The directors who are behind South Australian AM firm AML3D are aiming on a worldwide extension on the rear of organized ASX and IPO listing following month. The niche market has unveiled the IPO to collect $9 million via the proposal of 45 million shares at $0.20 each.
If it succeeds, the operation will permit AML3D to grow its manufacturing capability with the founding of a production center in Singapore. The funds will be utilized to relocate and spread the firm’s Adelaide Contract Manufacturing Centre. They will also be utilized to raise their sales and business appearance in Asia with a premier concentration in Singapore.
Here is what the firm stated in its prospectus regarding this: “Following completion of the offer, [we will] seek to expand our revenue model through the establishment of a Singapore Contract Manufacturing Centre and the sale of our proprietary Arcemy integrated 3D printing modules together with the provision of related engineering design and support services and wire feedstock.”
“[The new centre] will provide us with greater exposure to the maritime service industries of Singapore and enable us to compete for contracts in South East Asia with significantly-reduced lead times,” the firm added.
The firm stated it would as well go after other world market opportunities. This is by initially concentrating on the manufacture of the customer and industry partnerships in high-margin sectors like the defense industry.
AML3D was established in 2014 is specialized robotics, metallurgy, welding, and metallurgy, and software business that utilizes wire arc additive manufacturing technology. They use it to make metal pieces and structures. The firm offers commercial full-scale metal additive manufacturing services to different sectors. It has created its own exclusive software called WAMSoft to supplement each solution.
The WAMSoft software mixes engineering design and metallurgical science to completely automate the additive manufacturing procedure using high-level robotics technology.
It enables for a personalized approach to customer requirements. This is by allowing various pathways and welding processes for different materials and products.
AML3D has now acquired commercial deals with a host of Australian, European, and Singaporean customers.
Furthermore, it has joined a rent to buy deal with ST Engineering of Singapore for the performance of its leading Arcemy module.
AML3D stated it would proceed to business Arcemy to firm in the marine, defense, mining and gas and oil industries that are want to build in-house cable arc 3D printing capability. This includes firms working in remote areas.