AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

SLM Solutions Group AG and Divergent Technologies Execute a Letter of Intent to Purchase Next Generation AM Machines and Further Deepen their Strategic Partnership

November 18, 2019
SLM Solutions Group AG and Divergent Technologies Execute a Letter of Intent to Purchase Next Generation AM Machines and Further Deepen their Strategic Partnership
SLM Solutions Group AG and Divergent Technologies Execute a Letter of Intent to Purchase Next Generation AM Machines and Further Deepen their Strategic Partnership

FRANKFURT, Germany--(BUSINESS WIRE)--Nov 18, 2019--

At FORMNEXT 2019, the strategic partners will present a front quarter-section of Divergent’s fully functional and crashworthy hypercar that features a revolutionary printed chassis structure. Additionally, they will showcase generatively engineered and validated lightweight suspension and chassis components, including a set of control arms manufactured on the first pre-production instance of the jointly developed machine. The suspension and chassis structures being displayed were produced on SLM Solutions’ complete selective laser melting machine suite – including SLM ® 800, SLM ® 500 and SLM ® 280 systems – and successfully endured over 450,000 kilometers of simulated road conditions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191118005855/en/

Divergent’s revolutionary 3D printed chassis structure (Graphic: Business Wire)

To accelerate the development and time to market of the next generation machines, Divergent will purchase 5 pre-production machines that will be used for factory integration and system bulletproofing at its showcase facility in Los Angeles, California.

According to Divergent’s CEO, Kevin Czinger, it plans to use the next generation machines to meet production demand for a number of major global carmaker programs. Divergent’s initial factory deployment will require at least 20 next generation production machines when commercially available. Already in 2020, Divergent plans to begin series production of safety-critical structures for OEM customers in the US and Europe, followed by a customer rollout of advanced manufacturing facilities.

Meddah Hadjar, CEO of SLM Solutions shared, “The next generation machine resulting from this partnership achieves cost productivity enabling the broad use of metal additive manufacturing for true series production.”

“Alignment between the two companies across machines, software, and materials will drive a step change from stand-alone AM machines to fully integrated smart factories,” said Kevin Czinger, Founder and CEO of Divergent.

In June 2019, Mr. Czinger was appointed to the SLM Solutions Supervisory Board to expand and deepen the strategic partnership between the companies.

About SLM Solutions

SLM Solutions’ robust Selective Laser Melting® metal additive manufacturing systems optimize fast, reliable and cost-efficient production for complex, completely dense metal parts. We focus on long-term success, providing support and knowledge-sharing to elevate customer production. A publicly traded company, SLM Solutions Group AG is headquartered in Germany with offices worldwide.

For more information, please visit www.slm-solutions.com.

About Divergent Technologies

Divergent harnesses additive manufacturing to unleash innovation in automotive manufacturing. Our breakthrough technology platform transforms the economics and environmental impact of designing and manufacturing complex structures such as cars. Divergent’s planet-saving manufacturing approach can be used for volume manufacturing without costly, traditional tooling and capital expenses, enabling manufacturers to quickly iterate and invent new vehicle models for competitive advantage.

For more information, please visit www.divergent3d.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191118005855/en/

CONTACT: Media ContactsDivergent Technologies

Name:Michael Kenworthy

Phone:+1(424) 527- 4563

Email:mkenworthy@divergent3d.comSLM Solutions

Name: Kristal Kilgore

Phone: +49 451 4060 3000

Email: press@slm-solutions.com

KEYWORD: GERMANY EUROPE

INDUSTRY KEYWORD: ENGINEERING AUTOMOTIVE MANUFACTURING AEROSPACE MANUFACTURING

SOURCE: Divergent Technologies

Copyright Business Wire 2019.

PUB: 11/18/2019 04:30 PM/DISC: 11/18/2019 04:30 PM

http://www.businesswire.com/news/home/20191118005855/en