EDINBURGH, Australia, Sep 12, 2023 – AML3D Limited (ASX:AL3) (“AML3D” or “the Company“) is pleased to announce a new alloy characterization and testing contract to support the US Navy’s submarine program.
The contract will see AML3D commence the development and testing of 3D printed Copper-Nickel (CuNi) components. The contract has been signed with BlueForge Alliance, a nonprofit, neutral integrator, supporting the strengthening and sustainment of the US Navy’s Submarine Industrial Base through technology adoption and acceleration. The circa A$0.35 million, (US$0.23 million), Cu-Ni alloy testing contract will be run in parallel with the, recently extended, Nickel-Aluminum-Bronze (NAB) alloy characterization, corrosion, and strength testing program for the US Department of Defense.
The success of AML3D’s US scale up strategy to date, in CY2023, has resulted in new sales conveyed through BlueForge Alliance of approximately A$4.0 million, (US$2.90 million). This comprises circa A$1 million (US$0.70 million) of ARCEMY system sales and circa A$3.0 million (US$2.2 million) of ContractManufacturing and Testingsales.
AML3D’s US scale up strategy, has also resulted in additional sales through the company’s Value-Added Reseller, Phillips Corp, bringing total US Defense sales to date in CY2023 to circa A$5.1 million (US$3.7 million). The Company remains confident additional contracts will be executed during the balance of 2023, further expanding AML3D’s ongoing sales to the US defense sector. A successful conclusion to this CuNi alloy testing program has the potential to expand the range of US Defense sector materials and applications that AML3D’s ARCEMY metal 3D printing systems can be used for.
This contract will commence immediately and is expected to run for a period of 14-16 weeks with alloy characterization and testing carried out at AML3D’s facility in Adelaide, South Australia. This new contract demonstrates the increasing momentum in expanding the range of AML3D metal 3D printed alloys that meet the US Navy’s qualification standard. This aligns with the Company’s plans to become a point of need, additive manufacturing technology solution to address supply chain constraints within the US Navy’s submarine program. The US is the largest Additive Manufacturing market in the world and AML3D’s most important growth market.
AML3D Interim CEO Sean Ebert said: It is exciting to see this acceleration of further alloy testing and validation of AML3D’s ARCEMY metal 3D Printing technology within the US Defensce sector. The Cu-Ni contract has the potential to cast a far wider net over parts that can be made for the US Navy using our technology. The positive implications for expanding our scope to Cu-Ni alloy parts is significant – a point highlighted with our recent $2.0m order for Nickel-Aluminium-Bronze parts coming not long after a successful testing program.
This new validation program is further evidence of AML3D developing a long-term, strategic partnership with key stakeholders within the US Navy’s submarine program. AML3D’s continuing success in the US is expected to continue to create additional opportunities in that market over and above the A$5.1 million of sales already achieved so far this year. It is also expected to provide a template for accessing the Defense markets of AUKUS Alliance partners Australia and the UK over the medium to longer term.
About AML3D
AML3D Limited, a publicly listed technology company founded in 2014, utilizes new technologies to pioneer and lead metal additive manufacturing globally. Disrupting the traditional manufacturing space, AML3D has developed and patented a Wire Additive Manufacturing (WAM) process that metal 3D prints commercial, large-scale parts for Aerospace, Defense, Maritime, Manufacturing, Mining and Oil & Gas. AML3D provides parts contract manufacturing from its Technology Centre in Adelaide, Australia, and is the OEM of ARCEMY, an industrial metal 3D printing system that combines IIoT and Industry 4.0 to enable manufacturers to become globally competitive. For more information, visit https://aml3d.com.
