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Benzinga
Benzinga
Business
Adam Eckert

UNCOVERED: Why desktop metal shares are trading higher today - Caught on Camera

Desktop Metal Inc (NYSE:DM) is trading higher Monday after the company announced it shipped its first Production System P-50 printer to Stanley Black & Decker Inc (NYSE:SWK).

Following nearly $100 million in investments and four years of development, Monday's announcement marks the commercialization of Desktop Metal's flagship additive manufacturing technology for mass production of end-use, metal parts.

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