AI assistant
AML3D LIMITED — Capital/Financing Update 2021
Mar 2, 2021
64357_rns_2021-03-02_d7eedf76-42cc-498f-a76c-b3de495f366b.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX Release 3 March 2021
==> picture [76 x 69] intentionally omitted <==
ASX CODE: AL3
CAPITAL STRUCTURE
Share Price $0.315 Shares on Issue 149m Market Capitalisation $47.2m (as at 02/03/21)
AML3D TO DELIVER INDUSTRIAL COMPONENTS TO KEY 3DPC CLIENT
HIGHLIGHTS
-
AML3D to produce two industrial components for a global industry leader and 3D Printing Corporation client
-
Successful testing phase may lead to significant commercial opportunities
MAJOR SHAREHOLDERS
Andrew Sales 26.5% Perennial Value Mgmt 10.1%
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
- The Company continues to explore additional opportunities with 3D Printing Corporation clients
AML3D Limited (ASX: AL3) (“ AML3D ” or “ the Company ”) is pleased to announce it will supply a series of industrial components for evaluation and testing to a key 3D Printing Corporation (“ 3DPC ”) client.
3DPC is a Japanese-based 3D printing solutions firm focused on unearthing innovative technologies and enhancing the manufacturing capabilities of its clients with its unique 3D printing supply chain solutions.
AML3D has obtained substantial interest from 3DPC clients seeking to improve on traditional manufacturing constraints[1] . In one case, a client currently waits approximately six months for the delivery of traditionally cast components whereas AML3D components can be delivered in less than two weeks. This has resulted in the client submitting a purchase order to acquire sample components to test the industrial suitability of AML3D’s WAM® technology for their needs in an effort to internally endorse replacement of traditional manufacturing methods. The trial is expected to lead to significant business development in industrial and energy sectors, as the client intends to replace its traditionally cast components with AML3D components.
CONTACT
T: +61 8 8258 2658
A: 35 Woomera Avenue Edinburgh SA 5111
- P: PO BOX 4101 Tranmere SA 5073
ABN: 55 602 857 983
==> picture [282 x 191] intentionally omitted <==
Figure 1 – Example of an industrial part being printed using WAM®
1 ASX:AL3 24/9/20 - AML3D ships 3D printed propeller
ASX Release 3 March 2021
==> picture [50 x 45] intentionally omitted <==
AML3D continues to work with 3DPC to find unique solutions for its diverse customer base and will update the market on any additional opportunities obtained via this relationship.
Mr Andrew Sales, AML3D’s Managing Director comments:
“ We are excited to work with 3DPC with this purchase order highlighting the exposure we receive in the Asia Pacific region. We are confident that the successful validation of the WAM® technology will lead to greater commercial opportunities in the future.”
Alexander S. De Vore, 3DPC’s CEO comments:
“ By building a supply chain for 3D Printed Industrial components, we are able to drastically reduce lead time and inventory costs for our industrial clients. This first phase is qualifying a component that frequently requires replacement due to harsh conditions and we expect a cost savings of approximately 700,000 USD per annum when AML3D’s WAM® technology is fully integrated. ”
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)