ASX Tech Stocks: NASA is going to crash into an asteroid
In a world first, NASA’s Double Asteroid Redirection Test (DART) will impact the asteroid Dimorphos – which they stress poses no threat to earth (phew) – on Monday the 26th of September.
The mission will test technology for defending Earth against potential asteroid or comet hazards, hopefully showing how a spacecraft can autonomously navigate to a target asteroid and intentionally collide with it to change the asteroid’s motion in a way that can be measured using ground-based telescopes.
“DART will provide important data to help better prepare for an asteroid that might pose an impact hazard to Earth, should one ever be discovered,” NASA says.
— NASA Asteroid Watch (@AsteroidWatch) August 23, 2022
The company has successfully used its titanium technologies to produce the first low-carbon spherical titanium, aluminum and vanadium alloy (Ti-6Al-4V or Ti64) powder using titanium minerals from its Titan Project in Tennessee as feedstock.
Testing has confirmed the Ti64 powder meets important Grade 5 quality specifications, which accounts for ~50% of global titanium metal use, including in aerospace turbines, structures and engine components for the space, aerospace, consumer electronics, defence and electric vehicle sectors.
The technologies avoid the high-cost, high-carbon Kroll process to create titanium sponge and have the potential for up to a 95% reduction in Scope 1 and 2 carbon emissions.
The global titanium supply chain is dominated by China and Russia, and IPX wants to re-shore an all-American low carbon titanium supply chain with its tech.
“The need to secure a cost effective, low carbon, all-American titanium metal supply chain is of critical importance to major U.S. industries and the U.S. defense sector,” MD and CEO Anastasios Arima says.
“Today’s announcement highlights that these innovative technologies can produce low carbon titanium metal and its alloys directly from domestically sourced titanium minerals from our Titan critical minerals project in Tennessee.
“These patented technologies can deliver production of innovative titanium alloys that were not possible with the current melt processes.”
X2M has nabbed a new customer in South Korea in Yeosu City with a contract for A$1.13m for its water monitoring tech to 4,280 households.
The total addressable market of Yeosu City is approximately 42,000 households, which the company says provide the potential for around A$4.5 million of revenue in the future if they’re successful in securing contracts to monitor all these households.
Deployment of the platform is expected to be completed within twelve months.
This wireless tech company specialises in developing, manufacturing and licensing mission critical radio technologies for wireless equipment manufacturers in the public safety, defence, utilities, transportation and resource sectors.
And today, their UK subsidiary, Etherstack Wireless, has entered a contract with Nokia Solutions and Networks Australia to supply professional services and a pilot license for the deployment of Etherstack’s MCX LMR-IWF product.
“It is obvious that Etherstack has first mover advantage in the provision of 3GPP standards based LMR-IWF technology in key markets around the globe,” CEO David Deacon said.
“We will keep pushing hard in the near term to cement our position as the leading supplier of this technology as public safety agencies transition from traditional digital radio networks to MCX-based solutions over 4G and 5G networks.”
The contract revenue of approximately AUD$755,000 is expected to be recognised this FY 2022 (31 Dec yearend).
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