FREMONT, CA, USA, Apr 18, 2025 – Velo3D, Inc. (OTC: VLDX) – a leader in additive manufacturing (AM) technology known for transforming aerospace and defense supply chains through world-class metal AM, announced a five-year, $15 million master services agreement (MSA) with Momentus, Inc. (NASDAQ: MNTS).
“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.
About Velo3D
Velo3D is a leading US based metal 3D printing technology company. 3D printing—also known as additive manufacturing (AM)—has a unique ability to improve the way high-value metal parts are built. However, legacy metal AM has been greatly limited in its capabilities since its invention almost 30 years ago. This has prevented the technology from being used to create the most valuable and impactful parts, restricting its use to specific niches where the limitations were acceptable.
Velo3D has overcome these limitations so engineers can design and print the parts they want. The company’s solution unlocks a wide breadth of design freedom and enables customers in space exploration, aviation, power generation, energy, and semiconductors to innovate the future in their respective industries. Using Velo3D, these customers can now build mission-critical metal parts that were previously impossible to manufacture. The fully integrated solution includes the Flow print preparation software, the Sapphire family of printers, and the Assure quality control system—all of which are powered by Velo3D’s Intelligent Fusion manufacturing process. The company delivered its first Sapphire system in 2018 and has been a strategic partner to innovators such as SpaceX, Aerojet Rocketdyne, Lockheed Martin, Avio, and General Motors. Velo3D was named as one of Fast Company’s Most Innovative Companies for 2023. For more information, please visit Velo3D.com, or follow the company on LinkedIn or X.
About Momentus
Momentus is a U.S. commercial space company offering satellites, satellite components, and in-space transportation and infrastructure services. The Company offers satellites to support government and commercial customers for missions like communications, missile tracking, and cutting-edge science missions. In its transportation and infrastructure services business, Momentus aims to enable new ways of operating in space for orbital logistics with its Vigoride orbital service vehicle, which utilizes a modular system to customize the vehicle to meet the specific mission requirements of our customers. Momentus offers services such as hosted payloads, support for in-space assembly, on-orbit servicing and refueling, and transportation of satellites to specific orbits. For more information, visit