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.

Spotlight

Biopharmaceutical companies take on a lot of risks developing new large molecule drugs. With more complex molecules in development, changing capacity needs, uncertain forecasts and increased competition, the market demands flexibility and innovative approaches to address today’s new challenges.

Spotlight

Biopharmaceutical companies take on a lot of risks developing new large molecule drugs. With more complex molecules in development, changing capacity needs, uncertain forecasts and increased competition, the market demands flexibility and innovative approaches to address today’s new challenges.

Related News

Novolex Named Winner of 2020 Manufacturing Excellence Award for Innovation

Novolex, Association of Washington Business | October 09, 2020

Novolex®, a pioneer in packaging choice, maintainability and development, has been named the victor of the 2020 Manufacturing Excellence Award for Innovation. The honor, introduced by the Association of Washington Business (AWB), respects the activities of Shields, a Novolex brand situated in Yakima, Wash., for retooling its assembling abilities to deliver defensive seclusion outfits during the COVID-19 pandemic. Utilizing complex gear, the Shields plant regularly creates food bundling and compartments at its Washington offices in Yakima. However, after the pandemic hit, the organization rapidly repurposed its hardware to produce clinical seclusion outfits, which have been among the most desperately required kinds of individual defensive gear (PPE) and hard to find. "When we learned there was a critical need for PPE, we immediately got to work adapting our facilities to produce medical gowns," said Scott Houtz, Regional Manufacturing Director of Novolex. "We're very honored to receive this award, and we're incredibly proud to help protect the many frontline workers who continue to protect all of us." AWB President Kris Johnson introduced the honor basically during the affiliation's 2020 Manufacturing Week web broadcast this week. "Novolex is a great example of how Washington manufacturers responded during a time of need and quickly adapted their production facilities," Johnson said. "In March, Shields Bag in Yakima – operated by Novolex – responded to a call from AWB asking our manufacturing members for help. We sent out a call asking for manufacturers that could retool their operations to make PPE like masks, gowns, face shields and other gear. By May, Novolex's nearly 1,000 employees in Yakima had ramped up to produce a million isolation gowns per week using equipment that had been used to make bags for tortillas and other food products. "It was an incredible response during an unprecedented time and we're proud to recognize Novolex for their contributions to our state and nation," Johnson added. The Innovation Award was the first of four Manufacturing Excellence Awards that AWB is reporting this week. Novolex is additionally one of three finalists for the Operational Excellence Award. About Novolex: Novolex develops and manufactures diverse packaging and food service products that touch nearly every aspect of daily life for multiple industries ranging from grocery, food packaging, restaurant and retail to medical applications and building supplies. The Novolex family of brands provides customers innovative paper and plastic solutions for their business needs today while investing in research and development to engineer more sustainable choices for the future. With more than 10,000 employee families, Novolex operates 61 manufacturing centers and administrative offices in North America and Europe, including two world-class plastic film recycling facilities. About the Association of Washington Business: Formed in 1904, the Association of Washington Business is Washington's oldest and largest statewide business association, and includes nearly 7,000 members representing 700,000 employees. AWB serves as both the state's chamber of commerce and the manufacturing and technology association. While its membership includes major employers like Boeing and Microsoft, 92 percent of AWB members employ fewer than 100 people. More than half of AWB's members employ fewer than 10.

