Desktop Metal and Korea Institute of Industrial Technology Partner to Accelerate Adoption of Metal Binder Jetting for SMEs in South Korea
BOSTON AND ULSAN METROPOLITAN CITY, South Korea – (COMMERCIAL THREAD) – Desktop Metal (NYSE: DM) and the Korea Institute of Industrial Technology (KITECH) today announced a partnership to accelerate the industrialization and adoption of additive manufacturing (AM) in South Korea, starting with Desktop Metal Shop System ™ installations and Production System ™ P-1 platforms.
KITECH is a leading research institute that facilitates the development of manufacturing technologies for businesses across South Korea, with a focus on Small and Medium Enterprises (SMEs). The installation of Desktop Metal’s advanced binder jet solutions will enable KITECH to help drive the adoption of these production-oriented technologies with SMEs to meet use cases in market segments of the automotive, consumer electronics, heavy industry, and oil and gas. KITECH plans to leverage Desktop Metal solutions to fabricate components at industrial scale volumes and develop new materials for a variety of AM applications.
“At KITECH, we are very pleased to partner with Desktop Metal for the installation of its industry-leading metal additive manufacturing solutions,” said Dr. Chung-Soo Kim, Project Manager and Principal Investigator at 3D Printing Manufacturing Process Center, KITECH. “The metal binder jet disrupts most other metal additive manufacturing technologies because of its ability to produce components at unprecedented speeds and at low cost. The adoption of binder jet will change the development environment in the additive manufacturing industry in South Korea. ”
“With Desktop Metal’s solutions, we can extend our capabilities beyond the limits of laser-based additive manufacturing solutions and make a significant contribution to the future of key South Korean industries, including automotive, construction. of shipments, oil and gas and consumer electronics, ”said Dr. Dong-Hyun Kim, director and principal investigator at the 3D Printing Manufacturing Process Center, KITECH.
“The metal binder jet is ripe for adoption in Asia-Pacific, and we are honored to partner with KITECH to further develop the technology in South Korea,” said Ric Fulop, Founder and CEO of Desktop Metal. “With our shared vision, the installation of these binder jet solutions will serve as a catalyst for the innovation, development and commercialization of AM 2.0 technologies in the region, and accelerate the transformation of manufacturing industry around the world.
Created by the inventors of single pass binder and inkjet technology, the production system is an industrial manufacturing platform powered by Desktop Metal’s patent pending Single Pass Jetting ™ (SPJ) technology. It is designed to achieve speeds up to 100 times faster than traditional powder bed fusion additive manufacturing technologies and enable production quantities of up to millions of parts per year at competitive costs compared to conventional mass production techniques. The platform consists of two printer models: the P-1, a solution for process development and mass production applications, and the P-50, a large form factor mass production solution. for end use parts. The production system combines Desktop Metal engineered binders with an open materials platform, allowing customers to produce high performance parts using the same low cost metal powders used in the metal injection molding industry. . An inert processing environment allows compatibility with a variety of materials, including high performance alloys and even reactive metal powders, such as aluminum and titanium.
Featuring the most advanced single-pass print engine in the binder jet market, the workshop system offers a turnkey solution for producing complex end-use metal parts in a fraction of the time and expense. cost of conventional manufacturing and legacy AM technologies at a comparable price. The system includes all the equipment machine shops need to start binder blasting – from printing to sintering – and is designed to match throughput with a range of build volume configurations. In addition, Desktop Metal software for construction preparation and sintering simulation, in combination with metal powders and process parameters optimized to deliver exceptional part quality and repeatability, allows companies to easily get started with the binder spray in days instead of weeks or months. .
For more information on Desktop Metal’s metal binder blasting technologies, please visit www.desktopmetal.com.
About the Korea Institute of Industrial Technology (KITECH)
KITECH (Korea Institute of Industrial Technology), founded in 1989, strives to contribute to the industrial development of Korea by supporting the development and application of production technologies and supporting global SMEs. We implement technology transfer and diffusion to SMEs, provide technology support using its technology, human resources and infrastructure, develop technologies to overcome the technological difficulties faced by SMEs and conduct in-depth research on the technologies demand-driven production. For more information, visit https://eng.kitech.re.kr/main/.
About Desktop Metal
Desktop Metal, Inc., based in Burlington, Mass., 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 unmet challenges of speed, cost and quality to make additive manufacturing a vital tool for engineers and manufacturers. of the whole world. Desktop Metal was selected as one of the World’s 30 Most Promising Technology Pioneers by the World Economic Forum, named in MIT Technology Review’s 50 Smartest Companies list, winner of the 2021 Fast Company’s Innovation by Design Award in the materials and Next Big Things in Tech Award for sustainability. For more information, visit www.desktopmetal.com.
This press release contains certain forward-looking statements within the meaning of federal securities laws. Forward-looking statements are generally identified by the words “believe”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”, “Plan”, “may”, “should”, “will”, “would”, “will”, “continue”, “will probably result” 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 and uncertainties. There are many factors that could cause actual future events to differ materially from forward-looking statements contained herein, including, but not limited to, the risks and uncertainties set forth in documents filed by Desktop Metal, Inc. with the United States Securities and Exchange Commission. These documents identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and Desktop Metal, Inc. assumes no obligation and does not intend to update or revise any forward-looking statements, either as a result. new information, future events or otherwise. .
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