AML3D reports record Q4 2023 driven by momentum in the US market

Companies & MarketsNews
January 23, 2024

January 23, 2024

AML3D has focused on a US expansion plan through 2023 (Courtesy AML3D)
AML3D has focused on a US expansion plan through 2023 (Courtesy AML3D)

AML3D Limited, headquarted in Edinburgh, Australia, has released its quarterly report for the period ended December 31, 2023. Record quarterly cash receipts were noted for the second consecutive quarter, said to reflect the strong momentum in the company’s US ‘scale up’ strategy. Orders worth over AUS $12 million were delivered in 2023.

The US Department of Defence is said to be benefiting from the company’s scale up, with contract wins primarily in support of the US Navy’s submarine industrial base. The aim of the strategy is to focus on the sales of AML3D’s wire-based Directed Energy Deposition AM machines – ARCEMY – as advanced manufacturing point-of-need solutions. In addition to contracts supporting the US Navy, AML3D is developing a sales pipeline for wider applications in the US defence and federal sectors and US-based global Tier 1 Corporate customers in the marine and aerospace sectors while also pursuing opportunities in Australia and additional significant defence markets.

THE WORLD OF METAL AM TO YOUR INBOX
Subscribe to our weekly newsletter
Sign up

During the quarter, the implementation of the US scale up has resulted in a significant increase in new contracts, leading to a record quarterly customer receipt of AUS $2.46 million. As a result, the operating cash outflow for the quarter was negligible, amounting to only AUS $47,000. Financial year-to-date customers receipts are AUS $4.83 million. AML3D’s US sales pipeline is reported to remain strong and promising, with the continued expansion of existing defence and Global Tier 1 corporate relationships in Australia.

Key activities during the quarter included:

  • AUS $2.5 million ARCEMY machine order from US Defence contractor – Cogitic Corporation – to support the supply of metal AM parts to the US Navy submarine industrial base.
  • AUS $2.2 million order for the largest ever custom built ARCEMY machine for Austal USA’s purpose-built Advanced Manufacturing Centre in Charlottesville, Virginia
  • A prototype part manufacture and testing contract to support BAE Systems Maritime Australia’s Hunter class frigate programme for the Royal Australian Navy
  • Installation and commissioning of an ARCEMY X-Edition 6700 at the Oak Ridge National Laboratory in Tennessee, a major partner to the US Navy.
  • Shipment of an ARCEMY X-Edition 6700 at the Oak Ridge National Laboratory in Tennessee, a major partner to the US Navy
  • Shipment of an ARCEMY X-Edition 6700 machine to the US Navy’s Additive Manufacturing Center of Excellence at Danville, Virginia
  • Installation and commissioning of an ARCEMY 2600 machine at US Navy submarine component partner Laser Welding Solutions
  • High utilisation of Australian contract manufacturing facility to support prototype parts production
  • Expansion of international protection of AML3D’s WAAM process with the granting of an Indian patent

www.aml3d.com

Download Metal AM magazine
Companies & MarketsNews
January 23, 2024

About Metal Additive Manufacturing magazine

Metal AM magazine, published quarterly in digital and print formats, is read by a rapidly expanding international audience.

Our audience includes component manufacturers, end-users, materials and equipment suppliers, analysts, researchers and more.

In addition to providing extensive industry news coverage, Metal AM magazine is known for exclusive, in-depth articles and technical reports.

Our focus is the entire metal AM process from design to application.

Each issue is available as an easy-to-navigate digital edition and a high-quality print publication.

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Metal powders in Additive Manufacturing: An exploration of sustainable production, usage and recycling
  • Inside Wayland Additive: How innovation in electron beam PBF is opening new markets for AM
  • An end-to-end production case study: Leveraging data-driven machine learning and autonomous process control in AM
  • Consolidation, competition, and the cost of certification: Insight from New York’s AM Strategies 2024
  • Scandium’s impact on the Additive Manufacturing of aluminium alloys
  • AM for medical implants: An analysis of the impact of powder reuse in Powder Bed Fusion

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Share via
Copy link
Powered by Social Snap