- LaserBond (LBL) has struck a deal with Curtin University for the design, construction and supply of its laser metal deposition (LMD) system
- The system will enable the WA university to offer research, training, demonstration and delivery of 3D metal printing and laser applications
- The sale is expected to generate $960,000 in revenue for the 2022 financial year
- LBL says it has developed strong interest from potential international licensees and is confident of achieving further technology sales in FY22
- LaserBond shares are up 4.55 per cent to 80.5 cents each at 3:47 pm AEST
Surface engineering company LaserBond (LBL) has struck a deal with Curtin University for the design, construction and supply of its proprietary laser metal deposition (LMD) system.
The system is pegged to provide the Western Australian university with flexibility to offer research, training, demonstration and delivery of complex 3D metal printing, in addition to laser additive manufacturing, laser cladding, laser welding and laser heat treating with associated materials development.
The sale will reportedly generate $960,000 in revenue for LaserBond in the 2022 financial year (FY22), with consumables sales in the future.
Importantly, LBL said the ongoing collaboration would assist the company in researching and developing materials and applications, and would provide a demonstration of LaserBond technology for potential WA industry partners.
The company’s CEO Wayne Hooper noted Curtin as the largest university in the state, with a strong focus on industry collaboration and partnerships, particularly with the energy and resource sectors.
“[Curtin] is an ideal partner for LaserBond to strengthen its research and development of applications and materials for these sectors, as well as providing a showcase for our technology in the resource rich state of Western Australia,” he said.
LBL has reportedly developed strong interest from potential licensees in overseas markets and is confident of achieving additional technology sales in FY22.
LaserBond shares were up 4.55 per cent to 80.5 cents each at 3:47 pm AEST.