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AML3D raises USD 2.24 million in grant funding for ARCEMY Increase Deposition Rates (AIDR) project
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Jun 4, 2024
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Additive Manufacturing

Additive Manufacturing

Jun 4, 2024

AML3D raises USD 2.24 million in grant funding for ARCEMY Increase Deposition Rates (AIDR) project

Funding

  • AML3D, an Australian developer of additive manufacturing solutions, announced that it has secured a grant worth of USD 1.12 million from the South Australia's Economic Recovery Fund (ERF)

  • The company plans to use the grant funding as well as an additional USD 1.12 million, to fund its ARCEMY increase deposition rates (AIDR) project, which seeks to  improve upon AML3D’s wire arc advanced manufacturing technology. 

  • Tthe project, which is scheduled to begin in August 2024, will continue for 15 months, and source metal 3D printing consumables from South Australian suppliers.

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