New Sapphire Printer and its Accompanying Software Will Reside
in the Raytheon Technologies Research Center in Connecticut
Velo3D, Inc. (NYSE: VLD), a leading metal additive manufacturing
technology company for mission-critical parts, today announced that
Pratt & Whitney, a Raytheon Technologies business, has acquired
an end-to-end solution from Velo3D to evaluate the Sapphire printer
for manufacturing production jet engine components. This is the
first Sapphire printer to be located at Pratt & Whitney; it
previously utilized Velo3D’s contract manufacturer network to
produce printed and finished parts.
Pratt & Whitney and Raytheon Technologies are experienced
and accomplished users of Additive Manufacturing (AM) technologies
with extensive knowledge across various platforms and applications.
Raytheon Technologies is a launch participant of President Biden’s
AM Forward initiative, a new program encouraging companies to
explore the use of additive manufacturing to transform supply
chains and drive innovation. Raytheon Technologies’ commitment
includes seeking small-medium-enterprise manufacturers’ involvement
in over 50% of its requests for quotes on products manufactured
using additive technologies, as well as seeking to simplify and
accelerate the procurement process of AM parts.
“Metal additive manufacturing can transform aviation and space
systems by delivering unprecedented part consolidation, lighter
weight components, and more efficient systems,” said Benny Buller,
Velo3D Founder and CEO. “We’re pleased to see Pratt & Whitney
move forward with their own Sapphire XC printer. We’re eager to see
how they innovate their most mission critical designs using the
end-to-end solution and how the economies of scale of an in-house
system help increase addressable use-cases.”
“Pratt & Whitney looks forward to future applications using
the Sapphire XC printer, and collaborations with other potential
suppliers with the Velo3D capability, for Pratt & Whitney GTF™
and advanced engine programs,” said Jesse Boyer, fellow, Additive
Manufacturing, Pratt & Whitney.
The company’s new Sapphire XC printer is calibrated to print in
Inconel 718, a nickel-based superalloy well-suited for extreme
temperatures.
The Raytheon Technologies Research Center is the company’s
central innovation hub where engineers, scientists and researchers
explore and develop new, transformative technologies. The center
provides the company’s businesses with groundbreaking innovations
and solutions to critical customer problems in a wide range of
research areas, including complex integrated systems, advanced
materials and manufacturing, autonomy-enabling technologies,
electrification, and sustainability.
This is made possible by Velo3D’s end-to-end solution, which
includes Flow print preparation software, the Sapphire family of
printers, Assure quality assurance software, and Intelligent Fusion
underlying manufacturing processes. The system uses a set of known
recipes to achieve the geometries desired without using supports
and monitors the build process layer-by-layer to ensure the highest
quality.
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/20220712005010/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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