Desktop Metal
Canvas Category Machinery : Additive Manufacturing : 3D Printer
Desktop Metal exists to make 3D printing accessible to all Engineers, Designers, and Manufacturers. [B] We are reinventing the way engineering and manufacturing teams produce parts - from prototyping through mass production. [C] We believe 3D printing will change the way parts are designed, manufactured, and sold around the world.
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Nano Dimension to Acquire Desktop Metal, Creating a Leader in Additive Manufacturing
Nano Dimension Ltd. and Desktop Metal, Inc. jointly announced that they have entered into a definitive agreement under which Nano Dimension will acquire all outstanding shares of Desktop Metal in an all-cash transaction for $5.50 per share, subject to possible downward adjustments to $4.07 per share, as described below. At $5.50 per share, the transaction represents a 27.3% premium to Desktop Metal’s closing price and a 20.5% premium to the 30-day VWAP as of July 2, 2024, for total consideration of approximately $183 million, possibly down to $4.07 per share or $135 million in total.
The union of the two companies that will create a long-term business, creating a leader in 3D printing innovative solutions that drive the transition from prototyping to mainstream tooling and end-use part production. The combined company will be the first AM provider covering the full gamut of customer needs from prototyping to production across a range of critical and high-performance medical and electronics applications in industrial and high-performance materials.
Desktop Metal and Evonik Expand Partnership, Announce Qualification of Photopolymer on Large Format Additive Manufacturing 2.0 Systems for High-Performance, High-Temperature Products
Desktop Metal, Inc. (NYSE: DM), a global leader in Additive Manufacturing 2.0 technologies for mass production, and Evonik, a leading materials provider in 3D printing technology based in Germany, announced their expanded collaboration on photopolymer and materials development with the qualification of INFINAM® ST 6100 L on the ETEC Xtreme 8K and the Pro XL.
The properties offered by INFINAM® ST 6100 L make the material ideal for 3D printed production of molds, models, and tooling, as well as end-use parts in the aerospace, automotive, or electronics industries. Additionally, tools or parts 3D printed in INFINAM® ST 6100 can deliver very precise features and a smooth surface finish, especially when paired with the crisp 65 μm resolution offered on the ETEC Pro XL. Parts printed in this material can also be machined and polished, in addition to other post-processing techniques.
Desktop Metal Now Shipping the Figur G15 – a Digital Sheet Metal Forming Machine that Eliminates the Need for Custom Tooling
Desktop Metal, a global leader in Additive Manufacturing 2.0 technologies for mass production,announced the first commercial shipments of the Figur G15, an innovative Digital Sheet Forming (DSF) machine tool, to Saltworks Fab, a Florida-based automotive restoration and hot rod company. Investing in the Figur G15, the company will dramatically reduce production times while also having the flexibility of digital manufacturing to create complex shapes, efficient one-offs, or produce short-runs of designs.
The Figur G15 is the first commercially available machine tool platform to shape sheet metal on demand without custom tooling. Introduced at the 2022 International Manufacturing Technology Show (IMTS) in Chicago, the Figur G15 uses patent-pending DSF technology in which a software-driven ceramic toolhead on a gantry shapes standard sheet metal into parts with up to 2,000 lbs of forming force without tooling, with software that simplifies the creation of sheet metal part production.
🖨️ Stratasys to Combine with Desktop Metal in Approximately $1.8 Billion All-Stock Transaction
Stratasys Ltd. (Nasdaq SSYS) (“Stratasys”) and Desktop Metal, Inc. (NYSE DM) (“Desktop Metal”) today announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock transaction valued at approximately $1.8 billion. The transaction unites the polymer strengths of Stratasys with the complementary industrial mass production leadership of Desktop Metal’s brands, creating an additive manufacturing company that is expected to be well-positioned to serve the evolving needs of customers in manufacturing.
Stratasys and Desktop Metal are expected to generate $1.1 billion in 2025 revenue, with significant upside potential in a total addressable market of more than $100 billion by 2032.
This 3-D Printed Icelandic Fish-Gutting Machine Contains the Secret of a Future, Less-Globalized Economy
Tucked away in a nondescript 10,000-square-foot building there is a manufacturing facility that runs 24/7, producing parts for fish-processing machines in a way that was, even a few years ago, impossible. ElliĂ°i Hreinsson, the founder of Curio, which owns the building, says the machines he designs and makes would be difficult or in some cases impossible to produce without 3-D printing.
“In Iceland, we are a small stone in the ocean, and we cannot so easily run around to get help,” says Mr. Hreinsson. “You have to be able to do it all in-house.” His machines, which he sells to clients around the world, include more than 100 parts that he prints on seven 3-D printers made by a company called Desktop Metal. Printing the stainless-steel parts this way skips all the steps required for conventional manufacturing, from prototyping to casting or injection molding—the last of which generally happens in Asia, and can add weeks or months to the time between product design and delivery.
Siemens and Desktop Metal begin partnership with aim of accelerating sustainable additive manufacturing at scale
Siemens and Desktop Metal have announced a multi-faceted partnership aimed at accelerating the adoption of additive manufacturing for production applications with a focus on the world’s largest manufacturers.
The collaboration will touch multiple aspects of the Desktop Metal business. This includes increased integration of Siemens technology in Desktop Metal’s AM 2.0 systems, including operational technology, information technology and automation. Desktop Metal says its solutions will be fully integrated into Siemens simulation and planning tools for machine and factory design. Siemens Digital Twin tools will now be used for designing certain machines, and Siemens Advanta can simulate all levels of the binder jetting process and global plant planning, which Siemens says enables fast and reliable decisions for factory planning.
FreeFoam™ | a Revolutionary, Expandable 3D Printable Resin for Volume Production of Foam Parts
The New Space Race: How 3-D Printing Is Driving Current And Future Space Exploration
The ability to print parts is also helping reduce the complexity of rockets. Dubbed by some as “the most complex flying machine ever built,” the Space Shuttle used a staggering 2.5 million parts. Using 3-D printing, manufacturers can consolidate many of the complex components into multifunction assemblies, which can make them easier, faster and less expensive to produce, as well as more reliable to operate.
As the cost and complexity of manufacturing rockets and rocket engines have decreased in recent years, a number of private space exploration companies have emerged. Among the newest players in the field, our customer Privateer Space, co-founded by Steve Wozniak, is using 3-D printing to create small cube satellites that will monitor and remove debris from orbit.
Shapeways is officially a Publicly-Traded, AM Company via Merger with Galileo Acquisition Corp.
Following the business combination and related PIPE investment, Shapeways will receive $103 million of gross proceeds, including a $75 million fully-committed common stock PIPE anchored by top-tier investors including Miller Value, XN, and Desktop Metal. The PIPE also includes investments from existing Shapeways investors Lux Capital, Union Square Ventures, INKEF Capital and Andreessen Horowitz. Proceeds will be used primarily to accelerate the Company’s additive manufacturing capabilities, accelerate the rollout of its SaaS offering, expand its material and technology offerings to extend market reach and grow customer share of wallet, as well as to provide additional working capital.