Freemelt (FREEM) ABGSC Investor Days summary

Company overview and strategy

• Founded in 2017 by engineers with deep industry experience, aiming for leadership in metal 3D printing by 2030.

• Focuses on complex materials and demanding applications in defense, med tech, and energy, leveraging a modular system.

• Transitioning from academic/research customers to industrial clients, with 29 machines sold since 2019.

• Board and leadership strengthened with technical and commercial expertise, including industry veterans.

• Debt-free, with over SEK 200 million invested in technology and organizational readiness for scaling.

Technology and product differentiation

• Uses electron beam powder bed fusion in a vacuum chamber, enabling high-purity production, especially for copper.

• Modular system allows preparation and post-processing outside the machine, increasing productivity and reducing costs.

• Active cooling system further reduces downtime, enhancing machine availability.

• Focuses on copper, tungsten, and titanium, each chosen for unique value in target industries.

• Only provider able to produce fully dense, crack-free tungsten parts at required productivity and quality.

Market focus and customer engagement

• High demand in defense (notably for tungsten and copper), energy (fusion reactors), and med tech (implants).

• Signed contracts with two major implant OEMs; both are experienced in additive manufacturing and are in proof of concept phases.

• Over 20 ongoing industrial engagements, up from three in 2023, indicating strong momentum.

• U.S. market driven by coordinated programs and qualification through universities/national labs; Europe is more sector-driven.

• Aftermarket and recurring revenue expected to grow as industrial adoption increases.