Read More

Optomec Launches New Inline Production 3D Additive Electronics Printer

businesswire | January 13, 2021

Optomec is declaring an advancement progressed gadgets bundling answer for fulfill the unending need for scaling down of portable and wearable items. The Aerosol Jet HD2, utilizes Optomec's licensed Aerosol Jet 3D Electronics Printing answer for produce high goal hardware, including a special capacity to administer conformal 3D interconnects between kick the bucket, chips, segments and substrates. This interconnect approach is even more remarkable due its improved exhibition at high frequencies, particularly for 5G and mmWave applications. Optomec's Aerosol Jet HD2 focuses on the current $4 Billion market for back-end Semiconductor Packaging and Assembly hardware. This incorporates contending advances, for example, wire holding and administering, where shipments normal 5,000 – 10,000 machines yearly. The Aerosol Jet arrangement works by accuracy flying or "printing" an incredibly fine fog of nanoparticle-based inks onto a surface. The HD2 can print highlights as thin as 10 microns with arrangement precision under 5 microns. The nanoparticles are then sintered together, framing a strong metal conveyor of copper, gold or silver. Protecting and sticky materials can likewise be applied by the Aerosol Jet cycle with an assortment of regular IC bundling dielectric materials. As an essential application, the Aerosol Jet HD2 can fill in as a drop-in swap for the many years old technique for interfacing electrical parts with wire bonds, which experience the ill effects of a few basic inadequacies. In the first place, wire bonds require high effect mechanical contact with the IC, frequently creating scrap, particularly with delicate, cutting edge gallium-based chips. Second, wire bond circles require additional room inside the bundle, making it harder for originators to make smooth, small gadgets to satisfy the needs of shopper hardware. Third, wire securities can interfere with the high recurrence mmWave signals needed for 5G correspondences, car radar, and numerous other arising applications. The HD2 gadgets printer can likewise be utilized to print transmission lines, sensors and reception apparatuses on a wide assortment of materials including basic polymers, IC materials, FR4, glass, artistic and even metals. The HD2 was intended for high volume fabricating and incorporates creation inviting programming that guides administrators through a streamlined beginning up cycle, guaranteeing QA consistence. The machine is likewise accessible with an in-line passing on choice for mechanized part stacking. It can handle substrates or part plate up to 300 mm wide and is accessible with a turn table for 4-pivot preparing. “The HD2 really changes the way designers think about IC packaging,” said Bryan Germann, Aerosol Jet Product Manager. “Not only can it reduce the size of the final electronics package, but it also out-performs wire bonding when it comes to high-frequency signals. Wire bonds simply produce a lot of inductance for RF applications above 40 GHz.” Optomec is a secretly held, quickly developing provider of Additive Manufacturing frameworks. Optomec's protected Aerosol Jet Systems for printed gadgets and LENS 3D Printers for metal parts are utilized by industry to lessen item cost and improve execution. Together, these novel printing arrangements work with the broadest range of practical materials, going from electronic inks to underlying metals and even organic issue. Optomec has in excess of 300 marquee clients around the globe, focusing on creation applications in the gadgets, energy, life sciences and aviation ventures.

Read More

OPERATIONS

SMTNW Selects Aegis’ FactoryLogix IIoT-Based Manufacturing Operations Platform

SMTNW | February 02, 2022

On February 1, Aegis Software, a global provider of Manufacturing Operations Management (MOM/MES) software, announced that SMTNW Inc., a leading provider of Electronics Manufacturing Services (EMS) for various manufacturing projects, has chosen Aegis' FactoryLogix® platform. SMTNW's goal in deploying a flexible and modular platform throughout its manufacturing facilities is to support its further expansion and dedication to providing the best quality products on time. FactoryLogix's unique, native, agile, and contextualized platform will enable SMTNW to eliminate separate systems, enhance the production capacity, obtain factory-wide insight, and deliver high-quality products more quickly. SMTNW Inc. has been a cornerstone of the Pacific Northwest since 1996, delivering state-of-the-art electronic manufacturing services. Its purpose is to expand and embrace technology to provide its clients with the highest quality electronics. "Our decision to select Aegis' FactoryLogix MES platform was based on their extensive experience developing and delivering innovative, configurable, and feature-rich MES solutions. We needed a partner with a profound understanding of our business and a platform that could adapt and scale to support our smart factory initiatives today and, in the future,We were seeking a best-in-class platform that was complete and robust enough to provide us with the capabilities necessary to elevate productivity, quality, traceability, and visibility to a whole new level." -Dustin Green, CEO, SMTNW. SMTNW Inc. will implement a broad range of capabilities, including production process planning, adaptive scheduling, interactive work instructions, manufacturing execution and tracking, IIoT connectivity and contextualization, product and process traceability, quality management, and manufacturing intelligence. "SMTNW has an extensive history of manufacturing diverse and complex products, inherently accompanied by extremely tight and changing deadlines as well as expectations for the highest level of quality. To support increasing customer expectations, changing business dynamics, and aggressive growth goals, innovative companies like SMTNW require a truly singular and feature-rich platform natively designed to adapt to any manufacturing process on-demand. "Jason Spera, CEO, and Co-Founder, Aegis Software, will provide SMTNW with an out-of-the-box industry 4.0 platform that will catapult their operations to the next level, We are excited to work together with SMTNW to leverage cutting-edge technology to help them achieve their operational and financial goals." -Jason Spera, CEO, and Co-Founder, Aegis Software. FactoryLogix is a comprehensive and flexible IIoT-based Manufacturing Operations Management platform that combines cutting-edge technology with simply customizable modules to support and execute a discrete manufacturer's Industry 4.0 strategy. FactoryLogix covers the entire product lifecycle, from product introduction, material logistics, manufacturing execution, and quality control to advanced analytics and real-time dashboards. This end-to-end platform enables businesses to speed product launches, streamline processes, increase quality and traceability, decrease costs, and get a better insight to achieve a competitive edge and profitability.

Read More