The Velo3D Solution Will Support Kratos’s
Effort to Transform its Supply Chains by Enabling the High-speed,
Low-cost Production of Metal Parts
Velo3D, Inc. (NYSE: VLD), a leading metal additive manufacturing
technology company for mission-critical parts, today announced
Kratos SRE, Inc., a subsidiary of Kratos Defense & Security
Solutions, Inc. (NASDAQ:KTOS), has acquired a Velo3D Sapphire
printer to support Kratos’s technology development and ability to
rapidly, reliably, and affordability address defense industry
customers’ evolving requirements. The Velo3D state-of-the-art metal
additive manufacturing solution will be operated by Kratos SRE in
its expanding rapid prototyping and manufacturing center, where it
will be used to accelerate the vertical integration of critical
supply chains in certain areas of the broader Kratos
organization.
“It’s important to our team to leverage new, advanced
manufacturing technologies so we can maintain our leadership in the
defense industry and better serve our customers,” said Michael
Johns, Kratos SRE Senior Vice President. “With Velo3D’s solution,
we expect to be able to further unlock high-speed manufacturing
capabilities that reduce lead times and lower costs of the parts we
develop. In addition, it will allow us to rapidly innovate and
accelerate design cycles for parts used in existing platforms.”
Kratos SRE has been a long-time user of Velo3D’s metal additive
manufacturing solution, leveraging the technology through the
Velo3D Contract Manufacturer Network. Kratos SRE focuses on
designing and building parts, systems, and structures for extreme
environments. It also oversees the Characterization of Additive
Manufactured Metals (CAMM) program, which analyzes additive
materials to understand process variation in specimens and tests
designs ahead of high-volume production. Data gathered through CAMM
is aggregated into a materials database of key process variations,
which is used to better understand the properties of additively
manufactured parts and identify new use cases for the
technology.
“Forward-thinking defense companies like Kratos are increasingly
adopting additive manufacturing technology because it can enable
continuous design improvements and unlock highly scalable
production to meet fluctuating demands,” said Brad Kreger, Velo3D
CEO and EVP of Operations. “The beauty of our solution is that
companies can begin by leveraging the Velo3D Contract Manufacturer
Network and then purchase their own printer as their demand for
parts increases. Once their needs exceed the throughput capability
of a single machine, it’s simple to scale production to other
printers, including our large format Sapphire XC.”
As a U.S.-based additive manufacturing technology provider,
Velo3D’s fully integrated solution is widely used by American
defense companies that provide parts to branches of the U.S.
Department of Defense (DoD). All Velo3D printers are designed and
built in America and recently achieved the highest level of
security compliance the DoD offers—Green-level Security Technical
Implementation Guide (STIG) compliance. The certification enables
Velo3D printers to connect to the DoD’s Secret Internet Protocol
Router Network (SIPRNet), making it easier for organizations and
companies to acquire the printers for use in DoD-related
projects.
Velo3D and Kratos SRE will be attending the Military Additive
Manufacturing Summit & Technology Showcase in Tampa, Florida on
January 16-17, 2024. Velo3D will be giving a presentation on
“Solving DIB Supply Chain Logistics with Distributed Additive
Manufacturing” the first day of the conference at 3:05 p.m. on the
main stage. Event attendees can stop by the Velo3D booth, #101, to
meet the Kratos SRE and Velo3D teams, learn more about Velo3D’s
fully integrated metal additive manufacturing solution, and see and
handle 3D printed parts.
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, Aerojet Rocketdyne, Lockheed Martin, Avio, and General
Motors. 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 goals for 2023 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/20240116080121/en/
Media Contact: Dan Sorensen, Senior Director of Public
Relations press@velo3d.com
Investor Relations: Bob Okunski, VP Investor Relations
investors@velo3d.com
Velo3D (NYSE:VLD)
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Velo3D (NYSE:VLD)
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