AML3D Ltd (ASX:AL3) was established in 2014 to commercialise the patented WAM (Wire Additive Manufacturing), an additive manufacturing technology for the cost-effective production of large, high-performance metal components and structures. The company reported a positive Q2 result with increasing interest in large-scale 3D printed parts from aerospace and energy companies. AL3 is supplying two machines to universities in FY22 and expects another sale in Singapore. The company has sufficient cash for six more quarters at current burn rates. Interest levels following the issue of the American Petroleum Institute’s Additive Manufacturing Standard have continued with improving relationships and order flow from major North American oil and gas engineering clients. AL3 is focused on expanding acceptance of the WAM process for fast, high-quality, on-demand manufacturing and has scheduled a Corporate Update Webinar on 14th April. The company expects to highlight the benefits of the WAM process to customers, including higher strength, lower waste, and smaller manufacturing footprint. AL3 maintains a strong focus on immediate value drivers but the presentation will likely emphasise the strong medium- and long-term prospects for the process and the company.
11 Apr 2022
FY22 revenues up, strategy clear
Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
FY22 revenues up, strategy clear
AML3D Ltd (ASX:AL3) was established in 2014 to commercialise the patented WAM (Wire Additive Manufacturing), an additive manufacturing technology for the cost-effective production of large, high-performance metal components and structures. The company reported a positive Q2 result with increasing interest in large-scale 3D printed parts from aerospace and energy companies. AL3 is supplying two machines to universities in FY22 and expects another sale in Singapore. The company has sufficient cash for six more quarters at current burn rates. Interest levels following the issue of the American Petroleum Institute’s Additive Manufacturing Standard have continued with improving relationships and order flow from major North American oil and gas engineering clients. AL3 is focused on expanding acceptance of the WAM process for fast, high-quality, on-demand manufacturing and has scheduled a Corporate Update Webinar on 14th April. The company expects to highlight the benefits of the WAM process to customers, including higher strength, lower waste, and smaller manufacturing footprint. AL3 maintains a strong focus on immediate value drivers but the presentation will likely emphasise the strong medium- and long-term prospects for the process and the company.