Desktop Metal begins shipments of the P-50 production system with first customer Stanley Black & Decker

BOSTON–(BUSINESS WIRE)–Desktop Metal (NYSE: DM) today announced the delivery of its first Production System™ P-50 printer to Stanley Black & Decker (NYSE: SWK), marking the commercialization of the company’s flagship additive manufacturing technology. company for the mass production of end products. -use, metal parts.

As one of the most anticipated advanced manufacturing systems ever introduced, the P-50 is the product of nearly $100 million in investment and a four-year development program overseen by Desktop engineers. Metal and materials scientists. The P-50 is designed to mass produce high performance metal parts with the repeatability and cost required to compete with conventional manufacturing.

Stanley Black & Decker, the first P-50 customer, is a purpose-driven industry organization that operates the world’s largest tools and storage company, including iconic brands such as DEWALT, BLACK+DECKER and CRAFTSMAN.

The Production System – The world’s fastest way to 3D print metal parts to scale

Created by the inventors of single pass inkjet and binder jetting technology, the Production System is an industrial manufacturing platform powered by Desktop Metal’s Single Pass Jetting™ technology. It is designed to achieve speeds up to 100 times faster than older powder bed fusion additive manufacturing technologies and enable the production of quantities of up to millions of parts per year at competitive costs compared to conventional mass production techniques. The platform supports a robust materials library comprising ten qualified metal alloys – from commercially pure copper to stainless steels such as 17-4PH – with additional metal alloys in active development.

For more information on the P-1, P-50 and production system technology, visit www.desktopmetal.com/products/production.

About Desktop Metal

Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating manufacturing transformation with a broad portfolio of 3D printing solutions from rapid prototyping to mass production. Founded in 2015 by leaders in advanced manufacturing, metallurgy and robotics, the company addresses 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, named to MIT Technology Review’s 50 Smartest Companies list, and winner of Fast Company’s 2021 Innovation by Design Award in Materials and Fast Company’s Next Big Things in Tech Award for Sustainability. For more information, visit www.desktopmetal.com.

About Stanley Black & Decker

Based in the United States, Stanley Black & Decker (NYSE: SWK) is the world’s largest tooling company, operating nearly 50 manufacturing facilities across America and more than 100 worldwide. Guided by its purpose – for those who make the world – the company’s more than 60,000 diverse and high-performing employees produce power tools, hand tools, storage solutions, digital tool solutions, products lifestyle products, outdoor products, technical fasteners and other industrial equipment to support manufacturers, designers, marketers and builders around the world. The company’s iconic brands include DEWALT, BLACK+DECKER, CRAFTSMAN, STANLEY, Cub Cadet, Hustler and Troy-Bilt. Recognized for its environmental, social and governance (ESG) leadership, Stanley Black & Decker strives to be a force for good in the service of its communities, employees, customers and other stakeholders.

Forward-looking statements

This press release may contain certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are generally identified by the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”. , ‘plan’, ‘may’, ‘should’, ‘will’, ‘would’, ‘will’, ‘will’, ‘will probably’ and similar expressions. Forward-looking statements are predictions, projections and other statements regarding future events that are based on current expectations and assumptions and, therefore, are subject to risks, uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained herein, including, but not limited to, the risks and uncertainties set forth in Desktop Metal, Inc.’s filings with the United States Securities and Exchange Commission. 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 place undue reliance on any forward-looking statements, and Desktop Metal, Inc. undertakes no obligation and does not intend to update or revise any such forward-looking statements, whether as a result new information, future events or otherwise. .