FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Desktop Metal Triples Manufacturing Capacity for Production System P-50”
Desktop Metal (NYSE: DM) climbed over 18% in early morning trading after the company announced the opening of a new in-house manufacturing facility.
The new facility will more than triple the final assembly space currently dedicated to the Production SystemTM platform, and is part of a strategic plan to accelerate the production ramp of Desktop Metal’s flagship Production System P-50 printer.
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.
For more information, please visit: Desktop Metal, Inc.
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