Velo3D Joins GIDEP, Adding a Quality and Supply-Chain Resource for Defense Programs
Velo3D adds GIDEP membership to enhance information sharing and risk management for its mission-critical U.S. defense manufacturing activities.
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Rhea-AI Summary
Velo3D (VELO) has joined the Government-Industry Data Exchange Program (GIDEP), adding an information-sharing resource to support its defense manufacturing activities.
GIDEP provides access to technical, quality, reliability and supply-chain data shared between U.S. government and industry. Velo3D expects this to complement its existing quality and risk-management processes for mission-critical metal additive manufacturing, including its Sapphire systems and Rapid Production Solutions used in defense programs.
Details
News Market Reaction – VELO
On Sep 17, the day this news came out, VELO closed 7.41% above the previous close. Argus tracked a peak move of +7.9% during that session. Our momentum scanner recorded 39 alerts for this stock that day. That session’s volume was 1.6x the stock’s average daily volume.
Data tracked by StockTitan Argus for the Sep 17 session.
Key Terms
additive manufacturing technical
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Advancing Trust in Mission-Critical Manufacturing
GIDEP is a cooperative information-sharing program between the
"Trust and reliability are essential when producing parts for mission-critical defense applications," said Arun Jeldi, CEO of Velo3D. "GIDEP gives Velo3D access to critical information shared across government and industry, complementing the quality and risk-management processes that support our defense manufacturing activities."
Velo3D supports
About Velo3D
Velo3D is a metal 3D printing technology company that enables customers to build mission-critical metal parts. The fully integrated solution includes the Flow™ print preparation software, the Sapphire® family of printers and the Assure™ quality control system — all powered by Velo3D's Intelligent Fusion® manufacturing process. Learn more at velo3d.com.
Velo, Velo3D, Sapphire and Intelligent Fusion are registered trademarks of Velo3D, Inc. Flow and Assure are trademarks of Velo3D, Inc.
Forward-Looking Statements
This release contains forward-looking statements under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about the anticipated benefits of Velo3D's participation in GIDEP. Actual results could differ materially because of, among other things, Velo3D's ability to realize any benefit from participation, its ability to satisfy the program's participation requirements, and demand from defense customers, together with the factors described under "Risk Factors" in Velo3D's most recent Form 10-K and subsequent Form 10-Qs filed with the SEC. These statements speak only as of today's date, and Velo3D undertakes no obligation to update them except as required by law.
Investor Relations:
Hayden IR
James Carbonara
james@haydenir.com
Media Contact:
Velo3D
press@velo3d.com
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SOURCE Velo3D, Inc.