Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Aurora Labs ( (AU:A3D) ) just unveiled an update.
Aurora Labs has secured a $450,000 Phase 2 contract with the Australian Department of Defence for the prototype manufacture and testing of a high-thrust, fuel-efficient propulsion system. This development builds on the successful completion of Phase 1, leveraging Aurora’s proprietary 3D printing technology. The project enhances Aurora’s propulsion portfolio, positioning the company as a leader in small engine propulsion for Defence and opening opportunities for partnerships with UAS developers. The contract allows Aurora to retain global commercialization rights, ensuring potential growth in both domestic and export markets.
More about Aurora Labs
Aurora Labs Limited is an industrial technology and innovation company specializing in the provision of 3D metal printed parts for sectors such as Defence, Oil and Gas, and Resources. The company develops 3D metal printers, powders, and associated intellectual property, and is advancing propulsion systems for Unmanned Aerial Systems (UAS) in the Defence sector. Aurora Labs is listed on the Australian Securities Exchange under the code A3D.
Average Trading Volume: 421,553
Technical Sentiment Signal: Sell
Current Market Cap: A$16.79M
See more data about A3D stock on TipRanks’ Stock Analysis page.