AML3D Limited (ASX: AL3) has recently revealed a significant order from Cogitic Corporation ("Cogitic"), a key supplier of components to the US Navy's Submarine Industrial base. The ruling pertains to the ARCEMY system, specifically the 6700 Edition, which represents AML3D's largest industrial-scale metal 3D printing system. This cutting-edge technology is designed to manufacture components for various defense applications, including those for the US Navy.
Cogitic, headquartered in Colorado Springs, specializes in intricate geometry components and assemblies, catering to critical marine defense and related sectors with applications that demand utmost reliability. The purchase of the ARCEMY system by Cogitic amounts to approximately AU$2.5 million (US$1.6 million), with a 50% upfront payment and the remaining balance to be settled post testing, installation, and commissioning. The final commissioning of the system is anticipated to take place in mid-calendar 2024.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
