ASTRO America, Stifel’s North Atlantic Capital, and ASTM International Lead Discussion on ‘Access to Capital for Advanced Manufacturing’
Additive Manufacturing Leaders Talk Investment Strategy to Accelerate Critical Technologies and Modernize Supply Chain Resilience
September 12, 2024 – Chicago, IL – The Applied Science & Technology Research Organization (ASTRO) of America, North Atlantic Capital, a Stifel Company, and ASTM International will lead a panel discussion at the International Manufacturing Technology Show (IMTS) on innovative approaches for catalyzing the injection of private capital into critical defense supply chains and creating a pathway for American small businesses to adopt manufacturing technology.
Neal Orringer, President of ASTRO America; Mark Morrissette, Managing Director, Stifel-North Atlantic Capital; and Richard Huff, Director of Industry Consortia and Partnerships, ASTM International, will lead a discussion called “Access to Capital for Advanced Manufacturing” about the challenges for businesses to access capital, the opportunity of public-private partnerships as an investment strategy, and the capacity of a newly-launched private equity fund to provide essential financial support to small and medium-sized manufacturers.
The panel discussion will take place today, September 12th, from 1:15 to 1:45 CDT. Location: Booth #433010, West Building at McCormick Place, Chicago, IL.
Earlier this year, ASTRO America and Stifel North Atlantic announced their partnership to build a private equity fund as part of the administration’s SBIC Critical Technologies (SBICCT) initiative, a historic U.S. SBA-Department of Defense collaboration to bolster U.S. national security and the Defense Industrial Base without reliance on deficit funding, while supporting American small businesses. The new fund will also help modernize key supply chains, aiding in the accelerated adoption of technologies that are increasingly important to America’s defense and aerospace industries.
Today’s discussion also highlights the role key leaders in manufacturing supply chains and qualification/standards– including ASTM– will play in advising the fund’s managers. The panelists also describe goals of ensuring smart investments in infrastructure and technology that help U.S. aerospace and defense industries over the long term.
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The Applied Science and Technology Research Organization of America (ASTRO America) is a 501(c)(3) not-for-profit, non-partisan Research Institute and Think Tank. It was established in 2018 to advance the public interest through manufacturing technology and policy. Led by manufacturing professionals with broad public and private sector experience, ASTRO America supports collaborations by government agencies and companies to address supply chain challenges in highly regulated industries, including aerospace and defense.
Established in 1890, with headquarters in St. Louis, Missouri, Stifel is a full-service financial services firm with a distinguished history of providing securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, institutions, corporations, and municipalities.
Formed in 1898, ASTM International is one of the world’s largest international standards developing organizations. Defined and set by the organization, ASTM standards improve the lives of millions every day. Combined with innovative business solutions, they enhance performance and help everyone have confidence in the things they buy and use – from the toy in a child’s hand to the aircraft overhead. By understanding commercial needs and consumer priorities, ASTM touches every part of everyday life – helping our world work better.