3D printing specialist Amaero International (ASX:3DA) has re-designed its 9,300km-square Tennessee manufacturing facility to accommodate the installation of its atomiser plants.
The $72.94 million market capitalisation company has re-designed the floor plan and process flow of the existing building, which currently has a clear height that slopes from 11.6m to 10.1m.
Atomisers will be installed along the length of the building with an 11.6m clear height.
Amaero says the re-design has allowed it to negotiate a lease amendment that cancels the construction of the high-bay extension, effectively reducing annual based rent from $2.1 million per year to $1.5 million. As such, the re-designed fit-out cuts Amaero’s expenses from $27 million to $12 million.
The facility and its shell have been completed, and the company anticipates to begin construction on the fit-out in October this year.
Amaero expects to begin installing the atomisers in April next year — 3 months earlier than announced.
On 10 September, the atomiser plant was shipped from Europe, and it’s scheduled to arrive at the Port of Savannah, Georgia, on 27 September.
Commenting on the construction and design activities, Amaero International Chief Executive Officer (CEO) and Chairman Hank J. Holland says: “Measurable progress and relentless execution will define Amaero’s next chapter.
The executive leadership team that includes Eric Bono, Chris Scanlon, Jay Chandran, and Ken Davis have made an immediate impact. We are excited about the momentum and optimistic that critical milestones will continue to be met in a timely manner.”
“Measurable progress and relentless execution will define Amaero’s next chapter”
Amaero International is an ASX-listed company focused on titanium and specialty alloy powder production and advanced manufacturing applications that use titanium and specialty alloy powder for aerospace and defence, medical, and other industries.
Write to Aaliyah Rogan at Mining.com.au
Images: Amaero International