Desktop Metal CTO on Additive Manufacturing 2.0 – Podcast on Additive Insight

On this episode of the Additive Insight podcast, Laura Griffiths, TCT Head of Content is joined by Jonah Myerberg, Co-founder and CTO at Desktop Metal.

The additive manufacturing company first made a name for itself as a pioneer of office friendly metal 3D printing with its compact Studio System, and, on the other end of the adoption curve, a Production System aimed at, you guessed it, serial production.

Since then, Desktop Metal has secured household names like Ford, Google and BMW as customers and expanded its portfolio with more metal platforms, carbon fibre and most recently, polymers, in a huge deal with EnvisionTEC.

During the conversation, it is discussed how this acquisition fits in with what Desktop Metal is calling Additive Manufacturing 2.0, becoming a publicly listed company, and how 2021 is well positioned to be the year of AM applications.

Click on the picture to listen to Additve Insight podcact with Jonah Myerberg invited by Laura Griffins, on Spotify.

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Desktop Metal Shop System transform the luxury goods space with Binder Jetting

E.A.C., based in France, started its development in 2002 with Swimwear and Lingerie markets. The company is now more focused on the Luxury markets such as leather, cosmetics, packaging, wines & spirits, and jewelry with worldwide clientele. “By enabling mass production of amazingly intricate geometries, metal binder jetting is about to transform the luxury goods space,” said Patrick Chouvet, Manager E.A.C. “As a pioneer in the use of additive manufacturing in luxury goods for some of the world’s most valuable and iconic brands, E.A.C. has been exploring metal Binder Jetting technology over the past four years. After a comprehensive review and benchmarking of the competitive landscape, we chose the Desktop Metal Shop System for its unparalleled print quality, throughput, and affordability.”

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Desktop Metal and Uniformity Labs achieve breakthrough in aluminum 6061 binder jetting

Promising fully Dense, sinterable aluminum with better than wrought strength

Aluminum_6061

Binder-based metal AM innovators Desktop Metal and Uniformity Labs, a company revolutionizing industrial 3D printing materials and processes, achieved a breakthrough powder that enables aluminum 6061 binder jetting. This new powder, that can be proficently sintered, is the result of a multi-year collaboration between the companies to develop a low-cost, raw material yielding fully dense, sinterable 6061 aluminum with greater than ten percent (10%) elongation and improved yield strength (YS) and ultimate tensile strength (UTS) versus wrought 6061 aluminum with comparable heat treatment.

One key benefit of newer binder jetting technologies is expected to be the ability to rapidly adapt powders used in MIM processes to the binder jetting process, further lowering material costs. However, several limitations still remain in truly adapting metal alloys, including the fact that one of the most relevant materials for binder jetting adoption, aluminum, is not well suited for MIM processes.

“This breakthrough represents a major milestone in the development of aluminum for binder jetting and a significant step forward for the AM industry as it is one of the most sought-after materials for use in automotive, aerospace and consumer electronics,” said Ric Fulop, CEO and co-founder of Desktop Metal. “The global aluminum castings market is more than $50 billion per year, and it is ripe for disruption with binder jetting AM solutions. These are the best-reported properties we are aware of for a sintered 6061 aluminum powder, and we are excited to make this material available exclusively to Desktop Metal customers as part of our ongoing partnership with Uniformity Labs.”

Desktop_metal_production_system
Desktop Metal’s Production System

According to 3dpbm Research‘s upcoming market report on the metal AM segment, today aluminum alloys are the fourth most popular alloys after titanium, steel and nickel, however, they will become the third most popular alloys by 2030. The increase in the use of aluminum for AM could be even more significant if binder jetting technologies will prove able to proficiently process it for serial production.

“The introduction of lightweight metals to binder jetting opens the door to a wide variety of thermal and structural applications across industries,” said Adam Hopkins, founder and CEO of Uniformity Labs. “This innovation is a key step towards the adoption of mass-produced printed aluminum parts.”

This new powder enables the sintering of unadulterated 6061 aluminum and represents a significant improvement over prior techniques used to sinter aluminum, which required coating powder particles, mixing sintering aids into powder, using binders containing expensive nanoparticles, or adding metals such as lead, tin and magnesium. Critically, the powder also enables compatibility with water-based binders and has a higher minimum ignition energy (MIE) relative to other commercially available 6061 aluminum powders, resulting in an improved safety profile. Desktop Metal and Uniformity Labs plan to continue to work together over the coming year to qualify the powder and scale production for commercial release.

Once fully qualified, Uniformity 6061 aluminum will be available for use with the Desktop Metal Production System platform, which is the only metal binder jetting solution with an inert, chemically inactive processing environment across the printer and auxiliary powder processing equipment, enabling customers to achieve consistent, high-quality material properties across volumes of end-use parts with reactive materials, such as aluminum.

Please do read the original article by Davide Sher here.

