3D PRINTING

The ETEC 3D Printer Brand Launches Desktop Metal Industrial Manufacturers: A Huge Step Forward in Digital Mass Production of Polymers

Desktop Metal | February 11, 2022

On February 10, Desktop Metal, a global leader in additive manufacturing technologies for mass production, announced the launch of ETEC, a new 3D printing brand that will allow EnvisionTEC, the inventor of digital light processing (DLP) technology, to connect with industrial customers more effectively.

The new brand logo is an overhead picture of DLP's renowned construction tray, in which resin is turned into anything a buyer may dream of using a digital light projector. It's complemented by a redesigned style and feel that's structured, smooth, bold, and durable, as well as a new marketing approach.

Since 2002, EnvisionTEC 3D printers have set the standard for accuracy and surface polish in the healthcare, dental, medical, and jewelry sectors. After acquiring EnvisionTEC in 2021, Desktop Metal formed Desktop Health to focus on healthcare and dentistry customers. ETEC (pronounced "Tek") will now focus exclusively on delivering high-speed photopolymer 3D printing solutions to volume makers of consumer and industrial items.

"Desktop Metal’s integration strategy is to focus on customers and their application needs first, so we can craft the most personalized and compelling business case for them to adopt Additive Manufacturing 2.0 technologies for volume production, Our launch of ETEC and Desktop Health allows us to speak more directly to specific customers with focused needs and serve them better. In addition, ETEC offers incredibly powerful 3D printers paired with exclusive materials that are already driving a new wave of consumer and industrial innovation."

-Ric Fulop, Desktop Metal Founder and CEO.

Using 3D printing technology, materials, software, and applications in the right way, Desktop Metal wants to help more and more manufacturers move into AM 2.0, which means more design flexibility, less waste, faster time-to-market, and less money spent while making their supply chains less risky.

For instance, ETEC has teamed with Adaptive3D, another Desktop Metal company, to provide its best-in-class 3D printed photo elastomers only on ETEC additive manufacturing systems, enhancing their performance through close integration of hardware and materials.

ETEC currently has one of the most comprehensive portfolios of photopolymer 3D printing materials on the market, including Elastic Tough Rubber 90 (ETR 90), the industry's highest rip strength elastomer. ETR is used in various consumer and industrial products, including power tool adapters and recoil pads. Adaptive3D's more extensive library of elastomers could be used in more places, like shoe midsoles, seat cushions, and more.
*According to federal securities laws, some of the information in this news release is "forward-looking."

