Desktop Metal to Acquire EnvisionTEC, Entering Market for Volume Production Polymer Additive Manufacturing

EnvisionTec’s Category-leading Product and IP Portfolios Expand Desktop
Metal’s Reach to Photopolymer 3D Printing, Digital Biofabrication, and Digital
Casting Markets, Offering Go-to-Market Synergies Via Robust, Vertically-Focused
Dental and Jewelry Channels

BOSTON, MA and DEARBORN, MI (January 15, 2021) – Desktop Metal, Inc. (NYSE:
DM), a leader in mass production and turnkey additive manufacturing solutions, today
announced the signing of a definitive agreement to acquire EnvisionTEC, a leading
global provider of volume production photopolymer 3D printing solutions for end-use
parts, for total consideration of $300 million, consisting of a combination of cash and
newly issued Desktop Metal stock. The transaction is expected to close in the first
quarter of 2021, subject to customary closing conditions. Following completion of the
acquisition, EnvisionTEC will operate as a wholly owned subsidiary of Desktop Metal.
EnvisionTEC founder Al Siblani will continue to serve as Chief Executive Officer of the
EnvisionTEC business.

“I’m thrilled to partner with Al and the EnvisionTEC team to bring significant growth to
the additive market,” said Ric Fulop, Founder and Chief Executive Officer of Desktop
Metal. “EnvisionTEC is a true pioneer and responsible for many of the leading
technologies widely used today to produce end-use photopolymer parts through
additive manufacturing. Together, Desktop Metal and EnvisionTEC have an opportunity
to shape the future of Additive Manufacturing 2.0 and transform how parts are made
around the world. I look forward to welcoming EnvisionTEC to the Desktop Metal team
to deliver world-class additive manufacturing solutions that help make our customers

“I am excited and honored to partner with Ric and the Desktop Metal team to deliver
end-use parts in both metal and polymers as we implement Ric’s vision on the future
of Additive Manufacturing 2.0,” said Siblani. “Bringing the two companies together will
deliver a global footprint of customers that can cross-benefit from our combined
technology platforms. I believe we have many opportunities to scale the business,
disrupt traditional manufacturing, expand our customer base, and create value for our

Acquiring a Category Leader with a History of Innovation
As the original inventor of digital light processing (DLP) 3D printing technology,
EnvisionTEC has one of the strongest intellectual property portfolios in the area-wide
photopolymer 3D printing market, counting over 140 issued and pending patents,
which Desktop Metal believes includes blocking intellectual property.
Today, EnvisionTEC has over 5,000 customers across a broad range of industries,
including medical devices, jewelry, automotive, aerospace, and biofabrication. In
addition, the company is a leader in the dental market, more than tripling the number of
Envision One dental shipments from 2019 to 2020 and with over 1,000 dental
customers now using its printers for end-use parts. Key customers include Cartier,
Celgene, Ford, Hasbro, Oral Arts, Stuller, and Smile Direct Club. In addition to
extensive customer adoption, EnvisionTEC has a broad library of over 190 materials,
featuring photopolymer resins with material properties in-line with or exceeding those
of thermoplastics and multiple FDA-listed and 510(K)-cleared resins for the
manufacturing of medical devices. The company augments its robust proprietary
material development efforts with a selectively open business model, leveraging
relationships with major chemical companies such as Henkel Loctite, DSM Somos,
Detax, Keystone,  and Arkema to sell third-party, industry-validated resins
for use with its additive manufacturing platforms.

Expanding a Unified Product Portfolio Across Metals, Composites, and Polymers
EnvisionTEC brings a compelling product portfolio for producing photopolymers under
Desktop Metal’s umbrella, including the new Envision One and Xtreme 8K printing
platforms designed for cost-effective volume production. The Xtreme 8K platform,
which is expected to begin commercial shipments in the first quarter of 2021, features
the largest build area among production-grade DLP printers. The Xtreme 8K leverages
patented projection array technology and is capable of delivering build speeds up to
100 times those of legacy thermoplastic 3D printers (1) and at a fraction of the hardware
price of comparable solutions. The Envision One platform, which includes models for
dental, medical, and industrial segments and for high temperature resins, leverages
patented continuous digital light manufacturing (cDLM) and domeless basement
technologies to deliver high-speed, end-use parts production with exceptional

EnvisionTEC is also a pioneer in digital biofabrication additive manufacturing with its
Bioplotter platform, which supports the production of biocompatible parts for medical
applications such as bone regeneration, cartilage regeneration, soft tissue fabrication,
drug release, and organ printing.

Scaling Distribution and Access to New Verticals Through Complementary
The acquisition more than doubles Desktop Metal’s global distribution network and
increases its geographic sales capabilities to 68 countries around the world.
EnvisionTEC adds a robust set of vertically-focused partners in the dental and jewelry
markets, which Desktop Metal plans to leverage to sell its metal additive manufacturing
solutions. In addition, Desktop Metal’s horizontally-focused channel partners will
provide an outlet for distributing EnvisionTEC products and scaling its sales,
particularly in industrial, education, and R&D segments.

