materials deliver top results, making our welding systems incredibly versatile, simple to use, and easy to maintain. Even welds, high process stability, and less rework are just a few of the advantages-and you can benefit too.
