Aurora Labs signs MoU with Swedish rolled aluminium manufacturer

Australian metal 3D printing developer Aurora Labs Ltd has signed a Memorandum of Understanding with Swedish industrial company, Gränges AB.

The MoU, which will operate for a term of up to five years, provides a framework for: pre-order an Aurora RMP-1 Rapid Manufacturing Printer by Gränges, supply of its proprietary aluminium powder to Aurora, engagement of Aurora to conduct research and development projects regarding the use of aluminium in additive manufacturing, and collaboration for the use of aluminium in additive manufacturing for the automotive and other industries.

Aurora Managing Director David Budge said: “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 USD$7.75m in revenue to Aurora.”

“Further, if Gränges purchases one of our RMP-1s, 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.”

Gränges is a leading global supplier of rolled aluminium products for heat exchanger applications and other niche markets.