The directors behind South Australian 3D printing start-up AML3D are targeting a global expansion on the back of a planned IPO and ASX listing next month.
The niche business has launched the IPO to raise $9 million through the offer of 45 million shares at $0.20 each.
If successful, the exercise will allow AML3D to increase its production capacity with the establishment of a manufacturing base in Singapore.
Funds will be used to relocate and expand the company’s Adelaide Contract Manufacturing Centre, and increase the sales and marketing presence in Asia with an initial focus on Singapore.
“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 company said in its prospectus.
“[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 company said it would also pursue other global business opportunities, initially focusing on the creation of customer and industry partnerships in high-margin industries such as the defence sector.
Large-scale 3D printing
Founded in 2014, AML3D is a specialised welding, robotics, metallurgy and software business which uses wire arc additive manufacturing (WAM) technology to produce metal components and structures.
The company provides commercial, large-scale metal 3D printing services to various industries and has developed its own proprietary software known as WAMSoft to accompany each solution.
WAMSoft combines metallurgical science and engineering design to fully automate the 3D printing process utilising advanced robotics technology.
It allows for a tailored approach to client needs by enabling different pathways and welding operations for various products and materials.
AML3D has already secured commercial contracts with a host of Australian, Singaporean and European clients.
It has also entered into a “rent to buy” agreement with Singapore’s ST Engineering for the delivery of its first Arcemy module.
AML3D said it would continue to market Arcemy to companies within the defence, marine, mining and oil and gas sectors which are looking to establish in-house wire arc additive manufacturing capability, including companies operating in remote locations.
Wire arc additive manufacturing is a 3D printing process which combines electric arc welding technology as a heat source and wire as a feedstock, creating high performance, industrial-scale metal components and structures in a free-form environment.
The process focuses thermal energy to fuse materials together by melting as they are deposited layer by layer.
WAM can reportedly reduce material waste by 80% or more and can significantly reduce manufacturing time compared to traditional subtractive manufacturing methods such as casting, forging, machining and fabrication.
AML3D intends to trade under ASX ticker code ‘AL3’.