Desktop Metal becomes the only publicly traded company in the world for Pure-Play Additive Manufacturing 2.0

businesswire | December 10, 2020

Work area Metal, Inc. a pioneer in large scale manufacturing and turnkey added substance fabricating arrangements, and Trine Acquisition Corp, a specific reason obtaining organization drove by Leo Hindery, Jr. what's more, HPS Investment Partners, a worldwide acknowledge speculation firm for over $60 billion in resources under administration, today declared the fruition of their recently reported business blend. The subsequent organization is named Desktop Metal, Inc. also, its normal stock and warrants are required to begin exchanging on the New York Stock Exchange under the new ticker image "DM" and "DM.WT" on December 10, 2020.

The exchange was consistently affirmed by the top managerial staff of Trine and was likewise endorsed at an exceptional gathering of Trine's investors on December 8, 2020. Because of this exchange, Desktop Metal has gotten around $580 million of gross continues from Trine's trust account and simultaneous value private situations.

“Today is an exciting moment and major milestone for our company and for the additive manufacturing (AM) industry at large,” said Ric Fulop, Co-founder and Chief Executive Officer of Desktop Metal. “With a broad portfolio of solutions offering revolutionary ease-of-use and productivity for the AM industry, Desktop Metal is uniquely positioned to disrupt how parts are made across a wide range of industries. The capital raised through our transition to a publicly traded company will accelerate our global go-to-market efforts, enhance our relentless efforts in R&D, and allow us to capitalize on the tremendous growth opportunities we see over the next decade as we integrate industry-leading technology and intellectual property with strong secular growth trends around AM. We are excited to bring Desktop Metal to the public markets as the only pure play Additive Manufacturing 2.0 (AM 2.0) company and offer everyone the opportunity to invest in a company aiming to transform the manufacturing industry.”

Established in 2015 with a dream to pioneer innovation that changes the manner in which parts are created through AM, Desktop Metal has immediately developed to turn into a worldwide venture offering an assorted set-up of AM arrangements. Driven by an accomplished group with profound operational and logical family, Desktop Metal has dispersion in excess of 60 nations around the globe and appropriation from driving organizations traversing an expansive cluster of enterprises, including car, customer items, mechanical computerization, clinical gadgets, aviation and safeguard.

The Company's item portfolio is moored by its leader Production SystemTM P-50, which is planned to start volume business shipments in the second 50% of 2021. The P-50 is intended to accomplish print accelerates to multiple times those of heritage technologies(1), conveying a huge number of parts every day at costs serious with traditional assembling. The as of late uncovered Production System P-1 use a similar patent-forthcoming Single Pass JettingTM innovation as the P-50 and starts beginning shipments to clients in Q4 2020. Work area Metal's AM 2.0 portfolio additionally incorporates Shop SystemTM, a mid-volume, adaptable assembling arrangement intended for machine shops which started volume fabricating and worldwide shipments in Q4 2020; Studio SystemTM, an office-accommodating metal 3D printing framework for low-volume creation which has been transporting in volume internationally since 2018; and FiberTM, a ceaseless fiber composite printer, booked to start volume business shipments in Q4 2020.

Spotlight

Eric Utley, an applications specialist at Protolabs, tells us why additive manufacturing is often capable of much more than conventional processes. In this video, Eric Utley, Application specialist at Protolabs shows us a metal rocket engine model part which incorporates conformal cooling channels within the wall structure, a geometry impossible to manufacture with conventional techniques.

Spotlight

Eric Utley, an applications specialist at Protolabs, tells us why additive manufacturing is often capable of much more than conventional processes. In this video, Eric Utley, Application specialist at Protolabs shows us a metal rocket engine model part which incorporates conformal cooling channels within the wall structure, a geometry impossible to manufacture with conventional techniques.

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