Growing its segment with new projects, Aurora Labs seems to close this year in profit. The firm whose market share raised in one day, experienced significant raise.
Providing solutions not only with metal 3D printers but also metal alloys and printer parts, Australia based Aurora Labs develops in the market. Stated to be in partnership with a very important engineering firm, this manufacturer’s market share raised to 3.52 AUD(Australian Dolar) in one day.
Aurora said it was working on a non-binding terms sheet with the company but the details remained “commercial-in-confidence” and the proposal remained incomplete.
The company said it had been in discussions with several of Australia’s biggest mining and resources companies concerning the supply of 3D metal printers to enable them to print spare parts at their mine sites or in a centralised 3D printing facility.
Aurora is looking to team up with a bigger partner with the resources, networks and specialised engineering and technical know-how to market its products to resources companies on a large scale.