Additive manufacturer Amaero International has completed an upsized institutional placement to raise $25 million following strong support from existing institutional shareholders as well as from new Australian and international institutions. The company will use funds raised primarily to fund the purchase of capital equipment including a second atomizer and improvements to the company’s headquarters in…
Additive manufacturing technology company Amaero International has revealed that its capital expenditures over the 3-year period of FY2024-FY2026 was $71.3 million. The company also said that capital expenditure for FY2024 was $11.2 million, compared to earlier estimates of $18.6 million, with $7.4 million of capital expenditures budgeted for the year deferred to FY2025. Amaero did…
Amaero International’s board has decided to end operations in Australia, following the July announcement that it will locate its R&D, corporate headquarters and planned titanium powder factory in Tennessee. As its ASX statement on Tuesday put it, the company “resolved to commence the cessation of its operations in Australia”, reflecting a “commitment to focus its…
Additive manufacturing company Amaero International has said decisive action from the State of Tennessee in coordinating incentives will see the company locate its titanium powder factory — “as well as Amaero’s research & development and corporate headquarters” — in the United States. The company, which was spun out of Monash University in Melbourne, cited commitments…
Additive manufacturing business Amaero International has announced two settlements, cumulatively worth $730,000, related to its aborted plans to build a metal powders plant in Melbourne. In a statement to the ASX on Wednesday morning, Amaero said it had settled a dispute with MTAA Superannuation Fund and JG Service “relating to the Agreement for Lease of…
The reason why additive manufacturing group Amaero abandoned plans to build a titanium alloy powders plant in Victoria has been revealed in a statement to the ASX. The plant will instead be constructed in the United Arab Emirates supported by investment funds made possible by that country’s defence offsets programme. In September Amaero dumped a…
Additive manufacturing manufacturer Amaero International has revamped its senior leadership team and dumped plans to build a titanium powder manufacturing facility in Victoria. The company did not give a reason for dumping the plant, except to say that it was the outcome of a strategic review, now completed. As recently as June this year Amaero…
Metal additive manufacturing company Amaero International has given a short update saying it is on-schedule for production-readiness at its titanium alloy powder factory by the end of the year.
Additive manufacturing technology company Amaero International has issued a generally positive quarterly report on business activities that notes delays affecting many of the company’s major projects. While good progress was reported on the company’s titanium powder project, Covid-19 supply chain issues have delayed the company’s developments with Fletcher Insulation and Rio Tinto. Amaero’s Middle Eastern…
ASX- listed additive manufacturing specialist Amaero International has signed a heads of agreement with Gilmour Space Technologies, expected to lead to a supply of various rocket motor components worth $1.7 million over three years.
