The Launch of Live Sinter Software Follows
Desktop Metal’s Recent Signing of a Definitive Business Combination
Agreement with Trine Acquisition Corp. (NYSE: TRNE) to Accelerate
Its Go-to-Market Efforts and Drive Advanced R&D
- Sintering process simulation software corrects for shrinkage
and distortion of binder jet 3D printed parts during sintering,
minimizing trial and error
- Live Sinter results in near-net shape parts after sintering,
achieving tight shape and dimensional tolerances while diminishing
or eliminating the need for sintering supports
- Live Sinter offers additive manufacturing engineers fast and
predictable sintering outcomes, with simulations results in as
little as five minutes and negative offset geometries in as few as
fifteen minutes.
Desktop Metal, a leader in mass production and turnkey additive
manufacturing solutions, today is launching Live Sinter™, a
software solution designed to eliminate the trial and error
required to achieve high-accuracy parts via powder metallurgy-based
additive manufacturing processes like binder jetting. The software
launch follows Desktop Metal’s recent signing of a definitive
business combination agreement with Trine Acquisition Corp. (NYSE:
TRNE), to accelerate its go-to-market efforts and further drive its
relentless efforts in advanced R&D.
A breakthrough software application, Live Sinter not only
corrects for the shrinkage and distortion parts typically
experience during sintering, but also opens the door to printing
geometries that, without the software, would present significant
challenges to sinter. By improving the shape and dimensional
tolerances of sintered parts, first-time part success for complex
geometries is improved and the cost and time associated with
post-processing are minimized. In many cases, the software even
enables parts to be sintered without the use of supports.
While compatible with any sintering-based powder metallurgy
process, including metal injection molding (MIM), Live Sinter will
first be available to customers of Desktop Metal’s Shop System™,
shipping in late 2020, and Production System™, shipping in
2021.
“The manufacturing industry is witnessing the transformative
power that additive manufacturing has across many industries, from
automotive and aerospace, to heavy machinery and consumer products
with respect to quality, performance, and cost savings. We believe
Live Sinter will be a critical companion in continuing to drive
forward the success of additive manufacturing,” said Ric Fulop, CEO
and co-founder of Desktop Metal. “As manufacturers look to
capitalize on the flexibility of volume production delivered
through technologies such as binder jetting, Live Sinter is a
first-of-its-kind solution that offers a path to predictable and
repeatable outcomes by demystifying the sintering process.”
Challenges of Sintering & Powder Metallurgy-based
Additive Manufacturing
Sintering is a critical step in powder metallurgy-based
manufacturing processes, including binder jetting. It involves
heating parts to near melting in order to impart strength and
integrity, and typically causes parts to shrink by as much as 20
percent from their original printed or molded dimensions. During
the process, improperly supported parts also face significant risk
of deformation, resulting in parts that emerge from the furnace
cracked, distorted, or requiring costly post-processing to achieve
dimensional accuracy.
Sintering distortion has been a reality for the powder
metallurgy industry for decades. For much of that time, the
solution has been to rely on the experience of industry veterans
who, based on repeated trial and error, combine adjustments to part
designs with various sintering supports, or “setters”, to enable
stable, high-volume production. Live Sinter changes the game by
minimizing the reliance on trial and error and offering a
streamlined, easy-to-use software solution that delivers accurate
parts without requiring users to be experts in powder
metallurgy.
Software-generated “Negative Offset” Geometry Compensates for
Distortion
Developed in collaboration with Desktop Metal materials
scientists, Live Sinter can be calibrated to a variety of alloys.
It predicts the shrinkage and distortion that parts undergo during
sintering, and automatically compensates for such changes, creating
“negative offset” geometries that, once printed, will sinter to the
original, intended design specifications. These negative offsets
are the result of a GPU-accelerated iterative process, in which the
software proactively pre-deforms part geometries by precise amounts
in specific directions, allowing them to achieve their intended
shape as they sinter.
