AML3D lands $2.5 million sale to Cogitic in the US

Wire arc additive manufacturing company AML3D has announced an order for one of its ARCEMY systems from Colorado Springs-based Cogitic Corporation, a supplier to the US Navy’s submarine industrial base. 

In a statement to the ASX on Monday, the company said the sale was for its largest-sized AM units, a 6700 Edition system, and was valued at approximately $2.5 million. Half will be paid upfront and the other following final commissioning, expected in the middle of the 2024 calendar year.

Cogitic is described in the statement as an engineering and manufacturing firm specialising in complex “geometry components and assemblies”, servicing marine and defence-related industries.

“As a longstanding supplier to the US defense industry, Cogitic has a reputation for combining innovative engineering with advanced technology to solve manufacturing problems, which makes ARCEMY System an attractive technology to enhance their manufacturing capability,” said AML3D CEO Sean Ebert.

“It is encouraging to see the momentum within AML3D’s US scale up strategy continuing to accelerate and to see the commercial benefits as a result. We will remain alert to opportunities to maximize this commercial advantage, such as purchase and/or lease agreements, and the rapid deployment of our ARCEMY systems.”

The sale continues AML3D’s progress in the US defence industry, following a share placement early in the year worth $3 million to establish a US presence. 

This was followed by a string of orders for prototyping, component and machine sales in the US for naval customers.

AML 3D’s machines combine welding engineering, robotics and computer-aided design to build large-format additively manufactured parts. 

Picture: AML3D

Further reading

AML3D raises $3 million to support expansion into US defence industry

AML3D sells another large 3D printer to US Navy

AML3D expands focus on US defence customers

AML3D wins US submarine 3D print contract