NUBURU Partners with CDME at Ohio State University to Showcase the Unique Advantages of Blue Wavelength Lasers in Additive Manufacturing

Rhea-AI Summary

NUBURU, a leader in industrial blue laser technology, has partnered with Ohio State University's Center for Design and Manufacturing Excellence (CDME). NUBURU's BlueScan solution, including a BL-250 laser, scanner, and optics, will be installed in CDME's powder bed fusion system. This collaboration aims to showcase the advantages of blue lasers in additive manufacturing, enabling direct comparisons with existing techniques.

The partnership comes as the global additive manufacturing market is expected to grow from $21.58 billion in 2024 to $110.13 billion by 2033, with a CAGR of 19.85%. This growth is driven by advancements in 3D printing technologies, innovative materials, government initiatives, and R&D projects. The installation at CDME will allow for contract development and exploration of new material innovations using NUBURU's blue laser technology.

Positive

• Partnership with Ohio State University's CDME to showcase blue laser technology in additive manufacturing
• Installation of BlueScan solution in CDME's powder bed fusion system
• Potential for increased productivity and quality in powder bed fusion applications
• Opportunity for third-party collaborations and contract development at CDME

Negative

• None.

Technology Analyst

NUBURU's partnership with CDME at Ohio State University marks a significant step in advancing blue laser technology for additive manufacturing. The installation of NUBURU's BlueScan solution in CDME's powder bed fusion system opens up new possibilities for enhancing productivity and quality in this field.

The improved beam quality of the BL Series lasers addresses a important technical challenge, potentially leading to more precise and efficient 3D printing processes. This collaboration could accelerate the adoption of blue laser technology in industrial applications, particularly in sectors requiring high-precision manufacturing such as aerospace and medical devices.

With the global additive manufacturing market projected to grow at a CAGR of 19.85% from 2024 to 2033, NUBURU is positioning itself at the forefront of this expanding industry. The partnership with a respected institution like Ohio State University adds credibility to their technology and could attract interest from other research centers and industrial partners.

Market Research Analyst

The collaboration between NUBURU and CDME is strategically timed, aligning with the projected growth of the additive manufacturing market. With the market expected to reach $110.13 billion by 2033, NUBURU is tapping into a high-growth sector. This partnership could enhance NUBURU's market position and potentially lead to increased adoption of their blue laser technology in industrial applications.

The availability of NUBURU's technology at CDME for contract development creates opportunities for third-party collaborations. This could accelerate innovation in material science and manufacturing processes, potentially leading to new revenue streams for NUBURU through licensing or partnerships.

However, investors should note that while the partnership is promising, the impact on NUBURU's financials may not be immediate. The true value of this collaboration will likely be realized in the medium to long term as research findings translate into commercial applications.

CENTENNIAL, Colo.--(BUSINESS WIRE)-- NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial blue laser technology, is excited to announce a partnership with the Center for Design and Manufacturing Excellence (CDME) at Ohio State University in Columbus, Ohio. The Company has received a purchase order for its advanced BlueScan solution, which includes a BL-250 laser, scanner, and optics. This cutting-edge technology will be installed within a powder bed fusion system at CDME's state-of-the-art development lab.

The advantages of blue lasers for enhancing additive manufacturing processes with both powder and wire have been well established. With the introduction of the BL Series, beam quality has improved significantly, facilitating seamless integration of the BL laser into powder bed fusion machines. The installation at CDME will enable direct comparisons with existing techniques, driving innovation and efficiency in the additive manufacturing landscape. Additionally, interested third parties can collaborate with CDME to guide this pioneering research.

