As the world continues advancing new applications for 3D printing as a more sustainable means of manufacturing, metals tech company AML3D (ASX: AL3) has been engaged by one of the world’s largest oil and gas companies for 3D printed commercial machinery.
The engagement comes from ExxonMobil Asia Pacific which has contracted AML3D to create the world’s largest 3D metal printed pressure component. The 8-tonne pressure vessel will be 8 metres in length by 1.5 metres in diameter and be manufactured using AML3D’s patented Wire Additive Manufacturing (WAM) process.
“Signing this deal with ExxonMobil is a further demonstration of delivery against our multiphase growth strategy. We have a major focus on building our capability and presence in the global Oil and Gas sector as an immediate value driver for the business and this contract absolutely aligns with that objective,” said AML3D Managing Director, Andrew Smith.
“It is also pleasing to note that during discussions with ExxonMobil the advantages of AML3D’s technology over traditional manufacturing were a key consideration. Our proven WAM technology disrupts traditional industrial scale metal manufacturing by producing superior components with a significantly shorter production cycle and a far more sustainable methodology involving less waste and lower energy input.”
Using 3D printing, AML3D expects to manufacture the ordered product within 12 weeks which is four times faster than the 12 months it would take using traditional manufacturing. WAM also bypasses supply chain problems in sourcing raw materials in the current market without compromising performance where the pressure vessel has already been approved and certified by insurer Lloyds for operational use.
Production of the 3D printed 8-tonne vessel will take place at AML3D’s manufacturing facility in Adelaide where it will then undergo extensive x-ray testing and third party inspections.
The total value of the contract will be $190,000 on standard commercial terms with AML3D to deliver the final pressure vessel by September 2022.
The contract win from ExxonMobil comes following recent inspections from Boeing of AML3D’s manufacturing facility as the Aussie 3D manufacturing specialists continue to open doors with some of the world’s largest companies.
The ExxonMobile contract alone is almost equal to the $267k of revenue generated by AML3D in the six months ended 31 December 2021.
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
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