Ann: Appendix 4D and Interim Financial Report Half Year 31/12/19, page-2

In November 2018, Aurora unveiled key aspects behind Aurora’s RMT at a talk to major industry groups at Formnext, a leading exhibition dedicated to additive manufacturing, held in Frankfurt, Germany. David Budge, CEO and Co-founder of Aurora Labs, used animation to demonstrate Multi-level Concurrent Printing (MCP) a significant technology developed by Aurora allowing Aurora’s RMT to print much faster than other current metal 3D printing technologies. MCP allows parallel, multi-layer printing, whereby Aurora’s RMP machine prints multiple layers simultaneously in a single pass. By printing on multiple levels at once, Aurora’s machine overcomes key speed limitations in the 3D printing process.

As a result of the MCP release, Aurora is now in detailed discussions with a number of new large potential industry partners that have expressed an interest in either working with Aurora or purchasing machines. A few of the potential partners including:

• 1 land based power generation turbine manufacturer
• 2 of the world’s largest automotive manufacturers
• 2 x aerospace and aviation one based in Europe and one in USA
• 1 x tier 1 chemical processing company
• 2 x heavy machinery one in agriculture and one in mining equipment parts
• 2 x tier 1 oil and gas companies


Aurora is targeting the global metal manufacturing market, expected to reach USD $4 trillion per annum by 20203. High speed, high- quality 3D printing can reduce both cost and lead time for replacement parts. Successful scaling of the RMT should allow printed parts to be manufactured at a price that is expected to be cost competitive with traditional metal manufacturing.
Examples of target markets for Aurora’s RMT printers are as follows:

• Oil & Gas Major projects of USD $147 billion by 20194
• Automotive market - “The profit of the 17 most important (manufacturers) rose in 2017 to a total of around $106 billion
euros ($121 billion)”5
• Power Generation Turbines – sales of power generation gas turbines is projected to be USD $112.11 billion from 2017-20266
• Aviation – requiring some 37,400 new passenger and dedicated freighter aircraft at a value of USD $5.8 trillion over the next
20 years7
• Heavy Equipment – agricultural machinery (sized at about USD $126 billion in 2013) 8, construction equipment (valued at USD
76.8 billion in 2017) 9 and mining equipment (valued at USD $75 billion in 2018)10
projects of USD $147 billion by 20194
• Automotive market - “The profit of the 17 most important (manufacturers) rose in 2017 to a total of around $106 billion
euros ($121 billion)”5
• Power Generation Turbines – sales of power generation gas turbines is projected to be USD $112.11 billion from 2017-20266
• Aviation – requiring some 37,400 new passenger and dedicated freighter aircraft at a value of USD $5.8 trillion over the next
20 years7
• Heavy Equipment – agricultural machinery (sized at about USD $126 billion in 2013) 8, construction equipment (valued at USD
76.8 billion in 2017) 9 and mining equipment (valued at USD $75 billion in 2018)10