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Desktop Metal Launches Studio System 2, the Easiest Way for Designers and Engineers to Print Complex, High-Performance Metal Parts in the Office

Next-Generation Technology Further Simplifies Metal 3D Printing for Low Volume Production with a Breakthrough, Two-Step Process

  • Building off the success of Desktop Metal’s Studio System+, the new Studio System 2 enables high-quality metal parts production in an office environment with a simplified two-step solution that eliminates the need for a solvent debind phase
  • Innovative enhancements include new print profiles and an all-new material system designed to deliver superior part quality, accuracy, and surface finish while minimizing printing trial and error across a wider range of complex geometries
  • Desktop Metal’s Fabricate software workflow fully automates part creation through printing and sintering to produce high-quality, end-use parts with densities and feature accuracy similar to casting
  • Worldwide shipments of the Studio System 2 are set to begin in first quarter of 2021, with all existing Studio System customers eligible to upgrade

BOSTON–(BUSINESS WIRE)– Desktop Metal (NYSE: DM), a leader in mass production and turnkey additive manufacturing solutions, today announced the launch of Studio System™ 2, a simplified, office-friendly metal 3D printing technology that offers customers the easiest way to print metal parts in low volumes for pre-production and end-use applications.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210202005325/en/

Desktop Metal today announced the launch of Studio System 2. Designed for the office, this next generation technology is the easiest way to 3D print complex, high-performance metal parts in low volumes for pre-production and end-use applications. (Photo: Business Wire)

“As additive manufacturing adoption advances worldwide, Desktop Metal continues to drive innovations that enable the technology to more effectively compete with conventional manufacturing processes,” said Ric Fulop, CEO and co-founder of Desktop Metal. “Our next-generation Studio System 2 takes the best features of the original Studio System+ and significantly improves upon them, delivering higher quality end-use metal parts through a more streamlined and accessible process, and within an even smaller footprint.”

The Studio System – Office-Friendly Metal 3D Printing

The Studio System, which first debuted in 2017, is an office-friendly metal additive manufacturing system that leverages Desktop Metal’s proprietary Bound Metal DepositionTM (BMD) technology, a powder metallurgy-based process in which loose powders and dangerous lasers commonly associated with metal 3D printing are eliminated in favor of bound metal rods to shape parts layer-by-layer. The original Studio System, consisting of a printer, debinder and furnace, simplified in-house production of low volumes of complex, high-quality metal parts.

Shipping in volume since the fourth quarter of 2018, the Studio System has been adopted by hundreds of customers spanning more than 30 countries. Industry leaders like Ford Motor Company, BMW Group, Eaton Corporation, Google LLC, 3M Company, Stanley Black & Decker, Inc., Lockheed Martin Corporation, Goodyear Tire & Rubber Company, Moen Incorporated, and educational institutes such as Massachusetts Institute of Technology (MIT), Texas A&M University, and the Polytechnic University of Milan (Politecnico di Milano), are turning to the Studio System for a range of applications from pre-production functional prototypes to manufacturing low volumes of end-use parts.

Next-Generation Metal 3D Printing in 2 Steps — Print and Sinter

The next-generation Studio System 2 retains all the critical features of the original Studio System, while delivering advancements that make metal 3D metal printing even easier, more reliable and accessible. Benefits include:

  • Breakthrough, two-step process. Studio System 2 eliminates the use of solvents with all-new material formulations that allow parts to be transferred directly from the printer into the furnace. The result is an accessible two-step process with a nearly hands-free experience that also reduces consumables usage and overall system footprint.
  • Wide range of complex geometries. Designed to consistently deliver high-performance metal parts, Studio System 2 minimizes the trial and error common in alternative 3D printing processes, enabled by new print profiles and a re-engineered interface layer material for more even shrinkage during sintering and increased part success across an array of geometries.
  • Enhanced surface finish. The Studio System 2 printer’s heated build chamber and new print profiles produce outstanding surface finish right out of the furnace across side walls and support-facing surfaces.
  • High-strength, triply periodic minimal surface (TPMS) infill. New isotropic TMPS infill creates strong parts, ideal for end-use applications. Vacuum sintering in the Desktop Metal furnace at temperatures of up to 1400°C produces parts and mechanical properties that are similar to castings and meet or exceed Metal Powder Industries Federation (MPIF) standards.
  • Broad portfolio of materials. The Studio System 2 is launching with 316L stainless steel, an excellent corrosion resistant and general-purpose material used across a variety of industries for applications such as manifolds, nozzles, brackets, latches, and jewelry. A broad portfolio of additional materials that take advantage of the new streamlined, two-step process is in active R&D with new releases slated to rollout in 2021. In addition, the Studio System 2 will be backwards-compatible through the use of the debinder, with all materials previously supported by the Studio System, including 17-4PH stainless steel, 4140 low alloy steel, H13 tool steel, and Copper.
  • Software controlled workflow. Desktop Metal’s Fabricate™ software features new, default print profiles tailored to the Studio System 2 process that simplify build preparation while still providing users access to more than 90 customizable print settings. Fabricate also generates Separable Support structures with strategic splits to avoid locking during post-processing and fully automates thermal debind and sintering cycles.

