Quarterly Activities/Appendix 4C Cash Flow Report
| Stock | Aurora Labs Ltd (A3D.ASX) |
|---|---|
| Release Time | 28 Jan 2025, 8:30 a.m. |
| Price Sensitive | Yes |
Aurora Labs reports quarterly activities and cash flow
- Novel propulsion engine contract awarded by Commonwealth Government
- Testing of new materials, third contract awarded for advanced materials printing from Defence
- Continued engagement and growth in Defence sector, strong momentum for industrial printing services and printed products
Aurora Labs Limited (ASX:A3D) has provided its quarterly report to shareholders and Appendix 4C for Q2 FY2025. The company has achieved significant milestones in its micro gas turbine program, with further successful test flights and bench testing demonstrating the performance and reliability of its propulsion systems. Aurora Labs has also secured a $300,000 purchase order for services to design and print a novel propulsion system for the Commonwealth Government of Australia (ADF), showcasing the company's propulsion systems and advanced additive manufacturing capabilities. The company is also actively collaborating with potential defence sector customers to expand its micro gas turbine (MGT) engine offerings, including the development and testing of 400N and 800N thrust-class engines. Aurora Labs' participation at the LandForces Conference in Melbourne has provided substantial opportunities to engage with defence primes and government stakeholders, further strengthening its relationships within the defence sector. The company has also secured additional funding through a $2.0 million placement, which will primarily support expanding printing capabilities, resourcing skilled staff, and accelerating the production pipeline for micro gas turbine units.
Aurora Labs is witnessing an increasing demand for reliable, locally manufactured propulsion systems, and its micro gas turbines are gaining substantial traction. The company is confident that its recent engagements will lead to material orders in the near term.
Key focus areas for the next quarter include progressing negotiations with key defence and industrial customers for potential micro gas turbine orders, continuing R&D advancements to optimise the efficiency and reliability of the company's propulsion systems, and advancing certification to further solidify its position as a trusted supplier to the aerospace and defence markets.