AML3D, an Australia-based developer of large-format metal additive manufacturing systems, is now listed on the Australian Securities Exchange (ASX) and has successfully raised AUD$9 million through an Initial Public Offering (IPO). AML3D is known for its patented Wire Additive Manufacturing (WAM) process, which has received certification from Lloyd’s Register.
It’s been an exciting day for AML3D. The company’s successful IPO saw a significant investment from Perennial, an Australian owned investment management firm, as well as support from domestic and international institutional and retail investors. The company’s metal AM technology, WAM, is at the core of what the company offers. The process is reportedly capable of minimizing material waste by up to 80% compared to more traditional casting and forging methods.
“We would like to welcome all new AML3D shareholders and express our thanks for the exceptional support we received for the IPO,” said Andrew Sales, Managing Director of AML3D. “Transforming to a publicly listed company signifies a momentous event for AML3D, facilitating the acceleration of our commercialization pathway to meet the strong interest in our technology. We are confident the positive momentum will continue as we remain focused on delivering a customer value proposition through the rapid build of certified, large-scale 3D printed metal products.”
In addition to its investment and ASX listing news, AML3D has also revealed that it is preparing the delivery of its first WAM-based 3D printer, called Arcemy, to ST Engineering, a leader in aerospace and defense. The system, to be installed this month, is being deployed as part of a special deal through which AML3D has the right to use 50% of the machine’s capacity for contract manufacturing for other customers in the region. The Arcemy system combines welding, CAD software design and robotics technology to produce industrial-quality, large-format and fully dense metal parts.
“We are excited about the potential of supporting our customers who are global leaders in the industries of marine and defense,” added Sales. “These customers are a true testament to AML3D, highlighting the capacity of our innovative technologies and validating our experience and the team’s ability to implement deals with blue-chip global companies.”
The Adelaide-based company also announced the recent delivery of a 3D printed Panama Chock to Keppel Corporation Limited. The part, a metal component used to guide ships’ mooring ropes, was delivered in January 2020 as part of a paid trial to allow AML3D to evaluate the part’s performance through a third party. The part was printed from carbon steel and is reportedly 1.5 times stronger than traditional cast versions. AML3D expects its 3D printing technology will have important applications in the maritime sector, among others, helping to reduce lead times and facilitate ship building and repair, as well as cut down on part weight. AML3D and Keppel are reportedly also in talks about future orders.