AML3D Secures AU$2 Million Order From US Utility for 3D Printing System; Shares Down 4%

MT Newswires Live

2024/12/09

Technology company AML3D's (ASX:AL3) US entity, AML3D USA, secured an order worth about AU$2.3 million for a 6700 Edition Arcemy X 3D printing system and material qualifications from power supplier Tennessee Valley Authority (TVA), according to a Monday filing with the Australian bourse.

The system will be installed at TVA's Alabama facility to support its power generation repair fleet, with final commissioning anticipated in the latter half of 2025, the filing said.

The contract includes an initial two-year service and maintenance with an option for extension, according to the filing.

Shares fell nearly 4% in afternoon trade Monday.

Price (AUD): $0.20, Change: $-0.01, Percent Change: -3.81%

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