Amaero (3DA) IAccess Alpha Virtual Best Ideas Summer Investment Conference 2026 summary

Strategic positioning and market overview

• Largest U.S. producer of refractory and titanium alloy powders for 3D printing in defense, aerospace, space, and nuclear sectors.

• Relocated headquarters from Australia to the U.S. in July 2023, now a Delaware company, maintaining ASX listing.

• Completed a three-year, $50 million capital investment, building a 100,000 sq ft facility in Tennessee with advanced atomization and PM-HIP capabilities.

• Positioned at the intersection of defense industrial base, reshoring manufacturing, and critical minerals trends.

• Only one or two competitors in each business segment, addressing key supply chain bottlenecks.

Technology and operational advantages

• Proprietary modifications to IGA Premium gas atomization technology yield higher output and lower costs.

• Uses half the argon gas compared to competitors and benefits from subsidized electricity in Tennessee.

• PM-HIP technology offers immediate substitution for large forgings and castings, critical for defense and naval applications.

• Dedicated atomizer for refractory alloys, addressing long lead times and supply constraints.

• Focus exclusively on high-value, supply-constrained spherical reactive metals market.

Growth drivers and financial outlook

• First full year of revenue expected at AUD 18–20 million, with strong growth visibility for subsequent years.

• Business could grow 75% year-over-year for several years, driven by secured contracts and robust demand.

• About 75% of next year's plan already contracted, with strong demand in both refractory (government) and titanium (commercial) segments.

• Revenue potential scales to $200 million, with further expansion opportunities through regional manufacturing hubs.

• Pursuing a U.S. IPO late 2026 or early 2027, pending market conditions.