New system joins Desktop Metal’s category-leading ExOne S-Max line of industrial sand binder jetting solutions

S-Max Flex leverages the combined technology and application expertise of Desktop Metal and ExOne to offer an affordable, precise, and robust tool for foundries stepping into the next era of digital casting

Designed for turnkey ease of use, S-Max Flex uses Desktop Metal’s patent-pending Single Pass Jetting™ (SPJ) technology to print at high speeds delivering low part costs

The most affordable sand 3D printer ever offered by the ExOne brand, the S-Max Flex aims to bring sand binder jetting to every foundry

BOSTON, April 19, 2022--(BUSINESS WIRE)--Desktop Metal (NYSE: DM) today announced the launch of the ExOne S-Max® Flex, a scalable, large-format binder jetting system that 3D prints sand tooling, which foundries use to quickly cast complex metal designs for the aerospace, automotive, and energy industries, among others.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220419005064/en/

The ExOne S-Max® Flex is an affordable and easy-to-use robotic additive manufacturing system that foundries use to 3D print large and complex sand molds and cores for metalcasting. (Photo: Business Wire)

ExOne, which was acquired by Desktop Metal in late 2021, is the leading digital sand printing solution provider for foundries. The new S-Max Flex combines ExOne’s sand printing expertise in process and materials with proprietary Desktop Metal SPJ technology in an affordable architecture to deliver new value to foundries that have long wanted an S-Max but found the premium price out of reach.

The S-Max Flex will debut at CastExpo 2022, North America’s largest metalcasting trade show, from April 23-26 in Columbus, Ohio. A video highlighting the benefits of the S-Max Flex for early customers, including Alpha Foundry of Wright City, Mo., and D.W. Clark in Taunton, Mass., was released today at www.exone.com/flexvideo.

"To achieve our vision of Additive Manufacturing 2.0, we need to make production 3D printing practical in terms of speed, cost, and material availability for a broad range of applications," said Ric Fulop, Co-Founder and CEO of Desktop Metal. "We designed the all-new S-Max Flex from the ground up leveraging SPJ technology with the idea of making premium sand 3D printing accessible to every foundry, so that more companies can take advantage of the benefits of AM 2.0, such as distributed, local production, and remain competitive for the long term."

The S-Max Flex comes to market at a time of strong demand for castings, along with challenges finding labor. After years of contraction, the U.S. metalcasting industry is experiencing growth as a result of supply chain changes related to the COVID-19 pandemic. A recent survey released by the American Foundry Society shows that 90 percent of responding North American foundries have a positive business outlook and anticipate making capital investments in the next 12 months, including of 3D printers.

Additional early buyers of the new S-Max Flex include Founders Service & Manufacturing Co. Inc. of Deerfield, Ohio, and HTCI Co. of New Carlisle, Ohio.

Details of the S-Max Flex The S-Max Flex pairs an affordable industrial robot with an all-new end effector printhead design that deposits binder into a 1900 x 1000 x 1000 mm (74 x 39 x 39 in) telescoping build box that grows as the parts are built layer by layer. Additional build box sizes are available up to 4700 x 1000 x 1000 mm (185 x 39 x 39 in), with taller versions available up to 1000 x 2500 x 2400 mm (39 x 98 x 94 in).

Desktop Metal’s high throughput SPJ technology delivers a build rate up to 115 l/h, which offers foundries quick and reliable production to operate more efficiently in times of ongoing labor shortages, as well as a faster return on investment. The S-Max Flex joins the premium S-Max® and S-Max® Pro solutions that are used in foundries worldwide.

The all-new S-Max Flex prints standard silica sand with furan binders and delivers final parts with dimensional accuracy of +/- 0.5 mm. The system comes with several accessories and safety features that are configurable to fit a variety of spaces.

Industries beyond metalcasting are also set to take advantage of the S-Max Flex’s large form factor and ability to binder jet a variety of powders. Infiltrated sand tooling for plastic thermoforming, composite layup, and sacrificial tooling applications are printed today on S-Max machines, along with infiltrated sand consumer products, such as those offered by Sandhelden and Deeptime. Desktop Metal’s Forust brand, which upcycles byproducts of the wood waste stream into consumer designs, will also leverage the new system to print large form factor wood parts at scale cost-effectively. Additional projects are underway printing reclaimed concrete and other materials.

