NUBURU Partners with CDME at Ohio State University to Showcase the Unique Advantages of Blue Wavelength Lasers in Additive Manufacturing
04 September 2024 - 10:00PM
Business Wire
NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU),
a leading innovator in high-power and high-brightness industrial
blue laser technology, is excited to announce a partnership with
the Center for Design and Manufacturing Excellence (CDME) at Ohio
State University in Columbus, Ohio. The Company has received a
purchase order for its advanced BlueScan solution, which includes a
BL-250 laser, scanner, and optics. This cutting-edge technology
will be installed within a powder bed fusion system at CDME's
state-of-the-art development lab.
The advantages of blue lasers for enhancing additive
manufacturing processes with both powder and wire have been well
established. With the introduction of the BL Series, beam quality
has improved significantly, facilitating seamless integration of
the BL laser into powder bed fusion machines. The installation at
CDME will enable direct comparisons with existing techniques,
driving innovation and efficiency in the additive manufacturing
landscape. Additionally, interested third parties can collaborate
with CDME to guide this pioneering research.
Brian Knaley, CEO of NUBURU, stated: “CDME recognizes the
transformative potential of blue lasers to significantly enhance
productivity and quality in powder bed fusion applications. We are
honored that CDME, a renowned center of excellence in additive
processing, has chosen to integrate our BL products into their
technology portfolio. This partnership comes at a time when the
global additive manufacturing market size is poised to cross USD
21.58 billion in 2024 and is likely to attain a valuation of USD
110.13 billion by 2033. The additive manufacturing industry is
projected to develop at a CAGR of 19.85% from 2024 to 2033, driven
by advancements in 3D printing technologies, innovative AM
materials, government initiatives, and R&D projects." (Source:
Precedence Research)
John Middendorf, Director of Additive Manufacturing at CDME,
added: “We are excited to build upon the work NUBURU has initiated
and compare the characteristics of blue lasers against traditional
infrared laser approaches. Once installed later this year, the
system will be available for contract development, allowing us to
explore new material innovations with NUBURU’s advanced blue laser
technology.”
About CDME
The Ohio State University's Center for Design and Manufacturing
Excellence (CDME) works with companies and researchers to translate
new technologies into real-world, market-ready manufactured
products. These projects give student employees at CDME hands-on
experience integrating new technology while providing our customers
the workforce advantage necessary to compete in a global
marketplace. The center executes this innovative approach to
technology translation and workforce development while shaping the
national conversation on advanced manufacturing innovation. The
CDME mission is to advance the manufacturing competitiveness of the
United States and their vision is to improve national security by
developing, demonstrating and deploying advanced manufacturing
technologies.
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 essential metals. NUBURU's
industrial blue lasers produce minimal to defect-free welds 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.
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 CDME.
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. Forward-looking
statements in this press release include, among other things:
anticipated benefits associated with laser-based additive
manufacturing. 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 meet security exchange
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 CDME; 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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Investor Contact Info: NUBURU, Inc. ir@nuburu.net (720)
767-1400
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