- AML3D (AL3) secures a $1 million sale from the US Department of Defense (DoD) to support Navy submarine industry base programs
- The company sold its ARCEMY X-Edition 6700 Wire Arc Additive Manufacturing product to support the US Navy’s adoption of Wire Arc 3D printing tech
- The ARCEMY order was placed by BlueForge Alliance, a US DoD intermediary supporting the acceleration of advanced manufacturing technologies across the US defence industrial base
- AL3 says the sale opens the door for an expansion of its partnership with the US Navy, with a new contract for metal characterisation testing expected in Q3 2023
- AML3D shares are soaring 41.43 per cent to trade at 10 cents at 1:36 pm AEDT
AML3D (AL3) shares have soared following a $1 million sale to the US Department of Defense (DoD) to support Navy submarine industry base programs.
The company made the sale of a large-scale, industrial ARCEMY X-Edition 6700 Wire Arc Additive Manufacturing metal 3D printing system to support the US Navy’s accelerating adoption of Wire Arc additive manufacturing technology.
The ARCEMY order was placed by BlueForge Alliance, a US DoD intermediary supporting the acceleration of advanced manufacturing technologies across the US defence industrial base.
“AML3D is excited to be supporting the US Navy’s submarine industrial base programs for the adoption of advanced manufacturing technologies with an ARCEMY X-Edition 6700 system, our large-scale, industrial purpose solution,” AML3D CEO Ryan Millar said.
“This sale is a significant opportunity for AML3D, as it is part of a long-term strategic partnership with the US Navy helping them scale up submarine production with advanced additive manufacturing technology.”
The sale is valued at approximately $1 million, payable upfront and upon meeting delivery and installation milestones.
The system’s supply, shipping, and installation will start upon receipt of the authority to proceed from BlueForge and is expected to be completed during 2023.
AL3 said the sale opened the door for a further expansion of its strategic partnership with the US Navy, with an additional contract for metal characterisation testing expected in 2023’s third quarter.
AML3D shares climbed 41.43 per cent to trade at 10 cents at 1:36 pm AEDT.