NUBURU and GE Additive Sign Joint Development Agreement
01 Junho 2023 - 9:30AM
Business Wire
Agreement aims to explore commercial
opportunities using NUBURU’s proprietary Blue Laser technology and
GE Additive’s machine and system expertise, with the goal of
continuing to improve speed and accuracy for laser-based additive
manufacturing.
NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU),
a leading innovator in high-power and high-brightness industrial
blue laser technology, today announced that it has signed a joint
technology agreement with GE Additive, to explore the speed,
accuracy, and commercial benefits of blue laser-based metal 3D
printing.
“As we continue to advance our proprietary blue laser
technology, we have further increased both power and brightness to
open up new applications,” said Dr. Mark Zediker, CEO and
co-founder of NUBURU. “We’ve achieved key performance milestones
that open new possibilities for significant advances in metal 3D
printing. Working with GE Additive, and their expertise in metal
additive manufacturing, will allow us to rapidly optimize our
innovative area printing approach. That will accelerate the further
expansion of our pioneering blue laser into innovative metal 3D
printing solutions which have the potential to change the landscape
of military logistics; aerospace manufacturing; medical device
fabrication, and beyond.”
“As an industry leader in metal 3D printing and having been on
the leading edge of qualifying parts in regulated industries, we’re
excited to evaluate NUBURU blue industrial laser technology and its
benefits,” said Chris Schuppe, General Manager, Engineering &
Technology of GE Additive.
NUBURU’s novel approach to additive manufacturing is built on
the foundation of blue light absorption by metals, a fundamental
physical advantage that offers the highest efficiency laser-based
melting for a wide range of industrially important metals.
Combining the blue laser module with an innovative optical
conditioning system, the NUBURU light engine is at the heart of the
expected performance improvements. GE Additive will provide a
powder bed system and expertise in the integration and
characterization of this next generation prototype light engine, to
quantify the performance improvements over existing technology.
This joint development agreement is in addition to an agreement
with GE Additive to support NUBURU’s previously announced AFWERX
Small Business Innovation Research (SBIR) Phase II contract awarded
to NUBURU in 2022.
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 important metals. NUBURU’s
industrial blue lasers produce minimal to defect-free welds that
are 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.
About GE Additive
GE Additive – part of GE (NYSE: GE) is a world leader in metal
additive design and manufacturing, a pioneering process that has
the power and potential to transform businesses. Through our
integrated offering of additive experts, advanced machines, and
quality powders, we empower our customers to build innovative new
products. Products that solve manufacturing challenges, improve
business outcomes, and help change the world for the better. GE
Additive offers Direct Metal Laser Melting, Electron Beam Melting
and Binder Jet metal additive technologies, as well as AddWorks™
consulting services, software and metal powders.
www.ge.com/additive.
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 GE
Additive. 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. 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 continue to meet the security exchange’s 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 GE Additive; 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.
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NUBURU – Investor Relations and Media Contact
ir@nuburu.net
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