AML3D Limited has secured an ARCEMY system order from Colorado Springs-based defence manufacturing company Cogitic Corporation.
The 6700 Edition ARCEMY system is AML3D’s largest-sized industrial-scale metal 3D printing system. It will enable Cogitic to supply metal 3D printed parts to the US Navy submarine industrial bases.
The system will be purchased for approximately USD 1.6 million (AUD 2.5 million), based on a 50 per cent upfront payment.
The balance will be settled following testing, installation, and commissioning, AML3D said in an ASX announcement.
The final commissioning is expected to occur in mid-2024.
Cogitic is an engineering and manufacturing company specialising in complex geometry components and assemblies. The company services critical marine defence and defence-related industries with “cannot fail applications.”
Sean Ebert, chief executive officer of AML3D, said the order from Cogitic is a testament to the ever-increasing demand for AML3D’s technology within the US Navy submarine industrial base supply chain.
“As a longstanding supplier to the US defense industry, Cogitic has a reputation for combining innovative engineering with advanced technology to solve manufacturing problems, which makes ARCEMY System an attractive technology to enhance their manufacturing capability,” Ebert said.
“It is encouraging to see the momentum within AML3D’s US Scale up strategy continuing to accelerate and to see the commercial benefits as a result. We will remain alert to opportunities to maximize this commercial advantage, such as purchase and/or lease agreements, and the rapid deployment of ARCEMY systems.”
The United States is the largest additive manufacturing market in the world and AML3D’s most important growth market.
According to Ebert, the company is committed to providing the US Defence sector with point-of-need advanced manufacturing solutions and to developing and deepening its strategic partnership with key stakeholders within the US Navy’s submarine program and supply chain.
“Our US scale up strategy also includes meeting the advanced manufacturing and metal 3D printing needs of global Tier 1 Oil and Gas and Aerospace companies. Our newly established relationship with Cogitic is built around supporting the US Navy’s submarine industrial base but Cogitic is also a key supplier to other industries, which may present opportunities to access these markets in the future,” Ebert said.
