Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 67

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 67
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 and analysis or set forth elsewhere in this prospectus, including information with respect to our plans and strategy for our business and related financing, includes forward-looking statements that involve risks and uncertainties. As a result of many factors, including those factors set forth in the section entitled “Risk Factors,” our actual results could differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis. You should carefully read the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” to gain an understanding of the important factors that could cause actual results to differ materially from our forward-looking statements.

Overview

We seek to fulfill the promise of additive
manufacturing, also referred to as 3D printing (“AM”), to deliver breakthroughs in performance, cost, and lead time in the
production of high-value metal parts.

We produce a fully integrated hardware and
software solution based on our proprietary laser powder bed fusion (“L-PBF”) technology, which greatly reduces and often
eliminates the need for support structures. Our technology enables the production of highly complex, mission-critical parts that existing
AM solutions cannot produce without the need for redesign or additional assembly.

Our Sapphire Family of Printers give our customers
who are in space, aviation, defense, automotive, energy and industrial markets the freedom to design and produce metal parts with complex
internal features and geometries that had previously been considered impossible for AM. We believe our technology is years ahead of competitors.

Our technology is novel compared to other
AM technologies because of its ability to deliver high-value metal parts that have complex internal channels, structures, and geometries.
This affords a wide breadth of design freedom for creating new metal parts and it enables replication of existing parts without the need
to redesign the part to be manufacturable with AM. Because of these features, we believe our technology and product capabilities are
highly valued by our customers. Our customers are primarily original equipment manufacturers (“OEMs”) and contract manufacturers
(“CMs”) who look to AM to solve issues with traditional metal parts manufacturing technologies. Those traditional manufacturing
technologies rely on processes, including casting, stamping and forging, that typically require high volumes to drive competitive costs
and have long lead times for production. Our customers look to AM solutions to produce assemblies that are lighter, stronger, and more
reliable than those manufactured with traditional technologies. Our customers also expect AM solutions to drive lower costs for low-volume
parts and substantially shorter lead times