Technology company AML3D (ASX:AL3) said the ARCEMY X-Edition 6700 Wire-Arc Additive Manufacturing metal 3D printing system ordered by US Navy supplier Cogitic Corporation is now commissioned and operational, according to a Monday filing with the Australian Securities Exchange.
The order, valued at around AU$2.5 million, included staged payment upon meeting delivery and installation milestones.
The final payments, representing the remaining 50% of the order value, were triggered after the completion of testing and installation in June and final commissioning in July, the filing said.
Shares fell 3% in morning trading.
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