Desktop Metal, Inc. (DM) Oppenheimer 25th Annual Technology, Internet & Communications Conference August 10, 2022 3:45 PM ET
Company Participants
Ric Fulop - CEO and Founder
Conference Call Participants
Martin Yang - Oppenheimer
Martin Yang
Good afternoon, everyone. Welcome to the 25th Oppenheimer Annual Technology Conference. This afternoon, we have the pleasure to host, the CEO of Desktop Metal, Ric Fulop. And in the next 40 to 50 minutes, he will walk through the business overview as well as market conditions. Rick, the floor is yours.
Ric Fulop
Wonderful. Martin, it’s a real pleasure to meet you and meet everybody else from Oppenheimer, and tell you more about Desktop Metal, which is changing the way that you make products with mass production via 3D printing.
The company is about 6.5 years old, founded out of MIT. We have four MIT professors as co-founders. And we’ve developed our new way to mass produce parts with additive and are focused on area-wide processes that benefit over time from Moore’s Law. So, these are printing processes that every three years we’re essentially increasing the throughput of the products. And so, you can expect a doubling of performance every three years, and every decade, you get a 10x. And that’s a significant difference from the other processes that exist to do production, with printing or tooling or prototyping. So, our technology has dramatic differences that way.
We believe we can get to double-digit share of this industry, which is going to be $100 billion by the end of the decade. We are really well positioned and are growing faster than our competitors in this space. This market, depending on who you ask, is projected to be over $100 billion by 2030. And we have very strong secular tailwinds that we expect will continue that are helping us with bring onshoring and supply
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