- Additive manufacturing (AM) solutions provider Desktop Metal Inc (NYSE:DM) has received a $9 million order from a major German automaker for binder jet additive manufacturing systems.
- This is the second order from the same automaker in less than twelve months, bringing the total amount of production AM systems ordered to $16.9 million.
- The binder jetting will be used for mass production of powertrain components.
- “The Additive Manufacturing industry continues to grow for mass production applications, with the most innovative companies in the world leading the way,” said CEO Ric Fulop.
- Price Action: DM shares are trading higher by 3.45% at $2.10 in premarket on the last check Friday.
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Cooking Equipment Company Middleby Misses On Q3 Topline Hit By Inventory De-Stocking, Rising Interest Rate Headwinds
Middleby Corp (NASDAQ: MIDD) reported a third-quarter FY23 net sales decline of 1.2% year-over-year to $980.65 million, -4.4% on an organic basis,
