FREMONT, Calif. - Velo3D, Inc. (NASDAQ:VELO) announced today the appointment of Lily Mei as an independent member of its board of directors.
Mei currently serves as Executive Director of Emerging City Leaders Institute for Partnership & Strategic Empowerment at San Francisco Bay University, a position she has held since June 2025. She served as Mayor of Fremont, California, from December 2016 to December 2024, after serving as Vice Mayor and City Councilmember beginning in 2014. She previously served as an elected Trustee and Board President of the Fremont Unified School District.
Her private-sector experience includes serving as Executive Director of the Alliance for Gray Market and Counterfeit Abatement and holding leadership positions at 3Com Corporation.
"Lily brings a rare blend of leadership experience in both the public and private sectors, along with a proven ability to build strong partnerships that drive innovation and economic growth," said Arun Jeldi, Chief Executive Officer of Velo3D, according to a press release statement.
Mei holds a Bachelor of Science in Business from Drexel University.
Velo3D describes itself as a metal 3D printing technology company serving aerospace and defense industries. The company’s products include Flow print preparation software, the Sapphire family of printers, and the Assure quality control system.The company, with a market capitalization of $675.9 million, has seen its stock surge approximately 183% over the past year. According to InvestingPro, which offers 14 additional exclusive tips for VELO, analysts anticipate 39% revenue growth in the current year as the company expands its presence in the aerospace sector.
In other recent news, Velo3D Inc. reported strong financial results for the first quarter of 2026, showcasing a 48% year-over-year increase in revenue. This growth was attributed to higher average selling prices, increased system sales, and significant contributions from its Rapid Production Solutions segment. In addition, Velo3D announced a strategic partnership with Aurelia Technologies to enhance additive manufacturing in gas turbine systems. The collaboration will involve a phased program focusing on component feasibility, material and process development, and progression toward qualification using Velo3D’s Sapphire XC platform. These developments reflect Velo3D’s ongoing efforts to expand its technological capabilities and market reach. The company’s recent financial performance and strategic initiatives have drawn attention from investors and industry analysts. Analyst firms have noted these advancements as positive steps for the company’s future growth.
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