Business news for the stock market

SLM Solutions Group AG: First two NXG XII 600 production systems completed

Lübeck, Germany (pta027/12.07.2022/14:20 UTC+2)

July 12, 2022. SLM Solutions Group AG ("SLM Solutions", "SLM" or the "Company") announces the completion of the first two NXG XII 600 production systems during the second quarter of 2022. Following the successful roll-out of the NXG XII 600 with orders from a wide array of industries the Company has begun deliveries of these initial orders and expects the pace of deliveries to accelerate during the second half of 2022.

The first two systems of these initial orders are ready to be delivered to Divergent Technologies, resulting in an install base of 16 SLM® systems including five NXG XII 600 systems. Divergent Technologies' state-of-the-art Divergent Adaptive Production System (DAPS®) enables the production of complex and automatically assembled structures and will be utilized by global automotive OEM's. Its fleet of NXG XII 600 systems is a vital component of its planet-saving approach to manufacturing and is a significant step-up in terms of productivity, which enables Divergent Technologies to achieve volume manufacturing without costly, traditional tooling and capital expenses.

Sam O'Leary, CEO of SLM Solutions said, "The fact that we successfully completed the first two NXG XII 600 production systems in the first half of 2022, despite the ongoing supply challenges is a testament to the grit and tireless efforts of a host of teams that come together to deliver the future. The first two NXG XII 600 production systems will be delivered to Divergent Technologies, a company that we are proud to partner with, as they continue to disrupt the auto manufacturing industry. As I've said before, the future is additive, and it is here."

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 optimize 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 maximized. 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 contact:

This release contains statements on the future development of SLM Solutions. These forward-looking statements are based on the current expectations, presumptions, and forecasts of the Management Board as well as the information available to it to date and have been prepared to the best of its knowledge and belief. No guarantee or liability for the occurrence of the future developments and results specified can be assumed in respect of such forward-looking statements. Rather, the future developments and results are dependent on a number of factors. They entail risks and uncertainties beyond the Company's control and are based on assumptions which could prove to be incorrect. Notwithstanding any legal requirements to adjust forecasts, SLM Solutions does not assume any obligation to update the forward-looking statements contained in this release.


Emitter: SLM Solutions Group AG
Estlandring 4
23560 Lübeck
Contact Person: Jacob Sreekumaran
Phone: +49 451 4060 3122
ISIN(s): DE000A111338 (Share)
Stock Exchange(s): Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Munich, Stuttgart, Tradegate