Total
0
Shares
AML3D (ASX:AL3) - Managing Director, Andrew Sales (centre) - The Market Herald
Managing Director, Andrew Sales (centre)
Source: AML3D
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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.

AL3 by the numbers
More From The Market Herald
Pearl Global (ASX:PG1) enters trading halt ahead of capital raise

" Pearl Global (ASX:PG1) enters trading halt ahead of capital raise

Pearl Global (PG1) has entered into a trading halt today as it plans an upcoming capital raise.
Johns Lyng Group (ASX:JLG) - - The Market Herald

" Johns Lyng Group (ASX:JLG) acquires Steamatic Australia

Johns Lyng Group (JLG) has purchased a 60 per cent controlling ownership stake in Steamatic Australia, a national restoration services firm.
Aurora Labs (ASX:A3D) - CEO, Peter Snowsill - The Market Herald

" Aurora Labs (ASX:A3D) share price boosts on trial print with BAE Systems

Aurora Labs’ (A3D) share price has boosted on news it has been engaged by BAE Systems Maritime Australia to print trial marine components
WestStar Industrial (ASX:WSI) - SIMPEC Managing Director, Mark Dimasi - The Market Herald

" WestStar Industrial’s (ASX:WSI) SIMPEC wins $145m contract

WestStar Industrial (WSI) was up as much as 20 per cent this morning after its subsidiary, SIMPEC, was awarded a contract for the