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AURORA LABS LIMITED — Capital/Financing Update 2021
Nov 17, 2021
64269_rns_2021-11-17_78cb5f80-1931-4f06-926f-5c3044d9ea50.pdf
Capital/Financing Update
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18 Nov 2021
Empowering Industry to Revolutionise Manufacturing
ASX Announcement
CORPORATE DIRECTORY
Chairman GRANT MOONEY
Non-Executive Director MEL ASHTON Non-Executive Director TERRY STINSON
Non-Executive Director ASHLEY ZIMPEL CEO PETER SNOWSILL
Consultant Appointments – Advancing the Commercial Strategy
Aurora Labs Limited (“A3D” or “the Company”) (ASX:A3D), is pleased to announce two regional consultant appointments to accelerate progress towards commercialisation. As presented at the AGM, A3D is progressing into the commercialisation phase and to facilitate its engagement strategy have engaged expert consultants to assist with developing relationships with a range of potential partners.
The concurrent appointment of United States (US) and Australian based consultants are for 6-months respectively. The individuals have been selected for their sound Additive Manufacturing and potential partner industry networks and comprehensive knowledge in the commercial technology space.
CONTACT DETAILS
41-43 Wittenberg Drive Canning Vale, WA AUSTRALIA 6155 [email protected] t. +61 (0)8 9434 1934 auroralabs3d.com
The US-based consultant is focused on business development activities to secure a US-based partner for A3D and initiate a transaction for the commercialisation of A3D technology, engaged on a monthly retainer with incentive options.
The Australian based consultant is focused on establishing and articulating the Company’s “go-to-market“ strategy and undertaking business development activities to secure a partner for A3D and initiate a transaction for the commercialisation of A3D technology, engaged on a full-time monthly fee with incentive options.
ASX CODE: A3D ACN: 601 164 505
These consultants will closely collaborate to build on the outcomes of The Barnes Global Advisors (TBGA) analysis and incorporate commercial printer design and manufacturing cost deliverables from ongoing and planned work. This represents an acceleration of commercialisation activity enabled by the recent achievement of commercial readiness of A3D’s high productivity multi-laser metal printing technology.
Each consultant shall receive 500,000 options exercisable at 17.25 cents per share and expiring 12 months from date of issue vesting upon meeting key performance milestones associated with the commercialisation pathway. See following Appendix 3G.
Ends
Approved for release by the Company’s Board of Directors. For further information, please contact: Grant Mooney, Chairman +61 (0)8 9434 1934 or by email [email protected]
auroralabs3d.com
t. +61 (0)8 9434 1934
Aurora Labs Ltd 41 – 43 Wittenberg Drive Canning Vale, WA, AUSTRALIA 6151
ACN: 601 164 505 ASX Code: A3D
18 Nov 2021
Empowering Industry to Revolutionise Manufacturing
ABOUT AURORA LABS
Aurora Labs Limited (“the Company”), 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)
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: [email protected]
auroralabs3d.com
t. +61 (0)8 9434 1934
Aurora Labs Ltd 41 – 43 Wittenberg Drive Canning Vale, WA, AUSTRALIA 6151
ACN: 601 164 505 ASX Code: A3D