Desktop Metal Announces Sale Of First PureSinter Furnace To AmPd Labs; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Desktop Metal, Inc. (NYSE:DM) announced the sale of its first PureSinter Furnace to AmPd Labs. The PureSinter Furnace, launched in June, offers high-purity debinding and sintering for metal parts. Shipments to customers begin this quarter.
July 22, 2024 | 12:33 pm
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Desktop Metal, Inc. (NYSE:DM) has sold its first PureSinter Furnace to AmPd Labs. This new product launch and sale could positively impact DM's revenue and market position in the additive manufacturing sector.
The sale of the first PureSinter Furnace indicates market acceptance and potential revenue growth for Desktop Metal. The product's unique features and the start of shipments this quarter are likely to positively impact DM's stock price in the short term.
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