What I really like is that part of the Phase 4 milestone is supplying a successful test print of items stipulated for the BAE Systems Australian frigate project. If they've ticked all BAE's boxes, that could be a very lucrative contract. Also BAE globally is getting more and more into AM manufacturing, so if A3D's is the leading supplier, the door is wide open.
Speaking of contracts, yesterday's article in the market herald suggested an actual contract with BAE already exists though I haven't found anything beyond that they were doing test printing in the announcements. Did I miss something there?
The A3D management have quite a bit of their own shares in this so I'm sure they'll be eager to avoid diluting the shares and it appears they're keen to get some cash coming in from clients instead of just through grants very quickly.
