![]() The device is essentially an ABB robotic system, that’s designed to offer clients a cost-effective method of producing investment casting and design models.Ĭompared to legacy sanding systems, the firm claims that the RAM is 25-50% cheaper, while remaining capable of constructing builds as large as 1828 x 914 x 914 mm. Once the merger has been completed, the firms plan to seek out collaborative opportunities, and they’ve already earmarked EnvisionTEC’s RAM binder jetting machine as one to watch. In addition, despite continued market turbulence, the 8K remains scheduled for a Q1 2021 release, meaning that Desktop could get a rapid return on its investment. Powered by the firm’s patented Projection Array technology, the 8K effectively uses a ‘closed-loop’ printing process to create parts that exhibit “desirable qualities.”ĮnvisionTEC’s large-format printer is characterized by a huge 71-liter build volume, and Fulop asserted that it would provide users with “dramatically better price-performance” than its competitors. Describing EnvisionTEC as “the original innovator in DLP,” Fulop pointed out that although most of its processes are now deployed by “other players in the market,” its continuous polymer printing patents prove its founding role within the industry.ĭesktop Metal was also impressed by the potential of EnvisionTEC’s upcoming DLP 8K Xtreme machine, which it claims is significantly faster than both Formlabs’ 3L and HP’s MJF 5200 systems. On a call with analysts, Desktop Metal CEO Ric Fulop highlighted several reasons behind the firm’s purchase. With its purchase of EnvisionTEC, Desktop Metal has now answered a lot of questions about its ambitions, by showing that it views DLP as vital to the success of its ‘Additive 2.0’ project. The merger, which valued the new company at $2.5 billion, provided it with a $580 million war chest to capitalize on growth opportunities, and it went live on the NYSE. For Desktop Metal, the acquisition ends months of speculation over its potential takeover targets, which began after its merger with Trine Acquisition last year. Not all of the funding will be paid in cash, and Desktop Metal will only be required to pay $150 million up-front, with the rest being retained by EnvisionTEC shareholders as stock in the newly-merged company.Īlthough the agreement is subject to the customary closing conditions, it’s expected to be concluded in short order, with EnvisionTEC founder Al Siblani staying on as the subsidiary’s CEO. Through its acquisition deal, Desktop Metal has purchased 100% of EnvisionTEC’s shares at an aggregate purchase price of $300 million. ![]()
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