Aurora Labs (ASX:A3D) signed a two-year memorandum of understanding (MoU) with an Orion Sovereign Group subsidiary to work together on 3D-printed propulsion engine systems, according to a Friday filing with the Australian Securities Exchange.
The companies will collaborate on printing and aerospace technologies, and the micro gas turbine propulsion system under the deal, the filing said.
Aurora Labs shares rose 10% in afternoon trade.
Price (AUD): $0.09, Change: $+0.0080, Percent Change: +10.39%
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