3D printing developer Aurora Labs signs MoU with Gränges

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Australian metal 3D printing developer Aurora Labs Ltd has signed a Memorandum of Understanding with Gränges AB in Sweden.

The MoU comprises:

  • The pre-order of an Aurora RMP-1 Rapid Manufacturing Printer by Gränges;
  • The supply by Gränges of its proprietary aluminium powder to Aurora;
  • The engagement of Aurora to conduct R&D projects regarding the use of aluminium in additive manufacturing; and
  • The collaboration in market research to better understand the opportunities for the use of aluminium in additive manufacturing for the automotive and other industries.

The proposed transactions, if consummated, could potentially be worth up to approx USD7.75 million in revenue to Aurora. “If Gränges purchases one of our RMP-1s, it will lead to some exciting and innovative developments in both the internal combustion engine and electric vehicle markets,” said Aurora’s Managing Director David Budge. “Aurora is expecting to see enormous growth in additive manufacturing through the automotive sector in coming years.”

Aurora has entered the MoU through its wholly owned subsidiary, A3D Operations Pty Ltd.

 

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