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Desktop Metal Launches Studio System 2, the Easiest Way for Designers and Engineers to Print Complex, High-Performance Metal Parts in the Office

Next-Generation Technology Further Simplifies Metal 3D Printing for Low Volume Production with a Breakthrough, Two-Step Process

BOSTON — (BUSINESS WIRE) — February 2, 2021 — Desktop Metal (NYSE: DM), a leader in mass production and turnkey additive manufacturing solutions, today announced the launch of Studio System™ 2, a simplified, office-friendly metal 3D printing technology that offers customers the easiest way to print metal parts in low volumes for pre-production and end-use applications.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210202005325/en/

Desktop Metal today announced the launch of Studio System 2. Designed for the office, this next generation technology is the easiest way to 3D print complex, high-performance metal parts in low volumes for pre-production and end-use applications. (Photo: Business Wire)

Desktop Metal today announced the launch of Studio System 2. Designed for the office, this next generation technology is the easiest way to 3D print complex, high-performance metal parts in low volumes for pre-production and end-use applications. (Photo: Business Wire)

“As additive manufacturing adoption advances worldwide, Desktop Metal continues to drive innovations that enable the technology to more effectively compete with conventional manufacturing processes,” said Ric Fulop, CEO and co-founder of Desktop Metal. “Our next-generation Studio System 2 takes the best features of the original Studio System+ and significantly improves upon them, delivering higher quality end-use metal parts through a more streamlined and accessible process, and within an even smaller footprint.”

The Studio System - Office-Friendly Metal 3D Printing

The Studio System, which first debuted in 2017, is an office-friendly metal additive manufacturing system that leverages Desktop Metal’s proprietary Bound Metal DepositionTM (BMD) technology, a powder metallurgy-based process in which loose powders and dangerous lasers commonly associated with metal 3D printing are eliminated in favor of bound metal rods to shape parts layer-by-layer. The original Studio System, consisting of a printer, debinder and furnace, simplified in-house production of low volumes of complex, high-quality metal parts.

Shipping in volume since the fourth quarter of 2018, the Studio System has been adopted by hundreds of customers spanning more than 30 countries. Industry leaders like Ford Motor Company, BMW Group, Eaton Corporation, Google LLC, 3M Company, Stanley Black & Decker, Inc., Lockheed Martin Corporation, Goodyear Tire & Rubber Company, Moen Incorporated, and educational institutes such as Massachusetts Institute of Technology (MIT), Texas A&M University, and the Polytechnic University of Milan (Politecnico di Milano), are turning to the Studio System for a range of applications from pre-production functional prototypes to manufacturing low volumes of end-use parts.

Next-Generation Metal 3D Printing in 2 Steps — Print and Sinter

The next-generation Studio System 2 retains all the critical features of the original Studio System, while delivering advancements that make metal 3D metal printing even easier, more reliable and accessible. Benefits include:

“Based on the success of our original Studio System, we know companies around the globe are eager to adopt our new, more streamlined Studio System 2 process to produce difficult-to-machine parts featuring complex geometry like undercuts and internal channels,” said Fulop. “Across manufacturing, tooling, automotive, consumer products and electronics, and medical applications, companies are sharing how additive manufacturing is challenging their design and engineering teams to think differently about how to optimize designs for best-in-class part success.”

The Studio System 2, which is set to begin worldwide shipments in the first quarter of 2021, will also be available through an upgrade for all existing Studio System customers.

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.

Forward Looking Statements

This document contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements generally relate to Desktop Metal’s future financial or operating performance. 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, including the negatives of such terms. 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 ongoing COVID-19 pandemic and measures taken by Desktop Metal, its customers and suppliers, and governmental authorities in response thereto; (ii) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors, including downturns in the highly competitive additive manufacturing industry; (iii) the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities; and (iv) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward Looking Statements”” in the S-1 Registration Statement filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) on December 23, 2020, as amended, and the Company’s other filings with 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 the Company 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. The Company does not give any assurance that it will achieve its expectations.



Contact:

Lynda McKinney, 978-224-1282
Lyndamckinney@desktopmetal.com