- AML3D (AL3) has been granted an Australian patent for its Wire Additive Manufacturing (WAM) process
- The company provides large-scale 3D printing services to the defence, maritime, automotive and resources industries
- Managing Director Andrew Sales says the international patent protection further strengthens the company's market position
- Company shares are up 7.1 per cent to 22.5 cents each at 11:27 am AEST
AML3D (AL3) has been granted an Australian patent for its Wire Additive Manufacturing (WAM) process.
Operating from Adelaide, AML3D provides large-scale 3D printing services to the defence, maritime, automotive and resources industries. Its WAM technology reportedly reduces manufacturing costs and build time, and allows clients to customise parts for their specific needs.
The company said the patent, which was issued by the Australian Patent Office, covered its unique method and apparatus for manufacturing 3D metal parts.
Notably, key items covered include AL3's processes of manufacturing a metallic part; computer-generating 3D models of parts; and uploading the direction-specific, layered model of a part into a welding control system for manufacturing.
AL3 Managing Director Andrew Sales said the international patent protection would further strengthen the company's market position.
"The granting of this patent is further validation of our technology and also secures our position as a provider of a major 3D printing process," Mr Sales said.
"The market demand for advanced wire feedstock additive manufacturing continues to accelerate, driven by the global pandemic."
According to a recent Mordor Intelligence report, the addressable market for 3D printing is worth approximately US$10 billion (around A$12.9 billion) — a figure the company expects to grow to US$36 billion (A$46.4 billion) by 2026.
Following the announcement, AML3D shares were up 7.1 per cent to 22.5 cents at 11:27 am AEST.