AML3D to open multimillion-dollar WAM Tech Center in South Australia
Category: #tech  By Vikas M  Date: 2021-07-10
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AML3D to open multimillion-dollar WAM Tech Center in South Australia

Australian 3D printing firm, AML3D Limited is reportedly planning to inaugurate its multimillion-dollar WAM® (Wire Additive Manufacturing) Technology Centre at an event for industry and customers scheduled on July 9, 2021. The center is known to be funded through an AUD 9 million IPO and AUD 7 million fund raising.

Speaking on the launch, Managing Director of AML3D, Andrew Sales stated that the establishment of this facility has been the company’s long-time dream and marks another milestone alongside its recent patent grant. The new facility will allow AML3D to meet the elevating demand for 3D printing, while conducting extensive technological research and development.

If sources are to be believed, the market potential for AM is estimated as USD 10 billion at present and is expected to reach USD 63 billion by 2026. The technology adoption was propelled by the COVID-19 pandemic, as it created an urge among companies to de-risk complex worldwide supply chains by focusing more on the countries’ sovereign capability.

The technology also benefits from the shifting interest in lower-energy processes, as it is more environment friendly than the conventional manufacturing methods.

Meanwhile, South Australian Minister for Innovation and Skills, David Pisoni stated that its enormously exciting to see AML3D introducing its novel 3D printing technology to the world and creating employment opportunities in advanced manufacturing in South Australia.

He added that the Marshall and Morrison Governments are ensuring the availability of skilled workforce to drive the industrial transformation in South Australia through an investment of around $340 million in jobs training.

AML3D has reportedly quadrupled in size to more than thirty staff in the last twelve months and is welcoming customers like Austal, Flowserve, Boeing, Keppel, Lightforce, Thyssen Krupp, Rowlands Metalworks, BAE Systems and IKAD. Through the opening of the new facility, the company is expecting a 20-25% rise in jobs for the business over the next 12-18 months.

Source credits: https://www.metal-am.com/aml3d-unveils-multimillion-dollar-wam-technology-centre/

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