AM Press ReleasesLFAMMetal Additive Manufacturing

VEEM partners with Aurora Labs for early access to large scale metal 3D printing

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

VEEM Ltd and Aurora Labs Limited have signed a non-binding term sheet to investigate the potential of Aurora’s 3D printing and large format technology to deliver cost and efficiency savings for the manufacture of VEEM’s specialist technology, including its propellers, fin systems and world-leading gyrostabilisers.

Aurora Labs is an Australian technology and innovation company specialising in the development of 3D metal printers, powders and digital parts. Aurora is currently testing revolutionary industrial grade, high speed, large format 3D metal printers that can be used for large-scale industrial manufacturing on a cost-effective basis.

VEEM Ltd is a manufacturer of high technology Marine Propulsion & Stabilization Systems. “There is huge potential in the use of 3D printing technology to manufacture a range of complex components used in VEEM products, medium and large format 3D printing, especially using metal alloys, is notoriously challenging,” said VEEM Managing Director Mark Miocevich. “Reliability and endurance are critical for high- intensity applications. Aurora’s Large Format Printer, if proved, could provide real cost and productivity improvements for VEEM.”

The agreement between VEEM and Aurora Labs is based on a 4-stage process:

  • VEEM reviewing and critically analyzing Aurora Products and their potential capabilities;
  • Aurora assisting VEEM to assess the potential value to VEEM of utilizing Aurora Products in VEEM’s operations;
  • The parties identifying and evaluating potential opportunities to secure government research and development (R&D) incentives, grants or funding for projects related to the Venture Program;
  • VEEM being provided with the opportunity of making an equity investment in Aurora.

VEEMVEEM products are supplied to some of the world’s leading shipbuilders and marine suppliers including ASC, Austal, Rolls Royce and Volvo. VEEM propellers and fin systems are in use on recreational, commercial and defence platforms globally.

In May 2018, the VEEM Gyrostabilizer VG260SD was selected by Friere Shipyard (Spain) as the roll stabilization system for a 42m fishery patrol vessel for the Government of Kuwait. In June, Europe’s second largest shipbuilder, Damen, conducted sea trials using VEEM Gyrostabilizers off Rotterdam, Holland. Results of the sea trials are due to be announced soon.

“Aurora Labs has developed the most advanced process we have evaluated and represents a significant step forward in large and rapid 3D printing,” added Miocevich, noting that the finite nature of natural resources and the full cost of energy are precipitating a move away from traditional reductive manufacturing.

“VEEM is excited to be able to partner with Aurora Labs to bring the future of additive manufacturing into the present, VEEM sees itself as a role model company for the Australian Government’s drive to develop high-end manufacturing exports,” he added. “This agreement with Aurora, another great Australian technology innovator, is a great step forward for both companies.”

Research
Composites AM 2024

746 composites AM companies individually surveyed and studied. Core composites AM market generated over $785 million in 2023. Market expected to grow to $7.8 billion by 2033 at 25.8% CAGR. This new...

VoxelMatters

VoxelMatters is the online trade media portal published by 3dpbm, a leading marketing and market research firm specializing in the AM industry. 3dpbm also publishes the 3D Printing Business Directory, the AM Focus eBook series and the 3dpbm Research AM Market Reports. 3D Printing Media Network was founded with the goal to provide the latest industry news, insights and opinions to a global audience of professionals and decision makers.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close Popup
Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

Technical Cookies
In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Save
Accept all Services

Newsletter

Join our 12,000+ Professional community and get weekly AM industry insights straight to your inbox. Our editor-curated newsletter equips executives, engineers, and end-users with crucial updates, helping you stay ahead.