Brian Knaley, CEO of NUBURU, stated: “CDME recognizes the transformative potential of blue lasers to significantly enhance productivity and quality in powder bed fusion applications. We are honored that CDME, a renowned center of excellence in additive processing, has chosen to integrate our BL products into their technology portfolio. This partnership comes at a time when the global additive manufacturing market size is poised to cross USD 21.58 billion in 2024 and is likely to attain a valuation of USD 110.13 billion by 2033. The additive manufacturing industry is projected to develop at a CAGR of 19.85% from 2024 to 2033, driven by advancements in 3D printing technologies, innovative AM materials, government initiatives, and R&D projects." (Source: Precedence Research)

John Middendorf, Director of Additive Manufacturing at CDME, added: “We are excited to build upon the work NUBURU has initiated and compare the characteristics of blue lasers against traditional infrared laser approaches. Once installed later this year, the system will be available for contract development, allowing us to explore new material innovations with NUBURU’s advanced blue laser technology.”

About CDME

The Ohio State University's Center for Design and Manufacturing Excellence (CDME) works with companies and researchers to translate new technologies into real-world, market-ready manufactured products. These projects give student employees at CDME hands-on experience integrating new technology while providing our customers the workforce advantage necessary to compete in a global marketplace. The center executes this innovative approach to technology translation and workforce development while shaping the national conversation on advanced manufacturing innovation. The CDME mission is to advance the manufacturing competitiveness of the United States and their vision is to improve national security by developing, demonstrating and deploying advanced manufacturing technologies.

About NUBURU

Founded in 2015, NUBURU, Inc. (NYSE American: BURU) is a developer and manufacturer of industrial blue lasers that leverage fundamental physics and their high-brightness, high-power design to produce faster, higher quality welds and parts than current lasers can provide in laser welding and additive manufacturing of copper, gold, aluminum, and other industrially essential metals. NUBURU's industrial blue lasers produce minimal to defect-free welds up to eight times faster than the traditional approaches — all with the flexibility inherent to laser processing. For more information, please visit www.NUBURU.net.

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including relating to its partnership with CDME. All statements other than statements of historical fact contained in this press release may be forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "seek," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. Forward-looking statements in this press release include, among other things: anticipated benefits associated with laser-based additive manufacturing. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by NUBURU and its management, are inherently uncertain and many factors may cause the Company's actual results to differ materially from current expectations which include, but are not limited to: (1) the ability to meet security exchange listing standards; (2) failure to achieve expectations regarding its product development and pipeline; (3) the inability to access sufficient capital to operate as anticipated, whether from Lincoln Park Capital Fund, LLC or other sources; (4) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (5) changes in applicable laws or regulations; (6) the possibility that NUBURU may be adversely affected by other economic, business and/or competitive factors; (7) volatility in the financial system and markets caused by geopolitical and economic factors; (8) failing to realize benefits from the partnership with CDME; and (9) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in NUBURU's most recent periodic report on Form 10-K or Form 10-Q and other documents filed with the Securities and Exchange Commission from time to time. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. NUBURU does not give any assurance that it will achieve its expected results. NUBURU assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240903781487/en/

Investor Contact Info:

NUBURU, Inc.

ir@nuburu.net

(720) 767-1400

Source: NUBURU, Inc.

FAQ

What is NUBURU's partnership with Ohio State University about?

NUBURU has partnered with Ohio State University's Center for Design and Manufacturing Excellence (CDME) to install its BlueScan solution, including a BL-250 laser, scanner, and optics, in CDME's powder bed fusion system. This partnership aims to showcase the advantages of blue lasers in additive manufacturing.

How is NUBURU (BURU) contributing to advancements in additive manufacturing?

NUBURU is contributing to advancements in additive manufacturing by providing its blue laser technology, which has shown advantages in enhancing productivity and quality in powder bed fusion applications. The installation at CDME will allow for direct comparisons with existing techniques and exploration of new material innovations.

What is the projected growth of the global additive manufacturing market according to the NUBURU press release?

According to the press release, the global additive manufacturing market is expected to grow from $21.58 billion in 2024 to $110.13 billion by 2033, with a projected CAGR of 19.85% from 2024 to 2033.

When will NUBURU's BlueScan solution be installed at Ohio State University's CDME?

The press release states that NUBURU's BlueScan solution will be installed at Ohio State University's CDME later this year, without specifying an exact date.