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]