Thursday 25 July 2024

AML3D (ASX:AL3) sells ARCEMY® system to US Navy component supplier

AML3D (ASX:AL3) has announced a circa A$1.1 million sale of a 2600 Edition ARCEMY® system for use by US Navy component supplier, Laser Welding Solutions (LWS). 

  • ‘2600 Edition’ ARCEMY® system sale supports the alloy qualification program of US Navy component supplier LWS.
  • The purchase order, issued by BlueForge Alliance, includes a one-year service and maintenance contract.
  • The ARCEMY® system can be used to supply metal 3D printed parts to the US Navy submarine industrial base.

AML3D CEO Sean Ebert said: “This first conversion of a lease agreement with LWS into an outright purchase of an ARCEMY® system, including an annual service and maintenance component, is exciting. It is not only a great example of progress against our strategic objective of embedding our proprietary WAM technology across the US Navy supply chain, but it also creates the opportunity to establish recurring service and maintenance revenues going forward.”

Free stock updates

Subscribe to receive the latest stock news, CEO interviews, expert insights, events and offers directly into your inbox