Monday, 09 December 2019 13:08

Amaero follows $8m capital raising with ASX debut Featured

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Amaero follows $8m capital raising with ASX debut Image stuart miles, FreeDigitalPhotos.net

Australian 3D printing business, Amaero International, has listed on the ASX following a capital raising of $8 million.

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.

Innovyz is chaired by David Hanna - also Monash University’s Director of Business Strategy - who said that “the use of metal 3D printing is growing rapidly in the aerospace, defence, and industrial sectors with manufacturers competing to secure the latest technology to improve their product capabilities”.

“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.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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