9 September 2024 | Amaero International Limited (ASX: 3DA) ("Amaero" or "the Company") is pleased to announce the qualification of its Niobium C103 powder in accordance with ADDMAN Group and its subsidiary Castheon’s technical specifications. This milestone positions Amaero as the largest capacity and most responsive U.S. domestic producer of Niobium C103, refractory, and specialty alloy powders for additive manufacturing.
Highlights:
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Qualification Achieved: Amaero has successfully completed the qualification of its Niobium C103 Additive Manufacturing (AM) powder to ADDMAN Group’s technical specifications. The qualification process was also completed ahead of guidance.
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Offtake Obligation: The qualification of Amaro’s AM powder triggers ADDMAN’s obligation to purchase no less than 2.25 tonnes of C103, with 0.25 tonnes expected to be shipped in 2024 and 2.0 tonnes to ship the following year in 2025.
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Five-Year Preferred Supplier Agreement: Amaero has also entered into a five-year agreement to serve as the primary supplier of C103, refractory, and titanium alloy AM powders to ADDMAN Group and its subsidiaries, including Castheon and Keselowski Advanced Manufacturing (KAM).
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Revenue Impact: The future sales resulting from this agreement are expected to be material to Amaero’s revenue. The anticipated revenue from this agreement is a key factor in the Company’s forecast to achieve EBITDA breakeven by FY2026.
Hank J. Holland, Chairman and CEO of Amaero, stated: “Since I assumed the role of Chairman and CEO in October 2022, we have taken bold and decisive actions to position Amaero as a leading U.S. domestic producer of C103, refractory and titanium alloy AM powder. In order for additive manufacturing to achieve its potential, it’s imperative that we create a more resilient, more scalable, and more responsive U.S. domestic supply chain for C103 and specialty alloy AM powder. And, time is of the essence.
Achieving qualification of C103 with ADDMAN Group and Castheon is a validating and transformative milestone. This strategic collaboration will play a crucial role in demonstrating manufacturing readiness and advancing the integration of additive manufacturing into the most vital and critical defense and space applications.”
Lieutenant General (retired) H.R. McMaster, Special Advisor to Chairman and CEO commented: “Amaero has acted with a sense of urgency to relocate its business to the United States, to attract a leading technical and manufacturing team, and to prioritize production of C103 and refractory alloy AM powders. These were vital efforts to address critical vulnerabilities in U.S. defense and national security supply chains and will help advance hypersonic and strategic missile programs to serial production. Amaero’s scalable production of C103 and refractory alloy powders and Castheon’s leadership position in material science and additive manufacturing demonstrate that it is possible to use cutting-edge technologies to re-shore and scale critical industrial base capabilities that are atrophied to a dangerous level.”
Joe Calmese, CEO of ADDMAN Group, added: “To fully unlock the potential of additive manufacturing, we need to improve the scalability and responsiveness of U.S. production for C103 and specialty alloy AM powders. Amaero’s commitment to these priorities, along with their collaboration with ADDMAN Group and the broader U.S. defense ecosystem, will significantly accelerate the adoption of additive manufacturing and drive important advancements in materials and manufacturing.”
Strategic Importance:
This qualification positions Amaero as a leading domestic supplier of C103 and other specialty alloy powders, which are critical to defense and aerospace industries. The collaboration with ADDMAN Group, which is deeply integrated into the U.S. defense ecosystem already, is expected to generate significant future sales and provide a foundation for Amaero’s growth trajectory.
Hank J. Holland
Chairman and CEO
hank.holland@amaeroinc.com
Jane Morgan
Investor and Media Relations
jm@janemorganmanagement.com.au
About us:
About Amaero International Limited:
Amaero International Limited (ASX:3DA) is an ASX-listed company with manufacturing and corporate headquarters located in Tennessee, USA. Amaero is a leading U.S. domestic producer of high-value C103, refractory alloy, and titanium powders for additive and advanced manufacturing of components utilized by the defense, space, and aviation industries. The technical and manufacturing team brings decades of experience and know-how with pioneering work in gas atomization of refractory and titanium alloys. The company has commissioned advanced gas atomization technology with an industry leading yield of AM powder. The company is also a leader in Isostatic Powder Processing (IPP) manufacturing of large near-net-shape powder metallurgy parts with forged-equivalent material properties and microstructure for a variety of alloys. IPP is helping alleviate the strained domestic supply chain for castings and forgings of large components.
Contact details:
Jane Morgan
Jane Morgan Management
Investor and Media Relations
jm@janemorganmanagement.com.au