The High-strength Alloy Combined with Velo3D’s End-to-end
Solution Can Improve the Lifetime of Tooling Inserts and Enhance
Manufacturing Throughput for Automotive Manufacturers
Velo3D, Inc. (NYSE: VLD), a leading metal additive manufacturing
technology company for mission-critical parts, today announced that
M300 tool steel, an ultra-low carbon alloy that delivers very high
strength and hardness, is qualified for use in Sapphire printers.
Velo3D has already seen extensive interest in the alloy from
automotive manufacturers for use in high-pressure die cast inserts,
injection molding, and other types of tooling. The first M300 parts
printed on a Sapphire printer will be shown at IMTS 2022 in Chicago
on Sept. 12-17 in booth #433031.
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Engineer evaluating an M300 tool steel
print of conformal cooled tooling and high pressure die casting
inserts. These types of inserts are widely used to manufacture
parts for the automotive industry. (Photo: Business Wire)
“By qualifying M300 tool steel for use in our printers, we’re
able to service entirely new industries, like automotive and
tooling, that can leverage Velo3D’s advanced capability to print
high quality, large diameter internal channels for their
applications,” said Greg Brown, Velo3D VP of Technology. “By
manufacturing die cast inserts and other tooling components with
our technology, we expect companies will be able to build stronger
products, improve machining throughput, and decrease manufacturing
costs.”
Velo3D’s end-to-end solution is well suited for leveraging M300
tool steel due to its ability to print parts with high-quality
surface finishes in complex large-diameter internal cooling
channels. These channels can prolong the life of the tooling;
however they can be difficult to create with conventional
manufacturing methods. Furthermore, while many metal 3D printers
can print smaller diameter holes, printing large channels can
create roughness and susceptibility to cracking.
The company’s Sapphire XC 1MZ also provides customers with a
large build volume—600 mm in diameter and 1000 mm in heights. This
is the largest build volume in comparable printers from leading
manufacturers, making it better suited to fulfill the requirements
of industries that require the largest M300 tool steel inserts,
like automotive.
Velo3D has seen high demand for Sapphire printers utilizing M300
tool steel in both Sapphire and Sapphire XC platforms. The company
expects system deliveries will start as early as Q4 of 2022. To
learn more about M300 tool steel in Velo3D Sapphire printers, visit
velo3d.com/material-m300-tool-steel.
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/20220908005184/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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