Melbourne-based Amaero raised the $8 million at 20c a share in an initial public offering (IPO), valuing the company at almost $35 million on a market capitalisation basis.
Established in 2013, through the Monash University Centre for Additive Manufacturing (MCAM) - one of the world’s leading institutes for metals additive manufacturing - Amaero (ASX:3DA) has grown to become a global player in 3D printing services, particularly for the aviation and defence sectors.
Amaero attributes Innovyz, a South Australian-based company that specialises in helping companies commercialise innovation, with playing a crucial role in its recent development leading to the ASX listing, and says the company will continue to be actively involved in its development and growth.
“The value of additive manufacturing is expected to jump from $8.5 billion in 2015, to $34.4 billion by 2025 and I am confident that Amaero will more than play its part.”
Monash University Deputy Vice-Chancellor and Vice President (Enterprise), Professor Ken Sloan, said Amaero was “just one example of how ideas born at Monash have been commercialised to make a profound change to the lives of people and communities across the world”.
“Through the ingenuity of Monash researchers, including students, we’ve been able to develop research collaborations and initiatives to treat anaphylaxis, eradicate dengue fever, purify some of the world’s dirtiest water, prolong the shelf life of powdered dairy products, reduce plastic waste and solve some of Australia’s transport problems, to name a handful of examples,” Professor Sloan said.
Professor Margaret Gardner AO, President and Vice-Chancellor of Monash University, said that “as one of the world’s top 100 universities, Monash continues to work with industry partners and support enterprising opportunities to drive change”.
“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.”