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AML3D LIMITED — Capital/Financing Update 2021
Jun 29, 2021
64357_rns_2021-06-29_edb54fe4-e523-42e5-ba3a-1552fa76b7dd.pdf
Capital/Financing Update
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ASX Release 30 June 2021
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ASX CODE: AL3
CAPITAL STRUCTURE
Share Price $0.18 Shares on Issue 150.4m Market Capitalisation $27.1m (as at 29/6/21)
MAJOR SHAREHOLDERS
Andrew Sales 26.5% Perennial Value Mgmt 10.3%
BOARD & MANAGEMENT
PURCHASE CONTRACT FROM BOEING
HIGHLIGHTS
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AML3D has been engaged by The Boeing Company to produce and supply a 3D Printed mandrel tool from ‘Invar-36’ material;
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Boeing is a world leader in aerospace across the Defence, Commercial and Space sectors;
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Initial purchase contract for testing allows AML to demonstrate its capacity to produce complex parts on time and to specification.
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
Hamish McEwin Chief Financial Officer
CONTACT
T: +61 8 8258 2658 E: [email protected]
- A: 35 Woomera Avenue Edinburgh SA 5111
P: PO BOX 4101 Tranmere SA 5073
AL3D Limited (ASX:AL3) (" AML3D " or " the Company ") is pleased to announce that the Company has received a purchase contract to produce a 3D printed tooling component from The Boeing Company (NYSE:BA) ( Boeing ).
As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defence products and space systems for customers in more than 150 countries. As a top US exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity.
AML3D has received a purchase contract from Boeing on standard commercial terms, to supply an Invar-36[1] ”mandrel tool artifact”, weighing c.150kg, using the Company’s proprietary Wire Additive Manufacturing (WAM®) process.
This initial purchase contract is for one artifact which will be assessed and tested for its mechanical properties, internal soundness, vacuum integrity and to assess AML3D’s ability to produce to Boeing specifications.
Although the part value being manufactured is below AUD$50,000, the significance of this initial purchase contract from Boeing is high given the size and credibility of the counterparty together with the potential commercial benefits of future collaborations with the group.
ABN: 55 602 857 983
1 Nickel-Iron Alloy
ASX Release 30 June 2021
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Commenting on the purchase contract from Boeing, AML3D Managing Director Mr Andrew Sales said:
“AML3D is very excited to begin working with Boeing, one of the world’s largest aerospace companies. This purchase contract will provide the Company with a key opportunity to showcase its ability to produce parts on time and to specification with a high-quality customer as the world adapts to 3D printed solutions in addition to traditional manufacturing. ”
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 Ltd 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 patented 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)