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home / news releases / DM - Desktop Metal bags $2M contract from US Dept of Veterans Affairs

DM - Desktop Metal bags $2M contract from US Dept of Veterans Affairs

Dominion Energy Midstream Partners LP representing Limited Partner Interests
  • Desktop Metal ( NYSE: DM ) said Monday it secured a three-year, multimillion-dollar contract with the Veterans Health Administration to develop and test 3D printed healthcare products with FreeFoam, a photopolymer resin.
  • The initial contract award, for $2M, has the potential to grow to $7M after successful phase-gate deliveries.
  • FreeFoam is currently being printed exclusively on the ETEC Xtreme 8K DLP printer, with commercial availability slated for 2023.
  • ETEC is Desktop Metal's ( DM ) industrial polymer brand.
  • The Veterans Health Administration will receive an Xtreme 8K and other equipment, as well as development support for the project.

For further details see:

Desktop Metal bags $2M contract from US Dept of Veterans Affairs
Stock Information
Company Name: Dominion Energy Midstream Partners LP representing Limited Partner Interests
Stock Symbol: DM
Market: NYSE
Website: desktopmetal.com
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