“Based on the success of our original Studio System, we know companies around the globe are eager to adopt our new, more streamlined Studio System 2 process to produce difficult-to-machine parts featuring complex geometry like undercuts and internal channels,” said Fulop. “Across manufacturing, tooling, automotive, consumer products and electronics, and medical applications, companies are sharing how additive manufacturing is challenging their design and engineering teams to think differently about how to optimize designs for best-in-class part success.”

The Studio System 2, which is set to begin worldwide shipments in the first quarter of 2021, will also be available through an upgrade for all existing Studio System customers.

About Desktop Metal

Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating the transformation of manufacturing with end-to-end 3D printing solutions. 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 3D printing 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 recognized among the most important innovations in engineering in Popular Science’s “Best of What’s New.” For more information, visit www.desktopmetal.com.

Lynda McKinney, 978-224-1282
Lyndamckinney@desktopmetal.com

Source: Desktop Metal, Inc.

Please do read the original Press Release in Desktop Metal’s official page here.

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Massivit3D logo

Massivit 3D Printing Technologies Completes Initial Public Offering on Tel-Aviv Stock Exchange and Raises 169 Million NIS

LOD, Israel, 8th March 2021 — Massivit 3D Printing Technologies (Tel Aviv Stock Exchange: MSVT), the leading provider of large-volume 3D printing systems, has announced that it has successfully completed its initial public offering (IPO) on the Tel Aviv Stock Exchange (TASE). The company has raised NIS 169 Million with a pre-money valuation of circa NIS 490 Million and a post-money valuation of circa NIS 660 Million. As part of the offer to institutional investors, the company received a demand of circa NIS 249 Million. Leading institutional entities in the Israeli market have invested in the current IPO.


Massivit 3D was founded with a vision to overcome three fundamental market barriers that have – until now – prevented the manufacturing arena from evolving: production speed, production size, and versatile industrial materials. The company’s portfolio of 3D printing systems – comprising large-volume hardware, printing materials, and integrated software based on sophisticated algorithms – has been developed to respond to these critical market needs. The company is backed by 50 patent assets.


Massivit 3D’s CEO, Erez Zimerman, commented: “We are thrilled to join the TASE and are delighted with the significant trust we have gained from the capital market, that has led to the company’s successful IPO. The demand we have witnessed as well as the investments by institutional entities testify to the market’s substantial evaluation for the solution that Massivit 3D provides and the technological value that we bring to the market.”


Mr. Gershon Miller, Massivit 3D’s Chief Innovation Officer and co-founder, said “Massivit 3D’s groundbreaking technology has already been leveraged across 40 countries. The company is operating in multiple, rapidly growing markets which are expected to reach circa US$ 73 Billion by 2025. We are also confident that our current technological developments will transform the manufacturing market as we know it, enabling many industries to expedite their production processes and lead times. As part of the company’s plan for growth, the funds raised will be leveraged to continue innovating vital and disruptive technology that address pertinent market gaps.”


Massivit 3D’s IPO was accompanied by the underwriting firm Poalim IBI and by the attorneys, Efrati Galili Confino & Co. Mr. Erez Zimerman is Massivit 3D’s CEO, Mr. Gershon Miller is Massivit 3D’s Chief Innovation Officer and co-Founder, Mr. Igor Yakubov and Mr. Moshe Uzan are Massivit 3D’s co-Founders, Mr Amit Harari is Massivit 3D’s CFO.


About Massivit 3D Printing Technologies
Massivit 3D Printing Technologies Ltd. (www.massivit3D.com) is a pioneer of large-volume 3D printing systems for the Automotive, Marine, Rail, Architecture, and Entertainment industries. The vision of the company is to transform large-volume manufacturing from traditional, legacy processes to digital manufacturing by providing fast 3D printing technology and a range of industrial materials. Massivit 3D’s solutions enable rapid, cost-effective production of full-scale prototypes, molds and parts. Founded in 2013 by a team of 3D printing and 2D printing experts, Massivit 3D is headquartered in Lod, Israel and provides its customers across 40 countries with end-to-end services, supported via an extensive global dealer network.

MASSIVIT 3D MEDIA CONTACTS:

Aviram Uzi

Head of PR & Communications

Gelbart-Kahana Investor Relations

Phone: +972-3-6074717

Fax: +972-3-6074711

Email: aviram@gk-biz.com

Kim Haimovic

Senior Marketing Manager

Massivit 3D

Phone: +972-8-6519486

Fax: +972-8-6900758

Email: info@massivit.com

You can download a PDF version of the Press Release announcement here.

