Austal (ASX:ASB) executes contract with AML3D - Sequoia Direct

03SepSeptember 3, 2020

Austal (ASX:ASB) executes contract with AML3D

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/286736/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/Headlines04_360_200903.jpg’]

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.

Copyright 2020 – Finance News Network

Source: Finance News Network

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