AdditiveNow joint venture to service oil & gas, mining and major infrastructure sectors
January 28, 2019
Aurora Labs Limited, Bibra Lake, Western Australia, has entered into an agreement with Advisian Digital, part of the WorleyParsons Group, to form AdditiveNow. The 50/50 incorporated joint venture will aim to provide a complete Additive Manufacturing service, primarily for oil & gas, mining and major infrastructure clients, by combining Aurora’s products and technology with an existing network of industry contacts.
AdditiveNow is expected to focus on developing a service offering that will include consultation, engineering and agile manufacturing. The offerings and the timetable for their deployment will be, in part, dependent upon the continued development of Aurora’s products, systems and technology.
David Budge, Managing Director of Aurora Labs, commented, “The finalisation of this joint venture is a significant step forward for Aurora and for the 3D printing industry as a whole. We look forward to helping our new broader network of customers to find business advantage through 3D printing solutions, especially across the mining, oil & gas and major infrastructure sectors.”
“As our technology comes to market, Aurora is optimistic that interest in 3D printing technology across these industries increase, and Aurora will follow any growth opportunities,” he continued. “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.”
“This has the potential to result in reducing inventory holding costs, freight and manufacturing lead times. We are looking forward to finding more commercial applications of the technology through this joint venture.”