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Desktop Metal Receives $7.9 Million System Order From Major German Car Maker For Mass Production Of Automotive Components

Dec 09, 2021•almost 4 years ago

Amount Raised

$7.9 Million

Description

Desktop Metal (NYSE: DM), a leader in mass production additive manufacturing (AM) solutions, today announced the company has received a $7.9 million order for binder jet additive manufacturing systems from a major German car maker for the mass production of metal automotive powertrain components at scale.

Company Information

Company

Desktop Metal

About

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.