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Desktop Metal, Inc. (NYSE: DM) regularly issues news that reflects its role in Additive Manufacturing 2.0 and the industrial 3D printing market. Company announcements cover topics ranging from corporate strategy and legal developments to product qualifications, technology showcases, and sector-specific applications in areas such as dental, automotive, and industrial manufacturing.
Recent news has focused heavily on the proposed merger between Desktop Metal and Nano Dimension Ltd. Desktop Metal has disclosed multiple legal actions in the Delaware Court of Chancery, alleging breaches of the merger agreement and seeking specific performance to require Nano Dimension to obtain regulatory approvals and complete the transaction. Updates include the granting of an expedited trial and a later court ruling that, according to Desktop Metal, found Nano Dimension in material breach and ordered steps intended to allow the merger to close.
Beyond corporate and legal news, Desktop Metal frequently highlights developments in its product and materials portfolio. Examples include qualification of a 100% recycled nickel-based superalloy from Continuum Powders for use on its metal binder jet 3D printers, as well as the showcasing of technologies such as the Figur G15 Pro Digital Sheet Forming system, the Studio System, Shop System, InnoventX, and the PureSinter Furnace at major industry events like IMTS.
Desktop Health, the company’s dental and medical brand, also generates news through validations of Flexcera nanoceramic resins for additional 3D printer platforms and clinical indications, including implant-supported denture provisionals. Visitors to this news page can review these updates to understand how Desktop Metal is positioning its technologies, how its merger process is progressing, and how its materials and systems are being adopted across different applications.
Desktop Metal (NYSE: DM) announces the appointment of Jason Cole as Chief Financial Officer, effective November 10. Cole, who has 18 years of experience at Analog Devices, will report to CEO Ric Fulop. His expertise in M&A integration and operational efficiency is expected to drive revenue growth and profitability. Cole holds a B.S. from Bentley University and an MBA from Cornell University. Current CFO, James Haley, will transition to an advisory role. This leadership change is aimed at enhancing the company's position in Additive Manufacturing 2.0.
Desktop Metal, Inc. (NYSE: DM) will report its financial results for the third quarter ending September 30, 2022, after market close on November 9, 2022. A conference call is scheduled for the same day at 4:30 p.m. ET, which can be accessed via phone or online. Desktop Metal, recognized for its innovative 3D printing solutions, aims to transform manufacturing by addressing challenges in speed, cost, and quality. Further details, including a summary presentation, will be available on their Investor Relations website.
Desktop Metal has partnered with Siemens to enhance additive manufacturing capabilities, targeting large-scale production applications. This collaboration aims to integrate Siemens' technology into Desktop Metal's AM 2.0 systems, allowing for better simulation and factory design. Key benefits include improved operational efficiency, reduced manufacturing waste, and enhanced supply chain resilience. The partnership reflects a commitment to advancing 3D printing and digital transformation in manufacturing.
Desktop Health, a subsidiary of Desktop Metal (NYSE: DM), has received FDA 510(k) clearance for its innovative SmileGuard resin. This light-curable, biocompatible material allows dentists to 3D print customized bite splints and dental appliances in as little as one hour, providing same-day delivery. SmileGuard offers a unique combination of strength and comfort, overcoming common shortcomings in existing 3D printed dental materials. This breakthrough positions Desktop Health favorably in the rapidly growing market for digital dental solutions.
Desktop Health and Keystone Industries have announced a partnership to make Keystone's dental resins available on Desktop Health’s Einstein 3D printer. This collaboration aims to enhance dental applications, including nightguards and splints, using innovative 3D printing technologies. KeySplint Soft, a leading dental resin, is now qualified for the Einstein printer. Additional materials from Keystone are set to be qualified soon, enhancing the range of applications. The Einstein printer utilizes proprietary technologies for high-speed, accurate 3D printing, positioning Desktop Health to accelerate digital solutions in the dental market.
Desktop Metal (NYSE: DM) has announced the qualification of nickel alloy Inconel 625 (IN625) on its Shop System, enhancing its 3D printing offerings. This qualification allows IN625 to be utilized across various models, including Production System™, Shop System, X-Series, and Studio System™ 2. With 18 qualified materials available, Desktop Metal aims to streamline the production of high-strength components for sectors like aerospace and energy. IN625's additive manufacturing offers economic and efficient solutions for complex geometries, overcoming traditional machining challenges.
Desktop Metal has launched the Figur G15, a groundbreaking platform using patent-pending Digital Sheet Forming (DSF) technology. This innovation allows manufacturers to create high-quality sheet metal parts directly from digital files, eliminating the need for expensive custom tools, molds, or dies. Capable of shaping materials up to 2.5 mm thick with a forming area of 1450 x 1000 mm, the G15 aims to enhance business agility in the $300 billion sheet metal industry. Live demonstrations will occur at IMTS 2022 in Chicago.
Desktop Metal (NYSE: DM) has launched two new upgrade packages for its Shop System™, enhancing the world's best-selling metal binder jet system. The Shop System+ offers high-throughput users discounts on powders and binders to reduce operating costs, while the Shop System Pro provides advanced process controls and flexibility for expert users. The Shop System has logged over 20,000 print hours since its November 2019 launch, demonstrating reliability and affordability in metal additive manufacturing. The upgraded systems will be showcased at IMTS 2022 in Chicago, further solidifying Desktop Metal's market leadership.
Desktop Metal, a leader in additive manufacturing, announces significant updates to its Live Sinter software, now utilized by over a hundred binder jet 3D printer companies worldwide. This advanced multi-physics simulation software delivers sinter-ready geometries in as little as 20 minutes, ensuring high precision in metal part production. Features include scan-based adjustments for enhanced accuracy and automated generation of supports and setters, streamlining production processes. Live Sinter is pivotal for high-density metal production, aiding in mitigating common sintering challenges.
Desktop Metal (NYSE: DM) is expanding its partnership with Henkel to qualify Loctite 3D IND405 Black and Loctite 3D 3843 for use on the ETEC Xtreme 8K, the largest DLP printer for high-volume production. These materials are known for their strength and durability, suitable for a variety of end-use applications. This collaboration aims to enhance production efficiency by reducing costs and eliminating the need for tooling. The ETEC Xtreme 8K's large build area allows manufacturers to achieve new sizes and throughput for parts, streamlining their 3D printing processes.