Siemens and Desktop Metal join forces to accelerate sustainable Additive Manufacturing at scale :: Desktop Metal, Inc. (DM)

Jan 07, 2024

Siemens’ portfolio of IoT-enabled hardware, software and digital services will further propel Desktop Metal's accessible, reliable and easy-to-use additive manufacturing 2.0 solutions

ELK GROVE VILLAGE, Ill. & BOSTON--(BUSINESS WIRE)--Siemens and Desktop Metal, Inc., global leaders in digitalization and additive manufacturing technologies, announced today a multi-faceted partnership aimed at accelerating the adoption of additive manufacturing (AM) for production applications with a focus on the world's largest manufacturers.

The sweeping collaboration will touch many aspects of the Desktop Metal business and benefit end-users in a variety of ways:

"Additive Manufacturing plays a crucial role as horizontal technology for many industries on their way to improved material efficiency and decarbonization," stated Tim Bell, head of the Siemens Additive Manufacturing business in the United States. Bell continues, "We are very excited about this partnership with Desktop Metal. Combining our digital twin concept for planning and simulation as well as the automation of the production systems with the technology of Desktop Metal will accelerate the transformation to scale. As additive manufacturing continues its path to industrialization, collaborations like this will drive additive manufacturing to greater levels of quality and throughput only traditional manufacturing methods profit from today."

"We're proud to partner with Siemens to improve the integration of Desktop Metal solutions into existing trusted Siemens manufacturing infrastructures, which can help manufacturers prove out their manufacturing resources and concepts prior to the purchase of full work cells," said Ric Fulop, Founder and CEO of Desktop Metal. "Enabling customers to simulate different task-time scenarios for the full binder jetting process can help customers plan before they purchase any equipment. As our technology continues to make inroads toward high-volume production, we believe Siemens technology will be of increasing value to our customers."

Siemens Digital Industries (DI) is an innovation leader in automation and digitalization. Closely collaborating with partners and customers, DI drives the digital transformation in the process and discrete industries. With its Digital Enterprise portfolio, DI provides companies of all sizes with an end-to-end set of products, solutions and services to integrate and digitalize the entire value chain. Optimized for the specific needs of each industry, DI's unique portfolio supports customers to achieve greater productivity and flexibility. DI is constantly adding innovations to its portfolio to integrate cutting-edge future technologies. Siemens Digital Industries has its global headquarters in Nuremberg, Germany, and currently employs approximately 75,000 people internationally.

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, named to MIT Technology Review's list of 50 Smartest Companies, and the 2021 winner of Fast Company's Innovation by Design Award in materials and Fast Company's Next Big Things in Tech Award for sustainability. For more information, visit www.desktopmetal.com.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks, uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to, the risks and uncertainties set forth in Desktop Metal, Inc.'s filings with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Desktop Metal, Inc. assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221011005446/en/

for journalists:SiemensJohn Meyer(847) [email protected] MetalSarah Webster(724) [email protected] Relations:Jay GentzkowDesktop Metal(781) [email protected]

Source: Desktop Metal, Inc.

Released October 11, 2022