FinTechFunding

AML3D: Signs contract with Austal

  • AML3D (AL3) has teamed up with Austal (ASB) to co-develop components for maritime defence applications
  • Under the contract, AML3D will design a personnel lifting device for manufacture using its WAM technology
  • WAM is a 3D printing additive process which allows users to print stronger large-scale components made of metal
  • The lifting device is intended to be installed on-board Austal naval vessels
  • On the market this morning, AML3D shares went up 12.9 per cent and are trading for 52.5 cents, however, the ASX has paused the trading for the morning
  • On the market today, AML3D shares are up 10.8 per cent to trade for 52.5 cents. Meanwhile, Austal is up 0.29 per cent, trading for $3.40 per share
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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