Desktop Metal and Korea Institute of Industrial Technology Partner to Accelerate Metal Binder Jetting Adoption for SMBs in South Korea
Metropolitan City of Ulsan, South Korea and Boston, USA:
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 installations of the Desktop Metal Shop System™ and Production System™ P-1 Platforms.
This press release is multimedia. View the full press release here: https://www.businesswire.com/news/home/20211221005388/en/
Created by the inventors of single-pass binder jetting and inkjet technology, the production system is an industrial manufacturing platform powered by patent-pending Single Pass Jetting™ (SPJ) technology. Desktop Metal. 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 consists of two printer models, including the P-1, a solution for process development and mass production applications. (Photo: BusinessWire)
KITECH is a leading research institute that facilitates the development of manufacturing technologies for companies across South Korea, with a focus on small and medium-sized enterprises (SMEs). Installing Desktop Metal’s industry-leading binder jetting solutions will enable KITECH to drive the adoption of these production-focused technologies by SMBs to address use cases in the automotive, consumer electronics, heavy industry and oil and gas. KITECH plans to leverage Desktop Metal’s solutions to manufacture components at industrial-scale volumes and develop new materials for a variety of AM applications.
“We at KITECH are delighted to partner with Desktop Metal for the installation of their industry-leading metal additive manufacturing solutions,” said Dr. Chung-Soo Kim, Project Manager and Principal Investigator at 3D Printing Manufacturing Process Center, KITECH. “Metal Binder Jetting disrupts most other metal additive manufacturing technologies due to its ability to produce components at unprecedented speeds and at low cost. The adoption of binder jetting will change the development environment in the additive manufacturing industry in South Korea. »
“With Desktop Metal’s solutions, we can expand our capabilities beyond the limitations of laser-based additive manufacturing solutions and make significant contributions to the future of major South Korean industries, including automotive, construction shipping, oil and gas, and consumer electronics,” said Dr. Dong-Hyun Kim, Director and Principal Researcher at 3D Printing Manufacturing Process Center, KITECH.
“Metal Binder Jetting is ripe for adoption in Asia Pacific, and we are honored to partner with KITECH to scale the technology in South Korea,” said Ric Fulop, Founder and CEO of Desktop Metal. “With our shared vision, the installation of these binder jetting solutions will serve as a catalyst for the innovation, development and commercialization of AM 2.0 technologies in the region, and will accelerate the transformation of the manufacturing industry worldwide. .
Created by the inventors of single-pass binder jetting and inkjet technology, the production system is an industrial manufacturing platform powered by patent-pending Single Pass Jetting™ (SPJ) technology. Desktop Metal. 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 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 enables 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 jetting market, the shop system offers a turnkey solution for producing complex end-use metal parts in a fraction of the time and cost of conventional manufacturing and legacy AM technologies at a comparable price. The system includes all the equipment machine shops need to get started with binder jetting – from printing to sintering – and is designed to match throughput with a range of build volume configurations. Additionally, Desktop Metal software for build preparation and sintering simulation, in combination with metal powders and optimized process parameters to deliver exceptional part quality and repeatability, makes it easy for companies to get started with the binder jetting in days instead of weeks or months. .
For more information on Desktop Metal’s metal binder jetting technologies, please visit www.desktopmetal.com.
About Korea Institute of Industrial Technology (KITECH)
KITECH (Korea Institute of Industrial Technology), founded in 1989, strives to contribute to Korea’s industrial development by supporting the development and application of production technologies and supporting global SMEs. We implement technology transfer and its dissemination to SMEs, provide technological support using its technology, human resources and infrastructure, develop technologies to overcome technological difficulties faced by SMEs and conduct extensive research on demand-driven production technologies. For more information, visit https://eng.kitech.re.kr/main/.
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 tech pioneers by the World Economic Forum, named to MIT Technology Review’s 50 Smartest Companies list, 2021 winner of Fast Company’s Innovation by Design Award in materials and the 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 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. .