Here is a thread with everything you need to know about $TRNE + @DesktopMetal

- The only public play on additive "2.0" manufacturing
- Ticker will change to $DM upon combination
- $575M total proceeds: $300M cash + $275M PIPE investments
- Pro-forma equity value of $2.5B

Additive manufacturing (AM) is building 3D objects by layering materials. For simplicity, just think of it as 3D printing.

AM “1.0” has been traditionally used for prototyping.

@DesktopMetal AM "2.0" will focus on shifting towards mass-manufacturing of end-use unibody parts.

Competitive Advantages

- 100x speed of legacy tech
- 120+ patents issued & pending
- Powder metallurgy: near-zero waste & higher reusability
- Digital inventory = less physical burden
- Aerospace composites: stronger than steel, lighter than aluminum, withstands temp. of 250ºC

Market

- AM market estimated to 11x to $146B this decade
- Distribution in 60+ countries
- Growing adoption of AM: 5% in 2016, 18% in 2019, 46% estimated by 2022
- +200% projected CAGR over next 5 yrs
- AM already showing benefits in aerospace, medical, & transport industries

CEO @DesktopMetal is @RicFulop

- MBA from MIT (Sloan Fellow)
- Former GP at North Bridge ($3B VC Fund)
- Founded A123 Systems ($500M revenue)
- Angel investor/board member for Dyn (Acquired by $ORCL for $600M)
- Series A investor in SolidWorks & ProtoLabs (3D printing pioneers)

Chairman of $TRNE is @LeoHindery

- MP at InterMedia ($1B in assets)
- Member of Council of Foreign Relations

Former roles

- CEO of TCI (sold to AT&T for $52B)
- AT&T Broadband CEO
- Economic policy advisor to Obama & John Edwards
- CEO of YES Network (TV home of Yankees)

Here @elonmusk mentions that AM is currently too expensive for autos, but that SpaceX is both using it & innovating it.

AM "2.0" will solve these issues.

Note that 3D printing is also one of the pillars of @ARKInvest disruptive innovation strategy. https://twitter.com/elonmusk/status/1314331641314242562?s=20

Strategic investments by @Ford $F & @BMW legitimize potential applications of AM "2.0" for unibody parts in OEM applications.

Reducing assembly lines to 3D printers will save such CapEx intensive companies billions.

Other strategic investors include @chamath & @MillerValue

If you're in $TRNE + @DesktopMetal, hopefully this thread emboldened your resolve. If you are not, I hope it at least moves you to take a second look.

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