- 3D printing developer Aurora Labs (A3D) completes Milestone four and the Technology Development Pathway
- Aurora says the technology offers a solution to the current market gap for a high productivity, mid-range and mid-cost machine
- With all four milestones completed, Aurora will now enter into the commercialisation phase for its technology
- On the market this morning, Aurora is up 25 per cent and is trading at 15 cents per share
3D printing developer Aurora Labs (A3D) share price rises as it completes Milestone four and the Technology Development Pathway.
Aurora said the technology offers a solution to the current market gap for high productivity, mid-range and mid-cost machine.
During 2020, Aurora faced several challenges such as COVID-19, creating a new development pathway which includes four milestones.
In July 2020, the company launched this technology development pathway to reach commercial-ready status for its technology, which has now been completed.
Milestones one and two covered the necessary groundwork for establishing print parameter sets. At Milestone three, Aurora had a clear picture of the core technology.
While Milestone four was focused on customer print specification.
CEO Peter Snowsill said that completing milestone four was a significant step for Aurora.
“With Milestone four we have demonstrated the validity of our technology and printing outputs. Critically, our technology fits a gap in the market for a high productivity, mid-range, mid-cost machine, which is a market segment with substantial growth potential as additive manufacturing use expands,” he said.
According to Aurora, its technology has been validated by respected additive manufacturing experts as “best-in-class optics, controlling four by 1500 watt lasers for high productivity printing.”
Aurora will now enter into the commercialisation phase for its technology.
“Now that we have expert opinion and validation from a reputable third party, it is time to move into the next phase, commercialising A3D technology. We are exploring and refining our go to market strategy and the best partnership models to pursue for the most effective pathway to market for the technology.”
On the market this morning, Aurora was up 25 per cent and is trading at 15 cents per share at 11:32 am AEDT.