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AML3D (ASX:AL3) awarded world’s first additive manufacturing facility accreditation

ASX News, Industrial
ASX:AL3      MCAP $15.07M
03 August 2022 13:00 (AEST)

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AML3D (AL3) has been awarded the world’s first additive manufacturing facility accreditation for its WAM technology from a “world-leading” marine and industrial classification society, DNV.

The accreditation encompasses an “Approval of Manufacturer” certificate and confirms the WAM technology meets the integrity and quality standards required for the oil and gas and marine industries.

AML3D said it was the first wire feedstock-based additive manufacturing company to receive this accreditation, giving it a significant competitive advantage.

Now that it has received this accreditation, AML3D can extend the range of contracts and customers it can target in the maritime, oil & gas, and Navy/Defence Marine industries.

It also enables AML3D to produce high-quality parts for use in critical operations.

AML3D Managing Director Andrew Sales said the accreditation gave the company further access to the marine markets for high-value essential components.

“DNV offers a broad range of customers including a heavy focus on the oil and gas sector, a key growth target for AML3D,” Mr Sales said.

“This accreditation is a game changer for us in terms of the ability to issue Class Certificates using our WAM process.”

AML3D’s WAM process metal 3D prints commercial, large-scale parts for the aerospace, oil and gas, defence, mining, manufacturing and maritime industries.

AML3D was up a healthy 28.2 per cent on the ASX, with shares trading at 10 cents at 12:56 pm AEST.

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