Articles from Desktop Metal, Inc.

Desktop Metal, Inc. (NYSEDM) (“Desktop Metal”) today announced that at a hearing held in the Delaware Court of Chancery on December 30, 2024, the Court granted Desktop Metal’s motion for an expedited trial in the lawsuit Desktop Metal filed on December 16, 2024 against Nano Dimension Ltd. (“Nano Dimension”). In the lawsuit, Desktop Metal alleged that Nano Dimension has breached its obligation under the merger agreement between Desktop Metal and Nano Dimension (the “Merger Agreement”) to use reasonable best efforts to obtain regulatory approval and close the merger contemplated by the Merger Agreement (the “Merger”) as soon as reasonably possible. The trial is expected to be scheduled for the week of February 24, 2025.

Desktop Metal, Inc. (NYSEDM) (“Desktop Metal”) today announced that it has filed a lawsuit against Nano Dimension Ltd. (“Nano Dimension”) in the Delaware Court of Chancery (the “Court”), alleging that Nano Dimension has breached its obligation to use reasonable best efforts to obtain regulatory approval as soon as practicable in connection with the merger agreement between the parties (the “Merger Agreement”). The Court has scheduled an expedited hearing on December 30, 2024, to hear Desktop Metal’s motion for an expedited trial to be held in January.

Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or “Nano”) and Desktop Metal, Inc. (NYSEDM) (“Desktop Metal” or “DM”) today jointly announced that Institutional Shareholder Services (“ISS”), a leading proxy advisory firm, has recommended that Desktop Metal shareholders vote to support the merger agreement and other deal related proposals.

Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced that it has qualified a 100% recycled nickel-based superalloy processed with proprietary technology from Continuum Powders, a leader in high-performance, sustainable metal powders.

Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced that the Figur G15 Pro will be showcased alongside the company’s sinter-based metal 3D printing technologies at IMTS 2024 in Chicago.

Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced its financial results for the second quarter ended June 30, 2024.

Desktop Metal, Inc. (NYSEDM) today announced it will report financial results for the second quarter ended June 30, 2024 before the market opens on Wednesday, July 31, 2024. At this time, a summary presentation will also be available online at the Events & Presentations section of Desktop Metal’s Investor Relations website, https://ir.desktopmetal.com.

Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced that Houston-based AmPd Labs has placed an order for the all-new PureSinter™ Furnace – a high-purity vacuum furnace that delivers premium debind-and-sinter performance at an affordable price.

Desktop Metal, Inc. (NYSEDM) (the “Company”) announced today that its Board of Directors has approved a 1-for-10 reverse stock split of the Company’s Class A common stock. The reverse stock split will become effective at 5:00 p.m. Eastern Time on June 10, 2024, after close of trading on the New York Stock Exchange (“NYSE”). The Company’s Class A common stock is expected to commence trading on a split-adjusted basis when the markets open on June 11, 2024 under the existing trading symbol “DM.” The new CUSIP number for the Company’s Class A common stock following the reverse stock split will be 25058X 303.

Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced its financial results for the first quarter ended March 31, 2024.

Desktop Metal, Inc. (NYSEDM) today announced it will report financial results for the first quarter ended March 31, 2024 before the market opens on Thursday, May 9, 2024. At this time, a summary presentation will also be available online at the Events & Presentations section of Desktop Metal’s Investor Relations website, https://ir.desktopmetal.com.

Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced its financial results for the fourth quarter and full year ended December 31, 2023.

Desktop Metal, Inc. (NYSEDM) today announced it will report financial results for the fourth quarter and full year ended December 31, 2023 before the market opens on Friday, March 15, 2024. At this time, a summary presentation will also be available online at the Events & Presentations section of Desktop Metal’s Investor Relations website, https://ir.desktopmetal.com.

Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production, and Evonik, a leading materials provider in 3D printing technology based in Germany, today announced their expanded collaboration on photopolymer and materials development with the qualification of INFINAM® ST 6100 L on the ETEC Xtreme 8K and the Pro XL.

Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced an additional $50 million cost-reduction plan that includes a 20% workforce reduction designed to align its cost structure to current market dynamics.

Desktop Metal, Inc. (NYSEDM) (“Desktop Metal”) today announced that it received notice from the New York Stock Exchange (the “NYSE”) on November 22, 2023, indicating that Desktop Metal is not in compliance with NYSE’s continued listing standards because the average closing price of Desktop Metal’s common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of Desktop Metal’s common stock from the NYSE.

Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced its financial results for the third quarter ended September 30, 2023.

