AML3D’s coffers fill on US defence success

Wire arc metal additive manufacturing machinery manufacturer AML3D has reported the company’s second successive quarter of record quarterly cash receipts, reflecting the continuing strong momentum in the company’s US ‘Scale up’ strategy in the US defence sector.

The strategy delivered over A$12 million of orders in CY2023 in support of the US Department of Defence, including of the US Navy’s submarine industrial base.

During the latest quarter, the company reported record quarterly customer receipts of $2.46 million, resulting in a negligible operating cash outflow for the quarter of $47,000. Financial year-to-date customers receipts are A$4.83 million.

The primary focus of the strategy is sales of AML3D’s proprietary ARCEMY industrial scale, advanced wire arc additive manufacturing (WAAM) metal 3D printing systems.

AML3D told investors: “In addition to contracts supporting the US Navy, AML3D is developing a sales pipeline for wider applications in the US Defence and Federal sectors and US based global Tier 1 Corporate customers in the Marine and Aerospace sectors, while also pursuing opportunities in Australia (and elsewhere).”

Key activities during the quarter included:

• $2.5 million ARCEMY system order from US Defence contractor, Cogitic Corporation, to support the supply of metal 3D printed parts to the US Navy submarine industrial base
• S2.2 million order for the largest ever custom built ARCEMY system for Austal USA’s purpose-built Advanced Manufacturing Centre in Charlottesville, Virginia
• A prototype part manufacture and testing contract to support BAE Systems Maritime Australia’s Hunter class frigate programme for the Royal Australian Navy
• Installation and commissioning of an ARCEMY ‘X-Edition 6700’ system at the Oak Ridge National Laboratory in Tennessee, a major partner to the US Navy
• Shipment of an ARCEMY ‘X-Edition 6700’ system to the US Navy’s Additive Manufacturing Center of Excellence at Danville, Virginia
• Installation and commissioning of an ARCEMY 2600 system at US Navy submarine component partner, Laser Welding Solutions
• High utilisation of Australian contract manufacturing facility to support prototype parts production
• And the expansion of international protection for AML3D’s WAM® process with the granting of an Indian patent.

The US is the largest and fastest growing additive manufacturing market in the world and AML3D has identified significant and growing demand within the US defence industry for its ARCEMY metal 3D printing systems.

“The US ‘Scale up’ strategy has been designed to meet demand within the US Navy’s submarine industrial base in the first instance, through the supply of ARCEMY systems with associated component and alloy testing programmes.

“AML3D has already commenced component and testing contracts for Copper-Nickel and Nickel-Aluminium-Bronze alloys, two of 6 ARCEMY alloys of relevance to the US Navy.”

Further reading:
AML3D to make test Hunter class frigate parts
AML3D’s second US submarine contract in two days
AML3D to build 35 cubic metre machine for Austal USA

Picture: AML3D