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DESKTOP METAL COMPLETES ACQUISITION OF ENVISIONTEC

DESKTOP METAL COMPLETES ACQUISITION OF ENVISIONTEC, ENTERING MARKET FOR VOLUME PRODUCTION POLYMER ADDITIVE MANUFACTURING

EnvisionTEC’s Category-Leading Product and IP Portfolios Expand Desktop Metal’s Reach to Photopolymer 3D Printing, Digital Biofabrication, and Digital Casting Markets, Offering Go-to-Market Synergies Via Robust, Vertically Focused Dental, Medical and Jewelry Channels

BOSTON, MA (February 17, 2021) – Desktop Metal, Inc. (NYSE: DM), a leader in mass production and turnkey additive manufacturing solutions, today announced it has completed the previously announced acquisition of EnvisionTEC, a leading global provider of volume production photopolymer 3D printing solutions for end-use parts. The transaction is valued at $300 million, consisting of a combination of cash and Desktop Metal stock and subject to customary adjustment.

EnvisionTEC will operate as a wholly owned subsidiary of Desktop Metal and continue to be led by founder Al Siblani, who will serve as Chief Executive Officer of the EnvisionTEC business.

“With EnvisionTEC now a part of Desktop Metal, we are well positioned to offer customers a complete platform across polymers and metals, focused on Additive Manufacturing 2.0 solutions for volume production of end-use parts.” said Ric Fulop, CEO and co-founder of Desktop Metal. “Together, we have more than 200 distribution partners around the world that extend our reach into applications across fast-growing markets for additive manufacturing, such as dental, medical, and jewelry, in addition to doubling down on the broader industrial market. As we join forces, I’m more confident than ever we can accelerate the adoption of AM 2.0 and help customers transform how parts are made around the world.”

As the original inventor of digital light processing (DLP) 3D printing technology, EnvisionTEC has one of the strongest intellectual property portfolios in the area-wide photopolymer 3D printing market, counting more than 140 issued and pending patents. The company has in excess of 190 qualified materials for its platforms and more than 5,000 customers across a broad range of industries, including automotive, aerospace, medical devices, jewelry, and biofabrication. In addition, EnvisionTEC is a leader in the dental

market, with over 1,000 dental customers now using its printers for pre-production and end-use parts in this segment.

EnvisionTEC also brings a compelling product portfolio for photopolymer additive manufacturing under Desktop Metal’s umbrella, including the new Envision One and Xtreme 8K printing platforms designed to deliver high-speed and economic end-use parts production with exceptional accuracy and properties meeting or exceeding thermoplastics. The company is a pioneer in digital biofabrication additive manufacturing with its Bioplotter platform, which supports the production of biocompatible parts for medical applications such as bone regeneration, cartilage regeneration, soft tissue fabrication, drug release, and organ printing. In addition, Desktop Metal adds EnvisionTEC’s robotic additive manufacturing (RAM) digital casting capabilities, which it plans to significantly advance using its proprietary and patent-pending Single Pass Jetting™ technology originally developed for the Production System™ to drive productivity enhancements and improve part economics.

The acquisition more than doubles Desktop Metal’s global distribution network, adding vertically focused partners in markets such as medical, dental, and jewelry, and increasing its geographic sales capabilities to 68 countries around the world.

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 and named to MIT Technology Review’s list of 50 Smartest Companies. For more information, visit www.desktopmetal.com.

Envisiontec machines display

About EnvisionTEC

EnvisionTEC is a leading global provider of professional-grade 3D printing solutions. Founded in 2002 with its pioneering commercial DLP printing technology, EnvisionTEC now sells more than 30 printer configurations based on five distinct technologies that build objects from digital design files. The company’s premium 3D printers serve a variety of medical, professional and industrial markets, and are valued for precision, surface quality, functionality and speed. For more information, visit www.envisiontec.com.

Forward Looking Statements

This communication relates to a business combination transaction between Desktop Metal, Inc. (“Desktop Metal”) and EnvisionTEC, Inc. (“EnvisionTEC”). This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this communication, including statements regarding the anticipated benefits of the transaction, anticipated impact of the transaction on Desktop Metal’s future results of operations and financial position, the amount and timing of synergies from the transaction, and other aspects of Desktop Metal’s operations or results, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements in this communication are only predictions. Desktop Metal has based these forward-looking statements on current information and management’s current expectations and beliefs. These forward-looking statements speak only as of the date of this communication and are subject to a number risks and uncertainties, including, without limitation, the following: the impact of the COVID-19 pandemic on Desktop Metal’s and EnvisionTEC’s business, including their suppliers and customers; the effect of the transaction (or announcement thereof) on the ability of Desktop Metal or EnvisionTEC to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom they do business; risks that the transaction disrupts current plans and operations; successful integration of Desktop Metal’s and EnvisionTEC’s businesses and realization of synergies and benefits; the ability of Desktop Metal to implement business plans, forecasts and other expectations following the completion of the transaction; risk that actual performance and financial results following completion of the transaction differ from projected performance and results; and business disruption following the transaction. This list of risks and uncertainties is not exhaustive. For additional information about other risks and uncertainties that could cause actual results of the transaction to differ materially from those described in the forward-looking statements in this communication, and of Desktop Metal’s business, financial condition, results of operations and prospects generally, please refer to Desktop Metal’s reports filed with the Securities Exchange Commission (“SEC”), including without limitation the “Risk Factors” and/or other information included in the Form 8-K filed by Desktop Metal on January 15, 2021, the S-4 Registration Statement filed with the SEC on September 15, 2020, the S-1 Registration Statement filed with the SEC on December 23, 2020, as amended, and such other reports as Desktop Metal has filed or may file with the SEC from time to time. The forward-looking statements included in this communication are made as of the date hereof. Except as required by applicable law,

Desktop Metal will not update any forward-looking statements to reflect new information, future events, changed circumstances or otherwise.

