Amaero International Ltd (ASX:3DA) creates large format, complex components in metal with laser-based additive manufacturing for the defence, aerospace and automotive sectors. The company, works with several of the world’s leading manufacturers of aerospace and defence products, delivering both design & prototype and manufacturing capability. Amaero has reported Q3 FY21 operating cash outflow of $1.06m, which included $0.58m in government grants. Cash receipts ticked up to $0.09m and cash expenditure, including research and development costs were down slightly on Q2, demonstrating good cost containment. The company ended Q3 FY21 with $12.6m net cash. Key highlights for the quarter include Amaero successfully printing tooling for the Fletcher’s Glass application in the production geometry which validates Amaero’s patent application and will lead to testing in the production geometry in the production alloy in this quarter; the collaboration with Rio Tinto on the development of supply chain for Amaero’s High Operating Temperature Aluminium Alloy, “HOT AI”, and purchase orders from Nissan Casting Australia for the supply of tool steel inserts and Raytheon Intelligence and Space for additive manufactured components in new materials. Amaero has also appointed 3D printing industry veteran Mr Tuan TranPham to its industry advisory board. Mr TranPham previously held the positions of Chief Revenue Officer at Desktop Metal (NYSE:DM), National Sales & marketing Director at GE Additive, National Sales Manager for Stratasys and National Sales Manager for 3D Systems.
27 Apr 2021
Progressing the oppirtunities in Q3 FY21
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Progressing the oppirtunities in Q3 FY21
Amaero International Ltd (ASX:3DA) creates large format, complex components in metal with laser-based additive manufacturing for the defence, aerospace and automotive sectors. The company, works with several of the world’s leading manufacturers of aerospace and defence products, delivering both design & prototype and manufacturing capability. Amaero has reported Q3 FY21 operating cash outflow of $1.06m, which included $0.58m in government grants. Cash receipts ticked up to $0.09m and cash expenditure, including research and development costs were down slightly on Q2, demonstrating good cost containment. The company ended Q3 FY21 with $12.6m net cash. Key highlights for the quarter include Amaero successfully printing tooling for the Fletcher’s Glass application in the production geometry which validates Amaero’s patent application and will lead to testing in the production geometry in the production alloy in this quarter; the collaboration with Rio Tinto on the development of supply chain for Amaero’s High Operating Temperature Aluminium Alloy, “HOT AI”, and purchase orders from Nissan Casting Australia for the supply of tool steel inserts and Raytheon Intelligence and Space for additive manufactured components in new materials. Amaero has also appointed 3D printing industry veteran Mr Tuan TranPham to its industry advisory board. Mr TranPham previously held the positions of Chief Revenue Officer at Desktop Metal (NYSE:DM), National Sales & marketing Director at GE Additive, National Sales Manager for Stratasys and National Sales Manager for 3D Systems.