Velo3D Announces Five-Year Master Service Agreement Valued at $15 Million with Momentus, Inc.
Velo3D (OTC: VLDX) has secured a five-year, $15 million master services agreement with Momentus (NASDAQ: MNTS). The partnership centers on Velo3D's new Rapid Production Solutions (RPS) offering, through which the company will provide consulting and parts production services.
The agreement involves Momentus issuing a combination of common stock and convertible preferred stock for services, with Velo3D's ownership capped at 9.99% of Momentus's outstanding common stock. The RPS offering focuses on three key areas: accelerating production pathways through application-specific solutions, ensuring consistent high-quality parts through integrated metrology and process control tools, and providing flexible production supply chains through multiple pathways including vertical integration, contract manufacturing partnerships, and access to Velo3D's production cells.
Velo3D (OTC: VLDX) ha ottenuto un contratto di servizi master di cinque anni del valore di 15 milioni di dollari con Momentus (NASDAQ: MNTS). La partnership si concentra sulla nuova offerta di Rapid Production Solutions (RPS) di Velo3D, attraverso la quale l'azienda fornirà servizi di consulenza e produzione di parti.
Il contratto prevede che Momentus emetta una combinazione di azioni ordinarie e azioni privilegiate convertibili per i servizi, con la proprietà di Velo3D limitata al 9,99% delle azioni ordinarie in circolazione di Momentus. L'offerta RPS si focalizza su tre aree chiave: accelerare i percorsi di produzione attraverso soluzioni specifiche per applicazioni, garantire parti di alta qualità costante attraverso strumenti integrati di metrologia e controllo del processo, e fornire catene di fornitura di produzione flessibili attraverso molteplici percorsi, inclusa l'integrazione verticale, partnership di produzione su contratto e accesso alle celle di produzione di Velo3D.
Velo3D (OTC: VLDX) ha asegurado un contrato maestro de servicios por cinco años por un valor de 15 millones de dólares con Momentus (NASDAQ: MNTS). La asociación se centra en la nueva oferta de Rapid Production Solutions (RPS) de Velo3D, a través de la cual la empresa proporcionará servicios de consultoría y producción de piezas.
El acuerdo implica que Momentus emita una combinación de acciones ordinarias y acciones preferentes convertibles por los servicios, con la propiedad de Velo3D limitada al 9,99% de las acciones ordinarias en circulación de Momentus. La oferta RPS se enfoca en tres áreas clave: acelerar los caminos de producción a través de soluciones específicas para aplicaciones, garantizar piezas de alta calidad de manera consistente mediante herramientas integradas de metrología y control de procesos, y proporcionar cadenas de suministro de producción flexibles a través de múltiples vías, incluyendo integración vertical, asociaciones de fabricación por contrato y acceso a las celdas de producción de Velo3D.
Velo3D (OTC: VLDX)는 Momentus (NASDAQ: MNTS)와 5년, 1500만 달러의 마스터 서비스 계약을 체결했습니다. 이 파트너십은 Velo3D의 새로운 Rapid Production Solutions (RPS) 제공에 중점을 두고 있으며, 이를 통해 회사는 컨설팅 및 부품 생산 서비스를 제공합니다.
계약에는 Momentus가 서비스에 대한 대가로 보통주와 전환 우선주의 조합을 발행하며, Velo3D의 소유권은 Momentus의 발행 보통주 9.99%로 제한됩니다. RPS 제공은 세 가지 주요 영역에 중점을 둡니다: 애플리케이션별 솔루션을 통한 생산 경로 가속화, 통합 측정 및 프로세스 제어 도구를 통한 일관된 고품질 부품 보장, 그리고 수직 통합, 계약 제조 파트너십 및 Velo3D의 생산 셀 접근을 포함한 여러 경로를 통한 유연한 생산 공급망 제공입니다.
Velo3D (OTC: VLDX) a obtenu un contrat de services principal de cinq ans d'une valeur de 15 millions de dollars avec Momentus (NASDAQ: MNTS). Ce partenariat se concentre sur la nouvelle offre de Rapid Production Solutions (RPS) de Velo3D, grâce à laquelle l'entreprise fournira des services de conseil et de production de pièces.
