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The latest announcement is out from Aurora Labs ( (AU:A3D) ).
Aurora Labs has entered into a Joint Integration, Testing, Development, and Distribution Agreement with Sovereign Propulsion Systems (SPS) to test and commercialize its novel turbine engines for the defense sector. Under this agreement, SPS will manage a comprehensive testing program at its South Australian facility, integrating Aurora’s engines into various platforms and conducting performance analyses. SPS will also act as a distributor for Aurora’s propulsion systems, with funding provided in kind through distribution rights. This collaboration is expected to enhance Aurora Labs’ market positioning in the defense industry by leveraging SPS’s expertise in UAV and robotic systems.
More about Aurora Labs
Aurora Labs Limited is an industrial technology and innovation company specializing in the provision of 3D metal printed parts for Defence, Oil and Gas, and Resources applications. The company also develops 3D metal printers, powders, and associated intellectual property, and is advancing propulsion systems for Unmanned Aerial Systems (UAS) for the Defence sector. Aurora Labs is listed on the Australian Securities Exchange under the code A3D.
Average Trading Volume: 588,285
Technical Sentiment Signal: Buy
Current Market Cap: A$28.38M
See more insights into A3D stock on TipRanks’ Stock Analysis page.