Binder Jetting - the Fastest AM Method for Mass Production Binder jet 3D printing is widely regarded as the fastest additive manufacturing method for the mass production of functional precision parts. Sand binder jet 3D printing has been used in foundries for more than two decades to create metalcasting tooling cost-effectively and with low turnaround times.

In the binder jetting process, an industrial printhead selectively deposits a binder into a bed of sand particles creating a solid part one thin layer at a time, similar to printing on sheets of paper. 3D printing straight from CAD files enables foundries to eliminate the months-long lead times and high costs of traditional patterns and coreboxes created from wood or metal. The design freedom of additive manufacturing also allows designers to innovate the parts made with the reliable casting process – creating complex, consolidated geometries that enable lightweighting and optimized part performance not possible with traditional processes.

For more information on the ExOne S-Max Flex system, visit www.exone.com.

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, named to MIT Technology Review’s list of 50 Smartest Companies, and the 2021 winner of Fast Company’s Innovation by Design Award in materials and Fast Company’s Next Big Things in Tech Award for sustainability. For more information, visit www.desktopmetal.com.

Forward-looking Statements This press release contains certain forward-looking statements within the meaning of the federal securities laws. 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, uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to, the risks and uncertainties set forth in Desktop Metal, Inc.'s filings with the U.S. Securities and Exchange Commission. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220419005064/en/

Media Relations: Caroline Legg carolinelegg@desktopmetal.com (203) 313-4228

Sarah Webster sarahwebster@desktopmetal.com (724) 516‑2336

Investor Relations: Jay Gentzkow jaygentzkow@desktopmetal.com (781) 730-2110

Shares of Nikola Corp. rallied 1.8% in premarket trading Thursday, after the electric vehicle company reported a narrower-than-expected first-quarter loss and revenue of nearly $2 million that was well above expectations. The net loss widened to $79.15 million, or 37 cents a share, from $53.43 million, or 31 cents a share, in the year-ago period. Excluding nonrecurring items, the adjusted per-share loss of 21 cents beat the FactSet loss consensus of 25 cents. Revenue totaled $1.89 million, compa

In the 3D printing company's first-quarter report, investors should focus on cash flow and P-50 sales along with the headline numbers.

(Bloomberg) -- Tesla Inc. confirmed a deal to buy nickel from mining giant Vale SA among other metal-supply contracts in an annual report on the company’s global impact, which also provided detailed data on the racial composition of its U.S. workforce. Most Read from BloombergElon Musk’s Fixer Is Quietly Tending the World’s Biggest FortuneChina Orders Government, State Firms to Dump Foreign PCsStocks Crater as Fed-Policy Jitters Rock Trading: Markets WrapFiona Hill Says Putin Sensed West’s Weakn

ConocoPhillips' (NYSE: COP) strategy of not hedging any oil and gas production is paying huge dividends this year. As a result, its cash flow is surging. The company is returning the bulk of that growing windfall to shareholders.

(Bloomberg) -- Finland managed to cut the amount of oil it imports from Russia just after the invasion of Ukraine started in late February. Most Read from BloombergChina Orders Government, State Firms to Dump Foreign PCsElon Musk’s Fixer Is Quietly Tending the World’s Biggest FortuneStocks Crater as Fed-Policy Jitters Rock Trading: Markets WrapU.S. Forgives $6.8 Billion in Public Service Worker Student LoansFiona Hill Says Putin Sensed West’s Weakness Before Ukraine WarThe Nordic country importe

(Bloomberg) -- BHP Group’s unsuccessful attempt to buy a junior Canadian nickel miner last year should be seen as “almost the tip of the iceberg” for its ambitions in the resource-rich country, says one of the company’s top executives.Most Read from BloombergStocks Crater as Fed-Policy Jitters Rock Trading: Markets WrapU.S. Forgives $6.8 Billion in Public Service Worker Student LoansElon Musk, Cathie Wood Say Passive Funds Have Gone Too FarFed Hikes Rates Half-Point as Powell Signals Similar Mov

Simply put, it is hotter than normal in many parts of the United States. Weather in Houston, the biggest city in Texas, is expected to reach 100 degrees Fahrenheit (37.8 Celsius) over the weekend, or about 15 degrees F higher than normal for this time of year. The gas market is getting caught up in the frenzy that has hit the oil, fuel and coal markets as countries scramble to make sure they have enough reliable energy in the wake of Russia's invasion of Ukraine.

