PRESS RELEASE - Desktop Metal is Named a 2018 Gold Edison Award Winner
The Edison Awards, celebrating 31 years of honoring the best in innovation and excellence in the development of new products and services, announced today that the Desktop Metal Production System™ was voted a Gold Winner for innovation at the April 11th event at The Capitale in New York City. Members of Desktop Metal’s founding team including CTO, Jonah Myerberg, and inventor of binder jet printing, Ely Sachs, joined hundreds of senior executives from some of the world’s most recognized companies to acknowledge the hard work and commitment of all of the 2018 Edison Award winners.
Being recognized with an Edison Award has become one of the highest accolades a company can receive in the name of innovation and business. The awards are named after Thomas Alva Edison (1847-1931) whose inventions, new product development methods and innovative achievements literally changed the world, garnered him 1,093 U.S. patents, and made him a household name around the world.
Winning in the Applied Technology/ 3D Printing category, the Desktop Metal Production System is the first metal 3D printing system for mass production of complex metal parts that is up to 100 times faster than current laser systems, delivering the speed, quality, and cost-per-part needed to compete with traditional manufacturing processes.
“Our judges recognized the Desktop Metal Production System as a true innovator out of the many products in its category,” said Frank Bonafilia, executive director of the Edison Awards.
“We are truly honored to join the prestigious roster of recipients of the Edison Award,” says Ric Fulop, CEO and Co-founder of Desktop Metal. “Until now, metal 3D printing has failed to meet today’s manufacturing needs due to high costs, slow processes and hazardous materials. Desktop Metal is committed to making metal 3D printing accessible for engineers, and the Production System enables a rapid go-to-market production capability that marks a fundamental shift in how products will be made.”
The ballot of nominees for the Edison Awards™ was judged by a panel of more than 3,000 leading business executives including past award winners, academics and leaders in the fields of product development, design, engineering, science and medical.
About the Edison Awards™
The Edison Awards is a program conducted by Edison Universe, a non-profit, 501(c)(3) organization dedicated to fostering future innovators. The Awards have been recognizing and honoring the best in innovations and innovators since 1987. They honor game-changing innovations that are at the forefront of new product and service development, marketing and human-centered design, and are one of the highest accolades a company can receive in the name of successful innovation. For more information about the Edison Awards complete program and a list of past winners, visit www.edisonawards.com.
About Desktop Metal
Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating the transformation of manufacturing with end-to-end metal 3D printing solutions. 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 metal 3D printing an essential tool for engineers and manufacturers around the world. Since its inception, the company has raised $438 million in financing with a portfolio of strategic partners and investors including Ford Motor Company, GV (formerly Google Ventures), GE Ventures, BMW iVentures, Koch Disruptive Technologies, Lowe’s, New Enterprise Associates (NEA) and more. 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 www.desktopmetal.com.