ARCEMY® Unit delivered to ST Engineering in Singapore
Highlights
- AML3D delivers first Arcemy® 3D printing module to ST Engineering in Singapore
- Agreement gives AML3D access to the Arcemy® module to manufacture components for new customers throughout Asia
AML3D Limited (ASX: AL3) (“AML3D” or “the Company”) is pleased to announce the successful delivery of its first Arcemy® 3D printing module (figure 1) to ST Engineering in Singapore (“ST”) under a ‘rent to buy’ agreement.
The Arcemy® 3D printing module supplied to ST is designed and built to minimise commissioning time before being able to produce commercially (this process is expected to be complete during June 2020). Once commissioned, the stand-alone module will provide ST Engineering with enhanced manufacturing capabilities capable of delivering custom components promptly with superior strength.
The ‘rent to buy’ agreement with ST gives AML3D the right to use 50% of the Arcemy® module’s capacity through the ‘rent’ period. The total value of the agreement with ST Engineering remains commercial in confidence and is structured to reflect the shared use of the module. Access to the module is of great benefit to AML3D, providing the capability to manufacture components for customers throughout Asia before the establishment of its planned Singapore facility.
ST Engineering is one of Asia’s leading defence and engineering groups, providing AML3D with a strong foundation to establish and grow operations within the region.
Figure 1: Arcemy® module supplied to ST
AML3D’s Managing Director, Andrew Sales, commented:
“The delivery of our first Arcemy® module is a significant milestone in the commercialisation pathway of AML3D. Partnering with ST Engineering after successfully passing their due-diligence process provides a high degree of industry validation for our technology and allows us to demonstrate our capacity to quickly provide commercial outcomes in ‘off site’ environments outside our own manufacturing facility.
About ST Engineering Limited
Singapore Technologies Engineering Ltd (SGX:S63) is a Singapore listed technology, defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors. ST Engineering is one of the largest groups listed on the SGX with a market capitalisation in excess of A$10bn and reported revenue of $7.86b in FY2019, making it one of Asia’s largest defence and engineering groups.
This announcement has been authorised for release by the Board of AML3D.
Source: AL3 ASX – Delivery of Arcemy Unit. (PDF) MEDIA RELEASE
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.