Kevton Technologies Acquires Seven Velo3D Sapphire 3D Printers to Provide Space, Aviation, Defense, and Oil & Gas Customers with Advanced Manufacturing Capabilities
September 14 2022 - 4:05PM
Business Wire
Houston-based Manufacturer Places One of the Largest-ever
Individual Orders for Sapphire Systems, Joining Velo3D’s Contract
Manufacturer Network and Helping Customers Build Their Most Complex
Parts Without Compromising the Designs
Velo3D, Inc. (NYSE: VLD), a leading metal additive manufacturing
technology company for mission-critical parts, today announced
Kevton Technologies, a subsidiary of Houston-based contract
manufacturer Kevton Industries, has acquired seven Sapphire
printers to provide its customers with high-quality, additively
manufactured parts. The purchase is one of the largest ever with
Velo3D from a contract manufacturer and will make Kevton
Technologies one of the top suppliers of additively manufactured
parts relying on Velo3D's laser powder bed fusion technology. The
first two Sapphire printers are scheduled to begin producing parts
for customers in Q1, 2023 in Kevton’s Houston, Texas facility.
“Our team is seeing a strong trend towards additive
manufacturing—especially within the aerospace industry—and our
partnership with Velo3D will help us maintain our leadership
position as a provider of manufactured parts within all of our key
industries,” said Kevin Nguyen, Kevton Technologies President.
“After meeting with many vendors of additive manufacturing
technology, we understood how transformational Velo3D’s fully
integrated solution could be for our service offering.”
Kevton Technologies provides its customers with an array of
manufacturing services, including CNC turning, CNC milling,
coordinate measuring machine inspections, wire EDM, and other
finishing services. The company has an extensive list of
certifications, including ISO9000/AS9100. Its new additive
manufacturing division will work to continue the company’s legacy
within its key industries.
“Additive manufacturing is seeing extensive growth right now and
we’ve only scratched the surface of the adoption we expect to see
over the next decade,” said Benny Buller, Velo3D CEO. “Companies
with the foresight to acquire additive manufacturing technology now
will be much better positioned to grow their market share in the
coming years. We’re thrilled to be working with Kevton Technologies
to help them establish themselves as a provider of
mission-critical, additively manufactured metal parts.”
Velo3D’s additive manufacturing technology made its debut in
2018 and has since seen extensive adoption in the aerospace
industry, with customers like Launcher, SpaceX, Hermeus, Lockheed
Martin, and Aerojet Rocketdyne using it to build some of their most
complex designs.
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/20220914005901/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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