Velo3D Partners with U.S. Navy to Bolster Maritime Industrial Base Through Advanced 3D Printing of Critical Ship Components
Rhea-AI Summary
Velo3D (NASDAQ:VELO) has secured a $6 million contract with the U.S. Navy to develop and qualify copper nickel alloy (CuNi) for its Sapphire line of 3D printers. The partnership aims to accelerate ship repairs and enhance the maritime industrial base through advanced manufacturing capabilities.
The agreement includes qualifying CuNi for use in Velo3D's large-format Sapphire XC printer, which can produce parts up to 600mm in diameter and 550mm in height. The company's Rapid Production Solution (RPS) will enable faster production of mission-critical parts compared to traditional casting methods, improving shipbuilding schedules and supply chain resilience.
The qualification process will be conducted at Velo3D's U.S.-based facility in Fremont, California, in collaboration with a domestic metal powder supplier, ensuring supply chain independence for the Navy.
Positive
- Secured $6M contract with U.S. Navy for CuNi alloy development
- First U.S.-based OEM to develop CuNi for domestic LPBF systems
- Partnership with domestic powder supplier ensures supply chain independence
- Systems meet DoD cybersecurity standards for military network integration
Negative
- None.
News Market Reaction – VELO
In the Aug 21 session, VELO gained 5.70%, reflecting a notable positive market reaction. Argus tracked a peak move of +46.7% during that session. Argus tracked a trough of -2.3% from its starting point during tracking. Our momentum scanner triggered 37 alerts that day, indicating elevated trading interest and price volatility. Trading volume was exceptionally heavy at 13.0x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
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The two agreements include purchase of Velo3D's large-format Sapphire XC printer and establishing a service agreement in support of key research and development, qualification, and part fabrication efforts
CuNi is leveraged in naval applications due to its exceptional seawater corrosion resistance. However, traditional casting of CuNi presents significant manufacturing challenges, often requiring extensive rework, increasing total costs and lead times. Velo3D's Rapid Production Solution (RPS) can develop and produce these parts in less time than traditional casting sourcing and can be used to improve shipbuilding schedules and supply chain resiliency.
Velo3D's RPS leverages its systems, expertise, and surge capacity solutions to enable scalable production of mission-critical parts that support
"Velo3D is proud to be the first
The CuNi qualification process is being performed by Velo3D's
All 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 ship maintenance modernization and reduce repair delays that impact fleet readiness.
About the Maritime Industrial Base Program:
The Navy's Maritime Industrial Base Program was established to develop, implement, and execute a plan to stabilize, enhance, and grow the maritime industrial base by addressing the wide range of challenges to industrial base capacity, capability, and workforce. For more information, visit https://www.secnav.navy.mil/rda/mib/Pages/default.aspx
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 was 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.
VELO, VELO3D, SAPPHIRE and INTELLIGENT FUSION, are registered trademarks of Velo3D, Inc.; and WITHOUT COMPROMISE, FLOW, FLOW DEVELOPER, and ASSURE are trademarks of Velo3D, Inc. All Rights Reserved © Velo3D, Inc.
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SOURCE Velo3D, Inc.