AML3D Limited has revealed plans to establish a dedicated facility in Ohio, USA, to bolster its presence and capitalise on the demand for advanced manufacturing technologies, particularly within the US Defence industry.
The decision comes on the heels of a successful capital raise amounting to $3.9 million, the company said in an ASX announcement.
The establishment of this facility underscores AML3D’s commitment to enhancing its operational capacity to meet the escalating demand for its innovative solutions in the United States.
Through a non-renounceable rights issue, the Company aims to raise funds at $0.05 per share, providing the financial impetus for this expansion initiative.
The forthcoming Ohio-based manufacturing facility will serve as AML3D’s US headquarters and operational hub, spearheading various functions including the manufacturing of the company’s ARCEMY advanced manufacturing systems, contract manufacturing, alloy testing, and prototyping.
Additionally, it will house essential sales and operating functions, consolidating AML3D’s foothold in the US market.
Leading the charge at the US facility will be Pete Goumas, the recently appointed president of US Operations, who brings a wealth of experience and expertise to the role.
With a focus on rapid scaling, AML3D said it aims to bolster its workforce in the US, ensuring it remains agile and responsive to the evolving needs of its clientele.
In tandem with the expansion efforts, AML3D is poised to invest substantially in its technology and software infrastructure, aiming to fortify its competitive edge and expand the application scope of its Wire-Arc Additive Manufacturing solutions, particularly within the US Defense sector.
This investment will entail the augmentation of AML3D’s software development capabilities, paving the way for the integration of new features that enhance the performance, build size, and speed of its ARCEMY platform.
