SYDNEY, Australia, 17 October – Amaero International Limited (ASX: 3DA), a leader in advanced manufacturing technologies, announced significant developments from its September 2024 quarter, marking a key transition from development to commercialisation. The company reported increased revenue from powder sales and near-net-shape part manufacturing via its PM HIP process and secured government grant funding to support its ongoing operations.
Hank J. Holland, Amaero’s Chairman and CEO, stated, "During the Quarter, Amaero achieved important culminating milestones. Notably, we've transitioned from a development, commissioning, and qualification phase to a commercialization and revenue phase whilst continuing to build out the Tennessee facility and to expand production capacity. The Company reported revenue attributable to powder sales and to PM HIP manufacturing and it received funding from a government grant. We expect a continuation of this trend with accelerating growth in the fiscal year 3rd and 4th quarters of FY24. With the ADDMAN qualification of C103 AM powder ahead of schedule, we began an important and strategic commercial relationship. In addition to the near-term offtake obligation of 2.25 tonnes of C103, Amaero commences a 5-year preferred supplier relationship with ADDMAN and its subsidiaries for C103, refractory, and titanium alloy AM powder.
Given Amaero's singular focus and given that Amaero is the largest capacity and most responsive U.S. domestic producer of C103, refractory, and specialty AM powders for additive manufacturing, we are committed to producing the highest quality powders and collaborating with ADDMAN, with U.S. government-funded laboratories and with industry to advance adoption of additive manufacturing and to advance critical programs from development and demonstration to serial production. The United States has established priority initiatives to support and to enable the re-shoring of critical industrial base and supply chain capabilities; further, Amaero addresses key vulnerabilities in the supply chain that include prior reliance on a single U.S. domestic producer of C103 and refractory powder, as well as inadequate capacity and untenable lead times for large castings and forgings.
PM HIP manufacturing of near-net-shape parts is an immediate and viable substitute for large casting and forgings. In order to achieve the 1+2 submarine production target, it's a U.S. national priority to create a more resilient and scalable supply chain to support the submarine industrial base. We are engaging with key stakeholders with a view to securing contracts that would, if secured, materially contribute to Amaero's revenue."
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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 PM HIP (Powder Metallurgy Hot Isostatic Pressing) manufacturing of large, near-net-shape powder metallurgy parts with forged-equivalent material properties and microstructure for a variety of alloys. PM HIP manufacturing is helping alleviate the strained domestic supply chain for large scale castings and forgings.
For further information, please visit: https://www.amaeroinc.com
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Jane Morgan
Investor and Media Relations