Freemelt (FREEM) Investor Update summary

Strategic focus and business development

• Emphasizes a differentiated approach in additive manufacturing (AM) with open-source and modular machine design, targeting serial production and reduced cycle times.

• Focuses on three core verticals: defense, energy (especially fusion), and medtech, all experiencing structural growth driven by geopolitical and demographic trends.

• Achieved record order intake and invoicing in 2025, with 12 machines sold year-to-date and 40 machines installed globally.

• Outsourced assembly to Scanfil for a more agile supply chain and established a technical advisory board to align with industry needs.

• Entered the Chinese market, citing high AM adoption rates and strategic alignment with China’s fusion and medtech ambitions.

Fusion energy and technology advancements

• Fusion energy is entering a new era, with significant private and public investment and rapid growth in the number of fusion companies globally.

• Key breakthroughs include divertor technology, high-temperature superconducting magnets, and AI-driven plasma management.

• Additive manufacturing, especially with tungsten, is critical for plasma-facing components in fusion reactors, offering improved heat resistance and lower tritium retention.

• Freemelt’s AM tungsten components demonstrated about 30% less tritium fuel retention, a potential game-changer for fusion economics.

• Ongoing projects with Fusion for Energy and other partners are progressing, with AM enabling complex geometries and high-performance materials.

Medtech and industrial applications

• Orthopedic implant market is rapidly adopting AM, with expectations that 20% of implants will be AM-produced by 2032.

• Proof-of-concept with a major implant OEM could drive demand for over 100 machines in a positive scenario, based on new applications and future growth.

• AM’s competitiveness in large-scale production hinges on reducing cycle times, integrating into production lines, and lowering powder costs.

• Dual sourcing strategies are in place for key components to ensure supply chain resilience.