Aurora Labs Executes MoU with Gränges AB. Left to right, Carl Rodling (Gränges), David Budge (Aurora Labs), Richard Westergård (Gränges). Credit: Taya Reid
Australian metal 3D printing company Aurora Labs has signed a Memorandum of Understanding with Swedish industrial company Gränges AB.
The agreement details potential transactions between the two companies including the purchase of Aurora’s RMP1 Rapid Manufacturing Printer and the supply of proprietary aluminium powder by Gränges, a global supplier of rolled aluminium products. The two aim to collaborate on research and development projects to better understand the opportunities for aluminium in additive manufacturing, with a key focus on the automotive sector.
Aurora's Managing Director, David Budge commented: “This is a remarkable relationship for Aurora and we are very pleased to partner with Gränges, a forward thinking and innovative company with products extensively placed across the automotive sector. The proposed transactions, if consummated, could potentially be worth up to approximately US$7.75m in revenue to Aurora. Further, if Gränges purchases one of our RMP1s, it will lead to some exciting and innovative developments in both the internal combustion engine and electric vehicle markets. Aurora is expecting to see enormous growth in additive manufacturing through the automotive sector in coming years.”
Back in May, Aurora announced the launch of the testing phase for its RMP1 system which is scheduled for commercialisation later this year. The company says the RMP1 Beta is its most sophisticated machine to date with a large build capacity (450 x 400 mm) capable of producing parts up to 10 times the volume, with 3 times the processing capacity, of its previous Alpha2 machine.
Today's MoU, executed through Aurora's fully owned subsidiary A3D Operations Pty Ltd., is planned to operate for a term of up to five years with both parties set to commence negotiations before entering a formal agreement.
