- Pennsylvania-based FreeFORM now owns the world’s largest fleet
of Desktop Metal binder jet 3D printers, which transform metal
powder into complex end-use parts
- Founded in 2020, FreeFORM has a strategic partnership with
Ryerson Holding Corporation (NYSE: RYI), a leading value-added
processor and distributor of industrial metals and a primary
investor in FreeFORM since 2022
- In all, FreeFORM now operates 25 DM printers, including
Production System, Shop System, and X-Series models that can
efficiently produce small- to midsize components for companies who
have highly complex part designs or face supply chain
disruptions
- FreeFORM now offers additive manufacturing of a wide range of
metals on its 25 DM printers, including 17-4PH, 316L, and 420
stainless steels, as well as 4130, 4140 and 4340 low-alloy steels,
S7 and M2 tool steels, and infiltrated materials
Desktop Metal, Inc. (NYSE: DM), 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: RYI), a leading value-added
processor and distributor of industrial metals, with operations in
the United States, Canada, Mexico, and China.
This press release features multimedia. View
the full release here:
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FreeFORM Technologies President Nate
Higgins, shown in front of a Desktop Metal X25Pro, now operates the
world’s largest fleet of 25 Desktop Metal binder jet 3D printers,
which transform metal powder into complex end-use parts. The
Pennsylvania-based FreeFORM is also slated to take delivery of a
Production System P-50, the world's fastest metal binder jet system
with Single Pass Jetting (SPJ) technology. (Photo: Business
Wire)
Based in St. Marys, PA, FreeFORM now operates a fleet of 25
metal printers through the sale. Previously, FreeFORM owned nine
Desktop Metal binder jetting systems. FreeFORM is now 3D printing
production jobs for hundreds of customers globally. In all, the
company has produced more than 350,000 parts with binder jetting
technology for customers in the industrial, defense, medical,
robotic, and consumer goods markets, and its facilities are also
equipped with traditional manufacturing and quality control
tools.
FreeFORM Technologies capabilities will be displayed in
partnership with Ryerson at Fabtech, North America’s largest metal
forming, fabricating, welding and finishing event, in Chicago from
Sept. 11-14. The companies will exhibit in booth A5914.
“FreeFORM’s investment in metal binder jetting demonstrates our
continued commitment to employing world-class additive
manufacturing processes to meet the needs of our customers,” said
Nate Higgins, President of FreeFORM. “This addition of DM printers
strengthens our capabilities in this area, allowing us to provide
greater cost efficiency and speed to market.”
“Desktop Metal is delighted to see a startup with deep
experience in powder metal and sinter-based technologies pushing
the limits of what metal binder jet 3D printing technology can do,”
said Ric Fulop, Founder and CEO of Desktop Metal. “FreeFORM is
leading the way among our Super Fleet owners, which we define as
customers using three or more of our Additive Manufacturing 2.0
systems. Desktop Metal now has hundreds of Super Fleet customers
worldwide delivering final production of metal, polymer, and
ceramic parts with our binder jet additive manufacturing systems.
We remain confident that the cost, quality and material flexibility
offered by binder jetting will continue its momentum in serial AM
production.”
For more information about producing metal parts with FreeFORM,
visit www.freeformtech.com.
About Ryerson
Ryerson is a leading value-added processor and distributor of
industrial metals, with operations in the United States, Canada,
Mexico, and China. Founded in 1842, Ryerson has around 4,300
employees in approximately 100 locations. Visit Ryerson at
www.ryerson.com.
About FreeFORM
FreeFORM is a first-of-its-kind contract additive manufacturer.
Founded in 2020 by a group of engineers, FreeFORM aims to bring
metal injection molding and metal binder jet technology to the
masses through best-in-the-industry equipment and unparalleled
customer service. . FreeFORM’s co-founders bring a diverse outlook
into metals manufacturing and are committed to providing
world-class services to the customer while providing low cost of
ownership and speed to market. Our vision is to be the benchmark
for additive manufacturing. Learn more about FreeFORM at
www.freeformtech.com
About Desktop Metal
Desktop Metal (NYSE:DM) is driving Additive Manufacturing
2.0, a new era of on-demand, digital mass production of industrial,
medical, and consumer products. Our innovative 3D printers,
materials, and software deliver the speed, cost, and part quality
required for this transformation. We’re the original inventors and
world leaders of the 3D printing methods we believe will empower
this shift, binder jetting and digital light processing. Today, our
systems print metal, polymer, sand and other ceramics, as well as
foam and recycled wood. Manufacturers use our technology worldwide
to save time and money, reduce waste, increase flexibility, and
produce designs that solve the world’s toughest problems and enable
once-impossible innovations. Learn more about Desktop Metal and our
#TeamDM brands at www.desktopmetal.com.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws. Forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document, including but not
limited to the risks and uncertainties set forth in Desktop Metal,
Inc.'s filings with the U.S. Securities and Exchange Commission.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and Desktop Metal, Inc. assumes no obligation and does
not intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230911784813/en/
Media Relations: Sarah Webster
sarahwebster@desktopmetal.com (313) 715-6988
Investor Relations: Jay Gentzkow
jaygentzkow@desktopmetal.com (781) 730-2110
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