Press Contacts

For Desktop Metal Investor / Media Relations

Lynda McKinney

press@desktopmetal.com

Investor Relations

Mike Callahan / Tom Cook

DesktopMetalIR@icrinc.com

Please do read the original Press Release here.

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Desktop Metal to acquire EnvisionTEC in $300m deal to enter the DLP 3D printing market

Metal 3D printer manufacturer Desktop Metal has signed a $300 million definitive agreement to acquire DLP system and material producer EnvisionTEC

Once concluded in February 2021, the cash-plus-stock deal will see EnvisionTEC become a wholly-owned subsidiary of the publicly-listed Desktop Metal. The acquisition represents Desktop’s first move into the DLP market, and provides it with access to the growing additive dental, jewelry, and bio-fabrication industries. 

Following Desktop’s announcement, its shares jumped by 7% from $23.20 to $24.99, before settling back at $23.75 by close of trade on Friday. 

“I’m thrilled to partner with Al [Siblani] and the EnvisionTEC team to bring significant growth to the additive market,” said Ric Fulop, Founder, and CEO of Desktop Metal. “Together, Desktop Metal and EnvisionTEC have an opportunity to shape the future of Additive Manufacturing 2.0, and transform how parts are made around the world.”

Desktop Metal’s acquisition of EnvisionTEC could enable it to access the growing 3D printed dental and medical device markets. Photo via PostProcess.

Desktop begins additive expansion 

Through its acquisition deal, Desktop Metal has purchased 100% of EnvisionTEC’s shares at an aggregate purchase price of $300 million. Not all of the funding will be paid in cash, and Desktop Metal will only be required to pay $150 million up-front, with the rest being retained by EnvisionTEC shareholders as stock in the newly-merged company. 

Although the agreement is subject to the customary closing conditions, it’s expected to be concluded in short order, with EnvisionTEC founder Al Siblani staying on as the subsidiary’s CEO. For Desktop Metal, the acquisition ends months of speculation over its potential takeover targets, which began after its merger with Trine Acquisition last year. 

The merger, which valued the new company at $2.5 billion, provided it with a $580 million war chest to capitalize on growth opportunities, and it went live on the NYSE. With its purchase of EnvisionTEC, Desktop Metal has now answered a lot of questions about its ambitions, by showing that it views DLP as vital to the success of its ‘Additive 2.0’ project.

Acquiring EnvisionTEC’s portfolio  

On a call with analysts, Desktop Metal CEO Ric Fulop highlighted several reasons behind the firm’s purchase. Describing EnvisionTEC as “the original innovator in DLP,” Fulop pointed out that although most of its processes are now deployed by “other players in the market,” its continuous polymer printing patents prove its founding role within the industry. 

Desktop Metal was also impressed by the potential of EnvisionTEC’s upcoming DLP 8K Xtreme machine, which it claims is significantly faster than both Formlabs’ 3L and HP’s MJF 5200 systems. Powered by the firm’s patented Projection Array technology, the 8K effectively uses a ‘closed-loop’ printing process to create parts that exhibit “desirable qualities.”

EnvisionTEC’s large-format printer is characterized by a huge 71-liter build volume, and Fulop asserted that it would provide users with “dramatically better price-performance” than its competitors. In addition, despite continued market turbulence, the 8K remains scheduled for a Q1 2021 release, meaning that Desktop could get a rapid return on its investment. 

Once the merger has been completed, the firms plan to seek out collaborative opportunities, and they’ve already earmarked EnvisionTEC’s RAM binder jetting machine as one to watch. The device is essentially an ABB robotic system, that’s designed to offer clients a cost-effective method of producing investment casting and design models. 

Compared to legacy sanding systems, the firm claims that the RAM is 25-50% cheaper, while remaining capable of constructing builds as large as 1828 x 914 x 914 mm. Now, by integrating its Single Pass Jetting (SPJ) technology into the machine, Desktop says that it can “dramatically enhance” its performance, and better address the digital casting market. 

Desktop explores new verticals 

Desktop’s acquisition could open up new markets to its products too, and by absorbing EnvisionTEC’s distributor network, the firm will go from having 80 partners to over 200. Significantly, given the widespread applications of the Envision One within dental 3D printing, Desktop will also be able to expand into what is a growing $10 billion industry. 

