AML3D shares take off on O&G, marine accreditation

By Peter Roberts

Shares in added manufacturing technology developer AML3D took off today on news it has become the first manufacturer to be awarded an Additive Manufacturing Facility accreditation with wire feedstock through DNV, the globally recognised validation society.

Late today the company’s shares were up 15 cents or 19.2 percent to $0.093.

Achieving ‘approval of manufacturer’ status demonstrates the company’s Wire Additive Manufacturing (WAM) technology meets class certification standards for integrity and quality in the production of components for oil and gas and marine industries, according to a statement.

This covers steel for hull structure and equipment, copper alloys for valves and other fittings which operate in extreme loads, pressure or corrosive environments.

Managing director Andrew Sales said DMV facility accreditation opened up further access into marine markets for high value essential components.

Sales said: “This accreditation is a game changer for us, in terms of the ability to issue class certificates using our WAM process.”

This breakthrough for the company follows the implementation of the AS9100D:2016 Standard for aerospace components and AML3D’s previous wire-arc additive manufacturing facility certification by Lloyd’s Register.

“AML3D estimates that, in combination, the DNV and Lloyd’s Register’s customer base give the company access to close to two thirds of the global market for high value, class certified, marine components.”

AML3D’s technology feeds wires to an arc welder mounted on an ABB industrial robot – essentially melting a wire with an electric circuit to form molten beads, then more beads that build the final product.

Its simplicity lies in its utilisation of commonly used wire feedstocks as used in welding, avoiding the complications of exotic metal powders used in other processes.

The company’s share price rise is extraordinary, given that like all manufacturing technology stocks, it has had had a horror slump this year falling from a high of 15 cents in January to as low as five cents in June.

It shows that there is a life in technology shares yet, even with global uncertainties driven by supply chain disruptions, rising inflation and the Russian invasion of Ukraine.

Picture: AML3D

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