Amaero invests $71 million in additive future

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 not reveal where the money was spent. However the company announced its departure from Australian manufacturing operations in 2023 to focus on a planned titanium powder factory in Tennessee.

The facility’s first EIGA gas atomiser is to be dedicated to refractory alloy powder, C103 (niobium 89%,-hafnium 10%,-titanium 1%), for hypersonic and space applications.

In an investor presentation dated the company estimated that EBITDA breakeven would be achieved in calendar year 2025.

The company now expects that EBITDA breakeven will be achieved in fiscal year 2026, assuming it achieves qualification of C103 prior to end of 2nd quarter of FY2025.

The estimate attributes revenue to its offtake agreement for the powder, to scaling production of first atomiser over calendar year 2025 and to commercial demand for isostatic powder pressing (IPP) manufactured components.

Further reading:
Amaero to cut remaining ties with Australia, focus on US

Picture: Hank Holland, Chairman and CEO of Amaero International