Total
0
Shares
AML3D Workers. Source: AML3D
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • AML3D (AL3) receives contract to produce an alloy part for a North American aerospace company
  • The identity of the space company is unable to be disclosed due to confidentiality requirements, however AL3 says it’s a globally recognised space exploration company
  • The part to be produced for this most recent deal is a 3D printed high strength corrosion resistant alloy shape that AL3 says will be a bespoke prototype
  • AL3 is confident that this deal will open up further opportunities to the supply chain of the aerospace and space exploration sector
  • Shares were trading 13.3 per cent higher at 17 cents

AML3D (AL3) has been tasked with producing an alloy part for a North American aerospace company.

Due to confidentiality requirements, the identity of the aerospace company is unable to be disclosed, however AL3 has mentioned it is a globally recognised space exploration company.

AL3 has developed a Wire Additive Manufacturing (WAM) process for metal 3D printing of commercial, large-scale parts for aerospace, defence, maritime, manufacturing, mining and oil & gas.

The part to be produced for this most recent deal is a 3D printed high strength corrosion resistant alloy shape that AL3 said will be a bespoke prototype.

According to the company, it was actively sought out for this contract due to the high strength and robust properties associated with its specialised technology process.

Part of AL3’s strategy is to move into the North American market, and the company sees this project as a potential gateway to enter the supply chain of the aerospace and space exploration sector.

In particular, Managing Director Andrew Sales said working on the new project validates the company’s technological capability.

“I am confident that the momentum generated from this new aerospace purchase order will deliver a strong pipeline of opportunities in global space exploration part production both here in Australia and internationally, as we continue to demonstrate our capabilities to companies within this particular sector,” he said.

Shares were trading 13.3 per cent higher at 17 cents at 11:11 am AEDT.

AL3 by the numbers
More From The Market Herald
Cirrus Networks (ASX:CNW) - CEO & Managing Director, Chris McLaughlin

" Cirrus Networks (ASX:CNW) signs partnership with global IT cloud security company

Cirrus (CNW) has signed a partnership with Gigamon to provide managed security services to governments and large enterprises.
icetana Limited, ICE - CEO, Matthew Macfarlane

" icetana (ASX:ICE) signs MoU with NEC Argentina

icetana Limited (ICE) has signed a non-binding memorandum of understanding (MoU) with NEC Argentina to enhance urban surveillance offerings in the Latin American

" xReality Group (ASX:XRG) announces first in-house game after name change

xReality Group (XRG), previously Indoor Skydive Australia Group, is set to launch its first in-house developed virtual reality (VR) game at its FREAK
Playside Studios (ASX:PLY) - CEO, Gerry Sakkas

" PlaySide Studios (ASX:PLY) completes $3m share purchase plan

Playside Studios (PLY) has closed a heavily oversubscribed $3 million share purchase plan (SPP).