{"id":753673,"date":"2023-05-02T10:25:05","date_gmt":"2023-05-02T14:25:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/velo3d-and-pwr-advanced-cooling-technology-partner-to-support-formula-1-customers-by-qualifying-aheadd-cp1-aluminum-for-use-in-sapphire-printers\/"},"modified":"2023-05-02T10:25:05","modified_gmt":"2023-05-02T14:25:05","slug":"velo3d-and-pwr-advanced-cooling-technology-partner-to-support-formula-1-customers-by-qualifying-aheadd-cp1-aluminum-for-use-in-sapphire-printers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/velo3d-and-pwr-advanced-cooling-technology-partner-to-support-formula-1-customers-by-qualifying-aheadd-cp1-aluminum-for-use-in-sapphire-printers\/","title":{"rendered":"Velo3D and PWR Advanced Cooling Technology Partner to Support Formula 1 Customers by Qualifying Aheadd\u00ae CP1 Aluminum for Use in Sapphire Printers"},"content":{"rendered":"

<\/p>\n

Velo3D and PWR Advanced Cooling Technology Partner to Support Formula 1 Customers by Qualifying Aheadd\u00ae<\/sup> CP1 Aluminum for Use in Sapphire Printers<\/b><\/p>\n

New Aluminum Alloy Enables the Production of Parts Requiring High Thermal Conductivity and Durability, Will be Available to Print in Both 50 and 100 Micron Layers<\/i><\/p>\n

ORMEAU, Australia–(BUSINESS WIRE<\/a>)–Velo3D<\/a>, Inc. (NYSE: VLD<\/a>), a leading metal additive manufacturing technology company for mission-critical parts, and PWR Advanced Cooling Technology<\/a> have partnered to qualify Aheadd\u00ae<\/sup><\/b> CP1, an aluminum alloy developed by Constellium<\/a>, for use in Sapphire printers. PWR will use the alloy to manufacture highly efficient, compact, and lightweight heat exchangers for Formula 1 along with a variety of other components for their high-performance customers. In addition to the standard 50-micron layer thickness that all of Velo3D\u2019s printers use, Aheadd\u00ae<\/sup><\/b> CP1 is also being qualified to print in 100-micron layers, providing customers with a balance between finished part performance and system throughput.<\/p>\n

F\u00e9d\u00e9ration Internationale de l’Automobile (FIA)<\/a>, the governing body over Formula 1 and other global motorsports, recently approved the Aheadd\u00ae<\/sup><\/b> CP1 alloy for use in Formula 1 cars beginning in the 2024 season. This effort was largely driven by PWR\u2014who works with many professional motorsports teams to provide them with finished, tested, ready-to-use heat exchangers\u2014and its customers.<\/p>\n

\n\u201cOur team is committed to listening to customers and enhancing our technology to meet their needs, so when PWR came to us with a challenge of qualifying a new alloy with a first-of-its-kind parameter set, we were thrilled to partner with them on the project,\u201d said Dr. Zachary Detweiler, Velo3D Vice President of Technology. \u201cAheadd\u00ae<\/sup><\/b> CP1 is the first alloy qualified in our Augsburg, Germany European Technology Center. Our American and European teams are both adept at creating scalable solutions for metal AM materials and we encourage companies who need customized material development for their applications to contact us about their specific requirements.\u201d<\/p>\n

\nFor more than 2 decades, PWR has provided its customers in F1, NASCAR, V8 Supercars, Deutsche Tourenwagen Masters, and other motorsport categories with quality, high-performance aluminum radiators, intercoolers, oil coolers, and other finished parts. It also services customers in the energy, defense, and aerospace industries. The company is AS9100D and ISO 14001 certified, ITAR compliant, and has secured Nadcap accreditations for its chemical processing and heat-treating services.<\/p>\n

\n\u201cAheadd\u00ae<\/sup><\/b> CP1 is a fantastic addition to our additive manufacturing services and Velo3D\u2019s unparalleled print capabilities coupled with PWR\u2019s brazed fin technology creates a unique performance differentiator for our customers,\u201d said Mark Booker, PWR Technical Project Manager. \u201cOur goal is to give our racing customers an unfair advantage on the track and we look forward to seeing these teams win using new parts manufactured by PWR.\u201d<\/p>\n

\nAheadd\u00ae<\/sup><\/b> CP1 is an aluminum, zirconium, iron alloy that is specially designed for laser powder bed fusion printers, like Velo3D\u2019s Sapphire family of printers. It is thermally stable up to 300 degrees Celsius, provides excellent corrosion resistance, is highly isotropic, and printed parts have excellent surface finish and stable microstructures. Learn more about the Aheadd\u00ae<\/sup><\/b> CP1 alloy on Constellium\u2019s website<\/a>. To learn more about PWR\u2019s manufacturing capabilities visit pwr.com.au<\/a>.<\/p>\n

About Velo3D:<\/b><\/p>\n

\nVelo3D is a metal 3D printing technology company. 3D printing\u2014also known as additive manufacturing (AM)\u2014has 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.<\/p>\n

