#United States #Fremont, California #Additive Manufacturing #Velo3D #Momentus

Velo3D Enters $15 Million Agreement with Momentus

Velo3D, Inc., a frontrunner in the field of additive manufacturing (AM), recently announced a master services agreement (MSA) valued at $15 million with Momentus, Inc. This five-year agreement is designed to capitalize on Velo3D's new Rapid Production Solutions (RPS) offering, facilitating a strategic partnership aimed at enhancing operational efficiencies in aerospace and defense sectors.

Enhancing Production Capabilities

Arun Jeldi, the CEO of Velo3D, remarked on the significance of this partnership, stating, "We are constantly seeking opportunities to drive growth and deliver value, and this deal with Momentus marks a great step in that direction." The collaboration is set to enable both companies to accelerate the delivery of critical projects that cater to the evolving demands of the aerospace and defense industries.

Under the terms of this agreement, Velo3D will provide comprehensive consulting services and production capabilities through its RPS offering. This initiative is tailored towards enhancing operational efficiency while allowing for rapid scale-up in production capabilities through various flexible pathways. As Momentus incentivizes this collaboration with a combination of common and convertible preferred stock, it allows Velo3D to maintain less than 9.99% of Momentus’s total outstanding shares at any time.

Focus on Innovation

Velo3D's RPS offering is designed to meet the increasing demands for innovation within manufacturing. They focus on creating application-specific solutions that drive rapid product development to enable quick turnarounds from design to production qualification. This cuts down design cycles and expedites the process of bringing products to market.

Ensuring Quality and Reliability

One of the standout features of Velo3D's RPS is its commitment to maintaining reliability and consistency. As production scales, these attributes become increasingly important. The RPS integrates advanced metrology, software, and process controls to ensure predictable outputs, catering to the needs of various industries that require quality assurance and rapid qualification designs.

Flexible Production Pathways

Recognizing that companies operate differently, the RPS allows organizations multiple options for production:

• - In-House Integration: Customers can integrate AM technologies into their operations, streamlining the production process.
• - Contract Manufacturing Partnerships: Enterprises can partner with contract manufacturers to enhance capacity without substantial capital risks.
• - Utilizing Velo3D's Facilities: Companies can tap into Velo3D’s capabilities for flexible production for surges in demand.

About Velo3D

Velo3D is a U.S.-based innovator in metal 3D printing technology. This technology offers unmatched capabilities compared to traditional methods, particularly in producing high-value components. Overcoming historical limitations of legacy AM processes allows Velo3D to meet complex engineering requirements across industries such as aerospace, defense, and energy. Their comprehensive approach includes Flow software for print preparation, the Sapphire printer series, and the Assure quality control system.

Noteworthy Partnerships

Since its inception, Velo3D has emerged as a strategic partner to several industry leaders, including SpaceX, General Motors, and Lockheed Martin. Their continuous innovation has earned them recognition, including being named one of Fast Company’s Most Innovative Companies for 2023.

Conclusion

The agreement with Momentus signals an exciting chapter for Velo3D, paving the way for innovation in additive manufacturing. As they continue to expand their influence in aerospace and beyond, Velo3D is well-positioned to lead the industry in harnessing advanced AM technologies that meet future demands. For more insights on their offerings, visit Velo3D.com.