In order to serve the global defense and aerospace industry, Advanced Material Development Ltd. (AMD) announces the successful conclusion of a contract to establish a new U.S. subsidiary firm, Advanced Material Development Inc. (AMD Inc.).

AMD's chief scientific officer, Professor Alan Dalton, and CEO Richard Lee will lead the new firm, which is based in Austin, Texas. Both have moved to the United States to start the new company. AMD will maintain its U.K.-based global operations for its primary non-defense markets. AMD Inc. also adds additional board members with extensive industry expertise who are C-Suite U.S. nationals as part of the deal.

In addition to continuing to engage in R&D initiatives with the group's current university partners in Sussex and Surrey and establishing a new research capability located in the United States, AMD Inc. holds a wide license to all of AMD's historical intellectual property (IP).

According to Lee, this move has been planned for a while because they have developed close ties with several U.S. government agencies and funding sources, such as Homeland Security and the Department of Defense, in recent years. It also aligns with their strategy of keeping AMD Ltd. as a core licensing and intellectual property firm while establishing specialized subsidiaries in particular industrial verticals to enable maximum emphasis in those areas. With the help of its two founders, Alan and Richard, they have enlisted a highly skilled group of U.S. executives who will offer governance and continuous finance, using the diverse skill sets of Jeff Tschetter, Paul Olson, and Al Hoover to propel this new endeavor.

AMD is a nanotechnology firm that develops solutions that can be taken from "lab proven" to achieving their practical utility. The business has announced that it would be collaborating with Huntsman Corp. (The Woodlands, Texas, and the United States) to create functional composite materials with carbon nanotube (CNT) integration in the United States.