Velo3D has announced plans to significantly increase its manufacturing capacity through the development of a new facility in Livermore, California. The company revealed on Tuesday that it is constructing a 289,000-square-foot advanced manufacturing campus in the city. Livermore is located approximately 6 miles east of Pleasanton.
The new site, designated as the Livermore Production Campus, is intended to serve as a major hub for the company's operations. According to the announcement, the facility is scheduled to begin operations later this year. The expansion marks a substantial step in the company's growth strategy, providing additional space for its manufacturing activities.
The specific details regarding the timeline for construction phases or the exact number of jobs that will be created at the new site were not provided in the initial announcement. Similarly, the specific types of products that will be manufactured at the new campus were not detailed. The company stated that the facility will support its advanced manufacturing processes, but further information on the technical specifications or operational scope remains unclear.
Velo3D, which trades under the ticker symbol VELO, indicated that the new campus will play a central role in its future production efforts. The company did not disclose the financial cost of the project or the specific location within Livermore where the campus will be built. More information about the facility's development and its impact on local operations is expected to be shared as the project progresses.
