AML3D expands Australian Defence capabilities with marine test parts contract
Highlights
- AML3D to provide test components to Australian Government defence agency to evaluate suitability for marine purposes.
- Test components will be manufactured using Nickel Aluminium Bronze and a high strength steel alloy.
- Contract is aligned with AML3D’s strategic objective to diversify into additional marine defence markets to complement strong US growth.
AML3D Limited (ASX: AL3) ("AML3D" or "the Company") is pleased to announce it has signed a contract with the Australian Government Defence Science and Technology Group (‘DSTG’) to provide components for testing in marine applications. The A$0.24 million contract requires AML3D to 3D metal print two representative marine components using a Nickel Aluminium Bronze (“NAB’) alloy and high strength duplex steel alloy. Manufacturing of the test components will commence immediately at AML3D’s facility in Adelaide for delivery during FY24.
The contract demonstrates AML3D’s continuing success in diversifying into additional global defence markets, to complement the strong US growth. The company’s US ‘Scale up’ strategy secured close to A$12 million of contracts1 in CY2023, with a particular focus on supporting the US Navy’s submarine industrial base. AML3D is leveraging its US playbook to accelerate entry into additional defence markets to meet growing demand for advanced manufacturing solutions.
AML3D CEO Sean Ebert said,
It is very exciting to be directly supplying test NAB and Duplex steel components to the DSTG, which is tasked with assessing the best of Australian science, technology and innovation to address Australia’s Defence and national security challenges. AML3D’s WAM® manufactured NAB and duplex steel has passed multiple rounds of marine defence testing in the US and here at home. This gives us confidence we will meet the DSTG requirements, creating opportunities for significant new contracts.
AML3D demonstrating the value of our advanced WAM® technology for Australian marine defence applications aligns with strategic objective of continuing to expand into defence markets that display the same strong demand signals underpinning our US success.
This announcement has been authorised for release by the Board of AML3D.
Source: AML3D Expands Australian Defence Capabilities with Marine Test Parts Contract, PDF
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.