“We are extremely pleased that since working with WorleyParsons in January, our collaboration has now resulted in a clearly defined arrangement,” said David Budge, Managing Director and Interim Chairman of Aurora Labs. “This is a validation of the impact 3D printing will have, and of the technology we are developing. We look forward to our continued venture to drive Aurora’s products forward.”
Aurora Labs specializes in developing 3D metal printers, powders, digital parts, and associated intellectual property (IP). The company is doing very well for itself – it became the top-performing IPO on the Australian Securities Exchange within only a few months of its initial listing – and this new agreement will only help its upward trajectory.
The startup wants to benefit major infrastructure, mining, and other resource companies around the world with its advanced 3D metal printing technology and products, which is why the proposed AM Solution Center is so important. According to the Binding Term Sheet, the two companies will create a Joint Venture in order to set up the center, which will provide service to multiple industries, including mining and oil and gas.
The AM Solution Center will specifically center around licensing and distribution of Aurora’s metal 3D printers, design, and certification. It will develop designs that can be purchased and used for Aurora’s 3D printers; these designs will be hosted, or form part of, a larger catalog of online designs developed by Aurora alone.
The other aspects the Binding Term Sheet will focus on include:
- Distributing Aurora Labs’ 3D printers
- Exploring options for working on bulk powder production together
- Using Aurora Labs’ 3D technology to establish a Print Bureau
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