Atomic Industries Unlocks New Capabilities In Tool And Die Manufacturing With Velo3D's Fully Integrated Metal 3D Printing Solution
Portfolio Pulse from Benzinga Newsdesk
Atomic Industries has purchased a fully integrated metal additive manufacturing solution from Velo3D, Inc. (VLD), including a Sapphire printer calibrated for M300 tool steel. This acquisition will enhance Atomic Industries' capabilities in tool and die manufacturing for aerospace, automotive, and energy industries. The printer will be housed in a newly renovated Detroit facility, and Atomic Industries is the first to qualify M300 tool steel for injection molding tooling with the Sapphire printer. Velo3D's technology enables the production of high-quality tooling parts with improved performance and extended lifecycle.
November 28, 2023 | 2:31 pm
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Velo3D, Inc. has sold a Sapphire metal 3D printer to Atomic Industries, which will use it to produce high-quality tooling for various industries. This sale could indicate Velo3D's growth in the advanced manufacturing sector and its ability to meet specialized customer needs.
The sale of Velo3D's Sapphire printer to Atomic Industries is likely to have a positive short-term impact on VLD's stock price. The deal demonstrates Velo3D's ability to penetrate the advanced manufacturing market and meet the specialized needs of industries such as aerospace, automotive, and energy. The announcement of Atomic Industries being the first to qualify M300 tool steel for injection molding with the Sapphire printer could be seen as a testament to Velo3D's innovative capabilities, potentially increasing investor confidence and demand for VLD shares.
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