Excellent results from Next-Gen body armour testing for Lightforce.
Highlights
- Phase One testing of next-generation customised personal body armour with Lightforce Australia completed
- Lightforce is a developer and manufacturer of defence solutions with operations in Australia and the United States
- WAM® produced body armour provides an enhanced fit with reduced weight and greater strength
- Body armour market is expected to exceed US$3.0bn by 2025[1]
AML3D Limited (ASX: AL3) (“AML3D” or “the Company”) is pleased to announce excellent first stage product testing progress with Lightforce Australia Pty Ltd (“Lightforce”) for the development of next-generation ‘made-to-fit’ titanium body armour.
This allows both groups to move forward with the next stages of product development trials under the terms of a Memorandum of Understanding (“MOU”) between the groups. These successful tests have significantly increased the materiality of the MOU to AML3D given both groups now have a clear path towards product development.
AML3D is an ideal partner for Lightforce given the advanced capabilities of AML3D’s Wire Additive Manufacturing (WAM®) technology. WAM® possesses the ability to produce variable, made-to-fit, components and plates rapidly, a function not possible using traditional subtractive techniques (forging, casting).
WAM® produced titanium body armour has the potential to provide enhanced strength and reduced weight, resulting in the highest degree of protection for defence and law enforcement personnel.
This truly disruptive concept would be a world-first offering in an industry expected to exceed US$3.0bn by 2025 (CAGR of 5.5%)[1]. Progression to commercialisation has the potential to result in significant contract manufacturing revenues for AML3D as the product is adopted throughout Lightforce’s established customer base.
Upon the successful completion of the entire product development program, AML3D and Lightforce will look to formalise a commercial contract manufacturing agreement.
This announcement has been authorised for release by the Board of AML3D.
Source: AML3D signs MoU with Lightforce (PDF) COMPANY NEWS, PRESS RELEASE
Source: [1] – Grand View Research.com – Global Body Armour Market (URL) PRESS 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.