Velo3D’s End-to-end Solution Will Expand the Contract
Manufacturer’s Capabilities by Delivering High-quality Parts for
High Performance Designs
Velo3D, Inc. (NYSE: VLD), a leading metal additive manufacturing
technology company for mission-critical parts, today announced
StarHagen, a provider of high-quality production parts for
aerospace companies, has joined the Velo3D Contract Manufacturer
Network with the purchase of an end-to-end solution from the
additive manufacturing technology company. The Sapphire printer
acquired by the company is calibrated to print in Inconel 625, a
nickel-based superalloy designed for high-strength, and to resist
high temperatures and corrosion.
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StarHagen is a provider of high-quality
production parts for aerospace companies. As a contract
manufacturer, customers leverage StarHagen’s expertise to produce
their most challenging designs. The company now offers additive
manufacturing services to its customers in addition to its
conventional CNC services. (Graphic: Business Wire)
“Our team has extensive experience manufacturing high-value
parts for aerospace applications and to maintain our leadership
position in the industry we knew we needed an additive
manufacturing solution,” said Scott Anderson, StarHagen Managing
Director. “In our evaluation of offerings on the market we found
that none could exceed the capabilities delivered by Velo3D. The
company’s unique capability of printing parts with minimal supports
and its extensive adoption within the aerospace industry—including
with some of our existing customers—gives us the confidence that we
will be successful with our deployment.”
StarHagen specializes in manufacturing with extreme precision
for prototype and production volume manufacturing. In addition to
its new Sapphire printer, the company also operates a variety of
CNC machines, including those capable of 4 and 5-axis machining,
which will enable it to provide complete turn-key parts for its
customers. StarHagen has extensive experience working with various
exotic alloys, including those commonly used in aerospace
applications like Inconel 625. The company is AS9100 certified,
giving its customers the confidence in quality they require.
“While Velo3D provides many OEM customers with additive
manufacturing technology for their in-house machine shops, many
aerospace companies prefer to obtain finished parts from known and
trusted contract manufacturers,” said Benny Buller, Velo3D CEO and
Founder. “StarHagen’s extensive experience in delivering high
quality parts for mission-critical aerospace applications makes the
company a great candidate for a Sapphire printer.”
Headquartered in Mooresville, N.C. (a suburb of Charlotte, N.C.)
StarHagen will be the first Velo3D Contract Manufacturer Network
located on the eastern U.S. coast. Charlotte’s manufacturing
industry has already experienced broad adoption of additive
manufacturing. The city is home to several additive manufacturing
service bureaus, which help customers with part design and other
services.
StarHagen selected Velo3D in part due to its ease-of-use. Once
operational, Velo3D Sapphire printers can easily be monitored by
operators like those experienced in traditional CNC machining.
Velo3D has an extensive partner ecosystem of contract
manufacturers, service bureaus, and resellers. To find a partner
visit velo3d.com/partners.
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/20220804005219/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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