Skip to content
Finance Investment, Oil Mining Resources

Amaero International Limited (ASX:3DA) – Atomiser On Schedule to Be Commissioned By 30 June

Amaero International Limited (ASX:3DA) 2 mins read
  • Installation and cold testing of atomiser completed. Hot testing has commenced and commissioning of atomiser is expected by 30 June.
  • In conjunction with commissioning, Amaero expects to produce 2 tonnes of titanium alloy (Ti64) powder.

  • Initial samples of C103 powder expected to be delivered to offtake counterparty by mid- August.

  • Qualification of C103 powder is expected to be achieved in the 2nd quarter FY2025 and commercial sales are expected to commence in the 3rd quarter FY2025.

Amaero International Limited (ASX:3DA) (“Amaero” or “the Company”) is pleased to announce that the commissioning of the first atomiser is on schedule and expected to be completed by 30 June.

Hank Holland, Chairman and CEO commented on the progress:

“Based on progress to date at our Tennessee facility, with the atomiser installation completed and testing on schedule, we are pleased to confirm prior guidance that we expect the atomiser to be commissioned by 30 June. The expected commissioning and production of the Ti64 powder, followed by the delivery of C103 powder samples, demonstrate our commitment to act with urgency to meet the demands of our offtake counterparty and of stakeholders across the ecosystem. Given the geopolitical backdrop and the priority national policy initiatives, we will continue to advance the scale and the responsiveness of our manufacturing capability to address gaps in U.S. domestic industrial base capabilities and to improve resiliency of the supply chain.”

Hank Holland, Eric Bono (President and CTO), Jay Chandran (Chief Operating Officer) and Amaero’s leadership team recently met with the construction contractor, design / engineering consultant and lead atomiser technician at the facility in Tennessee and are pleased to provide the following update.

  • The fit out construction of Phase I, the powder production / processing area and laboratory, are on schedule. The installation and cold testing of the atomiser have been completed.
  • Hot testing of atomiser has commenced on schedule.

  • In conjunction with commissioning, Amaero expects to produce 2 tonnes of titanium alloy (Ti64) powder.

  • Upon commissioning, Amaero will clean the atomiser and immediately commence parameter optimization for production of C103 powder.

  • Amaero expects to deliver initial samples of C103 powder to offtake counterparty by mid-August. As previously communicated, qualification of C103 powder is expected to be achieved in the 2nd quarter FY2025 and commercial sales are expected to commence in the 3rd quarter FY2025.


About us:

Amaero International Limited is an ASX-listed company focused on production of high-value refractory, specialty and titanium alloy powders for additive manufacturing of mission-critical components for the defence, space and aviation industries.


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

Media

More from this category

  • Finance Investment
  • 21/06/2024
  • 19:52
BTCC Exchange

BTCC Exchange Celebrates 13 Years with Major Milestones and Exciting New Features

VILNIUS, Lithuania, June 21, 2024 (GLOBE NEWSWIRE) -- BTCC Exchange, a leading global cryptocurrency platform, proudly celebrates its 13th anniversary this June, marking over a decade of innovation and commitment to the community. The exchange has achieved major milestones in registered users and trading volume and has new features in store for its users.A Media Snippet accompanying this announcement is available by clicking on this linkIn its 13th year, BTCC reached significant milestones, witnessing its 4th Bitcoin halving with futures trading volume hitting 16.2 billion USDT on April 20, 2024, from a total registered user base of 2.8 million. To…

  • Finance Investment
  • 20/06/2024
  • 23:52
Intech

Intech Launches U.S. Small-Mid Cap Enhanced Plus Strategy with Over a Half Billion in Initial Funding

WEST PALM BEACH, Fla., June 20, 2024 (GLOBE NEWSWIRE) -- Intech, a global quantitative equity manager, proudly announces the launch of its U.S. Small-Mid Cap (SMID) Enhanced Plus strategy, backed by a substantial initial investment exceeding half a billion dollars. This new mandate underscores Intech’s sustained growth and strategic innovation, setting Intech U.S. Small-Mid Cap Enhanced Plus strategy apart from competitors with its unique approach and competitive fee structure.1Key Differentiators in a Competitive MarketDistinctive Alpha Source: Aims to use stock price volatility and correlations to deliver an uncorrelated alpha source for portfolios.Enhanced Indexing: Moderate, systematic deviations from the index seek…

  • Oil Mining Resources
  • 20/06/2024
  • 19:22
Robex Resources Inc.

Robex Announces Filing of Prospectus Supplement and Amendment To Bridge Facility

QUEBEC CITY, June 20, 2024 (GLOBE NEWSWIRE) -- Robex Resources Inc. (TSXV: RBX) (“Robex” or the “Company”) is pleased to announce that it has filed a prospectus supplement (the "Supplement") to its short form base shelf prospectus dated July 20, 2023 (the "Base Shelf Prospectus") with respect to its previously announced “best efforts” public offering of 50,691,200 units of the Company (each, a “Unit”) at a price of $2.17 per Unit for gross proceeds of $109,999,904. All currency amounts in this news release are stated in Canadian dollars, unless otherwise indicated.The Supplement has been filed with the securities regulatory authorities…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.