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AML3D LIMITED — Capital/Financing Update 2023
Nov 5, 2023
64357_rns_2023-11-05_02c2b3ae-f466-47ab-aac2-420be745b876.pdf
Capital/Financing Update
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ASX Release 6 November 2023
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AML3D WINS $2.5M CONTRACT TO SUPPLY INTO US NAVY COMPONENT SUPPLY CHAIN
HIGHLIGHTS
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AML3D receives an A$2.5 million ARCEMY system order from US Defence contractor, Cogitic Corporation.
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The ARCEMY system will allow Cogitic to supply metal 3D printed parts to the US Navy submarine industrial base.
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The Cogitic Corp. order aligns with AML3D’s strategy to embed ARCEMY systems in the wider US Navy supply chain.
AML3D Limited (ASX:AL3) (" AML3D " or " the Company ") is pleased to announce an order for an ARCEMY system by Cogitic Corporation (“ Cogitic ”). Cogitic is a supplier of componentry to the US Navy’s Submarine Industrial base. The 6700 Edition ARCEMY system is AML3D’s largest-sized industrial scale metal 3D printing system, capable of producing components for US Navy and other defence applications.
The ARCEMY system will be purchased by Cogitic for circa A$2.5 million*, USD$1.6 million, based on a 50% upfront payment, with the balance via following testing, installation, and commissioning. The company expects final commissioning will occur in mid-calendar 2024.
Cogitic is a Colorado Springs-based engineering and manufacturing company specialising in complex geometry components and assemblies. They service critical marine defense and defense related industries with “cannot fail” applications.
This Cogitic order continues to demonstrate the ongoing success of AML3D’s US scale up strategy, which includes embedding ARCEMY systems within the suppliers to the US Navy. The US is the largest Additive Manufacturing market in the world and AML3D’s most important growth market. The Company remains confident additional contracts in support of the US defense sector will be executed during the current financial year.
AML3D CEO Sean Ebert said:
“This purchase contract with Cogitic Corporation is further evidence of the ever-increasing demand for AML3D’s technology within the US Navy submarine industrial base supply chain.
“As a longstanding supplier to the US defense industry, Cogitic has a reputation for combining innovative engineering with advanced technology to solve manufacturing problems, which makes ARCEMY System an attractive technology to enhance their manufacturing capability.
“It is encouraging to see the momentum within AML3D’s US Scale up strategy continuing to accelerate and to see the commercial benefits as a result. We will remain alert to opportunities to maximize this
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AML3D Limited (ASX:AL3) ACN 602 857 983 | Australian Patent 2019251514
ASX Release 6 November 2023
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commercial advantage, such as purchase and/or lease agreements, and the rapid deployment of our ARCEMY systems.
“AML3D is committed to providing the US Defence sector with point of need advanced manufacturing solutions and to developing and deepening our long-term, strategic partnership with key stakeholders within the US Navy’s submarine program and supply chain. Our US scale up strategy also includes meeting the advanced manufacturing and metal 3D printing needs of global Tier 1 Oil and Gas and Aerospace companies. Our newly established relationship with Cogitic is built around supporting the US Navy’s submarine industrial base but Cogitic is also a key supplier to other industries, which may present opportunities to access these markets in the future.”
This announcement has been authorised for release by the Board of AML3D.
For further information, please contact:
Sean Ebert
Hamish McEwin
Managing Director Chief Financial Officer AML3D Limited AML3D Limited T: +61 8 8258 2658 T: +61 8 8258 2658 E: [email protected] E: [email protected]
About AML3D Limited
AML3D Limited, a publicly listed technology company founded in 2014, is disrupting metal part supply chains using the Company’s patented Wire Additive Manufacturing (WAM®) process. WAM® combines state-of-the-art welding science, robotics automation, materials engineering and proprietary software to lead metal additive manufacturing globally. AML3D is the OEM of the ARCEMY® industrial metal 3D printing systems. ARCEMY® uses WAM® to provide advanced, automated, on-demand, point-of-need 3D manufacturing solutions that are more efficient, cost-effective and have better ESG outcomes compared to traditional casting, forging and billet machining processes. ARCEMY® is IIoT and Industry 4.0 enabled to allow manufacturers across Aerospace, Defence, Maritime, Manufacturing, Mining and Oil & Gas to become globally competitive. AML3D also provides metal 3D printing design engineering services, software licencing, technical support, consumable sales and contract manufacturing services.
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AML3D Limited (ASX:AL3) ACN 602 857 983 | Australian Patent 2019251514