Tennessee, USA – 3 December 2024 | Amaero International Limited (ASX:3DA) (“Amaero” or “the Company”) is pleased to announce the signing of a three-year supply agreement with The Perryman Company (“Perryman”) – a global leader in titanium melt and forging. The signed agreement establishes Perryman as Amaero’s preferred supplier of high-quality US-melt and forged titanium alloy bar feedstock, further strengthening Amaero’s vertically-integrated supply chain in the USA for manufacturing.
Highlights:
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Long-Term Partnership:
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Perryman will be the exclusive provider of titanium alloy bar feedstock for Amaero’s production of premium spherical powders, which are used in additive and advanced manufacturing processes.
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The agreement includes a baseline price for the upcoming year (2025), with fixed annual increases and a variable raw material surcharge indexed to market prices for Ti64.
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Supply Commitments:
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Minimum annual order thresholds will be 45 metric tonnes in 2025, increasing to 100 metric tonnes in 2026 and 2027, currently with no upper volume limit.
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Amaero also retains its right to be flexible and adjust its volumes to meet customer demand.
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Support for Domestic Manufacturing:
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The agreement supports Amaero’s mission to bolster the US domestic supply chain for critical materials, including titanium and refractory alloy powders, which are essential for the defense, aerospace, and energy sectors.
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Speaking about the agreement, Hank J. Holland, Amaero’s Chairman and CEO, stated: “Amaero aims to be the premium C103, refractory and titanium spherical powder producer with a vertically-integrated U.S. domestic supply chain. Securing a long-term U.S.-sourced supply agreement for titanium bar from a global leader in titanium melt and forging is an important milestone for Amaero and an important step towards securing a U.S. domestic supply chain for additive / advanced manufacturing of titanium end-parts.
Amaero has taken bold actions and made decisive investments to commission the largest U.S. domestic atomisation capacity for C103, refractory and titanium alloy powders. After decades of offshoring manufacturing, we have atrophied our manufacturing capabilities, we have created critical vulnerabilities in the domestic supply chain and we have lost approximately 40% of the domestic manufacturing workforce. Acting with a sense of urgency to improve the resiliency and the scalability of the U.S. domestic manufacturing and supply chain ecosystem is an imperative for both national security and for economic prosperity.
We are excited to establish a strategic partnership with Perryman and look forward to growing the breadth and the scale of the preferred supplier relationship.”
Building US Atomisation Capacity
Amaero has made significant investments to establish the largest domestic atomisation capacity for C103, refractory, and titanium alloy powders, underscoring its commitment to restoring US manufacturing leadership.
About The Perryman Company
More than three decades ago, James Perryman Sr. laid the foundation for our company and established the guiding principle of “good enough is never good enough.” The consistent commitment to quality and its customer-centric culture, have established Perryman as a global leader in the manufacturing of titanium products. As a fully-integrated U.S. domestic producer, Perryman has a complete range of capabilities to melt ingots and produce a full complement of the highest quality titanium products.
For further information, please contact:
Hank J. Holland
Chairman and CEO
hank.holland@amaeroinc.com
Jane Morgan
Media & Investor Enquiries
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 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.
Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
jm@janemorganmanagement.com.au
