AML3D unveils multimillion-dollar WAM Technology Centre
July 8, 2021
AML3D Limited, Edinburgh, Australia, is planning to unveil its multimillion-dollar South Australian headquartered WAM® Technology Centre at an event for customers and industry on July 9, 2021. The centre was funded through an AUS $9 million IPO and AUS $7 million dollar capital raising initiative.
Andrew Sales, Managing Director, stated, “The opening of this incredible facility has been a long-time dream of AML3D and marks yet another significant milestone for our company and our journey alongside the recent granting of our patent. Our new premises will enable AML3D to keep up with accelerating demand in 3D printing, while continuing to push boundaries in technological research and development.”
The addressable global market for AM is currently estimated at US $10 billion and is anticipated to hit US $63 billion by 2026. The demand for this technology was fast-tracked by the COVID-19 pandemic, as companies saw the need to de-risk complex global supply chains through an additional focus on countries’ sovereign capability. It also benefits from the increasing turn to lower-energy processes, as it is a more ‘green’ technology than traditional manufacturing methods.
“It’s incredibly exciting to see AML3D taking their innovative 3D printing process to the world and creating new jobs and opportunities in advanced manufacturing here in South Australia,” stated South Australian Minister for Innovation and Skills, David Pisoni. “The Marshall and Morrison Governments are ensuring we have the skilled workforce necessary to drive our industrial transformation by investing almost $340 million in jobs training in South Australia.”
Despite already having quadrupled in size to over thirty staff over the past twelve months and welcoming customers such as Austal, Boeing, Flowserve, Keppel, Thyssen Krupp, Lightforce, Rowlands Metalworks, IKAD and BAE Systems, AML3D reports that is prepared for further expansion. Following the unveiling of the new facility, the company is estimating a further 20-25% in jobs growth for the business over the coming 12-18 months.
Andrew Sales concluded, “We are really excited to officially open the doors to our headquarters this month and welcome industry and our peers to see our facilities and experience our patented WAM technology for themselves.”