3D printing specialist AML3D establishes a US branch in Ohio

Following a capital raise, Australian 3D printing specialist, AML3D Limited (ASX:AL3), has announced the establishment of a new facility in Ohio. With the new facility, the company aims to increase its capacity and meet the growing demand in the US for advanced manufacturing solutions, particularly in the US defense industry.

To fund the expansion, AML3D is conducting a 1-for-3 non-transferable rights issue to raise up to A$3.9 million at a price of A$0.05 per share.

The Ohio facility will serve as AML3D’s US headquarters and operations center. It will be under the direction of Pete Goumas, the recently appointed President of US Operations. It will build AML3D’s ARCEMY manufacturing systems, fulfill contracts for contract manufacturing, alloy testing and prototyping, and house AML3D’s US sales and operations functions.

Following the successful capital raise, AML3D will be able to rapidly expand its employee base in the U.S. to meet the strong and growing demand for advanced manufacturing technology solutions.

AML3D will also invest in its software and technology to maintain the company’s competitive advantage and expand the applications of its wire-arc additive manufacturing solutions, particularly in support of the U.S. defense sector. This includes expanding AML3D’s software development expertise and capabilities.

AML3D Managing Director, Sean Ebert, commented “In CY2023, the first year of AML3D’s US scale up strategy, the Company secured ~$11.9 million in US Defence contracts alone and we continue to see surging demand in the US for our technology. The completion of this capital raising will provide the funds to establish a US manufacturing and US national sales team in Ohio to ensure we can take full advantage of this surging demand.

Our Ohio based facility will offer greater support to the US Defence sector, ensure we are best positioned to continue to win US Defence contracts and have a springboard from which to enter the additional US manufacturing sectors we have targeted, including Marine, Oil & Gas and Aerospace.

A secondary but important use of the funds to be raised is for investment to continue to develop our software and technology. Our success to date has been built around AML3D’s market leading Wire-Arc Additive Manufacturing solutions meeting the needs of the US Defence sector, particularly the US Navy’s submarine industrial base. The continued investment in our technology is designed to maintain that competitive advantage, to drive growth and create long-term value for our existing and new shareholders.”