New System Expands Contract Manufacturer’s
Addressable Use-cases By Printing Larger Parts and Achieving
High-volume Production at Lower Costs
Velo3D, Inc. (NYSE: VLD), a leading metal additive manufacturing
technology company for mission-critical parts, today announced
Knust-Godwin, a precision contract manufacturer, has received a
Sapphire XC to expand its metal additive manufacturing (AM)
capabilities. The acquisition of an additional Sapphire family
printer from Velo3D further expands Knust-Godwin’s additive
manufacturing offering by unlocking high-volume production and
lower costs for its largest customers. Knust-Godwin’s Sapphire XC
will reside in its Katy, Texas facility, is calibrated for Inconel
718, and is fully compatible with its other Sapphire Inconel 718
printers, so as customers scale up production, they can take
advantage of the Sapphire XC’s benefits.
Since its release in December 2021, there has been extensive
demand for the Sapphire XC. The demand is largely driven by the
Sapphire XC’s ability to lower production costs by up to 75% and
produce parts that are 500% larger in volume compared to the
company’s Sapphire system. Knust-Godwin is the first of Velo3D’s
network of contract manufacturers to receive a Sapphire XC.
“Our company has spent over 55 years serving our customers in
the aerospace, defense, oil and gas, and semi-conductor industries,
and we view additive manufacturing as a huge complement to our
precision manufacturing offering,” said Mike Corliss, Knust-Godwin
VP of Technology. “By adding a Sapphire XC to our manufacturing
floor, we can better serve our customers and help them utilize
additive manufacturing in new ways, as well as differentiate our
additive manufacturing offering from our competitors.”
With the addition of its Sapphire XC, Knust-Godwin now operates
six Sapphire metal 3D printing systems from Velo3D. These printers
are powered by Flow print preparation and Assure quality assurance
software as well as the Velo3D Intelligent Fusion manufacturing
process. By combining hardware and software with proven, repeatable
processes, Velo3D is able to make each Sapphire printer fully
compatible, so as customers’ production needs increase, they can
easily add additional printers to their manufacturing facilities to
produce identical parts or scale up production by moving from a
Sapphire to a Sapphire XC. It also enables distributed
manufacturing. When customers who have their own Velo3D solutions
reach production limits, they can achieve greater scale by
utilizing the systems of contract manufacturers like
Knust-Godwin.
“The interest we’ve seen in Sapphire XC is remarkable and we
expect to soon be sold out for deliveries through the end of 2022,”
said Zach Murphree, Velo3D Vice President of Global Sales and
Business Development. “The Sapphire XC will help Knust-Godwin’s
customers unlock new use-cases for AM by enabling the printing of
larger parts, and significantly lowering manufacturing costs for
customers printing parts in larger volumes.”
The Velo3D Sapphire XC is capable of producing prints that are
600 mm in diameter and 550 mm in height, making it one of the
largest metal laser powder bed fusion AM solutions on the market.
The system uses eight 1-kilowatt lasers to produce parts. Its
protrusion-tolerant, non-contact recoater is also faster than that
of the original Sapphire system. These capabilities increase the
throughput of the Sapphire XC by more than 400% compared to the
original Sapphire, greatly reducing the cost of parts produced.
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 end-to-end
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,
Honeywell, Honda, Chromalloy, and Lam Research. Velo3D has been
named to Fast Company’s prestigious annual list of the World’s Most
Innovative Companies for 2021. 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 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.; and 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/20220628005204/en/
Media Contact:
Dan Sorensen, Senior Director of Public Relations
press@velo3d.com
Investor Relations:
Bob Okunski, VP Investor Relations investors@velo3d.com
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