- Desktop Metal’s binder jetting system, designed to enable
affordable, batch production of high-quality metal parts, is now
being installed throughout North America, EMEA and APAC.
- The announcement 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.
Desktop Metal, a leader in mass production and turnkey additive
manufacturing solutions, today announced the Shop System™, the
world’s first metal binder jetting system designed for machine
shops, is being manufactured in volume and shipped to customers
around the world. With installations underway throughout North
America, EMEA and APAC, manufacturers such as Jade Creaction LDA in
Portugal, Wall Colmonoy Limited in the UK, Alpha Precision Group in
the USA, E.A.C. in France, and Hong Kong Productivity Council
(HKPC) in Hong Kong, are leveraging high-quality binder jetting
technology to print end-use metal parts in volume and at part costs
unattainable with legacy additive manufacturing processes.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20201119005274/en/
This delicate and complex jewelry
ornament, designed by luxury goods manufacturer E.A.C. of France,
was 3D printed on the Shop System in steel, and subsequently
gold-plated. This one-of-a-kind piece could not be produced any
other way. (Photo: Business Wire)
The announcement 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.
First unveiled last November at the 2019 Formnext trade
conference in Frankfurt, Germany, 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 (AM)
technologies. With the Shop System, users can now print end-use
metal parts for use in a variety of industries spanning from
automotive and oil & gas to consumer products and
electronics.
“The Shop System offers the most cost-effective, highest
resolution mid-volume production solutions in the industry. Its
high-speed, single-pass print engine introduces high-quality binder
jetting to an entirely new market of machine shops, casting
foundries, and powder metal component suppliers,” said Ric Fulop,
CEO and co-founder of Desktop Metal. “With the Shop System,
engineers and plant operators can now eliminate many of the
constraints previously imposed by traditional manufacturing
methods, like CNC machining, and achieve affordable, reliable, and
flexible batch production of complex parts.”
Many early adopters of the technology are already realizing the
potential for expanding their manufacturing efforts.
- Jade Creaction LDA is a leading European company specializing
in luxury leather goods, jewelry and watches for several French,
Italian and American luxury brands. “Our luxury fashion clients are
renowned global brands in the industry, and the Desktop Metal Shop
System will allow us to quickly respond to their needs with faster
production solutions,” said Christophe Pereira, CEO of Jade. “3D
printing allows us freedom from multi-stage manufacturing tooling
combined with technology innovation that gives our clients’
designers unlimited creative power.”
- AFPMA de l'Ain of France is the training center of the UIMM
(French metallurgical industries association) of Ain French region,
with the mission to provide skills that meet the needs of
industrial companies in the Ain region, through initial and
continuous training. “AFPMA has invested in metal additive
manufacturing technologies from Desktop Metal in order to deliver
the best technical training in AM,” said Patrice Mayoral, AFPMA
CEO. “The Shop System and the Studio System are two complementary
machines that will allow us to train operators and realize
demonstrators to show trainees, thanks to real applications, the
possibilities of each machine and technology to understand the
impact of the design and process parameters on the global value
chain. Being among the first adopters allows us to be part of
European and French national working groups in order to develop
qualification and certification for additive manufacturing and
validate the training processes to be aligned with the industry
needs.”
- E.A.C., based in France, started its development in 2002 with
Swimwear and Lingerie markets. The company is now more focused on
the Luxury markets such as leather, cosmetics, packaging, wines
& spirits, and jewelry with worldwide clientele. “By enabling
mass production of amazingly intricate geometries, metal binder
jetting is about to transform the luxury goods space,” said Patrick
Chouvet, Manager E.A.C. “As a pioneer in the use of additive
manufacturing in luxury goods for some of the world’s most valuable
and iconic brands, E.A.C. has been exploring metal Binder Jetting
technology over the past four years. After a comprehensive review
and benchmarking of the competitive landscape, we chose the Shop
System for its unparalleled print quality, throughput, and
affordability.”
- Cosmind, based in Italy, is a technologically-advanced company
with experience and know-how in the fields of sheet metal
processing, metallic carpentry, high precision mechanical
processing, sheet metal forming and assembly. “Cosmind is highly
focused on technological innovations. Throughout the years, we have
constantly introduced the latest production technologies,” said
Carmine Donisi, CEO of Cosmind. “We strongly believe that Blinder
Jetting technology is the natural evolution of the manufacturing
sector. In Desktop Metal, we have found all the characteristics of
quality and innovation that will certainly allow us to diversify
our production.”
- Alpha Precision Group, (APG) based in Pennsylvania, is a
leading provider of engineered powder metal, metal injection
molding (MIM), and machined components with a primary focus on
providing products that are consistent with reducing emissions,
improving fuel economy, and enhancing engine performance. “APG is
extremely excited about the recent purchase of the Shop System as
we know that this technology is going to change the way that
engineers think, not just from a manufacturing perspective but from
a limitless design perspective,” said Phillip McDonald, Advanced
Manufacturing Engineer at APG. “This technology enables our
customers to iterate designs extremely quickly and prototype
products with no tooling costs, all with incredibly short lead
times. The future is here.”
- Impac Systems Engineering (ISE), a Texas-based professional
engineering services firm, has utilized technology, process and
people to solve customer engineering challenges. "For our
customers, Impac is a trusted partner, providing a broad suite of
engineering and manufacturing solutions across the entire product
life cycle,” said Scot Andrews, President of Impac Systems
Engineering. “Our 3D printing services play a key role in helping
our customers get to market quicker, with better products. With the
Shop System, we can scale to hundreds of near-net-shape parts daily
-- with dramatically reduced labor costs and expanded geometric
flexibility relative to traditional methods such as machining and
casting."
