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Industrial innovation specialist Aurora Labs has hit an important milestone in the development of its signature 3D metal printing technology, with an independent evaluation demonstrating its effectiveness and the company declaring the product “commercially ready”. Aurora has completed successful trial printing of stainless steel components for customers that include BAE Systems Maritime Australia for the Navy's Hunter Class Frigate Program.

ASX-listed tech player, Aurora Labs' 3D metal printing business strategy has pivoted from a manufacturing and distribution model to a less costly and lower risk partnership, licensing and royalty model. The major strategic shift follows the completion of a review of the company's 3D metal printing technology to determine what is needed over the next 12 months to advance its fast RMP-1 printer in particular towards commercial readiness.

Aurora Labs has executed on a strategy to refresh its board in line with its vision to get set for the commercialisation of its 3D printing technology. Perth corporate finance player, Grant Mooney of Mooney & Partners corporate advisory is now in the Chair and COO Peter Snowsill will step up into the interim CEO role as founder and 3D printing specialist, Dave Budge moves into the role of Chief Technical Officer.