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.
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