Velo3D Announces Five-Year $15 Million Agreement With Momentus
Velo3D, a leader in additive manufacturing (AM) technology known for transforming aerospace and defense supply chains through world-class metal AM, has announced a five-year, $15 million master services agreement (MSA) with Momentus, Inc.
“We are constantly seeking opportunities to drive growth and deliver value, and this deal with Momentus marks a great step in that direction”, said Arun Jeldi , CEO of Velo3D. “This partnership represents meaningful progress for both companies, setting the stage for the successful execution of mission-critical projects over the coming years. We are optimistic about the opportunities it opens up. Additionally, the agreement provides for seamless delivery, aligns with our long-term growth strategy and secures exceptional value for our company over the next five years.”
Under the terms of the MSA, Velo3D will provide consulting and parts production through Velo3D’s new Rapid Production Solutions (RPS) offering, which is designed to enhance operational efficiency and drive future success. In exchange, Momentus issued a combination of common stock and convertible preferred stock for services that will be delivered over a five-year period. Velo3D will not hold more than 9.99% of the outstanding shares of Momentus’s common stock at any time.
Velo3D’s new RPS offering addresses the need for innovation and flexibility as customers look to accelerate their manufacturing capabilities:
Accelerating the Path to Production: Velo3D works hand-in-hand with customers to develop application-specific solutions, enabling rapid innovation in production-ready manufacturing. With a focus on aerospace, defense, energy and other industries – companies can shorten design cycles and reach production qualification faster.
Ensuring Consistent, High-Quality Parts: Reliability and consistency are critical for customers seeking to scale production. RPS integrates metrology, software, process control tools, and data-driven solutions, ensuring predictable output and rapid qualification across diverse industries.
Flexible Production Supply Chains: Understanding that each customer has unique needs, RPS offers multiple production pathways:
- Vertically integrate AM production within the customer’s own operations.
- Partner with contract manufacturers to expand capacity without significant capital investment.
- Leverage Velo3D’s production cells for scalable surge capacity, allowing rapid scaling without significant capital investment.
“We’re pleased to be partnering with Velo3D to leverage the power of advanced manufacturing, to continue to improve the capabilities of our satellites and space systems and aiming to make our low-cost products and services even more cost-competitive,” said Momentus’ CEO John Rood. “We are also excited about the ability to expand our product offerings to create new revenue streams through sales of space system components that are 3D printed.”
Momentus intends to leverage advanced additive manufacturing capabilities to:
- Optimize spacecraft design with the potential for lighter, stronger, and more complex geometries, improving overall performance.
- Reduce production costs: Traditional manufacturing methods require extensive machining, whereas additive manufacturing minimizes material waste and accelerates fabrication.
- Enhance component reliability: High-precision 3D-printed parts may contribute to improved durability and mission success.
- Support rapid prototyping: Additive manufacturing allows for quick design iterations, enabling faster testing and development.
- Design satellite and space system components that will be manufactured by Velo3D to supply to customers in the space industry, leading to new product lines and revenue streams.
Fore more information: www.velo3d.com
