NexusAM EIS

The problem

Metal 3D printing is increasingly being used to manufacture components for defence (e.g. unmanned aerial vehicles/UAVs and submarines), civil aviation, space, and fusion energy applications.

The technology enables manufacturers to produce complex metal parts that would be difficult, expensive or impossible to make using traditional methods. Components are built layer by layer, typically by a laser-melting microscopic metal powder, directly from a computer-aided design model, eliminating the need for tooling or casting moulds and helping reduce development times from months to days.

However, quality assurance remains a major constraint on wider adoption.

In industries where reliability is critical, manufacturers must be able to demonstrate every component meets stringent quality and safety standards. Today, inspection typically takes place only after a component has been completed, using techniques such as CT scanning, radiography and destructive testing. These are expensive and labour-intensive, may fail to identify certain defects, and can struggle to provide assurance for large or highly complex components.

The economics can also be challenging. By the time a defect is discovered, the full manufacturing cost has already been incurred. Quality assurance is estimated to account for 30-50% of the final cost of safety-critical metal AM components, equivalent to £737 million of spending in 2024.

NexusAM's solution

Building on breakthrough research from Imperial College London, Nexus has created an AI-driven QA platform, which carries out inspections during the printing process and can identify defects in real time. This potentially allows them to be corrected ahead of completion, enabling manufacturers to significantly reduce labour and scrap costs, while accelerating qualification.

“Inspecting the uninspectable” – how NexusAM works

AM printers generate substantial amounts of data (100s of GBs per print), continuously recording the laser position, part temperature, environmental oxygen levels and much more – a given part may include 1000s of kilometres of laser melting. Nexus can provide manufacturers with the confidence their manufacturing process is acceptable.

Trained on millions of such datapoints, Nexus’s software assesses information in real time to detect defects, predict catastrophic failure and track process stability. It generates traceable, auditable quality records for every part – thereby accelerating qualification timelines and reducing inspection costs.

Nexus’s digital QA inspection can encompass large, complex parts, experimental alloys, extreme tolerances – as well as parts printed in-the-field, off-shore or off-planet. Nexus describes it as being able to “inspect the uninspectable”.

The software is sensor and machine agnostic, so it can be easily dropped into a manufacturer’s existing workflow, on-premise or in the cloud, no new hardware needed.

The metal 3D printing market is currently worth over £4 billion, and expected to exceed £30 billion by 2030, serving industries such as space, aerospace, defence, energy, and oil & gas. Nexus’s software has the potential to reduce QA costs for businesses in all these industries.

The company has ongoing projects with Rolls-Royce Civil Aviation, GKN Aerospace and Renishaw. Within three months of releasing the alpha version of its software platform, it has secured paid pilot programs with major UK aerospace and defence primes (major military contractors).

Nexus estimates it is delivering a 75% annual QA cost reduction. If rolled out into production it is expected these contracts to be worth £2-5m each per annum for a 10-15 year period. Other target clients include nuclear defence, fusion, automotive and medical device manufacturers.

Nexus reports that its software can be integrated into any client’s existing technology without expensive changes or upgrades to hardware. Its on-premise and cloud-storge solutions are designed to comply with clients’ data security requirements and regulatory reporting, making it an attractive option for security-conscious businesses wishing to implement in-production QA.

Although there are several other competing technologies in the AM QA market, Nexus reports none can completely replace conventional QA methods (CT scan and radiography) without requiring a costly hardware upgrade – in management’s view this makes Nexus’s offering a unique value proposition.

Now, to establish a dedicated sales team and support its entry into the US market, Nexus is seeking to raise up to £2.0 million in equity.

The National Security Strategic Investment Fund (NSSIF), Empirical Ventures and other new and existing investors have committed £1.2 million. The Company has also secured £0.8 million of non-dilutive grants from Innovate UK.

Wealth Club has a £500k allocation – the minimum investment is £23,500 and you can apply online. The pre-money valuation is £8.0 million, equating to a share price of £2.35 per share.

Based on the Company's forecasts, Nexus expects to be EBITDA-positive from FY29 and the target return for this private offer is 12.8x after five years – high risk and not guaranteed.

As can be expected when investing early stage, the potential rewards could be significant, but so are the risks. Please carefully read all investment documents prepared by the Company to form your own view.

This is a single company offer with no diversification. It involves investing in an early-stage, loss-making business, which is by nature high risk and prone to failure. There is a risk that the capital raised may not be sufficient to achieve the Company’s objectives. You could lose all the amount you invest.

Like all investments available through Wealth Club, it is only for experienced investors happy to make their own investment decisions without advice.

There is no ready market for unlisted EIS shares: they are illiquid and hard to sell and value. There will need to be an exit for you to receive a realised return on your investment. Exits are likely to take considerably longer than the three-year minimum EIS holding period; equally, an exit within three years could impact tax relief.

To claim tax relief, you will need an EIS3 certificate, normally issued once shares have been allotted. This can take several months: please check the deployment timescales carefully. Tax reliefs depend on company maintaining its EIS-qualifying status. Remember, tax rules can change and benefits depend on circumstances. Before you invest, please carefully read the Information Memorandum which contains further details on the considerable risks – alongside the Wealth Club Risks and Commitments.

Investors will pay no direct initial or ongoing charges to invest. Fundraising costs are being met by the Company. Wealth Club will be entitled to a performance fee on exit.

Wealth Club investors will invest using a nominee structure. This service is provided by Wealth Club’s subsidiary companies Wealth Club Asset Management Limited (authorised and regulated by the FCA) and Wealth Club Nominees Limited. Wealth Club Nominees Ltd will be completing the share subscription documentation on investors’ behalf.

All the services Wealth Club and, where applicable, its subsidiaries provide are governed by the Terms and Conditions of the Wealth Club Services.

Please see the Wealth Club Schedule of Charges for more details.

This financial promotion has been communicated and approved by Wealth Club Ltd on 18 September 2026

Wealth Club aims to make it easier for experienced investors to find information on – and apply for – investments. You should base your investment decision on the offer documents and ensure you have read and fully understand them before investing. The information on this webpage is a marketing communication. It is not advice or a personal or research recommendation to buy any of the investments mentioned, nor does it include any opinion as to the present or future value or price of these investments. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.