Big news was made in the metal 3D printing industry last month when Aurora Labs announced that they had shipped the first 3D printer in their S-Titanium line, bringing their affordable, unique metal additive manufacturing machines to the market after much anticipation. The Australian startup expressed their excitement as they readied themselves for full production mode, and now as they fulfill pre-orders and move into regular production, Aurora Labs has signed a non-binding Term Sheet with WorleyParsons for a proposed commercial venture.
The agreement is through Advisian, WorleyParsons’ global advisory and consulting business, and has four main objectives:
License and Distribution: Through a non-exclusive license and distribution agreement, Aurora Labs’ metal 3D printers and consumables will be sold and distributed. In addition to their two printer models, the S-Titanium and S-Titanium Pro, Aurora also produces a wide range of metal powders.
- Design and Certification – “Solutions Center”: The Term Sheet proposes establishing a new business for the development of designs that can be purchased and used with Aurora Labs’ products. The designs created in the proposed Solutions Center will be hosted by or form part of a larger online designs catalog to be developed by Aurora Labs.
- Print Bureau: Aurora Labs proposes the establishment of a 3D printing bureau that would print designs and parts for third parties using Aurora’s printers, either from the Solutions Center, Aurora’s online designs catalog or from designs supplied directly from clients.
- Powder Production: This objective would be to explore opportunities for the creation of a market for bulk and specialty powders to be created by Aurora Labs.
The Term Sheet is to operate for twelve months or longer if both parties agree, but none of it is legally binding – at this stage, it’s a proposal, although Aurora Labs is optimistic that a more definitive agreement can be reached. If the terms come to pass, they would turn Aurora Labs from a printer and materials manufacturer to a service bureau and overall 3D printing powerhouse.
There’s no question that Aurora Labs is a tremendously energetic, forward-thinking company that intends to become much bigger in the near future – and they’re off to a very good start, having already become the top-performing IPO on the Australian Securities Exchange within only a few months of their initial listing. In addition to the discussions with WorleyParsons, Aurora Labs has also been talking to several prominent mining companies about adopting their 3D printers to reduce spare parts inventory. Mining and infrastructure are just two areas of focus for Aurora Labs as they begin building a network of clients and partnerships, hopefully with the help of WorleyParsons and Advisian.
If you or your company are interested in Aurora Labs’ products, you can find more information in their online shop, or contact them here. Discuss in the Aurora Labs forum at 3DPB.com.
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and receive information and offers from third party vendors.
You May Also Like
3D Printing Unpeeled: Biofuel Waste to Filament & Sustainable Photopolymers
I can’t ever remember a day with so many potentially high impact news stories have come out. In one story, we all know that there are problems with the safety...
Finnair Hires AM Craft to 3D Print Plastic Parts for Aircraft Interiors
Riga-based AM Craft, a supplier specialized in 3D printing aviation components and certified under EASA Part 21G, announced a significant achievement today. The company will assist in upgrading Finnair’s A320...
3DPOD Episode 198: High Speed Sintering with Neil Hopkinson, VP of AM at Stratasys
Neil Hopkinson, a pioneering 3D printing researcher, played a pivotal role in developing a body of research that is widely utilized today. He also invented High Speed Sintering (HSS), also...
3D Printing Webinar and Event Roundup: May 12, 2024
Webinars and events are picking up in the AM industry this week! ASTM International continues its Professional Certificate Course and Stratasys continues its advanced in-person trainings, while 3D Systems is...