PTA-News: SLM Solutions Group AG: Major European Automotive OEM Purchases Two Additional SLM Solutions Systems
The Automotive OEM now has an install base of more than ten in its additive entourage.

7/6, 2:00 PM (Source: pressetext)
Lübeck, Germany (pta030/06.07.2022/14:00) - July 6, 2022. SLM Solutions Group AG ("SLM Solutions," "SLM" or the "Company") today announces the sale of two more SLM® systems to a major European automotive brand.

Business news for the stock market

Lübeck, Germany (pta030/06.07.2022/14:00) - July 6, 2022. SLM Solutions Group AG ("SLM Solutions," "SLM" or the "Company") today announces the sale of two more SLM® systems to a major European automotive brand.

The brand's fleet now consists of more than ten SLM Solutions systems. It is composed of several SLM®500s as well as SLM®280s. The latest purchases are a nod to the productivity the company gains from the systems and further, solidify the trust between the two companies.

The OEM uses its fleet to produce various metal parts for vehicle production. They are used for multiple activities with the focus being serial production. The global automotive market is expected to grow steadily over the next decade, reaching a volume of around 123 million units in 2030 with the majority of it driven by the shift to electric vehicles which in turn will further accelerate the adoption of additive manufacturing which allows, besides others, lighter builds required by heavy battery packs and better thermal management to extend the lifetime of batteries. According to the AMPOWER Report 2022, metal AM system sales to the auto sector amounted to 76 M Euros in 2021 and is expected to more than quadruple to 308 M Euros by 2026. SLM Solutions' customers are able to meet these demands by deploying a fleet of SLM®500s. Between 2020 and 2021, SLM Solutions sold twice as many SLM®500s reaching an install base of around 150 machines globally printing the most complex applications in automotive.

"This latest sale is a testament to the quality of our systems and our commitment to making our partners realise their visions,'' comments SLM Solutions CEO, Sam O'Leary. "The productivity and reliability of our systems and the innovation and support of our team make us the go-to with the world's leading automotive OEMs. These are long-lasting relationships forged from trust and close collaboration as much as they are from metal and lasers."

SLM Solutions is known as the market leader for many commercial firsts with a focus on increasing productivity with relentless innovation in multi-laser technology. The first quad-laser metal system on the market, the SLM®500 can integrate lasers independently or in parallel to increase build rates by 90% over twin laser configurations. Machine operator and powder are separated through a closed-loop powder handling strategy with an automated powder sieve and supply. Designed for serial production, the exchangeable build cylinder enables the shortest possible fire to fire times, reducing downtimes of the machine to a minimum. The SLM®500 is the best performing, most efficient system in its class.

About SLM Solutions
SLM Solutions is an integrated solutions provider and metal additive manufacturing partner. The company is vested in customers' long-term success with metal additive manufacturing. Robust Selective Laser Melting machines optimise fast, reliable, and cost-efficient part production and SLM Solutions' experts work with customers at each stage of the process to provide the support that elevates the use of the technology and ensures their return on investment is maximised. A publicly traded company, SLM Solutions Group AG is headquartered in Germany, with offices in Canada, China, France, India, Italy, Japan, Singapore, South Korea, and the United States. For more info go to:www.slm-solutions.com ( http://www.slm-solutions.com/)

(end)

emitter: SLM Solutions Group AG
address: Estlandring 4, 23560 Lübeck
country: Germany
contact person: Jacob Sreekumaran
phone: +49 451 4060 3122
e-mail: ir@slm-solutions.com
website: www.slm-solutions.com

ISIN(s): DE000A111338 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf, free market in Hannover; open market in Berlin, Tradegate

[ source: https://www.pressetext.com/news/20220706030 ]