Desktop Metal acquires Aidro, adding critical capabilities in high-volume design and production of hydraulic systems through additive manufacturing


Acquisition Adds Unique Application Expertise to Accelerate Adoption of Additive Manufacturing 2.0 by Major OEMs in Hydraulics, Oil & Gas, Aerospace, Machinery and Other Sectors industrial

BOSTON, September 09, 2021– (COMMERCIAL THREAD) – Desktop Metal (NYSE: DM) today announced the acquisition of Aidro, a pioneer in the volume production of next-generation hydraulic and hydraulic systems through metal additive manufacturing (AM) in a wide range of industries, including oil and gas, agricultural equipment, aerospace, and mobile and industrial machinery, among others.

This press release features multimedia. See the full version here: https://www.businesswire.com/news/home/20210909005488/en/

Aidro, based in Italy, is a pioneer in the volume production of next-generation hydraulic and hydraulic systems through metal additive manufacturing (AM) in a wide range of industries including oil and gas, industry, agriculture, aerospace and mobile and industrial machinery. (Photo: Business Wire)

Founded in 1982 and based in northern Italy, Aidro has almost 40 years of experience in the design and production of valves, manifolds and various hydraulic components and hydraulic systems. Aidro offers world-class expertise in design for additive manufacturing, including finite element analysis simulation and topology optimization techniques. Aidro engineers are leveraging these technical capabilities to redesign traditional hydraulic components for AM production using complex geometries to reduce weight, save space, and consolidate multiple components into one, eliminating the requirements for assembly and welding. Hydraulic components produced by Aidro using additive manufacturing improve performance over conventional manufacturing by optimizing the placement and geometry of flow channels to increase flow capacity and reduce pressure drop.

To offer its customers innovative and personalized solutions, Aidro has invested in AM facilities and processes alongside its conventional manufacturing capabilities. The company’s dedicated AM department includes metal 3D printers, 3D scanning technologies, and ISO9001 and AS / EN9100 certifications, all leveraged to deliver high-performance products to customers, including major manufacturers of equipment. original (OEM), while reducing production times for volume quantities of end-use components, spare parts or rapid prototypes on demand.

“This acquisition advances Desktop Metal’s strategy of supporting our core OEM customers with proprietary design and application know-how, as well as through a combination of premier AM products and production of high value-added parts in key applications for AM 2.0, ”said Ric Fulop, Founder and CEO of Desktop Metal. “Aidro brings a talented team with decades of experience in hydraulic and hydraulic systems and a passion for leveraging AM to deliver performance benefits to their customers. We are thrilled with the acquisition and look forward to to advance AM 2.0 for the production of hydraulics, valves, hydraulic systems and many other end-use parts being developed with Aidro. “

“Additive manufacturing offers advantages unmatched by conventional manufacturing, and once Aidro realized the benefits of leveraging AM, we quickly allocated resources to develop the expertise and take advantage of the opportunity,” said said Valeria Tirelli, Co-CEO and President of Aidro. “This partnership is the next step in our AM evolution, and now, with access to Desktop Metal’s scale and industry-leading AM 2.0 technology portfolio, including its production-focused metal binder jetting solutions in volume, we are delighted with the growth potential for Aidro. “

“We are delighted to partner with Desktop Metal,” said Tommaso Tirelli, Co-CEO and Vice President of Business Development at Aidro. “This partnership will allow us to continue investing in the expansion of AM for next-generation hydraulic solutions to disrupt massive industries such as oil, gas and aerospace. “

“With the collaboration and support of Desktop Metal, we will be able to take our hydraulic AM capabilities to the next level,” said Alberto Tacconelli, Managing Director of Aidro. “We are ready to embrace additive manufacturing to develop innovative products for our customers, leveraging mass production technologies to achieve affordable part costs and high performance designs that overcome the limitations of conventional manufacturing. “

About Desktop Metal

Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating manufacturing transformation with a broad portfolio of 3D printing solutions, from rapid prototyping to mass production. Founded in 2015 by leaders in advanced manufacturing, metallurgy and robotics, the company addresses unmet challenges of speed, cost and quality to make additive manufacturing an essential tool for engineers and manufacturers. of the whole world. Desktop Metal has been selected as one of the World’s 30 Most Promising Technology Pioneers by the World Economic Forum and is named to the MIT Technology Review’s 50 Smartest Companies list.

For more information visit www.desktopmetal.com.

About Aidro

Aidro srl, founded in 1982 and based in Italy, is a pioneer in the design and production of components for hydraulic and hydraulic systems via additive manufacturing. The company provides innovative and customized solutions that leverage the benefits of additive manufacturing, including weight reduction, assembly consolidation and improved performance, to customers in industries such as oil and gas, industrial , agriculture, aerospace, and mobile and industrial machinery, among others.

For more information visit www.aidro.it

Forward-looking statements

This press release contains certain forward-looking statements within the meaning of federal securities laws. Forward-looking statements are generally identified by the words “believe”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”, “Plan”, “may”, “should”, “will”, “would”, “will”, “continue”, “will probably result” and similar expressions. Forward-looking statements are predictions, projections and other statements regarding future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. There are many factors that could cause actual future events to differ materially from forward-looking statements contained in this document, including, but not limited to, the risks and uncertainties set forth in documents filed by Desktop Metal, Inc. with the United States Securities and Exchange Commission. These documents identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place 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, either as a result. new information, future events or otherwise. .

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210909005488/en/

Contacts

Investor Relations
Jay gentzkow
(781) 730-2110
[email protected]

Media relations
Lynda McKinney
978-224-1282
[email protected]


Source link

Previous Legal Considerations Regarding Self-Storage Collection Efforts
Next Virgin Galactic provides update on Unity 23 test flight

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *