Velo3D Announces Five-Year Master Service Agreement Valued at $15 Million with Momentus, Inc.

Core Insights - Velo3D has entered a five-year, $15 million master services agreement with Momentus to enhance operational efficiency and drive future success through its new Rapid Production Solutions offering [1][2] - The partnership aims to support mission-critical projects and aligns with Velo3D's long-term growth strategy, providing exceptional value over the next five years [2] - Velo3D's Rapid Production Solutions address the need for innovation and flexibility in manufacturing, enabling customers to accelerate their production capabilities [3][6] Company Overview - Velo3D is a leading U.S. metal 3D printing technology company that has transformed aerospace and defense supply chains through advanced additive manufacturing [1][4] - The company has developed a fully integrated solution that includes Flow print preparation software, Sapphire printers, and Assure quality control systems, powered by its Intelligent Fusion manufacturing process [4] - Velo3D has established partnerships with notable companies such as SpaceX, Lockheed Martin, and General Motors, and was recognized as one of Fast Company's Most Innovative Companies for 2023 [4] Industry Context - The additive manufacturing industry has faced limitations for nearly 30 years, but Velo3D has overcome these challenges, allowing for the production of high-value metal parts previously deemed impossible [3][4] - Velo3D's solutions enable rapid innovation in production-ready manufacturing, particularly in aerospace, defense, and energy sectors, allowing companies to shorten design cycles and achieve production qualification faster [6] - The Rapid Production Solutions offering provides flexible production pathways, including vertical integration within customer operations and partnerships with contract manufacturers, facilitating scalable production without significant capital investment [6]