Australia's AML3D hits 1-month high on securing order for 3D printing unit

AML3D

20/07/2023 05:09

** Shares of contract manufacturing services provider AML3D
 AL3.AX  jump as much as 20.4% to A$0.065, hit their highest
level since June 13
    ** Co announces sale of an industrial-scale ARCEMY
'X-Edition 6700' Wire Arc Additive Manufacturing metal 3D
printing system for A$1.1 mln ($751,300)
    ** Says the metal printing system to be located at the U.S.
Navy's Additive Manufacturing Center of Excellence in Danville,
Virginia
    ** Adds that installation is anticipated to be completed
early in 2024, while payments are to be made in stages
    ** More than 320,000 shares change hands, compared with the
30-day average volume of about 203,000 shares
    ** Stock down 30.8% this year, as of last close

    ($1 = 1.4641 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))