AML3D Limited (ASX:AL3) has signed a contract to develop and metal 3D print a replacement component used in US Navy submarines.
This high demand component is no longer available from traditional manufacturers, creating an opportunity to demonstrate the role AML3D’s additive manufacturing technology can play in addressing supply chain constraints across the US Navy’s Submarine Industrial base.
The contract has been signed with BlueForge Alliance, a nonprofit, neutral integrator supporting the strengthening and sustainment of the US Navy’s Submarine Industrial Base, including through the acceleration of Advanced Manufacturing technologies.
The manufacturing contract is valued at circa A$2.02 million, (US$1.51 million), payable up front and upon meeting contract milestones.
The contract will run for a period of nine months starting in September 2023. The non-safety-critical (NSC) components are high demand components made with Nickel- Aluminum-Bronze (NAB) alloy material, which AML3D have qualified.
The manufacturing contract will allow AML3D the opportunity to demonstrate its ARCEMY Additive Manufacturing technology can produce complex components to a high quality and exceed the material strength properties of the equivalent cast parts.
The NSC components manufacturing contract directly aligns with AML3D’s US scale up strategy to embed the company’s proprietary ARCEMY technology within the US Defence and Maritime sectors. This contract follows recent Alloy Testing contracts1 and ARCEMY sales2 to support the US Navy’s submarine industrial base and demonstrates the increasing momentum across AML3D’s US operations.
AML3D is excited to continue to deepen its long-term, strategic partnership with the US Navy’s submarine industrial base,” AML3D Interim CEO Sean Ebert said.
“The NSC components manufacturing contract is further evidence of the growing momentum in our US scale-up strategy. This strategy is driving the growth of the company and creating value for our shareholders over the immediate term and beyond.
“The delivery of these complex submarine components, which is no longer available from traditional manufacturers, demonstrates the important role of AML3D’s ARCEMY technology at a time of heightened interest in advanced manufacturing to help meet demand driven by the AUKUS alliance.
“AML3D’s focus is on the US defence, aviation and maritime sectors and the company is well positioned to access the many opportunities that will be created as a result of the AUKUS Alliance, in the US, Australia and Europe.”
