AML3D Limited (ASX: AL3) has reported excellent first stage product testing progress with Lightforce Australia Pty Ltd for the development of next-generation ‘made- to-fit’ titanium body armour.
The successful results will allow both groups to move forward with the next stages of product development trials under the terms of their Memorandum of Understanding (MOU).
Managing Director, Andrew Sales, said these successful tests have significantly increased the materiality of the MOU to AML3D given both groups now have a clear path towards product development.
Mr Sales said AML3D is an ideal partner for Lightforce given the advanced capabilities of AML3D’s Wire Additive Manufacturing (WAM) technology. WAM possesses the ability to produce variable, made-to-fit, components and plates rapidly, a function not possible using traditional subtractive techniques (forging, casting).
WAM produced titanium body armour has the potential to provide enhanced strength and reduced weight, resulting in the highest degree of protection for defence and law enforcement personnel.
Mr Sales said this truly disruptive concept would be a world-first offering in an industry expected to exceed US$3 billion by 2025.
Progression to commercialisation has the potential to result in significant contract manufacturing revenues for AML3D as the product is adopted throughout Lightforce’s established customer base.
Upon the successful completion of the entire product development programme, Mr Sales said AML3D and Lightforce will look to formalise a commercial contract manufacturing agreement.