VEEM and Aurora Labs 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 is a manufacturer of high technology Marine Propulsion and Stabilisation Systems.VEEM managing director Mark Miocevich said 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. Reliability and endurance are critical for high- intensity applications,” Miocevich said.
“Aurora’s Large Format Printer, if proved, could provide real cost and productivity improvements for VEEM,” he added.
As part of the agreement between VEEM and Aurora Labs, VEEM will review the Aurora products and their potential capabilities and the parties will identify potential opportunities to secure government research and development (R&D) incentives. The agreement also offers VEEM the opportunity of making an equity investment in Aurora.
“VEEM is at the forefront of technology development and innovation, making them an ideal industry partner for Aurora,” Aurora Labs managing director David Budge said.
VEEM 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 Gyrostabiliser VG260SD was selected by Friere Shipyard (Spain) as the roll stabilisation 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 Gyrostabilisers off Rotterdam, Holland. Results of the sea trials are due to be announced soon.