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AML3D Ltd ( (AU:AL3) ) just unveiled an announcement.
AML3D Limited announced that founder and former CEO Andrew Sales has stepped down from his role as Chief Technology Officer and will remain on the board as a non-executive director, with his operational responsibilities to be transitioned to the senior leadership team over a six-month notice period. The board, which does not regard Sales as an independent director due to his recent executive involvement, emphasised his importance in establishing and growing the business since 2014 and indicated it expects his continued board-level contribution to support the company’s ongoing strategic and technological development.
The most recent analyst rating on (AU:AL3) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on AML3D Ltd stock, see the AU:AL3 Stock Forecast page.
More about AML3D Ltd
AML3D Limited is an ASX-listed technology company that specialises in metal additive manufacturing through its patented Wire Additive Manufacturing (WAM) process. As the original equipment manufacturer of ARCEMY industrial metal 3D printing systems, AML3D delivers automated, on-demand, point-of-need production solutions aimed at replacing traditional casting, forging and machining, with a focus on improving cost efficiency and ESG outcomes. Its Industry 4.0-enabled systems and services cater to customers across aerospace, defence, maritime, manufacturing, mining and oil & gas, supported by design engineering, software licensing, technical support, consumables and contract manufacturing services.
Average Trading Volume: 1,493,935
Technical Sentiment Signal: Buy
Current Market Cap: A$93.93M
See more insights into AL3 stock on TipRanks’ Stock Analysis page.