Desktop Metal Releases Statement Supporting the Biden Administration’s Initiative to Boost Supply Chain Resilience with Additive Manufacturing
09 Mai 2022 - 2:00PM
Business Wire
Desktop Metal, Inc. (NYSE: DM) today announced its support and
commitment for the Biden Administration’s Additive Manufacturing
Forward (AM Forward) initiative aimed at strengthening U.S. supply
chains by supporting the adoption of additive manufacturing (AM),
or industrial 3D printing, among small- and medium-sized
manufacturers.
As a global industry leader in AM, Desktop Metal’s mission is to
help make AM 2.0 technology accessible to companies of all sizes so
they can produce more advanced parts and products faster, while
also producing more sustainably and closer to the point of end
use.
Ric Fulop, Co-founder and CEO of Desktop Metal, said the time is
right for the AM Forward initiative.
“Additive manufacturing has long held the potential to de-risk
supply chains and enable new innovations. With manufacturing
reshoring already accelerating as a result of the historic supply
chain disruption caused by the COVID-19 pandemic, the AM Forward
initiative is a timely and progressive approach to modernizing our
nation’s outdated manufacturing infrastructure with cutting-edge
technologies that will help ensure that the work stays here for the
long term.
“At Desktop Metal, we are committed to making additive
manufacturing accessible to companies of all sizes in terms of
speed, cost, and material availability. One of the key benefits of
3D printing is supporting localized manufacturing that reduces
reliance on global supply chains. Parts can be stored as digital
files and easily sent around the world to be downloaded and printed
as needed. By allowing manufacturers to quickly produce parts when
and where needed, the need for global shipping, large inventories
and overproduction is greatly reduced. Additive manufacturing is
the modern manufacturing technology of the future, and it’s the
right time for American industry to support this transition to the
next era of production.”
AM-Enabled Supply Chain Resilience
Adoption of 3D printing is already improving industrial
competitiveness among a number of businesses across a variety of
industries.
U.S. foundries, for example, are adopting AM to deal with a
surge in demand. Following years of contraction, the U.S.
metalcasting industry is experiencing growth as a result of supply
chain changes related to the COVID-19 pandemic. A recent survey
released by the American Foundry Society shows that 90 percent of
responding North American foundries anticipate making capital
investments in the next 12 months, including industrial 3D
printers. Among those adopting Desktop Metal’s technology: Alpha
Foundry of Wright City, Mo., D.W. Clark of Taunton, Mass., Founders
Service & Manufacturing Co. Inc. of Deerfield, Ohio, and HTCI
Co. of New Carlisle, Ohio.
“We look forward to partnering with the Biden Administration,
ASTRO America, America Makes, and all those working together to
transform manufacturing in the U.S. through AM Forward,” Fulop
said.
Desktop Metal will showcase a collection of more than 300 3D
printed production parts May 17-19 in Detroit at RAPID + TCT, North
America's largest and most influential AM event, alongside
production-capable printing platforms for metals, polymers,
elastomers, ceramics, composites, and upcycled wood materials. The
exhibit will illustrate how additive manufacturing is ready to
de-risk supply chains with its ability to produce high-quality,
cost-competitive end parts and tooling on demand, while delivering
sustainability and innovation benefits.
About Desktop Metal
Desktop Metal, Inc., based in Burlington, Massachusetts, is
accelerating the transformation of manufacturing with an expansive
portfolio of 3D printing solutions, from rapid prototyping to mass
production. Founded in 2015 by leaders in advanced manufacturing,
metallurgy, and robotics, the company is addressing 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 Technology Pioneers by the World Economic Forum,
named to MIT Technology Review’s list of 50 Smartest Companies, and
the 2021 winner of Fast Company’s Innovation by Design Award in
materials and Fast Company’s Next Big Things in Tech Award for
sustainability.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220509005495/en/
Media Relations: Lynda McKinney
lyndamckinney@desktopmetal.com (978) 224-1282
Investor Relations: Jay Gentzkow
jaygentzkow@desktopmetal.com (781) 730-2110
Desktop Metal (NYSE:DM)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Desktop Metal (NYSE:DM)
Historical Stock Chart
Von Mai 2023 bis Mai 2024