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ASX Release AMAERO ADDITIVE MANUFACTURING ASX : 3DA 25 October 2021 September 2021 Quarterly Activities Report September quarter highlights : • Solid progress with proposed Titanium powder plant : select component testing completed , machines being constructed ; premises lease agreement expected near- term Revenue guidance for powder plant lifted to ~ A $ 40.8 million per annum due to higher expected output Key projects with Fletcher Insulation and Rio Tinto have faced continued delays due to COVID - 19 related supply chain issues and travel restrictions Revenues of $ 111,000 for the quarter ; Amaero continues to progress key commercial agreements to deliver increased revenues over the coming months Cash balance of $ 8 million , reflecting continued investment in key projects and contracts to deliver future revenue growth Post quarter end , Heads of Agreement secured with Gilmour Space that will lead to a long - term supply agreement expected to deliver total revenues of ~ $ 1.7 million 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 September 2021 . Commenting on the quarter , Amaero International Limited CEO , Barrie Finnin said : “ Amaero continued to make good progress with our proposed titanium powder plant , with testing of some components already completed and machines currently under construction . Our revenue guidance for the plant was also lifted due to higher expected output . However , we experienced some continued setbacks to the key Fletcher Insulation and Rio Tinto projects during the September quarter due to the Melbourne lockdown , the German floods in July , and ongoing COVID - 19 related supply chain issues and travel restrictions . For our Middle East 3D printing facility , we are planning to travel to the Gulf in the coming quarter for meetings to progress negotiations on the project agreement and view potential candidate sites for the Centre of Excellence . We continue to work hard on progressing a number of commercial agreements and advancing our key projects to deliver further revenue growth and look forward to updating investors over the coming months . " Amaero International Limited ( ABN : 82 633 541 634 ) 11-13 Normanby Road , Notting Hill , VIC , 3168 , Australia T : +61 3 9905 9847 info@amaero.com.au www.amaero.com.au