Desktop Metal Now Shipping the Figur G15 – a Digital Sheet Metal Forming Machine that Eliminates the Need for Custom Tooling

• The Figur G15 uses patent-pending Digital Sheet Forming (DSF) technology in which a software-driven ceramic toolhead on a gantry shapes standard sheet metal into parts with up to 2,000 lbs of force
• With a maximum sheet size of 1600 x 1200 mm (63.0 x 47.2 in), the Figur G15 delivers parts with a draw depth up to 400 mm (16 in) in Z without custom forming tools, molds, dies, or presses
• The G15 supports forming a range of metals and sheet thicknesses – including steel up to 2.0 mm and aluminum up to 2.5 mm – and delivers a high quality surface finish
• Manufacturers now have a competitive way to offer formed sheet metal parts and products quickly for automotive, appliance, and aerospace applications without the high startup and development costs normally associated with sheet metal fabrication
• First shown at IMTS 2022, the Figur G15 has sold out of its initial manufacturing run and is accelerating production to meet demand
• A video showcasing how Saltworks will be using the Figur G15 is available at TeamDM.com/Saltworks

Desktop Metal (NYSE:DM),a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced the first commercial shipments of the Figur G15, an innovative Digital Sheet Forming (DSF) machine tool, to Saltworks Fab, a Florida-based automotive restoration and hot rod company.

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Justin Nardone, CEO of Figur, a Desktop Metal brand, shown with the Figur G15 machine tool with Digital Sheet Forming (DSF) technology. The Figur G15 is the first commercially available machine tool platform to shape sheet metal on demand without custom tooling. (Photo: Business Wire)

Satworks is installing two Figur G15 platforms at its Sarasota, Florida facility to accelerate its auto restoration business and expand access to metal forming services to new customers. The company often creates metal body panels that are no longer commercially available with manual hammering and laborious forming processes.

Investing in the Figur G15, the company will dramatically reduce production times while also having the flexibility of digital manufacturing to create complex shapes, efficient one-offs, or produce short-runs of designs. Saltworks recently demonstrated the capabilities of the Figur G15 at the SEMA Show in Las Vegas, where the team exhibited the entire side body of a Mercedes Gullwing created of 6061 aluminum panels formed on the G15 in under 10 hours for the entire 15-piece assembly.

"Our team has over 100 years of combined metal-shaping experience, and we're excited to bring the latest digital metal forming technology in-house," said David Jacobsen, CEO of Saltworks Fab. "The Figur G15 buys us time. It allows us to bring vintage vehicles back to their former glory while also enabling us to enter a whole new level of business helping customers that currently don't have the ability or resources to form metal. Figur G15 allows us to expand access to metal-shaping services to a broader variety of small businesses, design shops, and self-builders."

The Figur G15 is the first commercially available machine tool platform to shape sheet metal on demand without custom tooling. Introduced at the 2022 International Manufacturing Technology Show (IMTS) in Chicago, the Figur G15 uses patent-pending DSF technology in which a software-driven ceramic toolhead on a gantry shapes standard sheet metal into parts with up to 2,000 lbs of forming force without tooling, with software that simplifies the creation of sheet metal part production.

Recently, custom classic car influencer Rob Ida of Rob Ida Concepts in New Jersey posted on Instagram @rob_ida about how he is using the Figur G15 technology to create components for a 1955 Tucker Carioca, a vehicle concept from legendary carmarker Preston Tucker that never made it from drawing to production.

"The response to Figur G15 from the market across a wide variety of sectors has been exciting," said Justin Nardone, CEO of Figur, a Desktop Metal brand. "The G15 eliminates a lot of the work required when forming metal, such as the design and manufacturing of tools and dies. Our system produces designs quickly, accurately, and repeatedly, so manufacturers are able to focus on the craftsmanship of design while getting their products to market faster and more efficiently."

Saltworks is planning to purchase two additional G15 systems, for a total of four, to join its initial fleet in the near future with plans to run all four machines over three shifts to keep up with demand.

To learn more about Figur, visit figur.desktopmetal.com.

About Desktop Metal:

Desktop Metal (NYSE:DM) is driving Additive Manufacturing 2.0, a new era of on-demand, digital mass production of industrial, medical, and consumer products. Our innovative 3D printers, materials, and software deliver the speed, cost, and part quality required for this transformation. We're the original inventors and world leaders of the 3D printing methods we believe will empower this shift, binder jetting and digital light processing. Today, our systems print metal, polymer, sand and other ceramics, as well as foam and recycled wood. Manufacturers use our technology worldwide to save time and money, reduce waste, increase flexibility, and produce designs that solve the world's toughest problems and enable once-impossible innovations. Learn more about Desktop Metal and our #TeamDM brands at www.desktopmetal.com.

Forward-looking Statements:

This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical facts contained in these communications, including statements regarding Desktop Metal's future results of operations and financial position, financial targets, business strategy, and plans and objectives for future operations, are forward-looking statements. Forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: risks associated with the integration of the business and operations of acquired businesses; Desktop Metals' ability to realize the benefits from cost saving measures; supply and logistics disruptions, including shortages and delays. For more information about risks and uncertainties that may impact Desktop Metal's business, financial condition, results of operations and prospects generally, please refer to Desktop Metal's reports filed with the SEC, including without limitation the "Risk Factors" and/or other information included in the Form 10-Q filed with the SEC on August 3, 2023, and such other reports as Desktop Metal has filed or may file with the SEC from time to time. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put 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, whether as a result of new information, future events, or otherwise.

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