Desktop Metal (NYSE: DM) opened a new in-house manufacturing facility that will more than triple the final assembly space currently dedicated to the Production System platform in order to meet what the company describes as “robust demand for the world’s fastest metal 3D printing technology”. This new facility is part of a strategic plan to accelerate the production ramp of Desktop Metal’s flagship Production System P-50 metal binder jetting 3D printer, for which the Company is engaged in component procurement and assembly of initial builds targeted for shipment in the fourth quarter of 2021.
“After a significant development cycle, we are experiencing growth, pent-up demand for our Production System P-50 solution. As we continue to convert these opportunities, expanding our in-house final assembly capabilities has become a critical step to scaling the deployment of our Single Pass Jetting technology,” said Ric Fulop, Founder and CEO of Desktop Metal. “This new facility in Massachusetts, in conjunction with our contract manufacturers and suppliers, supports our ability to meet the growing demand for high-volume applications. We are now well-positioned to supply our global customers with the fastest metal 3D printing platform to enable cost-effective mass production via additive manufacturing.”
Created by the inventors of binder jetting and single-pass inkjet technology, the Production System is an industrial manufacturing platform powered by Desktop Metal’s Single Pass Jetting technology. It is designed to achieve speeds up to 100 times those of currently adopted metal powder bed fusion additive manufacturing technologies and enable production quantities of up to millions of parts per year at costs competitive with conventional mass production techniques.
The P-50 printer targets mass production of end-use parts and was the first platform specifically envisioned for this purpose. Since its concept was first presented to the market just over 6 years ago (when Desktop Metal emerged from stealth) more and more companies began development of metal binder jetting capabilities for production—including the current metal binder jetting technology and market leader ExOne, now part of Desktop Metal—with technologies from GE, HP and the recently announced system from Ricoh expected to launch commercially soon.