Metal additive manufacturing group AML3D has received firm commitments from investors to raise $7 million to speed expansion of the company’s 3D printing operations.
The Adelaide company will use the funds from institutional and private investors to buy and commission additional production modules to increase contract manufacturing capacity, enabling AML3D to service new customers.
AML3D managing director Andrew Sales said the funds would help the company pursue its vision of deploying advanced, Industry 4.0 manufacturing technologies globally.
He said: “The funds raised from this Placement will enable AML3D to accelerate and execute its various business development initiatives, which will provide a platform for further growth and continue to establish AML3D as an industry leader.”
AML3D also plans to employ more engineers, designers and manufacturing assistants to allow the company to scale significantly.
The company has commercialised its technology which combines metallurgical science and engineering design to fully automate the 3D printing process.
It has been enlarging its Adelaide manufacturing operation and is in the process of establishing a Singapore facility.
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