- AML3D (AL3) has teamed up with Austal (ASB) to co-develop components for maritime defence applications
- Under the contract, AML3D will design a personnel lifting device for manufacture using its WAM technology
- WAM is a 3D printing additive process which allows users to print stronger large-scale components made of metal
- The lifting device is intended to be installed on-board Austal naval vessels
- On the market this morning, AML3D shares went up 12.9 per cent and are trading for 52.5 cents, however, the ASX has paused the trading for the morning
- On the market today, AML3D shares are up 10.8 per cent to trade for 52.5 cents. Meanwhile, Austal is up 0.29 per cent, trading for $3.40 per share
AML3D (AL3) has teamed up with Austal (ASB) to co-develop components for maritime defence applications.
This contract was evolved from a memorandum of understanding (MoU) which was signed in August 2019.
Austal is an Australian-based global shipbuilding company and defence prime contractor.
Under the contract, AML3D will design a personnel lifting device for manufacture using its WAM technology. This lifting device is intended to be installed on-board naval vessels constructed by Austal. WAM is a 3D printing additive process which allows users to print stronger large-scale components made of metal.
AML3D Managing Director, Andrew Sales, is excited to design and manufacture advanced solutions for Austal.
“To be identified by Austal as a leading Australian innovator is a testament to our
technology platform and provides a great opportunity to significantly expand our presence in the Australian and global marine sector,” he said.
“This is an initial step towards a much bigger goal to incorporate additive manufacturing methods within our business and we are proud to be able to pursue this exciting path with a fellow Australian technology leader in AML3D,” Austal’s Chief Digital Officer Andrew Malcolm said.
On the market today, AML3D shares are up 10.8 per cent to trade for 52.5 cents. Meanwhile, Austal is up 0.29 per cent, trading for $3.40 per share at 11:37 am AEST.