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Aurora Labs (ASX:A3D) - CEO, Peter Snowsill - The Market Herald
CEO, Peter Snowsill
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  • Aurora Labs (A3D) spikes on the ASX after hitting a third key development milestone for its metal printing tech
  • The company says its RMP-1 printing technology successfully printed in a type of stainless steel known at 316L at 1.5 kilowatts laser power
  • What's more, A3D said part integrity was maintained against industry quality standards even at this high power
  • The RMP-1 printer now moves on to its final phase of commercialisation, which is the fourth step in Aurora Labs' 12-month development plan
  • Shares in Aurora Labs closed 13.24 per cent higher at 7.7 cents each this afternoon

3D printing specialist Aurora Labs (A3D) spiked on the ASX yesterday after hitting a third key development milestone for its metal printing tech.

The company told investors this morning it has measured the capability of its RMP-1 printing technology to print in 316L stainless steel — a low-carbon form of a common stainless steel grade — at high power.

Specifically, the company said its technical team achieved reliable printing at 1.5 kilowatts (kW) laser power. What's more, A3D said part integrity was maintained against industry quality standards even at this high power.

Type 316 stainless steel is typically used in engineering applications, and particularly in construction work, because of its important corrosion-resistant properties.

Type 316L stainless steel is a similar type of product but with a lower content of carbon. This type of stainless steel is especially resistant to cracks after the welding process is finished.

For Aurora's phase-two print parameter testing, the company said it outlined three key targets for success: successful printing at higher power input, qualification at this higher power, and a subsequent production rate increase.

Aurora Labs CEO Peter Snowsill said the company achieved all three of these targets.

"A significant production rate increase without detriment to quality translated directly to cost savings for our customers," Mr Snowsill said.

"We are printing and testing in 316L stainless steel for its wide range of applications in key industries where durability in harsh environments is appealing.

"It is widely employed in mining, marine and oil and gas, which are the industries on our doorstep here in WA."

He explained that the A3D technology has matured to the point where the company can identify suitable customer parts for its specific production techniques.

Today's successful test results mean Aurora Labs has completed three of the four key milestones in its 12-month tech development pathway.

This means the RMP-1 printer is now in its final phase of commercialisation, which will see Aurora Labs print parts for customers to showcase the real-world capabilities of its technologies.

Aurora Labs management said it is confident the RMP-1 technology will offer distinct commercial advantages compared to alternative products once it hits the market.

Shares in Aurora Labs closed 13.24 per cent higher at 7.7 cents each this afternoon. The company has an $11.44 million market cap.

A3D by the numbers
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