Acceleration of entry into Aerospace

Sep 20, 2022 | Company News, Press release

Expanded Boeing contract and AS9100D accreditation progress accelerates entry into Aerospace & Defence markets.
Highlights
  • Boeing expands the scope of the initial Aluminium test components purchase contract, announced in July 2022, to include the next phase of 3D metal printed aeroplane parts.
  • Expanded contract further embeds commercial relationship with Boeing, building upon June 2021 tooling component order and March 2022 facilities inspection.
  • Solid progress in achieving Aerospace Quality Management System – AS9100D:2016 Accreditation.
  • Expanding the Boeing relationship and AS9100D Accreditation aligns with AML3D’s multiphase growth strategy targeting the Aerospace, Commercial and Defence sectors.

AL3D Limited (ASX:AL3) (“AML3D” or “the Company“) is pleased to announce that the Company continues to develop its strategically important relationship with the Boeing Company (NYSE:BA) (Boeing) by agreeing to an expanded scope for the supply of 3D printed components.  Boeing has updated the scope of the July 2022 purchase contract to include the next phase of Aluminium test parts in the form of prototype components. This has significantly increased the value of the July contract by an additional 150%. The decision to expand the scope of the order follows an initial contract with Boeing in June 2021 to supply a 3D printed tooling component, which was followed by Boeing’s Director of Additive Manufacturing inspecting AML3D’s facilities in March 2022 and a second purchase contract for $140,000 (AUD) for structural Aluminium test parts in July 2022.

Commenting on the new purchase contract from Boeing, AML3D Managing Director, Mr Andrew Sales, said:

 This expanded purchase contract with Boeing demonstrates the growing momentum in our commercial relationship with one of the world’s largest aerospace companies. AML3D has already demonstrated to Boeing that our proprietary WAM® 3D metal printing technology produces high quality parts on time and to specification. The expanded purchase contract is strategically important as it moves AML3D towards being embedded into Boeing’s supply chain, which aligns with the delivery of our growth targets for the Aerospace sector.

The expanded purchase contract with Boeing adds additional momentum to AML3D’s strategic push into the Aerospace and Defence sectors. Boeing is a leading global aerospace company that develops, manufactures and services commercial aeroplanes, defence products and space systems for customers in more than 150 countries. Boeing leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact.

AML3D’s expansion into the Aerospace and Defence sectors is underpinned by progress towards the implementation of the Aerospace Quality Management System, AS9100D:2016 Accreditation. AS9100D:2016 will enable the company to manufacture ‘fly parts’ for use in aircraft, and when fully implemented, AML3D will be only the second 3D wire feedstock additive manufacturing company in the world to achieve the standard.

The expanded purchase agreement with Boeing is on standard commercial terms. The supply of the next phase of test parts and structural components represents continued progress towards additional, more extensive programs in the near future.

This announcement has been authorised for release by the Board of AML3D.

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About AML3D

AML3D Limited, a publicly listed technology company founded in 2014, utilises new technologies to pioneer and lead metal additive manufacturing globally. Disrupting the traditional manufacturing space, AML3D has developed and patented a Wire Additive Manufacturing (WAM®) process that metal 3D prints commercial, large-scale parts for Aerospace, Defence, Maritime, Manufacturing, Mining and Oil & Gas. AML3D provides parts contract manufacturing from its Technology Centre in Adelaide, Australia, and is the OEM of ARCEMY®, an industrial metal 3D printing system that combines IIoT and Industry 4.0 to enable manufacturers to become globally competitive.