\nVelo3D has overcome these limitations so engineers can design and print the parts they want. The company\u2019s 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\u2014all of which are powered by Velo3D\u2019s Intelligent Fusion manufacturing process. The company delivered its first Sapphire system in 2018 and has been a strategic partner to innovators such as SpaceX, Honeywell, Honda, Chromalloy, and Lam Research. Velo3D has been named to San Francisco Chronicle\u2019s prestigious annual list of Top Workplaces in the Bay Area 2022<\/a>. For more information, please visit Velo3D.com<\/a>, or follow the company on LinkedIn<\/a> or Twitter<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release includes \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1996. The Company\u2019s 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 \u201cexpect\u201d, \u201cestimate\u201d, \u201cproject\u201d, \u201cbudget\u201d, \u201cforecast\u201d, \u201canticipate\u201d, \u201cintend\u201d, \u201cplan\u201d, \u201cmay\u201d, \u201cwill\u201d, \u201ccould\u201d, \u201cshould\u201d, \u201cbelieves\u201d, \u201cpredicts\u201d, \u201cpotential\u201d, \u201ccontinue\u201d, and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company\u2019s goals for 2023 and the Company\u2019s other expectations, hopes, 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\u2019s 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.<\/p>\n

\nVELO, VELO3D, SAPPHIRE, and INTELLIGENT FUSION, are registered trademarks of Velo3D, Inc.; and WITHOUT COMPROMISE, FLOW and ASSURE are trademarks of Velo3D, Inc. All Rights Reserved \u00a9 Velo3D, Inc.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230502005338\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n
<\/b>
Dan Sorensen, Senior Director of Public Relations
\n
press@velo3d.com
\n<\/a><\/p>\n

Investor Relations:
\n
<\/b>
Bob Okunski, VP Investor Relations
\n
investors@velo3d.com<\/a><\/p>\n

KEYWORDS:<\/b> California Australia\/Oceania Australia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Performance & Special Interest Machinery Hardware Machine Tools, Metalworking & Metallurgy General Automotive Aftermarket Technology Automotive Semiconductor Engineering Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Velo3D and PWR Advanced Cooling Technology Partner to Support Formula 1 Customers by Qualifying Aheadd\u00ae CP1 Aluminum for Use in Sapphire Printers New Aluminum Alloy Enables the Production of Parts Requiring High Thermal Conductivity and Durability, Will be Available to Print in Both 50 and 100 Micron Layers ORMEAU, Australia–(BUSINESS WIRE)–Velo3D, Inc. (NYSE: VLD), a leading metal additive manufacturing technology company for mission-critical parts, and PWR Advanced Cooling Technology have partnered to qualify Aheadd\u00ae CP1, an aluminum alloy developed by Constellium, for use in Sapphire printers. PWR will use the alloy to manufacture highly efficient, compact, and lightweight heat exchangers for Formula 1 along with a variety of other components for their high-performance customers. In addition to the standard 50-micron … <\/p>\n

Continue reading “Velo3D and PWR Advanced Cooling Technology Partner to Support Formula 1 Customers by Qualifying Aheadd\u00ae CP1 Aluminum for Use in Sapphire Printers”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-753673","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVelo3D and PWR Advanced Cooling Technology Partner to Support Formula 1 Customers by Qualifying Aheadd\u00ae CP1 Aluminum for Use in Sapphire Printers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/velo3d-and-pwr-advanced-cooling-technology-partner-to-support-formula-1-customers-by-qualifying-aheadd-cp1-aluminum-for-use-in-sapphire-printers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Velo3D and PWR Advanced Cooling Technology Partner to Support Formula 1 Customers by Qualifying Aheadd\u00ae CP1 Aluminum for Use in Sapphire Printers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Velo3D and PWR Advanced Cooling Technology Partner to Support Formula 1 Customers by Qualifying Aheadd\u00ae CP1 Aluminum for Use in Sapphire Printers New Aluminum Alloy Enables the Production of Parts Requiring High Thermal Conductivity and Durability, Will be Available to Print in Both 50 and 100 Micron Layers ORMEAU, Australia–(BUSINESS WIRE)–Velo3D, Inc. (NYSE: VLD), a leading metal additive manufacturing technology company for mission-critical parts, and PWR Advanced Cooling Technology have partnered to qualify Aheadd\u00ae CP1, an aluminum alloy developed by Constellium, for use in Sapphire printers. PWR will use the alloy to manufacture highly efficient, compact, and lightweight heat exchangers for Formula 1 along with a variety of other components for their high-performance customers. 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(NYSE: VLD), a leading metal additive manufacturing technology company for mission-critical parts, and PWR Advanced Cooling Technology have partnered to qualify Aheadd\u00ae CP1, an aluminum alloy developed by Constellium, for use in Sapphire printers. PWR will use the alloy to manufacture highly efficient, compact, and lightweight heat exchangers for Formula 1 along with a variety of other components for their high-performance customers. 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