Velo3D Partners with U.S. Army to Enhance Additive Manufacturing Capabilities
Velo3D, Inc. (NASDAQ: VELO), a prominent player in the additive manufacturing sector, has announced a strategic partnership with the U.S. Army’s DEVCOM Ground Vehicle Systems Center (GVSC). This collaboration aims to quickly develop and qualify complex additively manufactured parts to tackle urgent challenges within military supply chains. The agreement is expected to bolster the readiness and efficiency of ground combat vehicles and related military systems.
Details of the Cooperative Research & Development Agreement
The newly established Cooperative Research & Development Agreement (CRADA) will leverage Velo3D's Rapid Production Solution (RPS) to efficiently produce alternatives to conventional subtractive manufacturing processes. The intention is to create several prototype additive manufacturing (AM) parts that, upon successful qualification, will be integrated into the supply chain of the U.S. Army.
Mr. Brandon Pender, Associate Director of GVSC Materials Engineering, expressed optimism about the collaboration, stating, “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.”
Significance of Velo3D’s Technology in Military Applications
Velo3D's RPS incorporates advanced technology and enhances the Army's capabilities to produce mission-critical parts. This initiative will help minimize supply chain disruptions and deliver faster solutions to emergent military needs.
“Velo3D is proud to be the first U.S.-based industrial-scale OEM with domestically developed Laser Powder-Bed Fusion additive manufacturing technologies,” commented Dr. Arun Jeldi, CEO of Velo3D. “Through our Rapid Production Solution, we are helping provide faster part delivery, enhanced reliability, and the surge capacity needed to meet evolving defense demands.”
Advanced Manufacturing Capabilities of Velo3D
- Velo3D Sapphire® printers can produce parts up to 600mm in diameter and 1 meter in height.
- The technology allows for a range of applications, promoting faster production of larger components.
- Systems meet DoD cybersecurity standards, ensuring secure connections to military networks.
This partnership represents a critical step towards supporting the U.S. Army's modernization efforts and improving combat vehicle fleet readiness by reducing repair delays.
About the U.S. Army DEVCOM Ground Vehicle Systems Center
The U.S. Army Combat Capabilities Development Command (DEVCOM) Ground Vehicle Systems Center (GVSC) is the Army's primary research and development entity focused on enhancing ground vehicle technology. Based in Michigan, GVSC integrates innovative capabilities to improve defense readiness and develop next-generation vehicle solutions.
For more information about GVSC’s mission and projects, visit their official website.
About Velo3D
Founded to revolutionize metal 3D printing, Velo3D provides cutting-edge additive manufacturing solutions that enable the production of high-value metal parts. The company’s offerings include the Flow print preparation software, Sapphire® family of printers, and Assure quality control systems, all supported by their Intelligent Fusion® manufacturing process.
Since launching its first Sapphire system in 2018, Velo3D has emerged as a vital partner for various industries, including aviation, energy, and space exploration, garnering recognition as one of Fast Company's Most Innovative Companies for 2024.
Forward-Looking Statements
This release may contain forward-looking statements regarding Velo3D’s business operations and anticipated outcomes. Actual results may differ due to various factors, and investors are encouraged to review the company’s filings with the SEC for a comprehensive understanding of potential risks.