ARCEMY® ‘X-EDITION 6700’ ordered for the US NAVY’s Center of Excellence
Highlights
- AUD$1.1 million[1] order for an ARCEMY® ‘X-Edition 6700’, received from AML3D’s value added reseller, Phillips Corporation
- The ARCEMY® ‘X-Edition 6700’, AML3D’s largest ARCEMY® system, is for use at the US Navy’s Center of Excellence in Danville, Virginia
- The deal demonstrates continuing success of AML3D’s strategy to focus on ARCEMY® systems sales to the US maritime and defence sectors
AML3D Limited (ASX: AL3) (“AML3D” or “the Company“) is pleased to announce the sale of an industrial-scale ARCEMY® ‘X-Edition 6700’ Wire Arc Additive Manufacturing (WAAM) metal 3D printing system (ARCEMY® X) to be located at the US Navy’s Additive Manufacturing Center of Excellence (AM CoE) in Danville, Va.
The order, received from AML3D’s value added reseller Philips Corporation, for AML3D’s largest ARCEMY® metal 3D printing unit, is valued at approximately AUD$1.1 million1 (US$771,686). Installation is anticipated to be completed early in 2024, with payment made in stages, being partly upfront and then upon meeting delivery and installation milestones.
Phillips Corporation are sourcing the ARCEMY® X to contribute to the establishment of a US Navy supply chain and industrial base that is resilient, competitive, and sustainable. Specifically, the US Navy’s AM CoE is working to rapidly adopt advanced manufacturing technologies to drive innovation and competitiveness within a sovereign defence and submarine industrial base.
This order for a second ARCEMY® X, for use by the US Navy, follows the supply of an ARCEMY® X in February 2023[2] to accelerate use of advanced additive manufacturing technologies across the US defence industrial base. This sale further strengthens the US Navy’s on-demand manufacturing capabilities and demonstrates their confidence in AML3D’s technology.
AML3D Interim CEO Sean Ebert said:
We are extremely pleased the US Navy has purchased this ARCEMY® ‘X-Edition 6700’ system, demonstrating their confidence in our technology and is a validation of our strategic focus on delivering ARCEMY® systems to the US maritime and defence industries.
This follows the order, for the US Department of Defence, of an ARCEMY® X early this year and further cements our strategic partnership with the US Navy. Our collaboration with Phillips Corp has been invaluable in expanding our presence in the US market and securing this order. We continue to actively engage with our partners to further deepen our presence in the US defence and federal sectors, which will drive further growth in sales into that sector.
This announcement has been authorised for release by the Board of AML3D.
[1] Calculated using an AU$ to US$ exchange rate, as at 19/07/2023, of 0.68
[2] AML3D Limited, AML3D Enters US Defence Industry with ARCEMY Sale, 1 February 2023
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.