Daily Brief Australia: Amaero International Ltd, Qantm Intellectual Property, State Gas Ltd and more

In today’s briefing:

Amaero International Ltd – Transformative Decision to Dedicate First Atomiser to C-103
QANTM Intellectual Property Ltd – FY23 Peer Metrics Underscore QIP’s Relative Value
State Gas – First Gas Milestone Is Around the Corner

Amaero International Ltd – Transformative Decision to Dedicate First Atomiser to C-103

Amaero International Ltd (ASX:3DA) is a global specialist in advanced materials manufacturing for the defence, aerospace, and other industrial sectors.
The company is developing a 1,000+-tonne a year critical metals alloy powder manufacturing facility in Tennessee, USA, and announced last week that its first EIGA gas atomiser would be dedicated to the refractory alloy powder, C103 (niobium 89%,-hafnium 10%,-titanium 1%), for hypersonic and space applications.
The decision to focus initially on C103 is in response to US industry demand for refractory alloy powders and driven by the talent and expertise that Amaero has brought together in its senior executive team.

QANTM Intellectual Property Ltd (ASX:QIP) owns a group of intellectual property (IP) services businesses operating under the independent brands of Davies Collison Cave (DCC), FPA Patent Attorneys, and Sortify.tm.
It is a major player in the mature and regulated Australian patent, trade marks and IP legal services market with ~16.5% market share (FY23) in its key patents segment (67% of revenue) and a diversified mix of local and foreign clients (~45%/55% split; ~50% US$ revenue).
We have reviewed recent results from the listed Australian and UK companies that we consider to be peers and have found that QIP mostly outperformed the group in terms of EBITDA margin expansion in FY23.

State Gas Limited (ASX:GAS) is a junior energy producer and explorer with assets concentrated in the Bowen Basin, Queensland.
The company has released an update on the pre-construction phase of its proposed Rolleston West CNG Project in the Bowen Basin.
Significant progress has been made with regulatory approvals on environmental and cultural heritage now received for all construction and pipeline areas; and final site surveys completed.

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