Join our daily newsletter At The Bell to receive exclusive market insights
Ever since AML3D (ASX:AL3) hired a man formerly part of the US government’s nuclear submarine program, it’s been charging headlong into the US defence sector’s supply chain networks.
Take today’s news as indication of that – the company’s metals-based 3D printing tech, which it called ARCEMY, has been leased by a firm called Laser Welding Solutions (LWS.)
The kicker here is that LWS is a supplier to the US Navy, reflective of the latest step in a solid emerging interest from US defence circles regarding AML3D’s value proposition.
The company has recently been looking at producing 3D-printed parts for maritime vehicles using alloys that are impervious to the harsh effects of oceanic saltwater.
In simpler language: AML3D can cheaply make important parts for Navy vessels that take a very long time to rust.
While the Australian company is reporting a total order value of US$0.7M – perhaps far from the loftier valuations US military contracts can attract – AML3D notes this is a chance to “embed” its tech in the US Navy supply chain.
That’s a pretty good sector to be getting into at this time, for better or for worse.
“This new order for 2 additional ARCEMY© systems helps deepen our relationship with LWS and illustrates how important our advanced manufacturing technology is to the US Defence sector,” AL3 CEO Sean Ebert said.
“AML3D ARCEMY systems can produce higher quality components, faster and with less waste than traditional manufacturing which is driving demand from the US Navy and the wider US Navy submarine industrial base supply chain.”
AL3 last traded at 5.6cps.
-1200x645-380x200.jpg)
