Desktop Metal Announces Major Contract with the U.S. Department of Veterans Affairs for Variety of 3D Printed FreeFoam™ Products
14 November 2022 - 2:30PM
Business Wire
- Multimillion-dollar contract awarded by the VA supports the
development, testing and manufacturing of seat cushions,
mattresses, and patient positioning devices, such as splints, that
will also enable the VA to “make products at a fraction of their
final size, minimizing storage and warehouse needs”
- FreeFoam is a revolutionary new family of photopolymer resins
from Desktop Metal containing heat-activated foaming agents that
are 3D printed with Digital Light Processing (DLP). After printing,
FreeFoam parts are briefly put into an oven where the foaming agent
creates closed cells inside the material in a tightly controlled
process
- This innovative material can be programmed to expand a specific
amount between 2 to 7 times its original printed size – allowing
FreeFoam parts to be shipped in a compact form and expanded
on-demand in an oven close to the final point of use or assembly,
saving shipping and inventory expenses
- The VA contract notes the project involves a new form of
manufacturing that will drive “innovations in both logistics and
volume-based manufacturing at the point of care”
Desktop Metal, Inc. (NYSE: DM), a global leader in additive
manufacturing technologies for mass production, today announced a
three-year, multimillion-dollar contract with the Veterans Health
Administration to develop, test, and manufacture a variety of 3D
printed healthcare products with a revolutionary new FreeFoam™
material.
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Under a contract with the Veterans Health
Administration, Desktop Metal will develop, test, and manufacture a
variety of 3D printed healthcare products with a revolutionary new
FreeFoam™ material. Shown here, FreeFoam parts can be 3D printed at
a fraction of their final desired size and expanded when ready for
use, minimizing storage and warehouse needs and allowing for custom
foam products. (Photo: Business Wire)
FreeFoam is currently being printed exclusively on the ETEC
Xtreme 8K top-down DLP printing system, with broad commercial
availability slated for 2023. ETEC is Desktop Metal’s industrial
polymer brand.
The VA will receive an Xtreme 8K, as well as a variety of other
equipment, in addition to development and design support for the
project. The initial contract award, for $2 million, has the
potential to grow to $7 million after successful phase-gate
deliveries.
“Desktop Metal is proud to partner with the Veterans Health
Administration on this visionary project to advance health care,
logistics, and decentralized manufacturing with our new 3D printing
technology at production volumes,” said Ric Fulop, Founder and CEO
of Desktop Metal. “Our team is passionate about using Additive
Manufacturing 2.0 technology such as our ETEC Xtreme 8K and
FreeFoam material to transform the way manufacturing is done to
deliver all-new benefits at scale.”
The project is part of a strategic effort by the Office of
Advanced Manufacturing (OAM) within the Veterans Health
Administration (VHA) to guide the utilization of advanced
manufacturing (AM) technologies, like 3D printing, in health care
applications. OAM is building digital and physical infrastructure
to bring medical device innovation and manufacturing back onto VA
soil, so that Veterans are first in line to receive innovative
products and services. OAM is currently focused on expanding
product lines available to Veterans and is building a portfolio of
technology capabilities to support this work. This requires
investment into equipment, materials and research and development
activities that align with OAM’s mission to advance point of care
manufacturing to benefit Veterans’ health.
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
and named to MIT Technology Review’s list of 50 Smartest Companies.
For more information, visit www.desktopmetal.com.
Forward-looking Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws. Forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks, uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document, including but not
limited to, the risks and uncertainties set forth in Desktop Metal,
Inc.'s filings with the U.S. 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 put undue reliance on forward-looking
statements, and Desktop Metal, Inc. assumes no obligation and does
not intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20221114005340/en/
Media Relations: Sarah Webster (724)516-2336
Sarahwebster@desktopmetal.com Investor Relations: Jay Gentzkow
(781) 730-2110 jaygentzkow@desktopmetal.com
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