Desktop Metallic and The University of Toledo Institute of Utilized Engineering Research Companion to Establish Nitinol, Rene and Non-Weldable Nickel-Based Alloys Using Production Technique Technology

BOSTON, November 19, 2021–(Enterprise WIRE)–Desktop Metallic (NYSE: DM) and The College of Toledo Institute of Utilized Engineering Research nowadays announced a partnership to guidance the development of nickel-titanium (Nitinol) alloys, Rene alloys, and other non-weldable nickel-primarily based, substantial-temperature materials on the Generation SystemTM platform, which leverages patent pending One Go JettingTM (SPJ) technologies developed to achieve the fastest establish speeds in the steel additive production marketplace.

“We are thrilled to associate with The College of Toledo on this disruptive technologies development, opening up a remarkable chance for clinical, aviation, and area programs ” reported Ric Fulop, Founder and CEO of Desktop Metal. “Our Creation System system enables the growth of new resources for binder jet 3D printing that can be applied for at-scale manufacturing. We’re proactively partnering with major analysis universities around the planet to speed up materials improvement and search forward to functioning with The College of Toledo to progress the improvement of Nitinol and other crucial alloys for binder jetting.”

“Our partnership with Desktop Steel will carry a Production System P-1 to our lab and open new horizons in materials and application improvement,” stated Behrang Poorganji, Ph.D., Research Professor and Director of Sophisticated Producing at The College of Toledo Higher education of Engineering. “By combining our metallurgy, software program, chemistry, and style abilities, this partnership will allow for us to go after the improvement of quite a few innovative elements, which include Nitinol, a form memory alloy employed for quite a few clinical programs extremely-higher temperature nickel-based mostly superalloys, these kinds of as Rene alloys, for aerospace conductive materials these kinds of as pure copper for electrification and light-weight elements such as highly developed aluminum alloys for automotive apps. We believe that our collaboration with Desktop Metal will accelerate our education and learning, instruction, and workforce enhancement, which will be crucial to thriving technology adoption in the industry for the long run decades forward of us.”

About Desktop Steel

Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating the transformation of manufacturing with an expansive portfolio of 3D printing answers, from rapid prototyping to mass manufacturing. Started in 2015 by leaders in superior production, metallurgy, and robotics, the organization is addressing the unmet issues of speed, value, and top quality to make additive producing an critical instrument for engineers and makers close to the entire world. Desktop Metal was chosen as one particular of the world’s 30 most promising Technology Pioneers by the Earth Economic Discussion board, named to MIT Technology Review’s record of 50 Smartest Organizations, and the 2021 winner of Rapid Company’s Innovation by Design Award in supplies. For far more facts, take a look at www.desktopmetal.com.

Forward-searching Statements

This press launch includes specified ahead-wanting statements within the indicating of the federal securities guidelines. Ahead-hunting statements usually are recognized by the terms “think,” “task,” “anticipate,” “foresee,” “estimate,” “intend,” “system,” “potential,” “chance,” “plan,” “might,” “should really,” “will,” “would,” “will be,” “will carry on,” “will most likely outcome,” and similar expressions. Forward-wanting statements are predictions, projections and other statements about foreseeable future functions that are centered on recent anticipations and assumptions and, as a consequence, are topic to challenges, uncertainties. Lots of things could induce genuine long run activities to differ materially from the ahead-seeking statements in this doc, such as but not limited to, the risks and uncertainties established forth in Desktop Steel, Inc.’s filings with the U.S. Securities and Exchange Commission. These filings determine and tackle other vital pitfalls and uncertainties that could trigger real activities and effects to vary materially from people contained in the ahead-looking statements. Ahead-searching statements speak only as of the day they are produced. Visitors are cautioned not to set undue reliance on forward-searching statements, and Desktop Metallic, Inc. assumes no obligation and does not intend to update or revise these forward-on the lookout statements, irrespective of whether as a outcome of new facts, potential gatherings, or in any other case.

Check out source version on businesswire.com: https://www.businesswire.com/news/household/20211119005430/en/

Contacts

Media Relations:
Caroline Legg
carolinelegg@desktopmetal.com
(203) 313-4228

Trader Relations:
Jay Gentzkow
jaygentzkow@desktopmetal.com
(781) 730-2110

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