AML3D Ltd (ASX:AL3) was established in 2014 to commercialise WAM® (Wire Additive Manufacturing), an additive manufacturing technology for the cost-effective production of large, high-performance metal components and structures. The company has reported lower levels of customer conversion in Q1FY22 because of the impact of COVID-constrained business development and order completions. AL3 has $5.4m in cash and has been active in developing opportunities in the quarter despite these obvious constraints. The company has advanced connections with academia and will see commercial benefits in both machine sales and technology development from relationships with Deakin University, University of Queensland and RMIT. Boeing, BAe, Keppel and other significant entities are in the process of qualifying parts made using the WAM® process and we expect commercial results to follow. Agreed board retirements prior to the AGM leave AL3 considering roles for two new non-executive directors while manufacturing business momentum is rising in the defence aerospace and subsea oil and gas sectors. A recent ARCEMY® WAM® module sale to RMIT and research partnership with Deakin University broadens commercial opportunities in welding wire development and supply using boron nitride nanotubes to enhance aluminium composites.
26 Nov 2021
Standards change speeds market penetration
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Standards change speeds market penetration
AML3D Ltd (ASX:AL3) was established in 2014 to commercialise WAM® (Wire Additive Manufacturing), an additive manufacturing technology for the cost-effective production of large, high-performance metal components and structures. The company has reported lower levels of customer conversion in Q1FY22 because of the impact of COVID-constrained business development and order completions. AL3 has $5.4m in cash and has been active in developing opportunities in the quarter despite these obvious constraints. The company has advanced connections with academia and will see commercial benefits in both machine sales and technology development from relationships with Deakin University, University of Queensland and RMIT. Boeing, BAe, Keppel and other significant entities are in the process of qualifying parts made using the WAM® process and we expect commercial results to follow. Agreed board retirements prior to the AGM leave AL3 considering roles for two new non-executive directors while manufacturing business momentum is rising in the defence aerospace and subsea oil and gas sectors. A recent ARCEMY® WAM® module sale to RMIT and research partnership with Deakin University broadens commercial opportunities in welding wire development and supply using boron nitride nanotubes to enhance aluminium composites.