Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 10

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 10
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 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 manufacturing technologies for metal parts. 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 for the purpose of defense, aerospace and energy 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. However, many of our customers have found that legacy AM technologies failed to produce the required designs for the high-value metal parts and assemblies that our customers wanted to produce with AM. As a result, other AM solutions often require that parts be redesigned so that they can be produced and frequently incur performance losses for high-value applications.

In contrast, our technology can deliver complex high value metal parts with the design advantages, lower costs and faster lead times associated with AM, and generally avoids the need to redesign the parts. As a result, our customers have increasingly adopted our technology into their design and production processes. We believe our value is reflected in our sales patterns, as most 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.

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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.