Desktop Metal Announces Sale of Production System P-50 and Super Fleet of Metal Binder Jet Systems to FreeFORM Technologies

12 September 2023

Desktop Metal, Inc. (NYSE: DM), a prominent global leader in additive manufacturing technologies designed for mass production, has announced a significant sale involving a Production System P-50 and a comprehensive fleet of metal binder jet systems to FreeFORM Technologies. Notably, FreeFORM Technologies is primarily backed by Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, operating in the United States, Canada, Mexico, and China.

Located in St. Marys, PA, FreeFORM has substantially expanded its operations with the acquisition of this fleet, now boasting a total of 25 metal printers. Prior to this transaction, FreeFORM already possessed nine Desktop Metal binder jetting systems. The company has emerged as a pivotal player in the 3D printing landscape, actively undertaking production jobs for a multitude of global customers. To date, FreeFORM has manufactured over 350,000 parts using binder jetting technology, catering to various industries including industrial, defense, medical, robotics, and consumer goods. Furthermore, their facilities are equipped with conventional manufacturing tools and rigorous quality control measures.

The capabilities of FreeFORM Technologies will be showcased in collaboration with Ryerson at Fabtech, North America's largest event dedicated to metal forming, fabricating, welding, and finishing, scheduled in Chicago from September 11 to 14. Both companies will have an exhibition presence at booth A5914.

Nate Higgins, President of FreeFORM, expressed the company's commitment to employing top-tier additive manufacturing processes to meet customer demands, highlighting the significance of the addition of Desktop Metal printers. This addition is expected to enhance cost efficiency and accelerate time-to-market for their offerings.

Ric Fulop, Founder and CEO of Desktop Metal, commended FreeFORM's expertise in powder metal and sinter-based technologies and its pioneering role in pushing the boundaries of what metal binder jet 3D printing can achieve. He noted that FreeFORM stands out among their Super Fleet owners, defined as customers utilizing three or more of Desktop Metal's Additive Manufacturing 2.0 systems. Fulop highlighted that Desktop Metal now serves hundreds of Super Fleet customers worldwide, facilitating the final production of metal, polymer, and ceramic parts using their binder jet additive manufacturing systems. He expressed confidence in the continued momentum of binder jetting technology in the realm of serial additive manufacturing production, emphasizing its advantages in cost, quality, and material flexibility.