Aurora Labs (ASX:A3D), OEM of “Multi Mode” metal 3D printers, powders and software, has signed an agreement with fellow Australian firm WorleyParsons, an engineering consultancy and project delivery firm. Together the companies plan to establish an additive manufacturing solutions center, and work on the production and distribution of powdered metal feedstock.
Aurora Labs released its first two metal 3D printers in 2015 the S-Titanium and the S-Titanium Pro, both for under $40,000. Since 2016, the company has been publicly traded on the Australian Stock Exchange.
According to David Budge, Managing Director and interim chairman of Aurora Labs, the company has been having discussions with WorleyParsons over the agreement since January 2017, finally resulting in “a clearly defined arrangement.”
OEM and beyond
As part of the binding term sheet agreement, WorleyParsons will distribute Aurora Labs’ 3D metal printing machines, and explore working with Aurora Labs to produce metal powders in bulk, under a licence and distribution agreement.
However, much of the agreement focuses on developing Aurora Labs’ role as a service bureau for the major infrastructure, mining and natural resource companies, making use of WorleyParsons existing influence in these industries.
WorleyParsons has a global presence and provides its consultancy and project delivery services around the world through its regional offices, including sites in the UK, China Latin and North America.
A solutions center for spare parts and additive
The Aurora Labs Solution Centre will be a “business for the development of designs” available for purchase and installation in Aurora Labs 3D printers. The components, included enhanced lasers and mirrors, will form part of an online design catalogue.
A “potential” result of the binding term sheet agreement is also a 3D printing service bureau where designs are printed for clients on Aurora Labs’ 3D printers. The service will offer printing on demand according to catalogue designs or customer speficications.
A validation of 3D printing’s impact
David Budge suggested that the agreement with WorleyParsons would be integral to any new hardware developed by Aurora, since the deal was “a validation of the impact 3D printing will have and of the technology we are developing.”
Budge added that “we look forward to out continued venture to drive Aurora’s products forward.”
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Featured image shows a Jay Harman Lily Impeller sample piece. Photo via Aurora Labs.