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- Aurora Labs (A3D) is steadily pursuing its fourth and final milestone in a planned technology development path
- The 3D printing specialist says it has entered into discussions with TBGA to conduct a “thorough evaluation” of A3D’s technology under development
- Specializing in additive manufacturing, TBGA will highlight A3D’s core technological strengths and work to match them with market opportunities
- Meanwhile, Aurora Labs says it has started initial printing under its July print contract with BAE Systems Maritime Australia
- Aurora Labs’ shares rose slightly to begin with, but have since settled on the gray line at 17 cents each at 1:57 p.m. AEST
The 3D printing company Aurora Labs (A3D) is steadily approaching its fourth and final milestone on a planned technology development path.
The company announced this morning that it had entered into discussions with additive manufacturing and engineering specialist The Barnes Global Advisors (TBGA) to conduct a “thorough assessment” of A3D’s technology in development.
According to Aurora, TBGA specializes in systems, techno-economy and strategy in the field of additive manufacturing (3D printing).
As such, TGBA’s technical assessment will highlight Aurora’s core technological strengths and work to match them with market opportunities.
Peter Snowsill, CEO of Aurora Labs, said that as the company neared the end of its technology development phase and moved towards commercialization, it is working with companies that may have complementary technologies.
“We are committed to working together to accelerate our journey to market and are encouraged by the potential of A3D’s core technology to match and exceed the performance of off-the-shelf printers,” said Snowsill.
“The team is working hard as we near the completion of Milestone 4 to find the most effective path to commercialization.”
Aurora said its technology development path has already shown some encouraging results, particularly in terms of the high-performance performance of its technology. According to Aurora, the TBGA review confirms these results.
The work of TBGA will culminate in strategic recommendations for commercialization, be it through a licensing model, the sale of “technology packages” or the joint development of commercial printers with other manufacturers.
The BAE Systems test print
Along with the news of the TBGA assessment, Aurora also announced today to investors that it has begun initial printing of the RMP-1 beta prototype, in accordance with its agreement with BAE Systems Maritime Australia announced in late July.
Aurora Labs said it completed the test within its high-performance printing parameters and the first few prints were doing well.
The company said it is watching the demand for more contract printing of high quality metal parts as these types of projects can provide A3D with valuable benchmarking of its technology.
Developments in the field of intellectual property
As Aurora moves toward commercialization, the company pursues intellectual property (IP) protection in seven major “patent families”.
The patents, when granted, will protect the company’s printing process techniques and high-performance technology.
Aurora said printing process patents were recently granted in parts of Europe and are now targeting major jurisdictions in Australia, the US, China and other countries.
Aurora Labs’ shares rose slightly to begin with, but have since settled at 17 cents each on the gray line at 12:59 p.m. AEST. The company has a market capitalization of $ 26 million.