Desktop Metal, Inc. (NYSEDM) today announced that it will be holding its previously announced conference call five hours earlier to better coincide with timing of the Company’s earnings release. Company management will now host the conference call and webcast on third quarter 2023 financial results on November 9, 2023 at 7:00 a.m. ET.

Desktop Metal, Inc. (NYSEDM) today announced it will report financial results for the third quarter ended September 30, 2023 before the market opens on Thursday, November 9, 2023. At this time, a summary presentation will also be available online at the Events & Presentations section of Desktop Metal’s Investor Relations website, https://ir.desktopmetal.com.

Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production of metal, ceramic, polymer, and health products, today announced that it is collaborating with Schaeffler AG, the German motion technology company, on additive manufacturing of multi-material powders, including metal and ceramics.

Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing 2.0 technologies for mass production of metal, ceramic, polymer, and health products, today announced the launch of the ETEC Pro XL — a premium polymer DLP printer that enters the market at less than half the price as its predecessor.

Desktop Metal, Inc. (NYSEDM) announced today that, in connection with the termination of the merger agreement between Desktop Metal and Stratasys Ltd. (Nasdaq: SSYS) on September 28, 2023, the Desktop Metal board of directors approved the amendment of Desktop Metal’s rights agreement, which was previously scheduled to expire on July 24, 2024. Pursuant to the amendment, the plan has been terminated as of today.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced the launch of Live Monitor™ — a software application that provides useful real-time data from printing systems to improve efficiency and management of one printing system or a full fleet.

Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing (AM) 2.0 technologies for mass production of metal, polymer, ceramic, and health products, today announced that its stockholders approved the merger agreement with Stratasys Ltd. (Nasdaq: SSYS), a leader in polymer 3D printing solutions.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced that leading independent proxy advisory firm Institutional Shareholder Services (ISS) recommends that stockholders vote “FOR” the merger with Stratasys Ltd. (Nasdaq: SSYS) at the upcoming special meeting of Desktop Metal stockholders.

Desktop Metal, Inc. (NYSEDM), a global leader in Additive Manufacturing (AM) technologies for mass production, today released a video showcasing how the BMW Group uses ExOne binder jet 3D printers for the serial production of casted powertrain components.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced that Wisconsin-based DSB Technologies (DSB), a leader in high-quality metal part production with sinter-based technologies such as powder metallurgy (PM) and metal injection molding (MIM) has now adopted the complete X-Series metal binder jetting product lineup, including Live Sinter software, from Desktop Metal.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced the sale of a Production System P-50 and a full fleet of metal binder jet systems to FreeFORM Technologies. FreeFORM’s primary investor is Ryerson Holding Corporation NYSE: RYINYSERYI)

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced that it will hold a special meeting at 9:00 a.m., Eastern Time, on Thursday, September 28, 2023 for consideration and voting on the previously-announced merger agreement with Stratasys Ltd. (Nasdaq: SSYS).

Desktop Metal, Inc. (NYSEDM) today announced its financial results for the second quarter ended June 30, 2023.

Desktop Metal, Inc. (NYSEDM) today announced it will report financial results for the second quarter ended June 30, 2023 after the market closes on Thursday, August 3, 2023. At this time, a summary presentation will also be available online at the Events & Presentations section of Desktop Metal’s Investor Relations website, https://ir.desktopmetal.com.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today reaffirmed its commitment to the global foundry market, where its ExOne brand remains the leader in digital casting solutions for foundries with its binder jet 3D printing technology.

The Board of Directors of Desktop Metal, Inc. (NYSEDM) (“Desktop Metal” or the “Company”) announced that it adopted a limited duration shareholder rights plan on May 26, 2023, which is scheduled to expire on the earlier of (i) July 24, 2024 and (ii) the effective date of the merger announced yesterday contemplated between the Company and Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”).

Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”) and Desktop Metal, Inc. (NYSEDM) (“Desktop Metal”) today announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock transaction valued at approximately $1.8 billion. The transaction unites the polymer strengths of Stratasys with the complementary industrial mass production leadership of Desktop Metal’s brands, creating an additive manufacturing company that is expected to be well-positioned to serve the evolving needs of customers in manufacturing.

Desktop Metal, Inc. (NYSEDM) today announced its financial results for the first quarter ended March 31, 2023.

Desktop Metal, Inc. (NYSEDM) today announced that its Aidro subsidiary, a pioneer in the volume production of next-generation hydraulic and fluid power systems through metal additive manufacturing (AM), has achieved the first-ever global AM Manufacturer certification from DNV, the world’s leading risk management and quality assurance society for the oil & gas and maritime industries, for two metal printing technologies.

