Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 122

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 122
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 customers purchase a 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.

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 3D printing 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 eliminate 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: 3D Printer sale transactions and Recurring Payment transactions. 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 the 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 customer typically pays an hourly usage fee. Most of our leases have a 12-month term, though in certain cases the lease term