Watch this space: IperionX books Panerai order for low-carbon titanium watches
Officine Panerai has placed its first purchase order for ‘production series’ titanium watch cases to be additively manufactured using IperionX’s low carbon, circular titanium.
Panerai is a division of US$70 billion market cap Compagnie Financière Richemont SA (SWX:CFR) and recently completed testing on the company’s prototype titanium watch cases. IperionX will now produce a limited edition run of several hundred watch case blanks.
The production series titanium watch cases are being additively manufactured using IperionX’s (ASX:IPX) low carbon, circular titanium powders.
The company says that the purchase order validates the performance of its patented titanium technologies and the quality of its low carbon, circular titanium metal powders.
It also demonstrates the commercial value of a low carbon, circular supply of titanium, which is superior to aluminum and stainless-steel in many applications across the automotive, consumer electronic and defense sectors.
“We believe that IperionX has a competitive advantage in the accelerating shift towards low carbon, long lasting materials that maximize recycled content,” co-founder and CEO Anastasios Arima says.
“We intend to rebuild a more sustainable and lower cost circular U.S. titanium supply chain that uses titanium scrap, to make titanium powders for low carbon, high strength titanium parts.”
IperionX is also working with Panerai to evaluate additional titanium watch designs for future production series manufacturing.
Titanium watches are preferred for their higher strength, lighter weight and superior corrosion resistance, and titanium has now become the choice of material for flagship models amongst many leading watch manufacturers.
The company says the sustainability, quality and production manufacturing capabilities required to meet the demanding specifications for the luxury watch market transfers directly into a range of other titanium market verticals, including the automotive, consumer electronic and defence sectors.
This article was developed in collaboration with IperionX Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.