Amaero, a company specializing in additive manufacturing of aerospace components, has listed on the Australian Securities Exchange (ASX) following an IPO that raised $8 million at 20c per share.
Seeking to expand its operations from its sites in South Australia and Victoria, according to company chairman David Hanna, will be used to assist a short, medium and long-term growth. This includes “the purchase of new 3D printers […] as well as research and development and working capital.”
“Our immediate focus,” Hanna continues, “is on addressable commercial opportunities while ensuring we are well placed to assist current customers with future additive manufacturing platforms.”
Australian commercialization and incubator program Innovyz has been partly credited for Amero’s success leading up to ASX listing. This company will continue to work with Amaero on its development and growth goals.
A specialist aerospace additive manufacturing partner
Amaero was founded in 2013 as a spinout of the Monash University Centre for Additive Manufacturing (MCAM) in Melbourne, Australia. Continuing to work closely with Monash, where the majority of its activity takes place, the company has since established operations in South Australia’s capital through a partnership with the University of Adelaide. Its U.S. subsidiary, AM Aero, is located in El Segundo, Los Angeles.
Leveraging the power of PBF and DED metal 3D printing technologies the company manufactures high performing components for the aerospace industry. One of its most notable projects to date has been a 3D printed jet engine developed for leading French aerospace component manufacturer Safran Power Units. More recently, the company also confirmed its involvement in “Project X,” Next Aero and Woodside Energy’s efforts in creating an efficient aerospike engine.
For metal 3D printing, Amaero utilizes a fleet of five PBF systems, including a Concept Laser XLine 1000R and two EOSINT 280Ms. Accommodating components up to 4000 x 1500 x 750mm, the company also has a DED system – the Trumpf 7040 Laser Cell Powder Deposition facility.
A “remarkable achievement” for Monash spinout
In addition to its production activities, Amaero has secured licensing rights for a high-strength titanium alloy and an aluminum-scandium alloy developed at Monash University, as well as an exclusive U.S. distribution agreement “for the world’s fastest laser-based powder bed 3D printer.”
Following ASX listing, Barrie Finnin will continue on as Amaero’s CEO. Professor Margaret Gardner AO, President and Vice-Chancellor of Monash University, has spoken in support of the listing and the company’s continued collaboration with this institution. “Amaero’s listing on the ASX is a remarkable achievement for a company that developed from research application in the Monash University Centre for Additive Manufacturing just six years ago,” Professor Gardner said.
“With extensive experience in additive manufacturing, backed by cutting-edge research at Monash University, Amaero has the potential, with the right partners, to deliver world-class, transformational solutions to the aviation and defence sectors.”
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Featured image shows Amero turbine engine design. Photo via Amaero