Velo3D, Inc. (NYSE: VLD) experienced a significant downturn in its stock value during Monday’s trading session following the revelation of insider selling activities. The shares of Velo3D witnessed a decline of 10.36%, settling at $0.5728 by the session’s end. This downturn was instigated by the sale of 22,000 VLD shares by the company’s CEO, Benyamin Buller, at an average price of $0.82, resulting in gross proceeds of $19,827.
In recent developments, VLD successfully introduced its Sapphire line of 3D printers, which notably achieved the U.S. Department of Defense’s (DoD) Green-level STIG (Security Technical Implementation Guide) Compliance. This prestigious certification enables the integration of Sapphire printers with the DoD’s Secret Internet Protocol Router Network (SIPRNet) and assures customers that these metal 3D printers are fortified against potential cyber threats.
Moreover, With Velo3D’s additive manufacturing technology, all customers, including DoD and other government agencies, can fully utilize the capabilities without worrying about intellectual property theft. The meticulous qualification process involved collaboration with a third-party entity to produce compliance, vulnerability, and remediation reports for Sapphire printers, aligning with established security benchmarks.
The testing affirms that all Velo3D printers, including Sapphire, Sapphire 1MZ, Sapphire XC, and Sapphire XC 1MZ, deliver unparalleled network, data, and software security, along with robust vulnerability management, thereby minimizing the risk of security breaches. Test results underscore Velo3D’s exemplary performance, achieving an average score of 97%, surpassing the DoD’s stipulated threshold of 90% necessary for Green-level STIG compliance—the highest attainable level.
Furthermore, besides being SIPRNet-ready, Velo3D’s Sapphire printers are now capable of connecting to the DoD’s Non-classified Internet Protocol Router Network (NIPRNet). STIG compliance is imperative for DoD agencies, contractors, and other federal government branches connecting to both networks.
This compliance streamlines the acquisition process for defense contractors and agencies seeking to purchase Sapphire printers, eliminating the need for exceptions and other approvals required for non-compliant printers. Existing Velo3D customers can seamlessly upgrade their current Sapphire printers to achieve STIG Green-level security.