Leveraging Desktop Metal Technology to Advance Digital Casting Solutions
Through this acquisition, Desktop Metal will gain digital casting capabilities via
EnvisionTEC’s industrial-scale robotic additive manufacturing (RAM) product platform.
EnvisionTEC’s RAM systems, which are available for as little as one-fourth of the price
of slower legacy alternatives, use patented technology to produce mold cores and
investment casting patterns for foundry applications using either Polymethyl
Methacrylate (PMMA) or silica sand. Desktop Metal plans to significantly advance the
performance of this platform with the proprietary and patent-pending Single Pass
Jetting™ technology originally developed for its Production System™ to drive
productivity enhancements and improve part economics across builds as large as 1.8 x
0.9 x. 0.9 meters.

Conference Call Information
Desktop Metal will host a conference call on January 15, 2021 at 8:15 a.m. ET to
discuss the transaction. The conference call will be webcast simultaneously to the
public through a link on the Investor Relations section of Desktop Metal’s website,

About Desktop Metal
Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating the
transformation of manufacturing with an expansive portfolio of 3D printing solutions,
from rapid prototyping to mass production. Founded in 2015 by leaders in advanced
manufacturing, metallurgy, and robotics, the company is addressing the unmet
challenges of speed, cost, and quality to make additive manufacturing an essential tool
for engineers and manufacturers around the world. Desktop Metal was selected as one
of the world’s 30 most promising Technology Pioneers by the World Economic Forum
and named to MIT Technology Review’s list of 50 Smartest Companies.
For more information, visit

About EnvisionTEC
EnvisionTEC is a leading global provider of professional-grade 3D printing solutions.
Founded in 2002 with its pioneering commercial DLP printing technology, EnvisionTEC
now sells more than 30 printer configurations based on five distinct technologies that
build objects from digital design files. The company’s premium 3D printers serve a
variety of medical, professional and industrial markets, and are valued for precision,
surface quality, functionality and speed.
For more information, visit

Forward Looking Statements
This communication relates to a proposed business combination transaction between
Desktop Metal, Inc. (“Desktop Metal”) and EnvisionTEC, Inc. (“EnvisionTEC”). This
communication includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. All statements other than statements of historical
facts contained in this communication, including statements regarding the anticipated
benefits of the proposed transaction, anticipated impact of the proposed transaction
on Desktop Metal’s future results of operations and financial position, the amount and
timing of synergies from the proposed transaction, the anticipated closing date, and
other aspects of Desktop Metal’s operations or results, are forward-looking
statements. These statements involve known and unknown risks, uncertainties and
other important factors that may cause actual results, performance or achievements to
be materially different from any future results, performance or achievements expressed
or implied by the forward-looking statements. In some cases, you can identify forwardlooking
statements by terms such as “may,” “will,” “should,” “expect,” “plan,”
“anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,”
“predict,” “potential” or “continue” or the negative of these terms or other similar
expressions. The forward-looking statements in this communication are only
predictions. Desktop Metal has based these forward-looking statements on current
information and management’s current expectations and beliefs. These forwardlooking
statements speak only as of the date of this communication and are subject to
a number risks and uncertainties, including, without limitation, the following: the impact
of the COVID-19 pandemic on Desktop Metal’s and EnvisionTEC’s business, including
their suppliers and customers; the effect of the transaction (or announcement thereof)
on the ability of Desktop Metal or EnvisionTEC to retain and hire key personnel and
maintain relationships with customers, suppliers and others with whom they do
business; risks that the transaction disrupts current plans and operations; the ability of
Desktop Metal and EnvisionTEC to consummate the proposed transaction in a timely
manner or at all, including the ability to secure regulatory approvals; impact to Desktop
Metal’s business if the transaction is not consummated; successful integration of
Desktop Metal’s and EnvisionTEC’s businesses and realization of synergies and
benefits; the ability of Desktop Metal to implement business plans, forecasts and other
expectations following the completion of the transaction; risk that actual performance
and financial results following completion of the transaction differ from projected
performance and results; and business disruption following the transaction. This list of
risks and uncertainties is not exhaustive. For additional information about other risks
and uncertainties that could cause actual results of the transaction to differ materially
from those described in the forward-looking statements in this communication, and of
Desktop Metal’s business, financial condition, results of operations and prospects
generally, please refer to Desktop Metal’s reports filed with the Securities Exchange
Commission (“SEC”), including without limitation the “Risk Factors” and/or other
information included in the Form 8-K to be filed by Desktop Metal in connection with
the transaction, the S-4 Registration Statement filed with the SEC on September 15,
2020, the S-1 Registration Statement filed with the SEC on December 23, 2020, and
such other reports as Desktop Metal has filed or may file with the SEC from time to
time. The forward-looking statements included in this communication are made as of
the date hereof. Except as required by applicable law, Desktop Metal will not update
any forward-looking statements to reflect new information, future events, changed
circumstances or otherwise.
(1) Based on print time estimates for professional and industrial extrusion-based 3D printers and using
comparable layer thickness and materials.

Press Contacts
For Desktop Metal Investor / Media Relations
Lynda McKinney
Investor Relations
Mike Callahan / Tom Cook
# # #