Aurora Labs is finalising the details of a joint venture business with WorleyParsons that will accelerate the company’s 3D printing ambitions in the mining space.
The JV company, called AdditiveNow, will ramp up the rollout of Aurora’s patented 3D metal printers to the mining industry.
Perth-based Aurora will form the 50-50 JV with WorleyParsons tech-focused subsidiary Advisian Digital,
The business plans to provide a full rapid manufacture service offering for its clients, gaining access to a rapidly evolving $US3 billion ($4.22 billion) market.
AdditiveNow will employ its rapid manufacturing technology for parts production across the world, particularly in remote areas that could benefit from replacing damaged parts onsite.
It will provide consultation and optimisation studies for additive manufacturing (i.e. 3D printing) plans, engineering services and agile manufacturing for short run productions.
The company also plans to accomodate users through an online parts store, allowing users to download certain designs for parts manufacture, as well as purchase bespoke software and metal powders such as titanium and steel alloy.
“We have already identified and initiated discussions with specific customers for efficiency opportunities to reduce their capital committed to spare parts and inventory, potentially replacing aspects of traditional supply chain with 3D metal printing technology,” said Aurora chief executive officer David Budge.
Parts can be produced for costs up to 90 per cent lower than existing methods while also cutting out the delivery times associated with traditional supply chains, according to Budge.
“High speed mass production of complex metal parts will change the whole landscape for companies, which are constantly looking for ways to reduce their costs and downtime if their machines and production lines shut down through parts breakages,” he said.