3D metal printers manufacturer Aurora Labs is switching its strategy away from engineering and manufacturing towards a licensing and royalty business model.
The Perth company’s review of its technology charted a new, less costly 12 month pathway to commercial readiness.
The maker of S-Titanium Pro printers (pictured), metal powders and digital parts said it would move away from its business model of ‘manufacture and distribute’ to one of ‘partnership, license and royalty’.
Chairman Grant Mooney said the review had identified the need for testing of print parameters, and the upgrading of fume extraction and customer print specifications to measurably improve printer performance.
Mooney said: “Our competitive advantage lies in the speed of our printer and our goal is to adopt a customer centric approach, working directly with existing customers and use their parts to further develop the RMP-1 technology, hardware and software.
“Öur aim is to be commercially ready at the end of the next 12 months and with the goal for the technology to be commercially proven by then.”
The review noted key achievements of the company which has developed three prototypes including a RMP-1 beta unit:
Aurora Labs review suggested competing demands on the RMP-1 beta printer meant limited time was available for continued core technology development.
“The interim CEO and the remaining highly skilled core technical team will now focus almost exclusively on addressing the remaining RMP-1 and MCP technical challenges.”
Picture: Aurora Labs
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