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AURORA LABS LIMITED — Capital/Financing Update 2018
Oct 23, 2018
64269_rns_2018-10-23_9c84a91c-a445-416d-97f9-41405bff84fe.pdf
Capital/Financing Update
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24 October 2018
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ASX Announcement
CORPORATE DIRECTORY
Chairman PAUL KRISTENSEN
Founder, Managing Director DAVID BUDGE
Business Development and Marketing Director NATHAN HENRY
Non-Executive Director MEL ASHTON
Non-Executive Director and Company Secretary MATHEW WHYTE
FAST FACTS
Issued Capital: 67.8m Quoted Options: 3.7m Unquoted Options: 10.2m Market Cap: $61.0m Cash: $3.8m (As at 30 June 2018)
CONTACT DETAILS
U2/79 Bushland Ridge, Bibra Lake, WA AUSTRALIA 6163
[email protected] t. +61 (0)8 9434 1934 auroralabs3d.com
ASX CODE: A3D ACN: 601 164 505
Aurora Labs signs preliminary non-binding Industry Partner agreement with Fortescue Metals Group (Fortescue)
Aurora Labs Limited (“Aurora” or “the Company”) (ASX: A3D), is pleased to announce that it has signed a non-binding term sheet with subsidiaries of Fortescue Metals Group (“Fortescue”). Fortescue is an ASX listed company and a global leader in the iron-ore industry, with integrated operations across three mines sites in the Pilbara region of Western Australia.
The non-binding agreement comprises an Industry Partner Program, which involves the opportunity for Aurora to work directly with Fortescue on the Company’s 3D printing technology to demonstrate the potential for application of Aurora’s Rapid Manufacturing Technology (RMT) in the mining industry. The venture could progress to Aurora potentially developing technology or processes that may reduce production and operation costs in the mining and resources sectors.
David Budge, Managing Director of Aurora Labs, commented:
“We’re very excited to sign a preliminary agreement with Fortescue, and pursue the opportunity to apply Aurora’s Rapid Manufacturing Technology to the mining sector. Fortescue are an ideal industry partner for us and they are at the forefront of technological advancements in the mining sector.
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“We are building our Industry Partner Program with VEEM, DNV-GL, Advisian and Fortescue and it’s great to see some of Australia’s largest companies are keen to explore our technology. We see this as validation of what we are developing and it acknowledges the high potential that 3D printing has in transforming how parts are created and optimised.”
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Aurora Labs RMP1
(Rapid Manufacturing Printer 1)
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The terms of the non-binding term sheet between Aurora and Fortescue are for an initial 12 months and may be extended by mutual agreement.
Whilst Aurora is optimistic that a more definitive arrangement may be reached, there is no assurance that any legally binding agreement will be entered into or that any matter contemplated by the Term Sheet will be completed.
ABOUT AURORA LABS
Aurora Labs Limited (“the Company”) (ASX: A3D), an industrial technology and innovation company that specialises in the development of 3D metal printers, powders, digital parts and their associated intellectual property.
Aurora Labs is listed on the Australian Securities Exchange (ASX: A3D)
To learn more about Aurora Labs, please visit: www.auroralabs3d.com
FORWARD LOOKING STATEMENTS
This announcement contains forward-looking statements which incorporate an element of uncertainty or risk, such as ‘intends’, ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’ or ‘expects’. These statements are based on an evaluation of current economic and operating conditions, as well as assumptions regarding future events. These events are, as at the date of this announcement, expected to take place, but there cannot be any guarantee that such events will occur as anticipated or at all given that many of the events are outside Aurora’s control.
Accordingly, Aurora and the directors cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur.
For further information, please contact:
auroralabs3d.com
t. +61 (0)8 9434 1934 e. [email protected]
ACN: 601 164 505
Aurora Labs Ltd U2/79 Bushland Ridge, Bibra Lake, WA, AUSTRALIA 6163
ASX Code: A3D