Former GE Chairman & CEO Jeffrey Immelt Joins Desktop Metals Board of Directors

Desktop Metal (www.desktopmetal.com),
today announced Jeffrey Immelt, former Chairman and CEO of the General
Electric Company, has been elected to Desktop Metal’s Board of
Directors. With more than four decades of technology and business
expertise, with the most recent leading the 125-year old GE focused on
global business development, Immelt is widely regarded as one of the
world’s most innovative and accomplished business leaders in technology.

“On behalf of Desktop Metal’s directors and entire team, it’s an honor
to welcome Jeff to our board,” said Ric Fulop, Founder and CEO of
Desktop Metal. “In addition to his experience leading one of the largest
and most admired companies in the world, Jeff is a respected executive
with a passion for technology and innovation. His track record for
driving creativity and on a global scale makes him a valuable addition
to the board as we continue to drive Desktop Metal’s innovation and
growth strategy.”

“I am excited and honored to join the Desktop Metal board and work with
this exceptional team of visionary entrepreneurs,” Immelt said. “Since
it was founded nearly three years ago, Desktop Metal has become a
trailblazer across the additive manufacturing landscape and I have a
tremendous respect for the company’s ability to innovate. I look forward
to sharing my experiences and contributing to the future direction and
growth of this emerging metal 3D printing pioneer.”

Immelt joins the Desktop Metal Board along with recently-appointed Dr.
Ken Washington, vice president of Research and Advanced Engineering and
CTO at the Ford Motor Company. According to Fulop, both additions to the
board will play an important role in Desktop Metal’s mission to become a
global leader in metal 3D printing.

Founded in 2015, Desktop Metal pioneered the development of the first
metal 3D printing systems to cover the full product lifecycle – from
prototyping to mass production. The Studio System™ is
the first office-friendly metal 3D printing system for rapid prototyping
and is 10 times less expensive than existing technology. To manufacture
metal 3D printed parts at scale, Desktop Metal also debuted the only 3D
printing system for mass production of high resolution metal parts, the Production
System™. Using new, proprietary Single Pass Jetting (SPJ)
technology, the Production System is 100 times faster than today’s
laser-based additive manufacturing systems.

About Desktop MetalDesktop Metal, Inc., based in
Burlington, Massachusetts, is accelerating the transformation of
manufacturing with end-to-end metal 3D printing solutions. 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 metal 3D printing an essential tool for engineers and
manufacturers around the world. Desktop Metal has raised a total of $277
million in financing. Among the company’s investors include Ford, GV
(formerly Google Ventures), GE Ventures, BMW, Lowe’s, and Techtronic
Industries (TTI). In 2017, Desktop Metal was selected as one of the
world’s 30 most promising Technology
Pioneers by World Economic Forum; named to MIT Technology Review’s
list of 50
Smartest Companies; and recognized among the most important
innovations in engineering in Popular Science’s “2017
Best of What’s New.” For more information, visit www.desktopmetal.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005159/en/

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