Le contrat implique que Momentus émette une combinaison d'actions ordinaires et d'actions privilégiées convertibles pour les services, avec une participation de Velo3D limitée à 9,99 % des actions ordinaires en circulation de Momentus. L'offre RPS se concentre sur trois domaines clés : accélérer les voies de production grâce à des solutions spécifiques aux applications, garantir des pièces de haute qualité de manière cohérente grâce à des outils intégrés de métrologie et de contrôle des processus, et fournir des chaînes d'approvisionnement de production flexibles par le biais de multiples voies, y compris l'intégration verticale, des partenariats de fabrication sous contrat et l'accès aux cellules de production de Velo3D.
Velo3D (OTC: VLDX) hat einen fünfjährigen 15 Millionen Dollar Master-Service-Vertrag mit Momentus (NASDAQ: MNTS) gesichert. Die Partnerschaft konzentriert sich auf das neue Angebot von Rapid Production Solutions (RPS) von Velo3D, durch das das Unternehmen Beratungs- und Teileproduktionsdienste bereitstellt.
Der Vertrag sieht vor, dass Momentus eine Kombination aus Stammaktien und wandelbaren Vorzugsaktien für die Dienstleistungen ausgibt, wobei der Anteil von Velo3D auf 9,99 % der ausstehenden Stammaktien von Momentus begrenzt ist. Das RPS-Angebot konzentriert sich auf drei Schlüsselbereiche: Beschleunigung der Produktionswege durch anwendungsspezifische Lösungen, Gewährleistung konsistent hochwertiger Teile durch integrierte Messtechnik und Prozesskontrollwerkzeuge sowie Bereitstellung flexibler Produktionslieferketten durch mehrere Wege, einschließlich vertikaler Integration, Vertragsfertigungspartnerschaften und Zugang zu den Produktionszellen von Velo3D.
- Secured $15 million five-year master services agreement
- Payment in Momentus stock provides equity upside potential
- New RPS offering expands service capabilities and revenue streams
- Strategic partnership enhances market position in aerospace sector
- Payment in stock rather than cash may impact immediate liquidity
- 9.99% ownership cap limits potential equity upside
- Success dependent on Momentus's stock performance and business execution
Insights
This $15 million Master Service Agreement represents a significant win for Velo3D, constituting approximately 43% of the company's current $35 million market capitalization. The deal's structure is particularly noteworthy - Velo3D receives payment in Momentus stock rather than cash, positioning them to potentially benefit from Momentus's future growth while delivering services.
For a company trading on the OTC markets, securing a five-year contract provides crucial revenue visibility and strategic stability. The 9.99% ownership cap suggests careful structuring to avoid triggering regulatory thresholds while maintaining meaningful equity exposure to Momentus.
This partnership serves dual purposes: it validates Velo3D's additive manufacturing technology in the demanding aerospace sector while showcasing their new Rapid Production Solutions offering. The RPS initiative appears strategically important, offering customers multiple pathways to incorporate Velo3D's technology - through vertical integration, contract manufacturing partnerships, or leveraging Velo3D's production capacity.
While the headline number averages to $3 million annually and the actual value depends on Momentus's stock performance, this agreement creates a foundation for potential recovery and additional business development opportunities in aerospace and defense markets.
Strategic Partnership to Leverage Velo3D's New Rapid Production Solutions Offering
"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
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 semiconductor 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 that offers commercial satellite buses and in-space infrastructure services including in-space transportation, hosted payloads, and other in-orbit services.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect", "estimate", "project", "budget", "forecast", "anticipate", "intend", "plan", "may", "will", "could", "should", "believes", "predicts", "potential", "continue", and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company's expectations regarding its performance, the Company's strategic realignment and initiatives, the Company's expectations regarding its liquidity and capital requirements, the Company's expectations regarding the timing of deferred orders, the Company's expectations regarding its potential cost savings, and the Company's other expectations, beliefs, intentions or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the SEC. 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. Most of these factors are outside the Company's control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
VELO, VELO3D, SAPPHIRE and INTELLIGENT FUSION, are registered trademarks of Velo3D, Inc.; and WITHOUT COMPROMISE, FLOW, FLOW DEVELOPER, and ASSURE are trademarks of Velo3D, Inc. All Rights Reserved © Velo3D, Inc.
For more information about Rapid Production Solutions, please visit velo3D.com
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SOURCE Velo3D, Inc.
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