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MANUFACTURING TECHNOLOGY

Hyperbat's EV battery expertise wins £multi-million Lotus Evija contract

Lotus | December 20, 2022

One of the UK's leading manufacturers of high-performance electric vehicle battery packs has sealed a £multi-million-pound contract to supply batteries to Lotus for its new all-electric Evija, the world's most powerful production car. Hyperbat was formed to bring together Williams Advanced Engineering's (WAE) EV battery expertise with Unipart's capability in manufacturing safety-critical products for premium OEMs. This combination of engineering excellence and Tier 1 manufacturing capability was established to support the scale-up of EV production in the UK and will manufacture the 90kWh lithium-ion battery packs destined for use in the first British-made all-electric hypercar. Full production will take place at the firm's brand-new production line at Unipart Manufacturing Group's site in Coventry. The mid-mounted battery pack will support a target output of 2000 PS and performance targets of 0-62mph in under three seconds and a top speed of over 200mph. "To win a contract with Lotus to supply battery packs for the world's most powerful production car demonstrates the exceptional technology and manufacturing expertise we have at Hyperbat. This comes from decades of experience as a first-tier automotive industry manufacturer and is an example of how Hyperbat can continue Britain's heritage at the frontier of technological innovation in the automotive industry, coupled with Unipart's expertise in execution.Required performance levels will be facilitated by our proprietary welding and joining technologies, which, alongside the deployment of the latest digital technologies, are critical to achieving the highest levels of performance and product quality. We are one of the few companies to have invested in this advanced manufacturing technology which is enhanced by the research and development work carried out by the Institute of Advanced Manufacturing and Engineering (AME), who offer on-site support to our R&D team and are a perfect example of Industry and Academia working in partnership.This gives Hyperbat a digital advantage when it comes to highly complex battery manufacture for the world's most demanding customers." -Andy Davis, Director at Hyperbat. The manufacturing process involves assembling 12,000 components split across 500 unique parts and 100,000 welds in each pack. This is a complex process for which Hyperbat employs a unique system using cameras, sensors and vision systems to monitor data for each of the battery components. "We have been working with Unipart and Hyperbat for a number of years and are confident in their ability to deliver the quality of product and the level of Tier 1 manufacturing support Lotus needs for such a prestigious project. With this in mind, we are therefore delighted to appoint Hyperbat for battery production for Lotus' first fully electric hypercar." -Mark Edwards, Executive Director, Engineering, Lotus Cars. Hyperbat has experience across a wide variety of high-performance road car and global electric motorsport programmes and is able to access this expertise and learning to support new customers. The company is committed to selecting the best and most competitive supply solutions and is actively engaged with the Advanced Propulsion Centre to grow the UK's EV supply chain capability through its "H1perChain" project. Andy Davis added: We are immensely proud to have been chosen as the battery manufacturer for this prestigious programme and are delighted to be delivering a premium battery for a premium application. Our success in battery manufacturing focuses on three things – getting the core processes right, ensuring repeatability and reliability of the complete manufacturing process, and accelerating speed to market. Hyperbat is now working with its shareholders and partners across government, industry and academia to ensure it continues to develop the skills needed for the UK to lead the way in battery manufacturing. James Hoxey, Commercial Director at Hyperbat, concluded: We have spent the last few years developing and proving our capability, and this nomination is an important milestone for our business, enabling us to demonstrate what Hyperbat can provide to the market. The level of interest in the business and our capability is growing rapidly and further new business will undoubtedly follow. Hyperbat is part of a consortium of businesses using the latest 5G-enabled technology to speed-up its manufacturing processes. Partnered with BT, Ericsson and NVIDIA to benefit from the world's first 5G virtual reality (VR) 'digital twin' solution, the company can leverage remote teams in different parts of the country to connect, collaborate and interact using a virtual 3D engineering model.

