AML3D

Based in Australia, AML3D develops a patented wire additive manufacturing process that 3D prints metal parts for the aerospace, defense, maritime, manufacturing, mining, and oil and gas industries. The printer system named ARCEMY is a medium to large-scale metal 3D printer that combines welding science, automation, and proprietary software to deposit molten wire layer by layer in a controlled manner. 

The company claims that its technology can manufacture large parts 70% cheaper than traditional technologies, increase build speed by 75%, and reduce wastage by up to 85%.

AML3D received a European patent for its Wire Additive Manufacturing (WAM) process in July 2023.

Key customers and partnerships

AML3D was contracted by BAE Systems Maritime Australia in November 2022 to develop prototype warship parts for the Royal Australian Navy. In April 2023, the company signed an exclusive US value-added reseller agreement with Phillips Corporation, a manufacturer and sales partner to the US Federal Government including the US Navy, Air Force, and Army. In March 2023, it also entered a contract with the DOD for an alloy characterization and testing program supporting the US Navy submarine industrial base. The company also had a partnership with Boeing to print aluminum prototype airplane parts. 

In June 2022, AML3D received an order from ExxonMobil to additively manufacture a commercial pressure vessel. In November 2022, the company also received an order from Chevron to produce two subsea pipeline fittings using the WAM technology.

Funding and financials

In FY2022, AML3D increased its revenue by 200% YoY, reaching USD 2 million. Its revenue growth was driven by the sale of ARCEMY printer systems. However, the company reported a net loss of USD 5.9 million over the same period. The loss was partly attributable to the high level of R&D expenses (USD 1.6 million in FY2022). In February 2023, AML3D raised USD 3 million to expand its presence in the US.

In April 2024, AML3D announced plans to raise USD 3.9 million in new funding via a rights issue. The company planned to use the funding to build a new manufacturing facility in the US and expand its employee base. Based in Ohio, the facility will operate as the company’s new headquarters and be used to produce advanced manufacturing systems, fulfill contract manufacturing, alloy testing and prototyping contracts, and house the company’s US sales and operating functions.  The company later confirmed that it had raised a total of USD 4.6 million through the rights issue and additional placement.