Australia's AML3D rises as co sells printing system to Curtin University

AML3D

23/06/2023 05:49

** Shares of contract manufacturing services provider AML3D
 AL3.AX  rise as much as 3.6% to A$0.057, on track for best week
since the week to March 17 - if gains hold
    ** Co announces the sale of a medium-level enterprise ARCEMY
wire additive manufacturing metal 3D printing system to Curtin
University in Perth
    ** The sale, valued A$1 mln ($669,700.00), aligns with co's
strategy of increasing the proportion of its revenue from sales
of ARCEMY systems - co
    ** Says the ARCEMY system will complement existing
small-scale R&D capabilities in Curtin's new additive
manufacturing microfactory facility
    ** Stock down ~29.5% this year, as of last close 
    



($1 = 1.4932 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))