Velo3D Partners with U.S. Army for 3D Printing Solutions
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"We are excited for this collaboration between GVSC and Velo3D to identify solutions that will rapidly improve the resilience to the Army's combat vehicle supply chain. The combination of GVSC's expertise and long history of advancing vehicle technology for the US. Army, with Velo3D's proven capabilities as an industry leader in advanced additive manufacturing is sure to deliver the solutions the warfighter needs," said Mr.
The CRADA leverages Velo3D's Rapid Production Solution (RPS) to quickly prototype alternatives to traditional subtractive manufacturing methods. Additionally, the agreement includes collaboration to explore several Velo3D qualified alloys for use in Velo3D's Sapphire® family of printers – including large-format needs. Velo3D's RPS leverages its systems, expertise, and surge capacity solutions to enable scalable production of mission-critical parts that would significantly enable the Army's efforts to reduce supply chain challenges.
"Velo3D is proud to be the first
All Velo3D Sapphire® printers are assembled in
Velo3D's systems meet DoD cybersecurity standards and can connect securely to military networks, ensuring integrity and security for critical manufacturing operations.
This partnership represents Velo 3D's efforts to support the U.S. Army's maintenance modernization and reduce repair delays that impact the Army's combat vehicle fleet readiness.
About the U.S. Army DEVCOM Ground Vehicle System Center:
The U.S. Army Combat Capabilities Development Command (DEVCOM) Ground Vehicle Systems Center (GVSC), based at the
DISTRIBUTION STATEMENT A. Approved for public release; distribution is unlimited.
OPSEC #10190
About Velo3D:
Velo3D is a metal 3D printing technology company. 3D printing—also known as additive manufacturing (AM)—has a unique ability to improve the way high-value metal parts are built. However, legacy metal AM has been greatly limited in its capabilities since its invention almost 30 years ago. This has prevented the technology from being used to create the most valuable and impactful parts, restricting its use to specific niches where the limitations were acceptable.
Velo3D has overcome these limitations so engineers can design and print the parts they want. The company's solution unlocks a wide breadth of design freedom and enables customers in space exploration, aviation, power generation, energy, and semiconductor to innovate the future in their respective industries. Using Velo3D, these customers can now build mission-critical metal parts that were previously impossible to manufacture. The fully integrated solution includes the Flow print preparation software, the Sapphire® family of printers, and the Assure quality control system—all of which are powered by Velo3D's Intelligent Fusion® manufacturing process. The company delivered its first Sapphire system in 2018 and has been a strategic partner to innovators such as Honeywell, Honda, Chromalloy, and Lam Research. Velo3D has been named as one of Fast Company's Most Innovative Companies for 2024. For more information, please visit Velo3D.com, or follow the company on LinkedIn or X.
Forward-Looking Statements:
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1996. The Company's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect", "estimate", "project", "budget", "forecast", "anticipate", "intend", "plan", "may", "will", "could", "should", "believes", "predicts", "potential", "continue", and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding the timing, size and expected gross proceeds of the offering, the satisfaction of customary closing conditions related to the offering and sale of securities, the Company's ability to complete the offering, the timing of the Cash Payment and the Company's other expectations, hopes, beliefs, intentions, or strategies for the future.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the
DISTRIBUTION STATEMENT A. Approved for public release; distribution is
unlimited. OPSEC #10190
Company's control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
VELO, VELO3D, SAPPHIRE and INTELLIGENT FUSION, are registered trademarks of Velo3D, Inc.;
and WITHOUT COMPROMISE, FLOW and ASSURE are trademarks of Velo3D, Inc. © Velo3D, Inc.
© Velo3D, Inc.
DISTRIBUTION STATEMENT A. Approved for public release; distribution is unlimited.
OPSEC # (Pending, NOT approved for release).
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SOURCE Velo3D, Inc.
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