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- Aurora Labs (A3D) places its shares in a trading halt while it plans the details of an upcoming capital raising
- The 3D printing developer will remain in the halt until November 8 or when more details are released, whichever occurs first
- On November 1, Aurora announced it had completed Milestone four and the Technology Development Pathway
- Now that Milestone four has been met, the company will now enter the commercialisation market for its 3D printing technology
- Shares in Aurora last traded at 14 cents on November 2
Aurora Labs (A3D) has placed its shares in a trading halt while it plans the details of an upcoming capital raising.
The 3D printing developer will remain in the halt until November 8 or when more details are released, whichever occurs first.
Aurora is yet to disclose how much it intends to raise or what it will use the funds for once received
On November 1, the company announced it had completed Milestone four and the Technology Development Pathway.
Milestones one and two covered the necessary groundwork for establishing print parameter sets while at Milestone three Aurora had a clear understanding of the core technology and potential applications.
Milestone four focused on customer print specifications regarding quality, functionality and production cost.
Under Milestone four, Aurora delivered trial stainless steel components for BAE Systems Maritime Australia and AdditiveNow.
This allowed the company to use qualified procedures and investigate and develop parameters to optimise production rates.
Aurora is now in ongoing discussions with customers to identify broader print applications with a focus on industrial stainless steel parts.
Shares in Aurora last traded at 14 cents on November 2. The company has a $21.40 million market cap.
