Aurora Labs will receive both ongoing income from operations and funds after the first sale of its unique RMP-1 Beta 3D printer to AdditiveNow, a company that it holds a 50% stake in, alongside asset management and engineering giant, Worley.
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AdditiveNow is looking to provide 3D printing services to tier-1 energy, chemicals, resources and infrastructure clients and the deal represents a major leap into commercialisation for ASX-listed 3D printing technologist, Aurora.
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The sale of Aurora’s first, large format, pre-production 3D printer, to AdditiveNow will allow that company to build a business around printing complex 3D machinery parts for large industrial clients. The commercial arrangement with AdditiveNow will generate the first major cashflows for Aurora’s 3D manufacturing technology.
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Aurora will retain the right to utilise the RMP-1 printer for its own research and development purposes […]
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