Velo3D Secures $11.5 Million Full Rate Production RPS Contract from Key US Defense Prime Contractor [Accessibility Statement] Skip NavigationContract delivers essential system components for a sensitive national security program entering full-rate productionFREMONT, Calif., Feb. 17, 2026 /PRNewswire/ -- Velo3D, Inc. (NASDAQ: VELO), a leading additive manufacturing technology company for mission-critical metal components has been awarded a multi-year full rate production contract from a key U.S. defense cont ...

Core Insights - Velo3D has been selected as the first qualified additive manufacturing vendor for the U.S. Army's Ground Vehicle Systems Center, aimed at accelerating qualified AM solutions within the Defense Industrial Base [1] - The partnership will focus on developing and validating complex additively manufactured parts to address supply chain challenges for military systems [1] - Velo3D met all qualification criteria in less than two weeks, demonstrating its advanced AM technology and robust process capabilities [1] Company Overview - Velo3D specializes in additive manufacturing technology for mission-critical metal parts, providing solutions that enhance design freedom and manufacturing capabilities [1] - The company's Sapphire printers can produce parts up to 600mm in diameter and one meter in height, significantly expanding production capabilities [1] - Velo3D's systems comply with Department of War cybersecurity standards, ensuring secure connections to military networks [1] Partnership with U.S. Army - The collaboration with the U.S. Army's DEVCOM GVSC aims to validate critical components using Velo3D's Sapphire printers in materials like Aluminum CP1 and Inconel 718 [1] - Successful validation will allow Velo3D's AM alternatives to be integrated into the Army's supply chain, addressing current sustainment bottlenecks [1] - The partnership is part of a broader effort to advance sustainment technologies rapidly, reflecting the urgency of military needs [1]

Core Insights - Velo3D, Inc. has secured a $32.6 million contract with the U.S. Department of War's Defense Innovation Unit to support Project FORGE, aimed at addressing manufacturing bottlenecks in critical defense systems [1][2][3] Group 1: Project FORGE and Contract Details - The contract supports DIU's Project FORGE, which focuses on resolving manufacturing bottlenecks in the U.S. defense industrial base [1] - Velo3D will collaborate with DIU, the U.S. Navy, and a key industry partner to prototype and qualify additively manufactured components [1][2] - The agreement includes an option to develop the largest format Laser Powder Bed Fusion (LPBF) printing capability in the U.S. [2] Group 2: Velo3D's Technology and Capabilities - Velo3D's Rapid Production Solution (RPS) enables quick prototyping and scalable production of mission-critical components [2][3] - The company's Sapphire® printers can produce parts up to 600mm in diameter and one meter in height, enhancing production capabilities [3] - Velo3D's systems meet Department of Defense cybersecurity standards, ensuring secure manufacturing operations [4] Group 3: Industry Context and Importance - The collaboration between DIU and Velo3D is seen as essential for addressing critical production backlogs in defense manufacturing [2] - Velo3D's technology allows for greater design freedom and the production of previously impossible metal parts, benefiting various industries including aerospace and energy [8] - The partnership aims to strengthen the U.S. defense industrial base by integrating advanced commercial technologies [5]

Core Insights - Velo3D, Inc. reported significant progress in operational efficiency and growth potential, particularly in its Rapid Production Services (RPS) which has led to repeat orders and new customer signings in the aerospace and defense sectors [3][5]. Financial Performance - The company achieved GAAP revenue of $13.6 million in Q3 2025, up from $8.2 million in Q3 2024, reflecting a year-over-year increase of approximately 66% [4]. - GAAP gross margin decreased to 3.2% in Q3 2025 from 49.4% in Q3 2024, primarily due to a one-off license revenue in the previous year [4][7]. - The GAAP net loss narrowed to $11.8 million in Q3 2025 compared to a loss of $23.1 million in Q3 2024 [4][7]. - Non-GAAP net loss was $9.2 million for Q3 2025, an improvement from $14.5 million in Q3 2024 [4][7]. Operational Highlights - The backlog as of September 30, 2025, stood at $21.1 million, indicating strong demand for the company's services [5]. - The company reaffirmed its revenue guidance for 2025 to be between $50 million and $60 million, with expectations of achieving positive EBITDA in the first half of 2026 [5][12]. - The RPS backlog increased by 22% quarter-over-quarter, with 48% of bookings coming from the Space and Defense sector [6]. Strategic Developments - Velo3D completed its uplisting to the Nasdaq Capital Market and raised approximately $17.5 million through a public offering of 5,833,333 shares at $3.00 per share [6]. - The company signed significant agreements, including a $6 million contract to develop copper-nickel alloy for the U.S. Navy and partnerships with the U.S. Army and Linde AMT [6][7]. - Velo3D achieved AS9100D certification for its RPS Quality Management System, affirming compliance with stringent aerospace standards [6]. Cash Position - As of September 30, 2025, Velo3D had cash and cash equivalents of $11.8 million, a substantial increase from $1.2 million at the end of 2024 [8].

