AMD Ltd launches US Defence Subsidiary

Courtesy of kaboompics.com

Advanced Material Development Ltd (AMD) is pleased to announce the successful completion of a deal setting up a new US subsidiary company, Advanced Material Development Inc (AMD Inc), to address the worldwide defence and aerospace market. Based in Austin, Texas, the new company will be headed by Richard Lee as CEO and Prof Alan Dalton, AMD’s Chief Scientific Officer, both of whom have relocated to the US to launch the new business. AMD’s worldwide operations for its core non-defence markets will continue to be based in the UK. As part of the transaction, the new company also brings in new board members of highly experienced C-Suite US nationals with strong industrial backgrounds.

AMD Inc has a broad licence to all of AMD’s background IP and will continue to invest in R&D projects with the group’s existing university partners at Sussex and Surrey as well as building a new US based research capability.

AMD Ltd’s CEO, John Lee said; “This move has been on the cards for some time as we have built a very strong relationship with various US government departments and funding areas over recent years including the Department of Defense and Homeland Security. It also fits with our model of creating specialised subsidiaries in specific industry verticals to provide maximum focus in those areas, while maintaining AMD Ltd as a core licensing and IP company. In bringing the broad skillsets of Jeff Tschetter, Paul Olson and Al Hoover to the company, we have secured a highly experienced group of US executives that will provide governance and ongoing funding in the support of our two founders, Alan and Richard, to drive this new venture”

Jeff Tschetter, Chairman of AMD Inc., added: “Advanced Material Development Inc. will play a vital role in the future of materials science, particularly in sectors where innovation and reliability are paramount. Under Richard and Alan’s leadership, paired with the company’s exceptional R&D capabilities, AMD Inc. is well-positioned to excel in this critical market and deepen our partnerships with defense organisations across both sides of the Atlantic. With an established track record of working with both the DoD and MoD, we are excited about the opportunities ahead to further develop and scale our solutions for real-world applications.”