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MANUFACTURING TECHNOLOGY

Lordstown Motors and Foxconn Broaden Strategic Partnership

Lordstown Motors | November 08, 2022

Lordstown Motors Corp. (“Lordstown Motors” or “LMC”) (Nasdaq: RIDE), an original equipment manufacturer of electric vehicles focused on the commercial fleet market, and Foxconn Ventures Pte. Ltd., an affiliate of global technology company Hon Hai Technology Group (“Foxconn”) (TWSE: 2317), today announced that they reached an agreement pursuant to which Foxconn agreed to make additional equity investments in LMC (collectively, the “Investment Transactions”) in the form of $70 million of LMC’s Class A common stock, $0.0001 par value per share (the “Common Stock”), and up to $100 million of a newly created Series A Convertible Preferred Stock, $0.0001 par value per share (the “Preferred Stock,” and together with the Common Stock, the “Securities”). Upon completion of the Investment Transactions, Foxconn is expected to hold all of LMC’s outstanding Preferred Stock and 18.3% of its Common Stock on a pro-forma basis, and will have the right to designate two members of LMC’s Board of Directors. Lordstown Motors will use the proceeds from the sale of the Common Stock for general corporate purposes and the proceeds from the sale of the Preferred Stock to fund development and design activities for a new electric vehicle program in collaboration with Foxconn (the “EV Program”). The $100 million direct Preferred Stock investment replaces the joint venture funding previously announced by Foxconn and LMC. Pursuant to the agreements governing the Investment Transactions, at an initial closing expected to be held on or about November 22, 2022 (the “Initial Closing”), subject to customary conditions, Foxconn will purchase an aggregate of approximately 12.9 million shares of Common Stock at a purchase price of $1.76 per share, resulting in total proceeds of $22.7 million, and 300,000 shares of Preferred Stock at a purchase price of $100 per share, resulting in total proceeds of $30 million. The remaining shares of Preferred Stock will be purchased by Foxconn based on achieving certain EV Program funding milestones to be agreed-upon by the parties. Following receipt of applicable regulatory approvals, including a review by the Committee on Foreign Investment in the United States (“CFIUS”), and subject to other customary conditions, Foxconn will purchase an additional 26.9 million shares of Common Stock at a purchase price of $1.76 per share, resulting in total proceeds of approximately $47.3 million (the “Subsequent Common Closing”). Pursuant to the transaction agreements, Foxconn has also been granted the right to participate in future equity offerings by LMC to prevent dilution of its ownership interest. The agreements governing the Investment Transactions provide, among other things, that: Conversion Rights and Limitations: Upon certain terms and conditions, Foxconn can convert the Preferred Stock into shares of Common Stock and LMC can force a conversion of the Preferred Stock into shares of Common Stock, in each case, at a conversion price of $1.936, subject to customary adjustments. Conversion of the Preferred Stock is subject to the following ownership limitations (the “Ownership Limitations”): the Preferred Stock cannot be converted if Foxconn would own in excess of 9.99% of LMC’s outstanding Common Stock at any time prior to CFIUS clearance and the Subsequent Common Closing, or 19.99% of LMC’s outstanding Common Stock at any time prior to LMC obtaining stockholder approval. Voting Rights and Limitations: The Preferred Stock is generally entitled to vote with the Common Stock as a single class on an as-converted basis. However, Foxconn is not entitled to vote its Preferred Stock to the extent that Foxconn would have the right to vote in respect of its Common Stock, Preferred Stock, or other capital stock an amount that would exceed the Ownership Limitations. Standstill: Until at least December 31, 2024, without approval of LMC’s Board of Directors, Foxconn is prohibited from acquiring any equity securities of LMC if after any such acquisition Foxconn and its affiliates would own in excess of the following amounts of LMC’s voting stock: 9.99%, at any time prior to CFIUS clearance and the Subsequent Common Closing; 19.99%, at any time prior to LMC obtaining stockholder approval; and 24%, at all times following the Subsequent Common Closing and after receipt of the requisite stockholder approval. Board Representation: Foxconn will have the right to appoint two designees to LMC’s Board of Directors after receiving CFIUS clearance and consummation of the Subsequent Common Closing. Foxconn will relinquish its Board seats if it does not maintain a certain level of ownership of LMC’s capital stock. Voting Agreement: Until at least December 31, 2024, Foxconn has agreed to vote all of its shares of Common Stock and Preferred Stock (to the extent then entitled to vote) in favor of each director recommended by the Board and in accordance with any recommendation of the Board on all other proposals (other than any action related to any merger or business combination or other change of control transaction or sale of assets). Participation Rights: Following the Subsequent Common Closing, other than with respect to certain excluded issuances, Foxconn has the right to participate in securities offerings proposed to be made by LMC, provided, that LMC is not required to sell Foxconn securities if LMC would be required to obtain stockholder approval under any applicable law or regulation. Termination of Existing JV Arrangement: LMC and Foxconn have agreed to terminate the existing joint venture arrangement between Lordstown EV Corporation and Foxconn EV Technology, Inc. The EV Program and future vehicle development are expected to take place within LMC. “Since announcing our first transaction with Foxconn more than a year ago, it has been our objective to develop a broad strategic partnership that leverages the capabilities of both companies. Foxconn’s latest investment is another step in that direction. Our Board of Directors and management team strongly believe that deep collaboration with the Foxconn EV ecosystem, including the Mobility-in-Harmony (MIH) open-source platform, offers tremendous opportunities to meet our mutual ambition to accelerate EV adoption globally. I look forward to welcoming Foxconn representatives to our Board and exploring other ways to deepen our partnership.” -Daniel Ninivaggi, Executive Chairman of LMC. Edward Hightower, CEO and President of LMC commented: Over the last year, the LMC and Foxconn teams have worked collaboratively to bring the Endurance into commercial production, despite numerous external challenges. We acknowledge and appreciate the confidence in our team that is shown by this investment. The combination of LMC’s experienced vehicle development team, Foxconn’s growing EV ecosystem, the MIH platform, and our asset-light business model will allow us to bring great EVs to market faster and more efficiently. About Lordstown Motors Corp. Lordstown Motors is an original equipment manufacturer (OEM) of electric vehicles focused on the commercial fleet market, with the Endurance all electric pick-up truck as its first vehicle being launched at the Foxconn EV plant in the Lordstown, Ohio facility. Lordstown Motors has engineering, research and development facilities in Farmington Hills, Michigan and Irvine, California.

