Carbon Announces Strategic Updates to Its Board of Directors, Names New Chief Financial Officer

Carbon Strengthens Corporate Governance with Appointment of Ellen J. Kullman as Lead Independent Director, Appointment of Deborah M. Messemer to Its Board of Directors, and Promotion of Elisa de Martel to CFO

Carbon (www.carbon3d.com), a Silicon Valley-based digital manufacturing company, today announced that Ellen J. Kullman has been appointed as the Lead Independent Director of its Board of Directors. Ellen, the former Chair and CEO of DuPont, officially joined Carbon's Board in April 2016.

In addition, Carbon also announced today the appointment of Deborah M. Messemer to its Board of Directors and the promotion of Elisa de Martel to Chief Financial Officer. Debbie, a recognized business leader who brings deep financial, operational, and market development experience that spans across multiple industries, will chair Carbon's newly formed Audit Committee.

"These strategic updates to Carbon's Board and executive team strengthen our corporate governance and are in line with our maturing as a company," said Dr. Joseph DeSimone, Carbon's CEO and Co-founder. "Ellen, Debbie and Elisa are extraordinary executives with histories of strong leadership and business acumen, and the deep experience each of them brings is invaluable to the continued growth and success for Carbon."

"It has been an honor to serve on Carbon's Board of Directors, and I am very much looking forward to continuing to work with this dynamic, deeply invested team as we embark on Carbon's next chapter," said Ellen Kullman. "With its powerful fusion of hardware subscriptions, cloud-based software updates, and ongoing resin sales, Carbon's ground-breaking Hybrid-SaaS business model is a powerful new entry in the connected-products business world. Hybrid SaaS combines the long-term revenue predictability of SaaS with the greatly accelerated growth potential enabled by large-scale manufacturing systems, giving Carbon the opportunity to scale at unprecedented speed."

"I am very excited to join the Carbon Board, and look forward to contributing to the company's growth and market leadership across a vast array of industry sectors," said Debbie Messemer. "The era of digital manufacturing is here, delivering digital design and fabrication, QA/QC and end-to-end, data-centric production solutions. Carbon is uniquely poised to be one of the most significant manufacturing innovators of our day."

"Carbon is disrupting the manufacturing industry with a connected, software-first, digital solution," Elisa de Martel said. "I am delighted to be part of this team, and look forward to contributing to Carbon's continued growth as we expand our ecosystem and deliver on our deep commitment to enabling our customers to move to mass digital and sustainable production at scale."

Bio for Ellen Kullman

Ellen Kullman served as chair of the board of directors and chief executive officer of DuPont from January 2009 to October 2015. During her seven years as CEO at DuPont, she decisively positioned the company for its next generation of growth and championed the power of DuPont science and market knowledge to change industries. While guiding the company through the global financial crisis of 2008, she developed a plan to transform DuPont by moving out of commoditized businesses and establishing it as a premier, market-driven science company. She was named CEO at the beginning of 2009 and board chair later that year, becoming the 19^th executive to lead DuPont since its founding in 1802. Currently she co-chairs Paradigm for Parity – a coalition of business leaders dedicated to addressing the corporate leadership gender gap.

In addition to Carbon, Ellen is a member of the boards of directors of United Technologies Corporation, Dell Technologies, Amgen, and Goldman Sachs. She is also a member of the National Academy of Engineering. She serves on the board of trustees of Northwestern University and the board of overseers of Tufts School of Engineering. Ellen holds a B.S. in Mechanical Engineering from Tufts University and an M.S. in Management from Kellogg School of Management of Northwestern University.

Bio for Deborah M. Messemer

Debbie Messemer served as the Managing Partner of KPMG's Bay Area and Northwest region until her retirement in September of 2018, leading more than 3,000 team members in 10 offices across all functions, including audit, tax and advisory. In addition to her leadership responsibilities, Debbie spent a large portion of her career as an audit engagement partner serving public and private company clients in a variety of industry sectors. She has deep experience in SEC filings, due diligence, initial public offerings, mergers and acquisitions, and internal controls over financial reporting.

Debbie was honored as the Financial Woman of the Year by the Financial Women of San Francisco (FWSF) in 2016, and for more than seven years was consistently named as one of the Bay Area's Most Influential Women in Business by the San Francisco Business Times.

In addition to serving on Carbon's board, Debbie also sits on the board of directors of Allogene Therapeutics ALLO. She has served extensively on a number of non-profit and advisory boards, including the Bay Area Council, the San Francisco Committee on Jobs, the California Chamber of Commerce, the San Francisco Chamber of Commerce, the UC Berkeley Fisher Center Policy Advisory Board, San Francisco Ballet, and Posse. She is a member of the National Association of Corporate Directors (NACD) and the San Francisco Chapter of Women Corporate Directors (WCD). Debbie holds a Bachelor's Degree in Accounting from the University of Texas at Arlington.

Bio for Elisa de Martel

Elisa de Martel joined Carbon in February 2018 as Vice President of Finance, responsible for Carbon's overall financial activities and global finance organization, including accounting and controllership, financial planning and analysis (FP&A), reporting, tax, treasury and investor relations. She brings extensive experience in managing global financial planning analytics and operations for manufacturing and technology companies.

Elisa was with Apple Inc. for 11 years, where she served in a variety of financial roles and most recently, was the Director of Manufacturing Finance. Prior to her tenure with Apple Inc., she was a finance manager with Citroen UK and a supervisor at PricewaterhouseCoopers. Elisa earned a Master's degree in Political Economy from the University of Essex, and a Master's degree in Business Administration from the EDHEC Business School.

To learn more about Carbon's Board of Directors and Executive team, visit https://www.carbon3d.com/about/.

About Carbon

Carbon is a Silicon Valley-based company working at the intersection of hardware, software, and molecular science to deliver on the promise of digital 3D Manufacturing. The company empowers its customers and partners to evolve beyond using 3D printing for basic prototyping to producing at scale by revolutionizing how they design, engineer, make, and deliver their products. With Carbon's Digital Light Synthesis™ technology and its SpeedCell™ system (M Series printers and Smart Part Washer), manufacturers can unlock new business opportunities such as mass customization, on-demand inventory, and differentiated products made with unique functional materials. Carbon's solutions also provide substantial operational efficiencies, such as the elimination of tooling costs and decreased time to market. To learn more, visit www.carbon3d.com.

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