Schoeller-Bleckmann Oilfield Technology Expands Additive Manufacturing Capabilities With A Velo3D Sapphire XC
Portfolio Pulse from Happy Mohamed
Schoeller-Bleckmann Oilfield Technology (SBOT) has purchased a Sapphire XC large-format printer from Velo3D, Inc. (VLD) to expand its additive manufacturing capabilities. The new printer will support the growing demand for 3D-printed parts from SBOT customers, enhancing production capabilities and delivering high-volume parts at a reduced cost. SBOT became the first Velo3D contract manufacturer in Europe in November 2021. The partnership with SBOT strengthens Velo3D's position as a global leader in advanced metal 3D printing.

August 08, 2023 | 1:03 pm
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Velo3D's sale of a Sapphire XC printer to SBOT expands its presence in Europe and strengthens its position in the global 3D printing market. This could potentially increase demand for Velo3D's products and services.
The news of SBOT purchasing a Sapphire XC printer from Velo3D is directly relevant to Velo3D as it signifies a new business deal and expansion of its customer base. This could potentially lead to increased demand for Velo3D's products and services, positively impacting its stock price in the short term.
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