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MANUFACTURING TECHNOLOGY

Innodisk Proves AI Prowess with Launch of FPGA Machine Vision Platform

Innodisk | November 24, 2022

Innodisk, a leading global provider of industrial-grade flash storage, DRAM memory and embedded peripherals, has announced its latest step into the AI market, with the launch of EXMU-X261, an FPGA Machine Vision Platform. Powered by AMD's Xilinx Kria K26 SOM, which was designed to enable smart city and smart factory applications, Innodisk's FPGA Machine Vision Platform is set to lead the way for industrial system integrators looking to develop machine vision applications. Automated defect inspection, a key machine vision application, is an essential technology in modern manufacturing. Automated visual inspection guarantees that the product works as expected and meets specifications. In these cases, it is vital that a fast and highly accurate inspection system is used. Without AI, operators must manually inspect each product, taking an average of three seconds per item. Now, with the help of AI solutions such as Innodisk's FPGA Machine Vision Platform, product inspection in factories can be automated, and the end result is not only faster and cheaper, but can be completely free of human error. Innodisk's FPGA Machine Vision Platform comes with 1GbE LAN, 4 USB 3.1 Gen1 ports, 2 M.2 slots, and a series of other expansion and connectivity options. Thanks to the platform's 0° to 70 °C operational temperature support, and optional industrial temperature support from -40° to +85°C, EXMU-X261 is tough enough for the harshest of industrial environments. In addition, EXMU-X261 features support for Innodisk's InnoAgent out-of-band remote management module, allowing the platform to be remotely managed from anywhere, even during a system crash or an in-band network failure. This is important for any automated system, as it allows for it to be completely unmanned, which further reduces manpower and maintenance costs. Customers can take advantage of AMD's Xilinx Kria K26 SOM's ability to quickly get applications to market thanks to EXMU-X261's full support for Innodisk's AI Suite SDK. The suite includes an FPGA Model Zoo, as well as Innodisk's in-house software solutions, such as iCAP (Innodisk Cloud Administration Platform), and iVIT (Innodisk Vision Intelligence Toolkit). iVIT for example, provides a deep learning environment for efficient development and deployment of "no-code-operation" solutions.

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MANUFACTURING TECHNOLOGY

ADVANCED BATTERY CONCEPTS AND EXIDE INDUSTRIES LIMITED ANNOUNCE COMMERCIALIZATION PLAN

ADVANCED BATTERY CONCEPTS | November 18, 2022

Advanced Battery Concepts, LLC (ABC) and Exide Industries Limited, an Indian corporation, announced their mutual intent to develop a commercial plan to manufacture and sell ABC's Box-BE™ Battery Energy Storage Systems in the Indian marketplace. Both parties have agreed to "scope-out and define a program for jointly commercializing the energy storage products in India". Under this non-binding letter of intent, ABC and Exide will jointly work together to determine and explore the business opportunities, applications and addressable markets exist in India for the Energy Storage System containing the proprietary bipolar storage batteries invented by Advanced Battery Concepts. To that end, they will agree on the design of a commercial EverGreenSeal™ battery and the appropriate testing of the resulting product or products. Based on successful testing of the battery design and favorable market indicators for investing and producing the products, further steps will emerge as a result of this initial effort. ABC pioneered new lead battery manufacturing technologies and proprietary bipolar architecture to offer energy storage solutions with superior economics compared to lithium-ion, traditional lead batteries and other rival technologies. The company's years of battery developments and successful innovation has led to the invention of EverGreenSeal™ --their breakthrough battery technology which is supported by a broad portfolio of patents and trade secrets. This is a battery designed from the inside-out with "End-Of-Life re-manufacturability" as a leading objective within the design and construction of the new EverGreenSeal batteries. This extraordinary battery, after a long service life, is deconstructed, the primary materials collected and using novel processes, the active materials are efficiently recycled and built into a new EverGreenSeal battery, with full warranty and service life. ABC has recently launched the Box-BE™ ESS product line in the U.S. – the first system to take advantage of the numerous benefits of EverGreenSeal technology. The numerous economic, environmental and sustainability advantages of EverGreenSeal battery technology figured prominently in Exide Industry's interest in exploring manufacturing and marketing within their Indian marketplace. Both companies have many years of mutual cooperation and look forward to working together on this next commercial opportunity. Advanced Battery Concepts manufactures and sells the most economically, socially, and environmentally responsible energy storage solutions available today. The business focuses on residential and long duration energy storage systems, built on a foundation of proprietary technology termed EverGreenSeal™ Technology. ABC's energy storage provides longest life, lowest installation costs, truly safe operation and a 100% evergreen recycling process.

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Spotlight

Don't wait for parts, print them. Whether you're looking to print in a variety of metals, composites, high temp thermoplastics, TPU or PLA, The Digital Forge is the world’s most reliable, intelligent, and easy-to-use additive manufacturing platform. Introducing resilient, flexible manufacturing.

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