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Integrated metal 3D printing developer Amaero International has announced a cessation of its operations in Australia.
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Amaero International, which produces prototyping and manufacturing for aerospace, defence, and tooling, has announced the company will terminate its leases at its South Australian and Victorian premises and any ongoing commercial contracts in Australia will be ended.
Additionally, equipment and inventory held in Australia may be shipped to the Tennessee facility or will be sold.
“The decision reflects the company’s commitment to focus its executive team on flagship operations in the US and to prudently manage operating expenses,” a company statement said on 10 October.
“The company will continue to evaluate commercial opportunities in Australia that include adjacency opportunities in mining critical minerals, as well as advanced manufacturing for the aerospace and defence, space and energy sectors.
“Amaero International Limited is an ASX-listed company focused on becoming a global leader in titanium and speciality powder production and advanced manufacturing applications that utilise titanium and speciality alloy powder for aerospace and defence, medical and other industries.”
