Desktop Metal Bags Binder Jet Systems Order Worth $9M - Desktop Metal (NYSE:DM)

  • Additive manufacturing (AM) solutions provider Desktop Metal Inc DM has received a $9 million order from a major German automaker for binder jet additive manufacturing systems.
  • This is the second order from the same automaker in less than twelve months, bringing the total amount of production AM systems ordered to $16.9 million.
  • The binder jetting will be used for mass production of powertrain components.
  • “The Additive Manufacturing industry continues to grow for mass production applications, with the most innovative companies in the world leading the way,” said CEO Ric Fulop.
  • Price Action: DM shares are trading higher by 3.45% at $2.10 in premarket on the last check Friday.
  • Photo Via Company

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