ASX-listed Amaero International Limited (ASX: 3DA), a leading Company in high-value refractory, specialty alloy, and Ti-64 powder production for additive manufacturing, is pleased to announce its strategic partnership with Guggenheim Securities, LLC. Amaero has engaged Guggenheim Securities to explore financing alternatives aimed at supporting capital investment for its manufacturing facility located in McDonald, Tennessee.
Amaero is uniquely positioned to take advantage of the growing need to reshore advanced manufacturing and defense production to the United States. With the surge in metal additive manufacturing and the increasing demand for high-temperature materials, the Company is poised for exceptional growth.
The key objectives of this partnership are to complete the fit-out of Amaero's flagship facility in Tennessee, commission the first atomizer, commence powder production, and secure commercial offtake and supply agreements. Amaero estimates that over the next three years, capital expenses will total A$60 million. The financing plan includes a combination of equity and equipment-secured financing, with powder production set to begin in the September 2024 quarter and commercial sales in January 2025, leading to anticipated breakeven operations in CY2025.
Hank Holland, Amaero’s Chairman and CEO, expressed his commitment to maximising shareholder value while positioning the company as the largest and preferred supplier of C-103, specialty alloy, and Ti-64 powder in the United States. He stated, "Amaero has an extraordinary and timely opportunity, given the strategic imperative to reshore critical and strategic advanced manufacturing and defense production to the U.S., the secular growth of additive manufacturing, and the step function demand for high-temperature alloy powders."
Holland emphasised, "As I continue to work closely with the Board to evaluate strategic financing alternatives, the executive leadership team will remain focused on delivering transformative milestones that include completing the fit-out of our flagship facility in Tennessee, commissioning the 1st atomizer, commencing powder production, and securing commercial offtake and supply agreements."
The engagement with Guggenheim Securities will focus on strategic investors and financial sponsors in the U.S., aiming to secure the necessary growth capital to fund Amaero's strategic initiatives while maintaining a strong financial position and maximizing long-term shareholder value.
About us:
Amaero International Limited is an ASX-listed company focused on high-value refractory, specialty alloy, and Ti-64 powder production for additive manufacturing of mission-critical components for the defense, space, and aviation industries.
Contact details:
Jane Morgan