Ann: Preliminary Final Report, page-4

Definitely some green shoots here.

"In July 2021, maybe our most significant milestone was announced, being the printing at 1.5 kilowatts of laser power on a consistent basis
with high integrity and repeatability- an achievement not evident in known commercialised printers.

We now look forward with great optimism to the delivery of Milestone 4, being achievement of customer specification for print quality,
functionality and production cost. This will involve us printing directly for customers such as our recently announced engagement to
undertake prints for BAE Systems Maritime Australia’s Hunter Class Frigate Program. In addition to this, we continue to work actively in
the AdditiveNow Joint Venture with Worley to establish commercial printing contracts with participants in the Mining and Oil & Gas
industries. We continue to collaborate with groups such as Gränges of Sweden to test and identify their materials suitable for powder bed
fusion printing.

With commercial readiness now clearly in sight, we have commenced the process of actively engaging with groups that may well present
as potential partners for A3D into the future. We look forward to reporting developments in this regard as we move through 2022."