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- AML3D (AL3) shares rise after the company updates investors on the status of its Wire Arc Manufacturing welding trials, which it says are “progressing strongly”
- The company claims its welding wire composition can create structures to be used across automotive, resources and transport industries
- AML3D Managing Director Andrew Sales says the company is moving forward with building a “pipeline of cutting-edge” materials research and development
- AML3D shares closed today’s session up 12.1 per cent to trade at 18.5 cents
AML3D (AL3) shares have risen after the company updated investors on the status of its Wire Arc Manufacturing welding trials, which is said to be “progressing strongly.”
The company said it has been spurred by preliminary results of research undertaken by Deakin University and anticipates further opportunities could be generated in Wire Arc Additive Manufacturing (WAAM) as a result.
AML3D’S trials are looking to spawn commercially viable aluminium-scandium compounds, removing the need for traditional age-hardening heat treatment.
In contrast, AL3 maintains the new alloy composition can create high strength, corrosion resistant WAAM structures that could be used within automotive, resources and transport industries requiring strong aluminium products.
AML3D Managing Director Andrew Sales said the company’s patented WAM technology has been well proven for commercial use.
“We have been moving forward with building a pipeline of cutting-edge materials
research and development that will allow us to easily manufacture components from exotic alloys offering huge benefits in strength and weight,” he said.
“This is the first of some significant moves AML3D is making in this space with our technology partners and we will be issuing further updates around this materials engineering pipeline in the short term.”
AML3D shares closed today’s session up 12.1 per cent to trade at 18.5 cents.
