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Shapeways, Desktop Metal Unveil Partnership To 'Increase Anytime, Anywhere Access to World-Class Additive Manufacturing Services'

Shapeways Holdings, Inc. (NYSE:SHPW) ("Shapeways" or the "Company") and Desktop Metal, Inc. (NYSE:DM) ("Desktop Metal") today unveiled a landmark partnership to offer manufacturing and

Benzinga · 11/11/2021 07:46

Shapeways Holdings, Inc. (NYSE:SHPW) ("Shapeways" or the "Company") and Desktop Metal, Inc. (NYSE:DM) ("Desktop Metal") today unveiled a landmark partnership to offer manufacturing and engineering teams unprecedented flexibility and seamless access to industry-leading 3D printing services. Consistent with the strategic partnership the parties entered into in early 2021, Shapeways is expanding Desktop Metal system capacity and capabilities by providing customers access to these solutions at Shapeways' ISO-9001 manufacturing facilities in both Long Island City, New York and Eindhoven, Netherlands. In addition, Desktop Metal plans to leverage Shapeways' manufacturing capabilities and purpose-built software platform, Otto, to provide its customers with instant access to fully digitized, end-to-end 3D printing workflows.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211111005468/en/

"We're extremely pleased to progress our partnership with Shapeways and propel the additive manufacturing industry forward," said Ric Fulop, Founder and CEO of Desktop Metal. "For customers starting their digital manufacturing journeys who may not be ready to purchase equipment of their own, Shapeways will offer instant access to Desktop Metal's comprehensive portfolio of high-speed, AM 2.0 printing platforms and rich materials library, enabling them to benefit from expedited production, reduced costs, and flexible, overflow manufacturing capacity as dictated by growing business demands."

Shapeways is investing in and deploying a broad portfolio of Desktop Metal solutions including Studio System™, Shop System™, Production System™, Fiber™, and RAM technology as well as a variety of EnvisionTEC 3D photopolymer printing solutions to expand its global manufacturing footprint across metals, elastomers, polymers, composites, and digital casting applications. These printing solutions offer industrial customers a means to leverage 3D printing capacity on-demand to fuel business growth while balancing operating and capital expenditures. The full rollout of these printing solutions on Shapeways' digital manufacturing platform will occur through early 2022, and additional Desktop Metal offerings will be available in the future. Additionally Shapeways intends to add technology from other industry partners, including an extended suite of post-processing and finishing options over time.

"Together, Desktop Metal and Shapeways are democratizing 3D printing, reinforced by our ability to offer anytime, anywhere access to an extensible array of high-quality manufacturing services," said Greg Kress, CEO of Shapeways. "As Desktop Metal's largest manufacturing services partner, we are committed to establishing ourselves as the ‘go-to' company for businesses around the world seeking fast, efficient, execution in turning digital designs into physical products."

Industry-leading solutions from Shapeways and Desktop Metal comply with and are subject to rigorous manufacturing requirements where production quality and consistency are paramount. The companies believe they are uniquely positioned to enable strong outcomes for customers, including high-performance end-use parts delivered with a strong ROI, across the most demanding industry sectors, including aerospace, automotive, consumer products, defense, industrials, and healthcare.