“Live Sinter was developed by joining forces with - instead of
fighting against - sintering-based challenges. In doing so, the
software generates negative offset part geometries that sinter to
the intended shapes and dimensional specifications,” said Andy
Roberts, Desktop Metal VP of Software. “It also tackles some of
sintering’s biggest challenges, such as the use of setters. For
years, creating setters that prop up parts in the furnace relied on
the intuition of few engineers with years of hands-on experience.
Now, the process is easier, more predictable, and more controllable
using Live Sinter.”
High-speed Simulation Powered by GPUs and Streamlined
Calibration
Live Sinter runs on a GPU-accelerated multi-physics engine,
capable of modeling collisions and interactions between hundreds of
thousands of connected particle masses and rigid bodies. The
software can simulate a typical sintering furnace cycle in as
little as five minutes and generate negative offset geometries that
compensate for shrinkage and distortion in as little as fifteen
minutes, compared to more general-purpose simulation tools that
require complex setups and hours to complete. Moreover, the
software can be calibrated to new materials and sintering hardware
and process parameters with minimal additional effort.
Bundled with Desktop Metal Binder Jetting Technology
Live Sinter will first be available in Q4 2020 to customers of
Desktop Metal’s Shop System and Production System additive
manufacturing solutions. In time, the Company may offer the process
simulation software to users of any sintering-based powder
metallurgy process.
The Shop System is designed to bring metal additive
manufacturing to machine and job shops with an affordable, turnkey
solution that achieves exceptional surface finish parts with rich
feature detail at speeds up to 10 times those of legacy powder bed
fusion additive manufacturing technologies. Created by leading
inventors of binder jetting and single-pass inkjet technology, the
Production System is designed to be the fastest way to 3D
print metal parts at scale. The system is an industrial
manufacturing solution designed to achieve speeds up to 100 times
those of legacy powder bed fusion additive manufacturing
technologies, enabling production quantities of up to millions of
parts per year at costs competitive with conventional mass
production techniques.
Desktop Metal, which is celebrating its fifth year anniversary
in the fall 2020, recently signed a definitive business combination
agreement with Trine Acquisition Corp. (NYSE: TRNE), a special
purpose acquisition company led by Leo Hindery, Jr., and HPS
Investment Partners, a global credit investment firm with over $60
billion in assets under management. For more information, visit
www.trineacquisitioncorp.com.
About Trine Acquisition Corp
Trine Acquisition Corp is a blank check company organized for
the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization, or
other similar business combination with one or more businesses or
entities. For more information, visit
www.trineacquisitioncorp.com.
About Desktop Metal
Desktop Metal, Inc., based in Burlington, Massachusetts, is
accelerating the transformation of manufacturing with an expansive
portfolio of 3D printing solutions, from rapid prototyping to mass
production. Founded in 2015 by leaders in advanced manufacturing,
metallurgy, and robotics, the company is addressing the unmet
challenges of speed, cost, and quality to make Additive
Manufacturing an essential tool for engineers and manufacturers
around the world. Desktop Metal was selected as one of the world’s
30 most promising Technology Pioneers by the World Economic Forum
and named to MIT Technology Review’s list of 50 Smartest Companies.
For more information, visit www.desktopmetal.com.
