Desktop Metal Accelerates its Growth Trajectory Within Rapidly Growing Additive Manufacturing Market

Desktop Metal | August 27, 2020

Desktop Metal, Inc. a leader in mass production and turnkey additive manufacturing solutions, announced today it will become a publicly listed company in order to accelerate its growth trajectory within the rapidly growing additive manufacturing market and capitalize on the strong secular tailwinds supporting the reshoring of manufacturing and supply chain flexibility. The Company has signed a definitive business combination agreement with Trine Acquisition Corp., a special purpose acquisition company led by Leo Hindery, Jr. and HPS Investment Partners, a global credit investment firm with over $60 billion in assets under management. Upon closing of the transaction, the combined operating company will be named Desktop Metal, Inc. and will continue to be listed on the New York Stock Exchange and trade under the ticker symbol “DM.”

The additive manufacturing industry grew at a 20 percent annual compound rate between 2006 and 2016 before accelerating to 25 percent compound annual growth over the last 3 years, a rate that is expected to continue over the next decade as the market surges from $12 billion in 2019 to an estimated $146 billion in 2030. This market inflection is being driven by a shift in applications from design prototyping and tooling to mass production of end-use parts, enabled by the emergence of what Desktop Metal refers to as “Additive Manufacturing 2.0,” a wave of next-generation additive manufacturing technologies that unlock throughput, repeatability, and competitive part costs. These solutions feature key innovations across printers, materials, and software and pull additive manufacturing into direct competition with conventional processes used to manufacture $12 trillion in goods annually.


Mitsubishi Electric is meeting the needs of companies that plan to automate their processes and invest in robots, but would not want to invest too much. Watch the video and see how modern industrial automation solutions support the growth of manufacturing companies.


Mitsubishi Electric is meeting the needs of companies that plan to automate their processes and invest in robots, but would not want to invest too much. Watch the video and see how modern industrial automation solutions support the growth of manufacturing companies.

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Materialise | March 21, 2023

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