Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 11

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 11
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 single machine to validate our technology and purchase additional systems over time as they embed our technology in their product roadmap and manufacturing infrastructure. We consider this approach a “land and expand” strategy, oriented around a demonstration of our value proposition followed by increasing penetration with key customers.

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Confidential Treatment Requested by Velo3D, Inc. Pursuant to 17 CFR 200.83 We offer customers a fully integrated solution, which includes the following key components:

| ● | Flow                                                                                                                                    
 print preparation software conducts a sophisticated analysis of the features of the metal part and specifies a production process       
 that significantly reduces and often eliminates the need for support structures.                                                        |
| ● | Sapphire                                                                                                                                
 metal AM printers produce the part using our proprietary L-PBF technology. Our technology produces metal parts by fusing many thousands 
 of very thin layers of metal powder with a precisely controlled laser beam in a sophisticated software defined sequence (or “recipe”)   
 prescribed by our Flow software.                                                                                                        |
| ● | Assure                                                                                                                                  
 quality control software validates the product made by Sapphire printers to confirm that each layer is made to the specifications       
 required by the original design.                                                                                                        |
| ● | Intelligent                                                                                                                             
 Fusion is the underlying manufacturing process that binds software and hardware together into a complete manufacturing solution that    
 produces repeatable outcomes across different family of Sapphire systems.                                                               |

Legacy AM technologies often rely on internal supports to prevent deformation of the metal part during the AM process. These supports inhibit the production of parts with complex internal geometries, which are often required in high-performance applications, because there is limited or no access to remove them after production. Our technological advances enable our Sapphire family of systems to print metal parts that significantly reduce and often eliminates the need for internal supports, which enables our customers to produce designs that would otherwise be infeasible to make with conventional AM technology. We sell our fully integrated hardware and software AM solutions through two types of transaction models: a 3D Printer sale transaction and a recurring payment transaction (“Recurring Payment”). Support services are included with both a 3D Printer sale transaction and a Recurring Payment transaction. A subsequent Extended Support Agreement is available for renewal after the initial contract period based on the then-fair value of the service, which is paid for separately. Recurring Payment transactions are our leased 3D printer transactions. Under a Recurring Payment transaction, the customer typically pays an amount for a lease which entitles the customer to a base number of hours of usage. For usage above that level, the