Core Insights - Velo3D, Inc. will release its Q3 2025 financial results on November 10, 2025, after market close [1] - An earnings conference call will be held on the same day at 2:00 p.m. Pacific Time [2] - The company is recognized for its advanced metal additive manufacturing technology, which is transforming aerospace and defense supply chains [1][4] Company Overview - Velo3D specializes in metal 3D printing technology, also known as additive manufacturing (AM), which enhances the production of high-value metal parts [4] - The company has addressed limitations of legacy metal AM technology, enabling the design and production of previously impossible parts [5] - Velo3D's integrated solution includes Flow print preparation software, the Sapphire family of printers, and the Assure quality control system, all powered by the Intelligent Fusion manufacturing process [5] Industry Impact - Velo3D's technology supports innovation in various sectors, including space exploration, aviation, power generation, energy, and semiconductors [5] - The company has established partnerships with notable innovators such as SpaceX, Honeywell, Honda, Chromalloy, and Lam Research [5] - Velo3D was named one of Fast Company's Most Innovative Companies for 2024, highlighting its impact in the industry [5]

Core Points - Velo3D, Inc. has achieved AS9100D certification for its Rapid Production Solution (RPS) Quality Management System, confirming compliance with stringent aerospace quality standards [1][4] - The certification enhances Velo3D's capability to serve aerospace primes, defense contractors, and government agencies, ensuring reliable production-ready solutions for critical applications [4][5] - The RPS provides a pathway for customers to transition from prototyping to high-volume production of complex components, ensuring repeatability and traceability [2][4] Certification Process - The certification was conducted by Eagle Certification Group (ECG), which is recognized for aerospace quality management system audits [3] - Velo3D underwent a rigorous evaluation of its quality management system documentation, implementation, and overall effectiveness [3] Strategic Implications - The AS9100D certification is seen as a pivotal milestone for Velo3D, reinforcing its commitment to U.S.-based manufacturing resiliency and opening new growth opportunities in the aerospace and defense sectors [4][5] - The company’s integrated platform, which includes Flow print preparation software, Sapphire printer family, and Assure quality control system, supports advanced design freedom and scalability [5]

Core Insights - Velo3D, Inc. is participating in a U.S. Army initiative to advance high-throughput, cost-effective additive manufacturing processes for Aluminum CP1, aimed at supporting defense applications [1][2] - The collaboration with RTX and the Raytheon Technologies Research Center focuses on developing an optimized laser powder bed fusion process that aligns with the U.S. Army's Integrated Air and Missile Defense modernization priorities [2][3] - The initiative aims to establish a new Installation and Operational Qualification framework to enhance distributed manufacturing capabilities within the Department of Defense [3][4] Company Overview - Velo3D specializes in metal 3D printing technology, overcoming limitations of legacy additive manufacturing systems to enable the production of high-value metal parts [5][6] - The company's integrated solution includes Flow print preparation software, Sapphire printers, and Assure quality control systems, all powered by the Intelligent Fusion manufacturing process [6] - Velo3D has established partnerships with notable companies such as SpaceX, Honeywell, and Honda, and has been recognized as one of Fast Company's Most Innovative Companies for 2024 [6]

Core Insights - Velo3D has signed a $6 million contract to develop and qualify copper nickel alloy (CuNi) for its Sapphire printers, supporting U.S. Navy ship repair efforts [1] - The use of CuNi in naval applications is due to its excellent seawater corrosion resistance, while traditional casting methods face significant manufacturing challenges [2] - Velo3D's Rapid Production Solution (RPS) allows for faster production of CuNi parts compared to traditional methods, enhancing shipbuilding schedules and supply chain resilience [2][3] - The qualification process for CuNi is being conducted by Velo3D's team in Fremont, California, in collaboration with a domestic metal powder supplier to ensure supply chain independence for the Navy [3] - The large-format Sapphire XC printer can produce parts up to 600 mm in diameter and 550 mm in height, potentially being the first of its size to qualify CuNi parts [4] - Velo3D's systems comply with DoD cybersecurity standards, ensuring secure connections to military networks for critical manufacturing operations [5] - The Navy's Maritime Industrial Base Program aims to stabilize and grow the maritime industrial base by addressing various challenges [6] Company Overview - Velo3D specializes in metal 3D printing technology, overcoming limitations of legacy additive manufacturing to enable the production of high-value metal parts [7] - The company's integrated solution includes Flow print preparation software, Sapphire printers, and Assure quality control system, powered by the Intelligent Fusion manufacturing process [7] - 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 [8]

Core Points - Velo3D, Inc. announced a public offering of 5,833,333 shares at $3.00 per share, aiming for gross proceeds of approximately $17.5 million [1] - The company plans to use the net proceeds for working capital, capital expenditures, and general corporate purposes [1] - Trading of Velo3D's common stock is expected to commence on the Nasdaq Capital Market under the ticker "VELO" on August 19, 2025 [1] Offering Details - Lake Street Capital Markets, LLC is the sole book-running manager for the offering [2] - The underwriters have a 30-day option to purchase an additional 875,000 shares at the public offering price [3] - The offering is expected to close on or about August 20, 2025, subject to customary closing conditions [3] Regulatory Information - A Registration Statement on Form S-1 was declared effective by the SEC on August 18, 2025 [4] - The offering is being made only by means of a prospectus that is part of the effective registration statement [4] - Trading of the company's common stock under the symbol "VLDX" on the OTCQX was suspended on August 18, 2025 [4] Company Overview - Velo3D specializes in metal 3D printing technology, focusing on additive manufacturing for high-value metal parts [6] - The company has developed solutions that allow for greater design freedom, enabling the production of mission-critical parts in various industries [7] - Velo3D's integrated solution includes Flow print preparation software, the Sapphire family of printers, and the Assure quality control system, powered by the Intelligent Fusion manufacturing process [7]

As filed with the Securities and Exchange Commission on August 6, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Velo3D, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 3559 98-1556965 (I.R.S. Employer Identification Number) 2710 Lakeview Court Fremont, ...