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AML3D (ASX:AL3) and Lightforce look to produce next-gen titanium body armour

Industrial
ASX:AL3      MCAP $14.60M
29 July 2020 14:47 (AEST)
AML3D (ASX:AL3) - Managing Director, Andrew Sales

Source: Adelaide Now

AML3D (AL3) has completed phase one testing of next-generation titanium body armour with partner, Lightforce Australia.

Lightforce Australia develops and manufactures defence solutions in Australia and the United States.

The completion of phase two testing allows the companies to proceed to the next stages of product development under the terms of a memorandum of understanding agreement.

AML3D is utilising its Wire Additive Manufacturing (WAM) technology which can produce variable, made-to-fit components and plates. This is a function that isn’t possible when using traditional subtractive techniques such as forging and casting.

WAM-produced titanium body armour can potentially provide enhanced strength and reduced weight. This results in significantly high, if not the highest, degree of protection for people within the defence and law enforcement industries.

According to AML3D, this would be a world-first offering in an industry expected to exceed US$3 billion (roughly A$4.1 billion) by 2025.

Once the overall product development program has been completed, Lightforce and AML3D will look to formalise a commercial manufacturing agreement.

Company shares are up 21.4 per cent on the back of today’s news and are trading for 25.5 cents each at 2:16 pm AEST.

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