(Bloomberg) -- It may have taken an investor rebellion, a pandemic and a war in Europe, but U.S. shale oil and gas producers are now on the cusp of making back their losses from the last decade. Most Read from BloombergStocks Crater as Fed-Policy Jitters Rock Trading: Markets WrapU.S. Forgives $6.8 Billion in Public Service Worker Student LoansUkraine Latest: Jill Biden Goes to Europe; Orban Slams ProposalElon Musk, Cathie Wood Say Passive Funds Have Gone Too FarFiona Hill Says Putin Sensed West

Feeling pain at the pump? Owing these stocks might ease that strain.

Canadian energy pipeline company Enbridge Inc reported on Friday a rise in first-quarter profit, and outlined expansion plans as global demand for liquefied natural gas (LNG) surges in the wake of Russia's invasion of Ukraine. That has led to record U.S. LNG export volumes this year and renewed interest in expanding Canada's LNG industry beyond a lone Shell-led facility under construction in Kitimat, northern British Columbia. "LNG exports are a big opportunity, with momentum building across the U.S. Gulf Coast, and now more so in western Canada," Enbridge Chief Executive Al Monaco told an earnings call.

The Japanese company’s electrification focus still seems to be on complicated hybrid powertrains, which many see as an intermediate technology. Meanwhile, Tesla races ahead, pursued by VW, GM, Ford, and many others, including a host of start-ups.

Oil and gas companies are posting record profits so far in 2022.

A reconciliation between these GAAP and non-GAAP financial measures is included in our earnings press release and supplemental financials, which can be found on our Investor Relations website at investors.confluent.io. The underlying trend behind this shift is that we are experiencing a phase change in how companies use software.

(Bloomberg) -- European banks are counting the rising costs of Russia’s invasion of Ukraine as the war pushes up commodity prices and disrupts corporate supply chains.Most Read from BloombergElon Musk’s Fixer Is Quietly Tending the World’s Biggest FortuneChina Orders Government, State Firms to Dump Foreign PCsStocks Crater as Fed-Policy Jitters Rock Trading: Markets WrapFiona Hill Says Putin Sensed West’s Weakness Before Ukraine WarSaudi Prince Reverses Course on Twitter for ‘New Friend’ MuskLed

Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data seen by Reuters shows, reflecting a number of factors including moves by Western oil majors away from African projects. OPEC and its allies, known as OPEC+, pumped 1.45 million barrels per day (bpd) - equal to 1.5% of world supply - below its target in March, the OPEC+ figures seen by Reuters show. According to the figures, Angola was responsible for almost 300,000 bpd of the OPEC+ supply shortfall while Nigeria was pumping almost 400,000 bpd below target.

Yahoo Finance's Anjalee Khemlani joins the Live show to discuss the FDA's decision to limit the use of Johnson & Johnson COVID-19 vaccines amid blood clot concerns. 

Guyana is in "no rush" to draft a new production sharing agreement (PSA) for offshore oil development, its Natural Resources minister told Reuters, reversing a year-long drive to devise new rules for future output. The government of South America's newest crude oil producer said in 2021 it was planning a new agreement to revamp terms and boost royalties for future oil and gas projects. The proposed document was expected to improve terms for Guyana of a 2016 contract with Exxon Mobil and its partners for the prolific Stabroek block.

Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce: 1) the intent to reinstitute the Company's base dividend on July 15, 2022; 2) the successful acquisition of strategic, core area lands in SE Saskatchewan at a recent Crown sale; 3) the receipt of an additional $30 million of term debt financing under the same terms and conditions as its existing 5-year term debt facility (the "Term Debt Facility"); 4) the intent to redeem the Company's $44.5 million of 5.75% converti

U.S. oil producer ConocoPhillips on Thursday reported a first-quarter profit that jumped five-fold and exceeded Wall Street estimates on higher energy prices and volumes. Conoco pledged to bump up shareholder returns by 25% to $10 billion this year but gave a weaker-than-expected outlook for full-year production while raising project spending. Still, its year-over-year profit gain outshone that of rivals Exxon Mobil Corp, BP Plc and TotalEnergies thanks to the absence of Russia writedowns and a primary focus on crude and gas production instead of fuels or renewable energy sources.

Demand for ride-sharing services for Lyft and Uber plunged heavily during the pandemic, for very obvious safety reasons. Uber had a leg-up on Lyft, because it's food-deliver service Uber Eats saw a boost during the worst of the pandemic.