AML3D (ASX:AL3) is pleased to announce the execution of a contract with Austal (ASX:ASB) to co-develop components for maritime defence applications.
The contract evolved from an MoU formed with Austal in August 2019.
AML3D to design a personnel lifting device for manufacture using WAM® technology.
The lifting device is intended for installation on-board naval vessels constructed by Austal.
Austal is interested in exploring WAM®’s robotic capabilities in large scale ship module constructions.
Shares in AML3D (ASX:AL3) are trading 0.29 per cent higher at $3.40.