NUBURU and GE Additive Sign Joint Development Agreement

Jan 23, 2024

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.

CENTENNIAL, Colo., June 01, 2023--(BUSINESS WIRE)--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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230601005343/en/

Contacts

NUBURU – Investor Relations and Media Contact [email protected]

Related Quotes