The Fully Integrated 3D Printing Solution Will
Be Operated by ATI in a Newly Established Facility That Will
Provide the U.S. Naval Nuclear Propulsion Program With Alternatives
To Cast Parts
Velo3D, Inc. (NYSE: VLD), today announced Bechtel Plant
Machinery Inc. (BPMI) has selected a fully integrated metal
additive manufacturing solution from the company to produce parts
for the U.S. Naval Nuclear Propulsion Program. The Sapphire XC
large format printer, calibrated for stainless steel 415, will be
operated by ATI (NYSE: ATI) at its new additive manufacturing
facility outside Fort Lauderdale, Florida. Earlier this year, BPMI
awarded a contract to ATI to support development of highly
engineered part solutions for advanced manufacturing methods
including metal additive manufacturing. The partners will use the
printer to produce parts previously produced through casting,
reducing lead times for mission critical parts, and streamlining
their supply chain.
Velo3D’s technology was developed in the United States and
includes a fully integrated software and hardware solution. The
company is headquartered in the United States, including its
research and development, customer support, and manufacturing
operations. Conventional 3D printers often struggle to produce
parts with overhanging features beyond 45 degrees without support
structures, however Velo3D’s proprietary technology offers the
ability to produce parts with a wide variety of geometries with
few-to-no supports. This has allowed the company to address
applications that other 3D printing technologies cannot. In
addition to using this technology to 3D print parts that are
traditionally cast, Velo3D’s technology also enables more
innovative designs to replace components currently in use.
Furthermore, this capability can be scaled to additional machines
across multiple locations and operators.
“BPMI and ATI’s progressive approach to 3D printing is extremely
forward-thinking and this new, revolutionary facility will
significantly augment the U.S. Navy’s supply chain for maintenance,
repair, and operations,” said Brad Kreger, CEO at Velo3D. “Both
companies are early adopters of metal 3D printing and innovators in
the manufacturing industry. We look forward to working with them as
they support the U.S. Navy’s fleet, including its aging
vessels.”
The U.S. Navy currently operates approximately 300 vessels, many
of which were commissioned decades ago. They, along with the
broader U.S. Department of Defense, have actively incorporated
additive manufacturing, acknowledging its efficiency in supporting
its aging equipment, enhancing warfighter readiness, and reducing
replacement part lead-times. Additive manufacturing accomplishes
this by enabling distributed supply chains and digital inventories
where manufacturers can produce parts within spec across any
similar printer calibrated for the same metal alloy. ATI’s new
secure facility, along with Velo3D’s fully integrated solution, are
significant steps forward in advancing the Navy's maintenance and
operational capabilities.
“Printers with larger build volumes and the ability to print
with less support structures are ideal for U.S. Naval Nuclear
Propulsion Program applications,” said Nathan Weiderspahn, BPMI
Executive Manager, Industrial Base Management. “This additive
manufacturing technology will greatly support our efforts in
delivering new technology to the U.S. Navy and helping maintain its
fleet of ships.”
“ATI will be able to more easily additively produce complex
parts with fewer support structures, at lower angles, and larger
sizes than ever before,” said Joe Thompson, General Manager of ATI
Additive Manufacturing Products. “This enables us to broaden the
scope of possible part designs for our defense and aerospace
customers, enabling higher performance and better quality. The
business opportunity represented by these previously unproduceable
part designs is significant.”
BPMI’s new Sapphire XC printer is the first such printer from
Velo3D calibrated for stainless steel 415, an alloy of iron,
chromium, and nickel that provides good tensile strength and
corrosion resistance at a range of temperatures.
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 SpaceX, Honeywell, Honda, Chromalloy, and Lam Research. Velo3D
has been named as one of Fast Company’s Most Innovative Companies
for 2023. For more information, please visit Velo3D.com, or follow
the company on LinkedIn or Twitter.
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, the
Company’s expectations regarding its growth 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 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. Without Compromise, Flow and Assure, are
trademarks of Velo3D, Inc.
All Rights Reserved © Velo3D, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20240307182242/en/
Media Contact: Dan Sorensen, Senior Director
of Public Relations press@velo3d.com
Investor Relations: Bob Okunski, VP Investor
Relations investors@velo3d.com
Grafico Azioni Velo3D (NYSE:VLD)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Velo3D (NYSE:VLD)
Storico
Da Gen 2024 a Gen 2025