In this light, EnvisionTEC’s customer base of 1,000 orthodontic users, and its 190-strong material portfolio (60 of which are dental), provide Desktop with a ready-made foothold in a lucrative market. According to Fulop, the firm’s wide range of qualified materials is “one of the largest in the industry,” and he emphasized that it remains “decades ahead in this area.”

Additionally, the firm has developed two new biocompatible resins called the E-Dent 1000 and E-Denture Pro, which are currently undergoing 510k clearance. Fulop described both as “industry-leading materials” in terms of flexibility and strength, which are capable of yielding novel devices such as same-day arch implants, that “completely revolutionize the market.”

Elsewhere, the two companies have also identified chrome cobalt dentures and jewelry as other areas of opportunity, where combining their technologies could provide them with better market penetration.

“Following the acquisition, our dental clients can now get the parts they want through Desktop’s technology,” Siblani told analysts during the call’s Q&A.

“We also see a lot of synergy in the jewelry market,” he added. “We’ve been a leader in that trade for the last fifteen years because of our material set, and the resolution we can deliver. [Desktop’s technology] will now be translated to some of our larger casting customers, who can go directly to using binder jetting technology for printing gold.” 

Embracing bioprinting technology 

EnvisionTEC has invested heavily in biofabrication via its Bioplotter platform, and Desktop’s acquisition also allows it to access an emerging market in 3D bioprinted implants. The Bioplotter itself is capable of printing biocompatible parts for medical use within bone regeneration, soft tissue surgery, optimized drug release, and in future, fabricating organs. 

Given the technology’s relatively early stage of development, it has often been applied within R&D, and over 1,000 major publications have credited the machine with assisting scientific studies. However, bioprinting is also increasingly being used to fabricate cartilage tissues for injured athletes, and this is something that Desktop now intends to explore. 

Fulop emphasized on the call that EnvisionTEC was also a “biofabrication pioneer,” and that the acquisition provided it with “another opportunity for channel leverage in a nascent market.” Although Fulop conceded that the technology isn’t ready for end-use application yet, he expressed excitement about its “incredible potential” over the next decade. 

“It [biofabrication] has now matured in the research community to the point where we’re going to see cartilage and bone regeneration in areas such as sports medicine,” explained Fulop. “Those aren’t going to be next year, but by the end of the decade it’s going to be a major technology, and it’s something we’re going to continue to invest in.”

The deal’s industry impact 

One obvious result of the merger is that Desktop Metal has gained access to a new DLP vertical, something it views as critical to its ‘Additive 2.0’ strategy of mass-producing polymer parts. Although the move puts Desktop in competition with existing manufacturers such as Carbon, Fulop maintained that in EnvisionTEC, it has found a “diamond in the rough.” 

Desktop Metal’s acquisition also raises the question of whether it represents an ongoing trend, and if the 3D printing market is beginning to consolidate. The ongoing pandemic has hindered the recent revenue growth of many small additive companies and prompted their share prices to fall, but this has created purchasing opportunities for the better-financed firms. 

Stratasys, for instance, acquired DLP manufacturer Origin for $100 million last year. Elsewhere, 3D printed electronics producer Nano Dimension has been steadily accumulating capital, and the company has now raised over $1 billion in funding, encouraging speculation that it too is lining-up a potential industry acquisition. 

Please do read the original article published on the 18th of January by Paul Hanaphy here.

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Massivit3D to go public on Tel Aviv Stock Exchange via IPO at $200 million valuation

Israeli large-format 3D printing firm Massivit3D is set to go public on the Tel Aviv Stock Exchange (TASE) imminently, sources “close to the matter” have told Globes

Before the Initial Public Offering (IPO) goes ahead, market sources believe that Massivit3D aims to raise $50 million in funding, in a deal valuing the company at $200 million. Although it’s currently unclear where this investment will come from, interior design firm Klil Industries and 3D printer manufacturer Stratasys have provided funding in the past. 

“In future, one of the main barriers to adopting 3D printing will be speed,” said Erez Zimerman, CEO of Massivit3D. “That’s why Massivit has developed our technology, in which we can print at least 30 times faster than related systems, and this will allow more and more companies to adopt 3D printing on the industrial side.”

Massivit’s 3D printing technology 

Founded in 2013 and based in the Israeli city of Lod, Massivit3D manufactures and markets large-format 3D printers, in addition to an accompanying array of materials and software. The company’s product range is essentially designed to enable clients in the engineering and architectural markets to create scale one models and parts quickly and cost-effectively. 

Massivit3D’s newest system, the ‘Massivit3D 10000,’ is set to be launched in fall 2021, and is built to address the tooling requirements of those in the automotive and aerospace sectors. The printer operates using the firm’s Cast-In-Motion (CIM) technology, in which a gel is cured, cast into shape, and immersed in water to allow sacrificial materials to break off. 

