AML3D Limited delivered its first Arcemy 3D printing module to ST Engineering in Singapore (ST) under a ‘rent to buy’ agreement. The Arcemy3D printing module supplied to ST is designed and built to minimize commissioning time before being able to produce commercially (this process is expected to be complete during June 2020). Once commissioned, the stand-alone module will provide ST Engineering with enhanced manufacturing capabilities capable of delivering custom components promptly with superior strength.
The ‘rent to buy’ agreement with ST gives AML3D the right to use 50% of the Arcemy® module’s capacity through the ‘rent’ period. The total value of the agreement with ST Engineering remains commercial in confidence and is structured to reflect the shared use of the module. Access to the module is of great benefit to AML3D, providing the capability to manufacture components for customers throughout Asia before the establishment of its planned Singapore facility.
ST Engineering is one of Asia’s leading defense and engineering groups, providing AML3D with a strong foundation to establish and grow operations within the region.
“The delivery of our first Arcemy module is a significant milestone in the commercialization pathway of AML3D. Partnering with ST Engineering after successfully passing their due-diligence process provides a high degree of industry validation for our technology and allows us to demonstrate our capacity to quickly provide commercial outcomes in ‘off-site’ environments outside our own manufacturing facility,” said AML3D’s Managing Director, Andrew Sales.
Not to be confused with ST Electronics, Singapore Technologies Engineering Ltd is a Singapore listed technology, defense and engineering group specializing in the aerospace, electronics, land systems and marine sectors. ST Engineering is one of the largest groups listed on the SGX with a market capitalization in excess of A$10bn and reported revenue of $7.86B in FY2019, making it one of Asia’s largest defense and engineering groups.