AML3D Commissions ARCEMY X 6700 System for TVA

MT Newswires Live08-04

AML3D (ASX:AL3) said the large-scale ARCEMY X 6700 system, its advanced manufacturing technology, for the Tennessee Valley Authority (TVA) has been successfully commissioned, according to a Monday Australian bourse filing.

The commissioning triggers payment of the final 10.5% of the about AU$2 million component of the ARCEMY contract with the TVA.

The system is now operational at the TVA's Muscle Shoals in Alabama service facility as part of the Utilities power generation repair fleet.

The company said it now aims to grow further into US utilities, aerospace, nuclear, oil & gas, and marine industries.

The company's shares fell nearly 2% in recent Monday trade.

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