Aurora Labs (ASX:A3D) has reshuffled its board and announced it is seeking a new CEO as it prepares to commercialise its metal additive manufacturing technology.
Among changes under the “Board Refresh Strategy”, founder and CEO/managing director David Budge became CTO this week, CTO Peter Snowsill is interim CEO, and chair Paul Kristensen has left the board.
“Aurora has received an increasing level of interest from several major international businesses for its 3D printing technology, so it’s imperative we are able to capitalise on this by ensuring we have the optimal skillset at a Board and Executive level for the next exciting phase of the Company’s evolution,” said Kristensen in a statement.
Budge added, “I am very supportive of these changes and look forward to continuing to contribute to the technical leaps and bounds that will keep Aurora in the lead. I believe that as a Company, we are on the cusp of a very significant, transformative opportunity in additive manufacturing – a larger opportunity than one person can capture by themselves.”
Aurora’s technology is currently with beta tester customers. It is commercialising a 3D printing technique it calls Multilevel Concurrent Printing (MCP), allowing printing on more than one level of metal powder at once. Multiple layers of powder are laid down at the same time, each with a ‘powder gate’ allowing multiple layers to be printed at once.
Picture: Aurora Labs
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