Velo3D reports record sales growth for Q3 2019
October 9, 2019
Velo3D, Campbell, California, USA, has reported record sales growth in its third quarter 2019, closing the quarter with sales totalling $15 million. This brings the company’s total sales for the first year of commercialisation to $24 million.
The metal Additive Manufacturing systems and software developer launched its Sapphire 3D machine in Q4 2018, beginning its first quarter of commercial sales. “Velo3D’s commercial launch was exactly a year ago and we have received a very positive reception from the market,” stated Benny Buller, Velo3D’s founder and CEO. “I’m thrilled that our Sapphire printer is helping an increasing number of innovative OEM and contract manufacturing firms and thankful that the market has recognised Velo3D as an innovator in AM.”
According to Velo3D, while conventional Additive Manufacturing systems require supports for any geometry below 45°, the Sapphire machine enables engineers to realise designs with overhangs lower than 10°, and large inner diameters, without supports.
This is achieved through hardware innovations such as a non-contact recoater system that is tolerant to metal protrusion in the powder bed, and its Flow software, which decomposes geometry into characteristic features to be assigned the optimal processing.
Learn more about Velo3D’s ‘support-free’ Laser Powder Bed Fusion process
In the Autumn 2019 issue of Metal Additive Manufacturing magazine, Zach Murphree, Velo3D’s VP of Technical Partnerships, explained the key factors which set the Velo3D process apart from the wider metal Additive Manufacturing market. Read the full article below or as a free pdf download.