Forward-Looking Statements Legend
This document contains certain forward-looking statements within
the meaning of the federal securities laws with respect to the
proposed transaction between Desktop Metal, Inc. ("Desktop") and
Trine Acquisition Corp. ("Trine"), including statements regarding
the benefits of the transaction, the anticipated timing of the
transaction, the services offered by Desktop and the markets in
which it operates, and Desktop’s projected future results. These
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: (i) the risk that the transaction may not be completed
in a timely manner or at all, which may adversely affect the price
of Trine’s securities, (ii) the risk that the transaction may not
be completed by Trine’s business combination deadline and the
potential failure to obtain an extension of the business
combination deadline if sought by Trine, (iii) the failure to
satisfy the conditions to the consummation of the transaction,
including the adoption of the agreement and plan of merger by the
shareholders of Trine and Desktop, the satisfaction of the minimum
trust account amount following redemptions by Trine’s public
shareholders and the receipt of certain governmental and regulatory
approvals, (iv) the lack of a third party valuation in determining
whether or not to pursue the proposed transaction, (v) the
occurrence of any event, change or other circumstance that could
give rise to the termination of the agreement and plan of merger,
(vi) the effect of the announcement or pendency of the transaction
on Desktop’s business relationships, performance, and business
generally, (vii) risks that the proposed transaction disrupts
current plans of Desktop and potential difficulties in Desktop
employee retention as a result of the proposed transaction, (viii)
the outcome of any legal proceedings that may be instituted against
Desktop or against Trine related to the agreement and plan of
merger or the proposed transaction, (ix) the ability to maintain
the listing of Trine’s securities on the New York Stock Exchange,
(x) the price of Trine’s securities may be volatile due to a
variety of factors, including changes in the competitive and highly
regulated industries in which Desktop plans to operate, variations
in performance across competitors, changes in laws and regulations
affecting Desktop’s business and changes in the combined capital
structure, (xi) the ability to implement business plans, forecasts,
and other expectations after the completion of the proposed
transaction, and identify and realize additional opportunities, and
(xii) the risk of downturns in the highly competitive additive
manufacturing industry. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties described in the “Risk Factors”
section of Trine’s Annual Reports on Form 10-K, Quarterly Reports
on Form 10-Q, the registration statement on Form S-4 and proxy
statement/consent solicitation statement/prospectus discussed below
and other documents filed by Trine from time to time with the U.S.
Securities and Exchange Commission (the “SEC”). These filings
identify and address other important risks and uncertainties that
could cause actual events and results to differ materially from
those contained in the forward-looking statements. 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 and Trine assume no obligation and do not intend to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise. Neither
Desktop nor Trine gives any assurance that either Desktop or Trine
will achieve its expectations.
Additional Information and Where to Find It
This document relates to a proposed transaction between Desktop
and Trine. This document does not constitute an offer to sell or
exchange, or the solicitation of an offer to buy or exchange, any
securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, sale or exchange would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. In connection with the
proposed transaction, Trine filed a registration statement on Form
S-4 with the SEC on September 15, 2020, which included a proxy
statement of Trine, a consent solicitation statement of Desktop and
a prospectus of Trine. Trine also will file other documents
regarding the proposed transaction with the SEC. Before making any
voting decision, investors and security holders of Trine are urged
to read the registration statement, the proxy statement/consent
solicitation statement/prospectus and all other relevant documents
filed or that will be filed with the SEC in connection with the
proposed transaction as they become available because they will
contain important information about the proposed transaction.
Investors and security holders may obtain free copies of the
proxy statement/consent solicitation statement/prospectus and all
other relevant documents filed or that will be filed with the SEC
by Trine through the website maintained by the SEC at www.sec.gov.
In addition, the documents filed by Trine may be obtained free of
charge from Trine’s website at www.trineacquisitioncorp.com or by
written request to Trine at Trine Acquisition Corp., 405 Lexington
Avenue, 48th Floor, New York, NY 10174.
Participants in Solicitation
Trine and Desktop and their respective directors and executive
officers may be deemed to be participants in the solicitation of
proxies from Trine’s stockholders in connection with the proposed
transaction. Additional information regarding the interests of
those persons and other persons who may be deemed participants in
the proposed transaction may be obtained by reading the proxy
statement/consent solicitation statement/prospectus regarding the
proposed transaction. You may obtain a free copy of these documents
as described in the preceding paragraph.
No Offer or Solicitation
This communication is not intended to and shall not constitute
an offer to sell or the solicitation of an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote of approval, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offer of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201106005018/en/
For Trine Acquisition Corp. Pierre
Henry phenry@trineacquisitioncorp.com
For Desktop Metal Lynda McKinney
press@desktopmetal.com
TRINE ACQUISITION CORP UNIT 1 COM CL A & 1/2 WT EXP(31/03/2021) (NYSE:TRNE.UN)
Historical Stock Chart
From Jun 2024 to Jul 2024
TRINE ACQUISITION CORP UNIT 1 COM CL A & 1/2 WT EXP(31/03/2021) (NYSE:TRNE.UN)
Historical Stock Chart
From Jul 2023 to Jul 2024