Desktop Metal Has Begun Shipments of the Production System P-50 To Its First Customer, Stanley Black & Decker

On February 28, Desktop Metal announced that Stanley Black & Decker (NYSE: SWK) had received its first Production SystemTM P-50 printer. This marked the start of the company's flagship additive manufacturing technology for mass production of end-use metal parts.

The P-50, one of the most anticipated advanced manufacturing systems ever produced, is the result of approximately $100 million in investment and a four-year research program led by Desktop Metal engineers and materials experts. The P-50 is designed to make a lot of high-performance metal parts quickly and cheaply, so it can compete with traditional manufacturing.

Stanley Black & Decker, the first P-50 customer, is a mission-driven industrial company that owns the world's most effective tool and storage business, including iconic brands like DEWALT, BLACK+DECKER, and CRAFTSMAN.

The Production System: The World's Fastest Method for Large-Scale 3D Printing of Metal Parts
The Production System, developed by the creators of binder jetting and single-pass inkjet technology, is an industrial manufacturing platform that utilizes Desktop Metal's Single Pass JettingTM technology. It is intended to attain speeds up to 100 times faster than existing powder bed fusion additive manufacturing methods and enable the production of millions of components per year at a cost comparable to conventional mass production techniques. In addition, the platform offers a rich materials library that includes ten certified metal alloys, ranging from commercially pure copper to stainless steels such as 17-4PH, with further metal alloys now under development.

Visit www.desktopmetal.com/products/production for additional information about the P-1, the P-50, and Production System technologies.

*The information in this press release may be forward-looking, as defined by federal securities laws.