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- Aurora Labs (A3D) inks an MoU with Saudi Arabian oil giant Aramco following its recent visit by senior management to A3D’s Perth facility
- The agreement outlines potential cooperation and collaboration areas for both parties to explore, including that with A3D’s upcoming 3D printer
- Both parties will also explore opportunities concerning the company’s high-power printing capabilities and patented MCP technology
- A3D CEO Peter Snowsill says it’s encouraging to see an oil giant recognise the supply chain benefits 3D printing can deliver through localised production
- Shares in A3D are up 42.9 per cent, trading at three cents at 10:45 am AEST
Aurora Labs (A3D) has inked a memorandum of understanding (MoU) with Saudi Arabian oil giant, Aramco.
The MoU was signed following a recent visit by Aramco senior management to A3D’s Perth facility.
The agreement outlines potential cooperation and collaboration areas for both parties to explore, which include A3D’s upcoming 3D printer, its high-power printing capabilities, and patented MCP technology.
The company reported it would also outline the exchange of information concerning Saudi Arabia and Gulf Cooperation Council (GCC) markets, and the potential joint development of opportunities in the 3D printing business.
Aurora CEO Peter Snowsill expressed his gratitude toward the oil giant and its recent visit to the company’s facility.
“We thank Aramco for their time and interest to visit our facility and we look forward to learning more about the opportunities we can explore together, leveraging Aurora Labs’ technology with Aramco’s vast energy industry experience,” he said.
Mr Snowsill added it was encouraging to see Aramco recognising the supply chain benefits metal 3D printing can deliver through localised production.
Shares in A3D shot up 42.9 per cent, trading at three cents at 10:45 am AEST.
