CENTENNIAL, Colo.--(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.
