3D Metalforge advised that it has signed a binding Channel Partner Agreement (Agreement) with IKM Measurement Services Australia Pty Ltd. (IKMMSA). The Agreement is part of 3D Metalforge's strategy to build a footprint in the Australian oil & gas, resources and maritime additive manufacturing market and for IKM MSA to bring the latest AM technology to its customers. The non-exclusive Agreement appoints IKM MSA as an authorised partner to promote and represent 3D Metalforge's products and services to its customers in Australia and South East Asia for a three year period, followed by an option for an additional two years.

During the Agreement, both parties will explore the possibility to expand this agreement to a global agreement. Headquartered in Perth, Western Australia, IKM MSA is a subdivision of the IKM Group, and is a specialist service provider to the oil & gas, mining, transport and construction industries. IKM MSA offers calibration services from a NATA Accredited Laboratory as well as providing services to customer assets offshore, and acts as a supplier for test instruments and rental of measurement and major capital equipment.

The wider IKM Group employs 2,500 people within 45 companies in 12 regions. The Agreement is a joint opportunity for these two companies to collaborate together with IKM MSA giving its customers the opportunity to explore AM technologies to produce parts faster, more cost effectively and as a means to bypass supply chain challenges. 3D Metalforge's full range of AM services can provide benefits across the whole value chain, including identifying suitable parts for AM, design upgrades, part production and ultimately on-site production of parts on demand at the point of use.

Key terms of this agreement include that IKM MSA will present and promote 3D Metalforge's capabilities, products, and services to its clients as well as introduce clients to 3D Metalforge for direct management. The Agreement is non-exclusive for both parties, and may be terminated by either party giving 60 days' notice of termination in writing to the other party. Both parties will bear their own costs.

Other terms are consistent with agreements of this nature.