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ASX Release AMAERO ADDITIVE MANUFACTURING ASX : 3DA 27 July 2021 Amaero continues to progress its growth strategy June 2021 Quarterly Activities Report June quarter highlights Solid commercial progress during the quarter including : о Submission of draft Heads of Agreement for proposed 3D printing centre in the Middle East ○ Further development on the qualification of satellite components for US - based facility in El Segundo and delivery of evaluation parts to Boeing ○ Achieved successful build of the production version of the tool for the Fletchers Glass agreement 3D printing industry expert Tuan TranPham appointed to Amaero's Global Advisory Board • Cash balance of $ 11.5 million as at 30 June , providing strong capacity to fund the Company's growth strategy and execute on planned work programs • Post quarter end , announcement of the build of an $ 8m customised and proprietary titanium alloy powder manufacturing plant in Victoria , Australia Amaero International Limited ( " Amaero " ) , ( the " Company " ) ( ASX : 3DA ) , a leader in metal additive manufacturing , is pleased to present the Company's Appendix 4C and accompanying activities report for the period ending 30 June 2021 ( " Quarter " , " Reporting Period " ) . Commenting on the Quarter , Amaero International Limited CEO , Barrie Finnin said : " The quarter was an exciting period for Amaero with further development on the qualification of satellite components for our US - based facility in El Segundo , the delivery of evaluation parts to Boeing , and progress on our commercial agreements with key customers Boeing , Rio Tinto , Fletchers Glass and Raytheon . At the same time , we continued to advance our proposed 3D printing centre in the Middle East with the submission of a draft Heads of Agreement . Our operational progress was bolstered by the appointment of 3D printing industry expert Tuan TranPham to our Global Advisory Board . Mr TranPham brings significant expertise in 3D printing to our business and is well known as an industry expert and leading business development executive within the industry . Post the end of the quarter , we announced the build of a world - class titanium alloy powder plant in Australia , with the $ 8 million customised and proprietary manufacturing plant expected to be the most advanced titanium alloy powder plant in the world . The plant will position our Company as a reliable source of titanium alloy powder , building on our geographic and geopolitical position to generate a strong and highly profitable revenue stream of approximately $ 30 million per annum . Our cash balance of $ 11.5 million leaves us strongly funded to continue to pursue our growth strategy of focusing on immediately addressable commercial opportunities and providing growth optionality through long - term R & D with the global defence and aerospace industries . Amaero International Limited ( ABN : 82 633 541 634 ) Level 1 , Tonsley Boulevard , Clovelly Park , SA , Australia 5042 T : +61 3 9905 9847 info@amaero.com.au www.amaero.com.au