- VTT Technical Research Center, based in Finland, VTT is a
visionary research, development and innovation organization that
drives sustainable growth and tackles the biggest global challenges
of our time, turning them into opportunities for business growth.
“We are excited to work with this new metal Binder Jetting
technology that has matured from lab to production,” said Pasi
Puukko, Research Team Leader, Advanced Manufacturing at VTT. “We’ll
first focus on applications benefitting from this technology, but
on the longer run, we are certainly looking also for new material
solutions, widening the range of metal AM materials and therefore,
better serving our customers’ needs.”
- CETIM, the Technical Centre for Mechanical Engineering
Industry, is the leading French leader in the fields of mechanical
engineering innovation and R&D, and one of the French leaders
on metal additive manufacturing development. “3D printing allows
CETIM to design parts with new properties and functionalization
like thermal behavior, lightening, customization, electrical
performances or tribology optimization,” said Pierre Chalandon,
Chief Operations Officer for materials, processes and
industrialization at CETIM. “Metal binder jetting technology is
opening new opportunities -- no tooling process, increasing
production capacities, decreasing the global cost, and allowing new
materials. Desktop Metal technologies, including the new Shop
System, completes our additive manufacturing machines park. We
chose to be one the first Shop System adopters, because we are
convinced it is now possible for metal binder jetting to decrease
the global cost, increase the production rate, increase the quality
and definition and accuracy, develop new materials and simulate the
process -- especially sintering -- to control the capability and
the quality.”
Delivering High-quality Binder Jetting to the Machine Shop
Market
The Shop System offers reliable production of serial batches of
complex, end-use metal parts in a fraction of the time and cost of
conventional manufacturing and comparably priced AM technologies.
Featuring the highest resolution and most advanced print engine in
the binder jetting market, the Shop System is a complete end-to-end
solution that includes a single pass, binder jetting printer; a
drying oven for hardening green parts prior to depowdering; a
powder station for depowdering parts with built-in powder
recycling; Desktop Metal’s furnace designed for accessible,
industrial-strength sintering; and integrated powder handling
accessories and workflow. This turnkey solution together seamlessly
integrates with existing shop operations.
Key Shop System benefits include:
- Easy to use and operate. Designed with the modern
machine shop in mind, the Shop System produces parts with excellent
surface finish and resolution at the push of a button through its
easy-to-use software interface. It features engineered powders and
processing parameters optimized for use with the system to deliver
exceptional quality and ensure repeatability.
- High productivity. Featuring a high-speed, single pass
print carriage, the Shop System produces high-quality, complex
metal parts up to 10 times the speed and at a fraction of the cost
of legacy PBF additive manufacturing technologies, amplifying
customers' existing output with up to hundreds of end-use metal
parts per day. Speeds up to 800 cc/hour enable batches of tens or
hundreds of complex printed parts in as little as five hours.
- Superior print quality. Customers can print dense,
complex parts with incredibly fine feature detail.
- Rich feature detail with exceptional surface finish.
Achieved through an advanced single pass printhead with 1600 native
DPI, the Shop System delivers 400% higher resolution than legacy
binder jetting systems. Reliable print quality is supported by the
printhead’s 5x nozzle redundancy -- 25 percent higher redundancy
than comparable binder jetting systems.
Binder Jetting Technology Ushers in Additive Manufacturing
2.0
As a solution for mid-volume parts production through AM, the
Shop System is a critical element of the Additive Manufacturing 2.0
revolution that is reshaping the future of manufacturing. As the
emergence of AM 2.0 enables throughput, repeatability, and part
costs that can compete with conventional manufacturing processes,
the additive manufacturing sector is expected to surge from $12
billion in 2019 to an estimated value of $146 billion by the end of
the decade1.
“Many of the benefits that have long been touted for 3D printing
- mass customization, complex geometries, lightweighting, assembly
consolidation, tool-free manufacturing, digital inventories, and
more - all come bundled as part of AM 2.0,” said Fulop. “Taken
together, this suite of benefits represents a new approach to the
way metal parts are being designed, prototyped and now, with the
Shop System, manufactured.”
With variable build box configurations ranging from 4L to 16L,
the Shop System is designed to scale throughput to each shop’s
needs. Pricing starts at $166,500 for the 4L printer (350 x 220 x
50mm) and up to $241,500 for the 16L printer (350 x 220 x 200mm).
In addition with the Shop System’s end-to-end hardware solution,
customers will gain access to Desktop Metal’s Fabricate MFG™ build
preparation software, as well as to the Company’s newly-released
Live Sinter™ application, a sintering process simulation software
that corrects for shrinkage and distortion of binder jet 3D printed
parts during sintering, minimizing process trial and error while
improving accuracy.
The general availability of the Shop System is another major
announcement that follows Desktop Metal’s recent signing of 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.
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 end-to-end 3D printing solutions. 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 3D printing 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; named to MIT Technology
Review’s list of 50 Smartest Companies; and recognized among the
most important innovations in engineering in Popular Science’s
“Best of What’s New.” For more information, visit
www.desktopmetal.com.
- Based on Wohlers Report 2020, Wohlers Associates
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/20201119005274/en/
For Trine Acquisition Corp. Pierre Henry
phenry@trineacquisitioncorp.com
For Desktop Metal Lynda McKinney
press@desktopmetal.com
Investor Relations Mike Callahan / Tom Cook
DesktopMetalIR@icrinc.com
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