AML3D Limited (ASX:AL3) Arcemy X Operational at the Largest Public Utility in USA
AML3D Limited (ASX:AL3)
Highlights
▪ AML3D completes commissioning of a large scale, ARCEMY® X system at the Tennessee Valley Authority, (‘TVA’), the largest US public utility.
▪ The installation completes the $1.97 million TVA system line item of the $2.27m contract, releasing the final milestone payment while qualification work continues.
▪ The order launches the next phase of AML3D’s US growth, building on successful Defence contracts to expand into the Energy Industry.
AML3D Limited (ASX:AL3) ("AML3D" or "the Company") is pleased to announce the successful commissioning of the large scale ARCEMY® X 6700 system (‘ARCEMY® X’) for the Tennessee Valley Authority1 (‘TVA’). The TVA is federally owned and is the sixth-largest power supplier and largest public utility in the USA. The commissioning triggers payment of the final 10.5% of the circa A$1.972 million component of the ARCEMY® contract with the TVA.
The TVA selected AML3D’s advanced manufacturing technology following a competitive tender process that assessed several options. The TVA’s ARCEMY® X is the first system delivered from AML3D US Technology Centre located in Stow Ohio. The system is now operational at the TVA’s Muscle Shoals, Alabama service facility as part of the Utilities power generation repair fleet.
Delivery of the TVA ARCEMY® X contract initiates the next phase of AML3D’s US Scale Up strategy, expansion into new industry sectors. At launch, in 2023, AML3D’s US Growth strategy focussed on the US Defence sector and servicing the US Navy’s Submarine Industrial Base (‘SIB’)2 . The successful deployment of ARCEMY® technology into the SIB supply chain has resulted in a trebling of the US Defence opportunity into servicing the US Navy’s Marine Industrial Base (‘MIB’)3 , which includes surface ships and munitions. The next phase of US growth includes further expansion into the US Utilities, Aerospace, Nuclear, Oil & Gas and Marine sectors.
AML3D CEO, Sean Ebert said: “Delivery of the TVA ARCEMY® X order is a strong endorsement of AML3D’s decision to focus on the US and our US Growth strategy. We were always confident we could springboard off our continuing success in supporting the US Defence sector to expand into additional US markets. The TVA contract marks our entry into the Energy and Utilities sectors and we are working hard to open opportunities across several other markets, including Aerospace and Oil and Gas. Even more exciting is the opportunity to use our US playbook to drive growth in the UK and Australia, the AUKUS defence partners and other globally significant markets.”
President of AML3D US, Pete Goumas commented: “It is great to have successfully delivered the first ARCEMY® system built at our recently opened Technology Centre in Stow Ohio. It’s also great to know that our advanced technology solutions won out when compared to alternatives as part of the TVA’s competitive tender process. We are up and running in Stow with huge opportunities to go after. We are becoming ever more embedded in the US Navy’s SIB supply chain. We have received a Letter of Intent, which highlights the key role for AML3D to support the US Navy MIB. That letter highlights the need for up to 100 ARCEMY® systems and around 400 additively manufactured parts in 2026, rising to 1600 parts by 2030. Now, with our successful expansion into the US Utilities sector, we are starting on the next phase of our US growth, which includes accessing the US Aerospace, Oil & Gas and Marine sectors, to name but a few.”
To read the announcement, please click here
About us:
AML3D Limited, a publicly listed technology company founded in 2014, utilises new technologies to pioneer and lead metal additive manufacturing globally. Disrupting the traditional manufacturing space, AML3D has developed and patented a Wire Additive Manufacturing (WAM®) process that metal 3D prints commercial, large-scale parts for Aerospace, Defence, Maritime, Manufacturing, Mining and Oil & Gas. AML3D provides parts contract manufacturing, from its Technology Centre in Adelaide Australia, and is the OEM of ARCEMY®, an industrial metal 3D printing system that combines IIoT and Industry 4.0 to enable manufacturers to become globally competitive.
To learn more, please visit: www.aml3d.com
Contact details:
For more information, please contact:
Sean Ebert
Managing Director
AML3D Limited
+61 8 8258 2658
[email protected]
Hamish McEwin
Chief Financial Officer
AML3D Limited
+61 8 8258 2658
[email protected]
Investor Relations
The Capital Network
Julia Maguire
+61 2 7257 7338
[email protected]