The machine features a large build volume, that enables users to fabricate complex tooling designs in vast numbers, while accelerating the process of iterating new product designs. Although Massivit3D hasn’t specified the exact build area of its upcoming machine, it does claim that it’s “at least 30 times faster” that similar casting-based systems.

At present, the company holds 52 technology patents, and it has received five contingent purchase orders from clients in the U.S, U.K, France and Taiwan. With its application to be listed on the TASE, Massivit3D is now attempting to accelerate the commercialization of its technology, and expand further into the architecture and renewable energy markets.

The $200 million TASE IPO 

Given that Massivit3D isn’t a publicly-listed company just yet, there’s very little information about its finances in the public domain. However, it’s understood that the firm has raised around $20-$30 million in previous funding rounds, with investors including Klil’s Zvi Neta and Tzuri Daboosh as well as Stratasys. 

Whether Massivit3D’s IPO is financed by these investors again or the company finds new backers remains to be seen, but it has been confirmed that equity firm Poalim IBI will underwrite the offering. Massivit3D’s valuation appears to be based on its earnings and technological potential, and it reportedly turned over $50 million in revenue from 2017 to 2019. 

Although it has also been reported that the company’s sales in 2020 were impacted by the pandemic, it’s now understood to be entering revenue recovery like the rest of the 3D printing industry. 3D Systems, for instance, recently posted strong initial Q4 2020 results, while PyroGenesis’ financial guidance projected growth of over 300%.

Massivit3D was also co-founded by Gershon Miller, a seasoned entrepreneur who has sold firms like Idanit to Scitex before, and most recently sold Objet to Stratasys. As a result, the company’s offering appears to be in safe hands, while more generally, its progress reflects a growing industry enthusiasm for IPOs. 

Desktop Metal went public on the NYSE last year after a merger with Trine Acquisition, which saw the company raise $580 million in capital, effectively funding its $300 million acquisition of EnvisionTEC. Israeli tech firms have also been active on the TASE recently, with additive food company Meat-Tech 3D filing for an IPO in November 2019. 

3D printing on a grand scale

Massivit3D isn’t the only company that manufactures large-format 3D printers, and a range of other scalable systems have developed in recent years. 

Intech Additive Solutions, for instance, has launched its large-format iFusion LF series of metal 3D printers. The machines’ 450 x 450 x 450mm build volumes and broad metal compatibility are geared towards Indian manufacturers operating in the aerospace and automotive sectors. 

Last year at Formnext Connect, German 3D printer manufacturer SLM Solutions launched its large-format challenger with its new NXG XII 600 system. The machine includes a huge 600 x 600 x 600 mm build envelope and twelve optimized 1 KW lasers, that allow it to address the needs of large-volume serial production clients. 

Elsewhere, in a more application-focused approach, 3D Systems is developing the “world’s largest 3D printer” for the U.S. Army. The machine’s 1m x 1m x 600mm build area is designed to enable the fabrication of parts that address the ammunition, vehicle, helicopter, and missile defense demands of the Armed Forces. 

Please do read the original article by Paul Hanaphy here.

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PRESS RELEASE: Desktop Metal to Acquire EnvisionTEC, Entering Market for Volume Production Polymer Additive Manufacturing

EnvisionTEC’s Category-leading Product and IP Portfolios Expand Desktop Metal’s Reach to Photopolymer 3D Printing, Digital Biofabrication, and Digital Casting Markets, Offering Go-to-Market Synergies Via Robust, Vertically-Focused Dental and Jewelry Channels

BOSTON, MA and DEARBORN, MI (January 15, 2021) – Desktop Metal, Inc. (NYSE: DM), a leader in mass production and turnkey additive manufacturing solutions, today announced the signing of a definitive agreement to acquire EnvisionTEC, a leading global provider of volume production photopolymer 3D printing solutions for end-use parts, for total consideration of $300 million, consisting of a combination of cash and newly issued Desktop Metal stock. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions. Following completion of the acquisition, EnvisionTEC will operate as a wholly owned subsidiary of Desktop Metal. EnvisionTEC founder Al Siblani will continue to serve as Chief Executive Officer of the EnvisionTEC business.

“I’m thrilled to partner with Al and the EnvisionTEC team to bring significant growth to the additive market,” said Ric Fulop, Founder and Chief Executive Officer of Desktop Metal. “EnvisionTEC is a true pioneer and responsible for many of the leading technologies widely used today to produce end-use photopolymer parts through additive manufacturing. Together, Desktop Metal and EnvisionTEC have an opportunity to shape the future of Additive Manufacturing 2.0 and transform how parts are made around the world. I look forward to welcoming EnvisionTEC to the Desktop Metal team to deliver world-class additive manufacturing solutions that help make our customers successful.”

“I am excited and honored to partner with Ric and the Desktop Metal team to deliver end-use parts in both metal and polymers as we implement Ric’s vision on the future of Additive Manufacturing 2.0,” said Siblani. “Bringing the two companies together will deliver a global footprint of customers that can cross-benefit from our combined technology platforms. I believe we have many opportunities to scale the business, disrupt traditional manufacturing, expand our customer base, and create value for our shareholders.”

