AML3D Limited (ASX:AL3) ("AML3D" or "the Company") is pleased to announce the signing of a 64-month lease that establishes AML3D’s US headquarters and manufacturing facility (‘US Hub’). The US Hub is located within a manufacturing and industrial district at Stow, Ohio that has excellent national and international transport links to allow AML3D to effectively support it US customer base. The US Hub represents a new round of investment to support AML3D’s high growth US ‘Scale up’ strategy following the recent, successful $6.9 capital raising.
Since it was launched in 2023, AML3D’s US ‘Scale up’ strategy has delivered ~$12.2 million of US defence sub-contracts that are being supported from the company’s Adelaide based facilities. The demand for AML3D’s advanced manufacturing technology within the US is continuing to grow strongly, particularly within the Defence sector with an emphasis on supporting the US Navy’s submarine industrial base. The establishment of the US Hub is expected drive a significant increase in Defence contract wins and support an expansion into the US Marine, Oil & Gas and Aerospace sectors. AML3D is also planning to leverage the US Hub to bid for ITAR and other US only controlled information Defence contracts, that are restricted to US based manufacturers.
The US Hub is based in a modern, ready to use, manufacturing facility including fabrication space, loading dock facilities and office space, which will require minimal capex to become fully operational. The US Hub’s location at Stow, Ohio not only allows ease of access to transport infrastructure to service US customers but also to the supporting industries and materials required for AML3D’s advanced manufacturing processes. The US Hub is expected to be operational in Q1 FY25 and to be AML3D’s US corporate headquarters and base for the Company’s US direct sales, administration and technical teams, led by Pete Goumas, President & CEO of AML3D USA, Inc..
AML3D President & CEO of US Operations, Pete Goumas said: