Investing.com — Velo3D Inc () shares climbed 7% Tuesday after the company opened its 289,000-square-foot Livermore Production Campus, one of North America’s largest metal additive manufacturing facilities.
The metal 3D printing technology company held a ribbon-cutting ceremony on July 15 for the facility, called Forge 1, which is designed to help customers transition mission-critical programs from qualification into production. The campus includes approximately 270,000 square feet of production space with infrastructure to support more than 40 large-format metal additive manufacturing systems, with capacity to expand beyond 100 systems over time.
Combined with its Fremont headquarters, Velo3D expects to operate up to 125 systems across both campuses. The Fremont facility will remain the company’s center for research and development, applications engineering, process development, customer collaboration and qualification.
Forge 1 supports machine assembly, production-scale printing, post-processing, inspection, quality assurance and customer acceptance. The vertically integrated approach enables Velo3D to manufacture both its additive manufacturing systems and qualified production parts under one roof.
“Forge 1 is much more than a new production facility,” said Arun Jeldi, Chief Executive Officer of Velo3D. “It represents our commitment to helping customers and our nation build a stronger, more resilient manufacturing foundation.”
The facility will begin operations in phases as systems are installed and qualified, with capacity increasing over time to support future customer demand. Velo3D serves customers across aerospace, defense, energy and other strategic industries.
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