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SLM Solutions signs Memorandum of Understanding (MoU) for the purchase of five NXG XII 600 with Major European OEM

·3-min read

DGAP-News: SLM Solutions Group AG / Key word(s): Product Launch/Miscellaneous
25.01.2021 / 15:00
The issuer is solely responsible for the content of this announcement.

SLM Solutions signs Memorandum of Understanding (MoU) for the purchase of five NXG XII 600 with Major European OEM

Lübeck, Germany - January 25, 2021. A major European OEM has signed an MoU to purchase five NXG XII 600 machines, with the first machine delivery in 2022. The agreement also facilitates the reservation and allocation of production-slots.

In November 2020, SLM Solutions unveiled the NXG XII 600 boasting 12 lasers, each with 1 kW power and a build envelope of 600x600x600mm. Its arrival marks a breakthrough in the additive manufacturing (AM) sector and paves the way for industrial serial production. Combined with innovative technical features, maximum productivity and reliability, it proves SLM Solutions' technological leadership in the AM manufacturing industry. The customer will be one of the first global companies to take advantage of its benefits and intends to implement it for serial production.

Sam O'Leary, CEO of SLM Solutions explains: "When we launched the NXG XII 600, we knew it would disrupt the industry and spark a new era for manufacturing. Therefore, this MoU just two months after the launch is an exciting milestone for the company. It validates our vision that the OEMs can implement innovative additive manufacturing technology for serial production into their business models." He then went on to say that: "The NXG XII 600 accelerates the future of metal additive manufacturing, and our engineers have further pushed the boundaries of what is possible."

Additive Manufacturing can lead to numerous commercial and technical advantages allowing companies to strengthen their competitive positions. It requires knowledge in additive manufacturing, but above all, robust and productive machines. The SLM Solutions' NXG XII 600 takes manufacturing to a new level and enables the production of complex, high-quality metal parts in only a few hours.

O'Leary further states: "This MoU underlines that not only are we prepared to step forward to the industrialization of metal additive manufacturing, but the marketplace is ready as well."

The final binding agreement will be signed by Q2 2021.

Additionally, a further beta machine contract has been concluded with another customer. This machine will be delivered in Q2 2021.


About SLM Solutions:

SLM Solutions is an integrated solutions provider and metal additive manufacturing partner. The company takes a vested interest in customer's long-term success with metal additive manufacturing. Robust Selective Laser Melting machines optimize fast, reliable and cost-efficient part production and SLM Solutions' experts work with customers at each stage of the process to provide support which elevates use of the technology and ensures their return on investment is maximized. A publicly traded company, SLM Solutions Group AG is headquartered in Germany, with offices in Canada, China, France, India, Italy, Russia, Singapore and the United States.


Contact

Dirk Ackermann
SLM Solutions Group AG
E-Mail: ir@slm-solutions.com


25.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

SLM Solutions Group AG

Estlandring 4

23560 Lübeck

Germany

Internet:

www.slm-solutions.com

ISIN:

DE000A111338

WKN:

A11133

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1162997


 

End of News

DGAP News Service

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