Italian Contract Manufacturer Ci-Esse Srl Acquires a Velo3D Sapphire Printer to Enhance its Additive Manufacturing Capabilities
Portfolio Pulse from Benzinga Newsdesk
Velo3D, Inc. (VLD) has sold a Sapphire printer to Italian contract manufacturer Ci-Esse Srl. The printer will be used to produce parts for Ci-Esse's customers in aerospace, defense, motorsports, and other industries. This makes Ci-Esse the first member of Velo3D's contract manufacturer network in Italy.
October 31, 2023 | 8:09 am
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Velo3D's sale of a Sapphire printer to Ci-Esse Srl could potentially increase its revenue and expand its network in Italy.
The sale of a Sapphire printer to Ci-Esse Srl not only provides immediate revenue for Velo3D, but also establishes a presence in Italy, potentially opening up new opportunities for future sales and partnerships. This could have a positive impact on Velo3D's stock price in the short term.
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