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Aurora Labs ( (AU:A3D) ) has provided an announcement.
Aurora Labs Ltd has secured a maiden order valued at $250,000 from Sovereign Propulsion Systems for 20 AU4 propulsion systems, marking the start of a multi-phase integration and deployment program. This collaboration aims to enhance propulsion capabilities in the Australian market, particularly for unmanned aerial vehicle manufacturers and Defence Primes. The AU4 systems will be used for field testing, providing real-world data to refine product reliability and support Aurora’s commercialisation strategy. This partnership with SPS is expected to accelerate Aurora’s propulsion development roadmap and strengthen its market position by demonstrating the reliability required for broader commercial and defence market engagement.
The most recent analyst rating on (AU:A3D) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on Aurora Labs stock, see the AU:A3D Stock Forecast page.
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 and associated intellectual property, and is advancing propulsion systems for Unmanned Aerial Systems (UAS) for the Defence sector.
Average Trading Volume: 754,410
Technical Sentiment Signal: Sell
Current Market Cap: A$22.28M
See more data about A3D stock on TipRanks’ Stock Analysis page.