Desktop Metal, Inc. (NYSEDM) today announced it will report financial results for the first quarter ended March 31, 2023 after the market closes on Wednesday, May 10, 2023. At this time, a summary presentation will also be available online at the Events & Presentations section of Desktop Metal’s Investor Relations website, https://ir.desktopmetal.com.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, is intensifying its development of technical ceramic and cermet offerings across its portfolio due to customer demand, primarily for silicon carbide, carbon, and tungsten carbide cobalt.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, in collaboration with Sandvik Additive Manufacturing, a world-leading producer of gas atomized metal powders, and a top five global automotive manufacturer, today announced that copper alloy C18150 has been DM Qualified for binder jet 3D printing on the Production System™.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, in collaboration with Detroit-based TriTech Titanium Parts LLC, today announced that Ti64 has been customer-qualified for binder jet 3D printing on the Production System™.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, in partnership with CETIM, the French technical center for mechanical industries and one of the largest industrial research organizations in Europe, today announced that 304L stainless steel has been qualified for use on the Shop System™.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced the launch of Live Suite™ — a package of premium software applications with all-new functionality for users of the company’s Additive Manufacturing 2.0 systems across Team DM brands.

Desktop Metal, Inc. (NYSEDM) today announced financial results for the fourth quarter and full year ended December 31, 2022.

Desktop Metal, Inc. (NYSEDM) today announced it will report financial results for the fourth quarter and full year ended December 31, 2022 after the market closes on Wednesday, March 1, 2023. At this time, a summary presentation will also be available online at the Events & Presentations section of Desktop Metal’s Investor Relations website, https://ir.desktopmetal.com.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced an additional $50 million cost-reduction plan for 2023 that will prioritize investments and operations in line with near-term revenue generation, positioning the company to achieve its long-term financial goals.

Desktop Metal (NYSEDM), a leader in mass production additive manufacturing (AM) solutions, today announced the company has installed more than 1,100 3D printing systems for metal components worldwide.

Desktop Metal (NYSEDM), a leader in mass production additive manufacturing (AM) solutions, today announced the company has received a $9 million order from a major German automaker for binder jet additive manufacturing systems used for mass production of powertrain components.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced a three-year, multimillion-dollar contract with the Veterans Health Administration to develop, test, and manufacture a variety of 3D printed healthcare products with a revolutionary new FreeFoam™ material.

Desktop Metal, Inc. (NYSEDM) today announced its financial results for the third quarter ended September 30, 2022.

Align Technology, Inc. (“Align”) (Nasdaq: ALGN) a leading global medical device company that designs, manufactures, and sells the Invisalign® system of clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software for digital orthodontics and restorative dentistry, and Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced a strategic collaboration to supply iTero Element™ Flex intraoral scanners to Desktop Labs so it can connect general dentist locations with its growing network of premium full-service labs.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today unveiled Desktop Labs, a growing network of full-service dental laboratories that will connect directly to dental practices through integrated digital technology.

Desktop Metal (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced broad availability of the Shop System™ Forust Edition, a binder jet 3D printing system for the high-speed production of functional, end-use wood parts using upcycled sawdust from the wood milling industry.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced Jason Cole will join the Company as Chief Financial Officer, effective November 10. He will report to Desktop Metal Founder and CEO Ric Fulop.

Desktop Metal, Inc. (NYSEDM) today announced it will report financial results for the third quarter ended September 30, 2022 after the market closes on Wednesday, November 9, 2022. At this time, a summary presentation will also be available online at the Events & Presentations section of Desktop Metal’s Investor Relations website, https://ir.desktopmetal.com.

Siemens and Desktop Metal, Inc., global leaders in digitalization and additive manufacturing technologies, announced today a multi-faceted partnership aimed at accelerating the adoption of additive manufacturing (AM) for production applications with a focus on the world’s largest manufacturers.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced that nickel alloy Inconel 625 (IN625) has been qualified on the Shop System, the world’s best-selling metal binder jet system, making the material a qualified material across its entire portfolio.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced the launch of the Figur G15, the first commercial platform of its kind to shape standard sheet metal on demand directly from a digital design file using all-new, patent-pending Digital Sheet Forming (DSF) technology — no stamping tools, molds, dies, or presses required.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing (AM) 2.0 technologies for mass production, today announced two upgrade packages on the successful Shop System, offering new flexibility, functionality, and value for the world’s best-selling metal binder jet system.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced significant updates to Live Sinter — a powerful multi-physics sinter simulation software application that automates the generation of sinter-ready, printable geometries, as well as supports, setters, and inserts, to make repeatable, volume production of high-precision end-use metal parts through binder jetting more accessible.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced that it is expanding its partnership with Henkel on photopolymer material development, beginning with the qualification of Henkel’s Loctite® 3D IND405 Black and Loctite 3D 3843 for use on the Xtreme 8K, the world’s largest DLP printer for high-volume production of end-use parts.

