AML3D has secured a $2.24 million investment aimed at accelerating the company’s ARCEMY Increase Deposition Rates (AIDR) project.
This initiative will enhance AML3D’s proprietary Wire-arc Advanced Manufacturing (WAM) technology, the company said in an ASX announcement.
The investment is supported by a $1.12 million grant from South Australia’s Economic Recovery Fund (ERF), with AML3D matching this contribution.
The ADIR project is set to commence in August 2024, running for 15 months, and will initially create four advanced manufacturing and software development jobs.
“The award from the South Australian Government of the $1.12 million Economic Recovery Fund grant will facilitate a significant investment to keep AML3D and South Australia at the leading edge of advanced manufacturing,” said AML3D CEO Sean Ebert.
“The $2.24 million ARCEMY® Increased Deposition Project will create new, highly skilled jobs in South Australia and has the potential to solve even more of the manufacturing needs of our Australian and overseas customers,” he added.
The ASX-listed company said the ERF grant will reimburse eligible project expenses throughout the project duration.
Upon successful completion, the ADIR project is expected to bolster AML3D’s position in both domestic and international markets.
Sean Ebert highlighted the broader impact, stating, “AML3D is proud to be contributing to technology leadership and economic development in South Australia and to be leveraging this on a global scale.”
He continued, “From our global base in Adelaide, we are delivering ARCEMY® systems and metal 3D printed components to support the US Navy’s submarine industrial base, the Australian Defence and Science Technology Group, and tier-one global customers such as Boeing and Chevron.”
The project will source metal 3D printing consumables from South Australian suppliers, with verification testing conducted in Australia at a National Association of Testing Authorities-approved laboratory.
The envisioned multi-robot, twin-wire ARCEMY system will produce large-scale and exotic material parts more efficiently than traditional methods, using less energy and creating less waste.
“Having the South Australian Government support the development of the next generation of our ARCEMY® technology is expected to keep AML3D and South Australia at the forefront of advanced manufacturing in the years to come,” Ebert concluded.
