Amaero International ceases Australian operations as it moves focus to flagship US developments

Companies & MarketsNews
October 11, 2023

October 11, 2023

Amaero International Limited, based in McDonald, Tennessee, USA, has announced that its board has decided to cease its operations in Australia. The decision is said to reflect the company’s commitment to focusing its executive team’s efforts on its core operations in the US, and to responsibly manage operating expenses.

As part of ceasing operations in Australia, the company will terminate its leases at its premises in South Australia and Victoria. Any ongoing commercial contracts in Australia will also be ended. Equipment and inventory located in Australia will either be shipped to the Tennessee facility or sold.

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The company will continue to assess commercial opportunities in Australia, focusing on adjacent opportunities in mining critical minerals. Additionally, it plans to explore advanced manufacturing opportunities in the aerospace & defence, space, and energy sectors.

Amaero was established with the support of Monash University in 2013 to commercialise opportunities in metal Additive Manufacturing identified by the Monash Centre for Additive Manufacturing (MCAM).

The company’s principal place of business address has now been changed from the Victoria premises to the Tennessee facility in the US.

www.amaero.com.au

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Companies & MarketsNews
October 11, 2023

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