Australia's AML3D hits 10-week high on European patent grant

AML3D

25/07/2023 03:04

** Shares of AML3D Ltd  AL3.AX  rise as much as 5.9% to
A$0.07, hitting their highest level since May 19
    ** Co says it was granted European patent for its wire
additive manufacturing process
    ** Adds co plans, over the medium term, to leverage its
European technology leadership and US scale up playbook to
target sales to OEMs supporting European defence, marine and
aerospace industries
    ** YTD, stock down 12.8% this year

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com))