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AML3D LIMITED — Capital/Financing Update 2020
Sep 24, 2020
64357_rns_2020-09-24_ea0230bd-8ee4-415d-a216-5cd48fc2215e.pdf
Capital/Financing Update
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ASX Release 25 September 2020
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ASX CODE: AL3
CAPITAL STRUCTURE
Share Price (24.09.20) $0.545 Shares on Issue 132m Market Capitalisation $72m
PROTOTYPE LIFTING DEVICE TO BE MANUFACTURED FOR AUSTAL
MAJOR SHAREHOLDERS
HIGHLIGHTS
Andrew Sales 30.0% Perennial Value Mgmt 6.8% Global Asset Solutions 5.3%
BOARD & MANAGEMENT
Stephen Gerlach AM Non-Executive Chairman
Andrew Sales Managing Director
Sean Ebert Executive Director
Kevin Reid Non-Executive Director
Len Piro Non-Executive Director
Christine Manuel Company Secretary
CONTACT
T: +61 8 8258 2658 E: [email protected]
A: 35 Woomera Ave Edinburgh SA 5111
P: PO BOX 4101 Tranmere SA 5073
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Austal approves AML3D’s DfAM lifting device to be manufactured by AML3D’s proprietary WAM® process.
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Purchase Order received from Austal Ltd to manufacture the first prototype Davit Arm which will undergo rigorous destructive testing.
AML3D Limited (ASX: AL3) (“ AML3D ” or “ the Company ”) is pleased to announce it has received a purchase order (“ PO ”) from Austal Limited (“ Austal ”) (ASX: ASB) to deliver an evolutionary lifting device, Davit Arm ( Figure 1 ). The PO follows successful completion of the design and optimisation phase.
As announced on 3 September 2020, AML3D executed a contract with Austal to develop an additively manufactured component for the maritime defence industry. The contract had grown from a MoU after AML3D was identified by Austal as a leading provider of advanced manufacturing technologies and design solutions.
AML3D utilised its in-house Design for Additive Manufacturing (“ DfAM ”) platform to promptly develop an evolved solution with enhanced load-bearing capabilities. Following stringent structural verification through FEA (Finite Element Analysis), the prototype lifting device is now ready to be manufactured by AML3D’s Wire Arc Manufacturing (“ WAM® ”) technology.
The PO to manufacture the next-generation lifting device is valued at ~A$60,000. Once produced, the 2.7m length Davit Arm prototype will undergo rigorous destructive testing. These tests are designed to verify the prototype’s performance and material behaviour under load.
AML3D is on track to meet the previously advised 30 October 2020 deadline.
The development contract with Austal presents a significant commercial opportunity for AML3D. Both parties anticipate that AML3D’s innovative technologies may be applied to a broad range of applications in shipbuilding, many of which have been identified.
ABN: 55 602 857 983
ASX Release 25 September 2020
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Mr Andrew Sales, AML3D’s Managing Director comments:
“We’re focused on forming a long-lasting and co-beneficial relationship with Austal. I’m especially pleased our team has been able to apply our advanced technologies to deliver an innovative solution well ahead of schedule. This initial program provides an excellent opportunity to showcase our capabilities, which we’re confident will form a platform for further commercial opportunities in the near future.”
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Figure 1 – Prototype Davit Arm
This announcement has been authorised for release by the Board of AML3D.
For further information, please contact:
Andrew Sales Duncan Gordon Managing Director Executive Director AML3D Limited Adelaide Equity Partners T: +61 8 8258 2658 T: +61 404 006 444 E: [email protected] E: [email protected]
About AML3D Limited
AML3D Limited is an Australian public company incorporated on 14 November 2014 and currently operates out of its Adelaide Manufacturing Centre. The Company specialises in providing commercial large-scale “Additive Metal Layering” 3D printing services to Defence, Maritime, Automotive and Resources customers. The Company has commercialised its technology under the trademark WAM® and proprietary software WAMSoft® which combines metallurgical science and engineering design to fully automate the 3D printing process utilising advanced robotics technology.
AML3D Limited (ASX:AL3)
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