Desktop Metal, Inc. (DM) Jefferies Industrials Conference August 9, 2022 3:00 PM ET
Company Participants
Ric Fulop - CEO and Founder
Conference Call Participants
Andy McCleneghen - Jefferies
Andy McCleneghen
Good afternoon, everyone, and welcome to the Jefferies 2022 Industrials Conference. My name is Andy McCleneghen. I’m an associate with the investment banking team here at Jefferies. And today, it’s my pleasure to introduce Ric Fulop, who is the Founder and CEO of Desktop Metal. We’ll leave a few minutes for questions at the end of the session. And with that, I’ll pass it off to Ric.
Ric Fulop
Thank you very much. It’s great to meet you all, and look forward to sharing a little bit more about Desktop Metal. How many folks here are familiar with our story? All right. Awesome. Okay, great. Well, let me tell you a little bit about our company.
Our goal is to change the way people make products and making with a new process a lot more efficient, let you do much greater freedom of design and really simplify the way that those products are made and make that -- eventually we think we can get to double-digit share of this new way to produce products, which is referred to traditionally as 3D printing or additive manufacturing.
The Company is in a segment that’s growing around 25% a year, and we project -- or different folks project that that’s going to get to about $100 billion by the end of the decade as people shift the use of printing from prototyping into mass production. It gives you a significant levers and flexibility in how you do your supply chain. So, you now are able to produce parts on demand when you need them, instead of having to order them around the world, put them in a boat, get them over here and go
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