Acquiring a Category Leader with a History of Innovation

As the original inventor of digital light processing (DLP) 3D printing technology, EnvisionTEC has one of the strongest intellectual property portfolios in the area-wide photopolymer 3D printing market, counting over 140 issued and pending patents, which Desktop Metal believes includes blocking intellectual property.

Today, EnvisionTEC has over 5,000 customers across a broad range of industries, including medical devices, jewelry, automotive, aerospace, and biofabrication. In addition, the company is a leader in the dental market, more than tripling the number of Envision One dental shipments from 2019 to 2020 and with over 1,000 dental customers now using its printers for end-use parts. Key customers include Cartier, Celgene, Ford, Hasbro, Oral Arts, Stuller, and Smile Direct Club. In addition to extensive customer adoption, EnvisionTEC has a broad library of over 190 materials, featuring photopolymer resins with material properties in-line with or exceeding those of thermoplastics and multiple FDA-listed and 510(K)-cleared resins for the manufacturing of medical devices. The company augments its robust proprietary material development efforts with a selectively open business model, leveraging relationships with major chemical companies such as Henkel Loctite, DSM Somos, Detax, Keystone, and Arkema to sell third-party, industry-validated resins for use with its additive manufacturing platforms.

Expanding a Unified Product Portfolio Across Metals, Composites, and Polymers

EnvisionTEC brings a compelling product portfolio for producing photopolymers under Desktop Metal’s umbrella, including the new Envision One and Xtreme 8K printing platforms designed for cost-effective volume production. The Xtreme 8K platform, which is expected to begin commercial shipments in the first quarter of 2021, features the largest build area among production-grade DLP printers. The Xtreme 8K leverages patented projection array technology and is capable of delivering build speeds up to 100 times those of legacy thermoplastic 3D printers (1) and at a fraction of the hardware price of comparable solutions. The Envision One platform, which includes models for dental, medical, and industrial segments and for high temperature resins, leverages patented continuous digital light manufacturing (cDLM) and domeless basement technologies to deliver high-speed, end-use parts production with exceptional accuracy.

EnvisionTEC is also a pioneer in digital biofabrication additive manufacturing with its Bioplotter platform, which supports the production of biocompatible parts for medical applications such as bone regeneration, cartilage regeneration, soft tissue fabrication, drug release, and organ printing.

Scaling Distribution and Access to New Verticals Through Complementary Channels

The acquisition more than doubles Desktop Metal’s global distribution network and increases its geographic sales capabilities to 68 countries around the world. EnvisionTEC adds a robust set of vertically-focused partners in the dental and jewelry markets, which Desktop Metal plans to leverage to sell its metal additive manufacturing solutions. In addition, Desktop Metal’s horizontally-focused channel partners will provide an outlet for distributing EnvisionTEC products and scaling its sales, particularly in industrial, education, and R&D segments.

Leveraging Desktop Metal Technology to Advance Digital Casting Solutions

Through this acquisition, Desktop Metal will gain digital casting capabilities via EnvisionTEC’s industrial-scale robotic additive manufacturing (RAM) product platform. EnvisionTEC’s RAM systems, which are available for as little as one-fourth of the price of slower legacy alternatives, use patented technology to produce mold cores and investment casting patterns for foundry applications using either Polymethyl Methacrylate (PMMA) or silica sand. Desktop Metal plans to significantly advance the performance of this platform with the proprietary and patent-pending Single Pass Jetting™ technology originally developed for its Production System™ to drive productivity enhancements and improve part economics across builds as large as 1.8 x 0.9 x. 0.9 meters.

Conference Call Information

Desktop Metal will host a conference call on January 15, 2021 at 8:15 a.m. ET to discuss the transaction. The conference call will be webcast simultaneously to the public through a link on the Investor Relations section of Desktop Metal’s website, www.ir.desktopmetal.com.

(1) Based on print time estimates for professional and industrial extrusion-based 3D printers and using comparable layer thickness and materials.

 

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 and named to MIT Technology Review’s list of 50 Smartest Companies.

For more information, visit www.desktopmetal.com​.

Desktop Metal believes that it can improve the performance of EnvisionTEC’s RAM platform by integrating its proprietary SPJ technology. Photo via Desktop Metal.
Desktop Metal’s acquisition of EnvisionTEC could enable it to access the growing 3D printed dental and medical device markets. Photo via PostProcess.

About EnvisionTEC

EnvisionTEC is a leading global provider of professional-grade 3D printing solutions. Founded in 2002 with its pioneering commercial DLP printing technology, EnvisionTEC now sells more than 30 printer configurations based on five distinct technologies that build objects from digital design files. The company’s premium 3D printers serve a variety of medical, professional and industrial markets, and are valued for precision, surface quality, functionality and speed.

For more information, visit www.envisiontec.com

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