Desktop Metal, Inc. (NYSEDM) today announced its financial results for the second quarter ended June 30, 2022.

Desktop Metal, Inc. (NYSEDM) announced today that Ric Fulop, Founder and CEO, will present at two upcoming conferences.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced it has qualified the use of IN625 for the Studio System, a turnkey metal 3D printing platform that offers customers the easiest way to print high-performance metal parts in low volumes for pre-production and end-use applications.

Desktop Metal, Inc. (NYSEDM) today announced it will report financial results for the second quarter ended June 30, 2022 after the market closes on Monday, August 8, 2022. At this time, a summary presentation will also be available online at the Events & Presentations section of Desktop Metal’s Investor Relations website, https://ir.desktopmetal.com.

Desktop Metal, Inc. (NYSEDM) today announced that James Haley will be transitioning from his role as Chief Financial Officer of the Company to pursue other interests. In order to ensure a smooth transition, Haley will remain in his current role through the earlier of December 31, 2022 or the date a new CFO begins employment, and he will serve in an advisory role for a period thereafter. Desktop Metal has retained a leading executive search firm to assist in a thorough and thoughtful search for a successor.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced a strategic integration and cost optimization initiative that is projected to result in approximately $40 million of annualized run rate non-GAAP cost savings, $20 million of which is to take place in the second half of 2022, and at least $100 million of aggregate cost savings over the next 24 months.

The Defense Logistics Agency (DLA) has awarded Concurrent Technologies Corporation (CTC) a prime contract worth a potential $15 million to demonstrate the practicality of producing obsolete critical castings through 3D printed sand-casting mold technology. In addition, the project will further develop the science and technology of 3D printed sand-casting molds. CTC will work with subcontractor ExOne, a subsidiary of Desktop Metal (NYSEDM), as well as the University of Northern Iowa, DLA, and metal casting foundries on the project.

Aidro, a pioneer in the volume production of next-generation hydraulic and fluid power systems through metal additive manufacturing (AM) and a subsidiary of Desktop Metal (NYSEDM), has become a qualified supplier of aluminum flight parts for leading aerospace, defense, and security company Leonardo through its helicopters division. Aidro is one of only two suppliers to receive the Declaration for Qualification of Process for Additive Layer Manufacturing with Leonardo.

Desktop Metal, Inc. (NYSEDM) announced today that Ric Fulop, Founder and CEO, will present at the Stifel 2022 Cross Sector Insight Conference on Tuesday, June 7, 2022 at 4:10 p.m. EST at the InterContinental Boston Hotel.

Desktop Metal, Inc. (NYSEDM), a global leader in additive manufacturing technologies for mass production, today announced it would display a historic collection of more than 300 3D printed production parts May 17-19 in Detroit at RAPID + TCT, North America's largest and most influential AM event, alongside production-capable printing platforms for metals, polymer, elastomers, ceramics, composites, and upcycled wood materials.

Desktop Metal, Inc. (NYSEDM) today announced the pricing of its offering of $100,000,000 aggregate principal amount of 6.0% convertible senior notes due 2027 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The issuance and sale of the notes are scheduled to settle on May 13, 2022, subject to customary closing conditions. Desktop Metal also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $15,000,000 principal amount of notes.

Desktop Metal, Inc. (NYSEDM) today announced its intention to offer, subject to market and other conditions, $150,000,000 aggregate principal amount of convertible senior notes due 2027 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Desktop Metal also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $22,500,000 principal amount of notes.

Desktop Metal, Inc. (NYSEDM) today announced its financial results for the quarter ended March 31, 2022.

Desktop Metal, Inc. (NYSEDM) today announced its support and commitment for the Biden Administration’s Additive Manufacturing Forward (AM Forward) initiative aimed at strengthening U.S. supply chains by supporting the adoption of additive manufacturing (AM), or industrial 3D printing, among small- and medium-sized manufacturers.

Desktop Metal, Inc. (NYSEDM) today announced it will report financial results for the first quarter ended March 31, 2022 prior to market open on Tuesday, May 10, 2022. At this time, a summary presentation will also be available online at the Events & Presentations section of Desktop Metal’s Investor Relations website, https://ir.desktopmetal.com.