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Aurora Labs Enters Into $100K Research Agreement with CSIRO

Australian low-cost metal 3D printer manufacturer Aurora Labs Limited signed a $100K research agreement with the Commonwealth Scientific and Industrial Research Organisation (“CSIRO”), Australia’s national science organization and one of the largest and most diverse scientific research organizations in the world. Aurora is currently standing as the proxy for its Additive Manufacturing Solution Centre (“Solution Centre”), which will provide comprehensive additive manufacturing integrative consulting services, distribution of its 3D printers, and possible prints and powders.

“This is an exciting collaboration, and we are incredibly pleased to be working with a tier-one partner such as the preeminent government research organization CSIRO. The research agreement speeds up the development of our Solution Centre, enhances our credibility, as well as endorses the technical performance of our technology. It also represents a significant advancement of Australia’s additive manufacturing industry and demonstrates the commercial application of 3D metal printers to provide tailored, faster and cheaper components to a number of industries”. David Budge, Managing Director, Aurora Labs.

The agreement with CSIRO is the first step in fulfilling Aurora’s obligations as a partner in the Solution Centre. By the terms of the agreement, the Company will supply CSIRO with one small format printer in addition to metallic powders used in the production of parts worth $100,000. While, as part of the agreement, CSIRO will provide technical, research and development services that will go towards Aurora’s Solution Centre for the value of $100,000.

“Our Lab22 Innovation Centre is focused on helping companies harness the benefits of metallic additive manufacturing, which we believe creates enormous opportunities for innovative products to be developed and new businesses and jobs created in Australia.We are pleased to be working in partnership with Aurora Labs to develop this Solution Centre, and we look forward to its future success and impact on a range of industries. Aurora Labs are an important part of the Australian metal manufacturing value chain, and CSIRO’s goal is to grow the entire ‘powder to product’ process in Australia.” Leon Prentice, Research Director, High Performance Metal Industries, CSIRO.

Aurora’s small format printer will be installed in CSIRO’s Lab22 Innovation Centre in Melbourne, which allows businesses to access some of the most advanced 3D printing technology in the southern hemisphere. Aurora will stand in the place of its Additive Manufacturing Solution Centre until the legal entity is established. At that time all rights and obligations pertaining to the agreement will be transferred from Aurora to the Additive Manufacturing Solution Centre.

In short, CSIRO will provide:

• services to Aurora Labs to the value of $100,000, which include labor and overhead costs

• documentation to Aurora Labs on the design, printing and optimisation process, and the outcomes of CSIRO’s research and testing in relation to the same

• specialist services to the proposed Solution Centre entity, including replicative and generative design for multiple metal powders

• a report at the end of the trial regarding products produced from the trial.

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