AML3D, a provider of large-scale metal additive manufacturing technology and solutions, is raising $2.68 million through a share placement following its recent contract awards from major global customers Boeing and Exxon Mobil.
AML3D said the funds would be used to accelerate growth initiatives, build on the existing business development team and sales and marketing pipeline, and continue the enhancement of its technology to remain a market leader.
Chairman, Sean Ebert, said the successful placement follows the announcements of two new landmark supply agreements with blue-chip global companies, Boeing and ExxonMobil, announced in recent weeks.
“The growth momentum in the business is building and, coupled with the recent agreements with Boeing and ExxonMobil, the volume of commercial opportunities currently being explored and assessed is expanding at a rapid pace,” Mr Ebert said.
“These developments clearly reaffirm and support AML3D’s confidence in its growth strategies and trajectory.
“This Placement will further underpin our ability to appropriately service this growth and ensure the business momentum is maintained.”
