The order for the 6700 Edition ARCEMY system, AML3D’s largest industrial-grade metal printing system, is valued at approximately 2.5 million AUD (approximately 1.6 million USD).
The importance of this order for AML3D is reflected in the company’s strategy to strengthen its presence in the US market, the world’s largest additive manufacturing market.
Cogitic, based in Colorado Springs, is known for its innovative engineering and use of advanced technologies to solve manufacturing problems. The investment in the ARCEMY system is a step towards further strengthening these capabilities. This purchase, which is expected to be fully operational by mid-2024, underscores the importance of 3D printing solutions in critical defense applications.
AML3D CEO Sean Ebert said: “This purchase contract with Cogitic Corporation is further evidence of 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.
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 our ARCEMY systems.
AML3D is committed to providing the US Defence sector with point of need advanced manufacturing solutions and to developing and deepening our long-term, 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.”