• IperionX to manufacture sustainable titanium plate test components for GKN
  • Patented HSPT to deliver increased strength and fatigue resistance
  • Potential for future collaboration on US DoD projects

 

IperionX has snagged another potentially significant order, this time from GKN Aerospace, for the delivery of sustainable titanium plate test components manufactured using its proprietary, advanced technologies.

Titanium’s superior strength-to-weight, resistance to high temperatures and corrosion resistance has made it prized for a range of advanced industries including aerospace.

IperionX (ASX:IPX, Nasdaq: IPX) is looking to disrupt the titanium market with its patented tech, which produces high-strength, low cost, low emission titanium products compared with the incumbent Kroll process.

The company is aiming to re-shore titanium mineral and metal production in the US in a low-carbon, sustainable manner, to reduce its acute reliance on primary titanium imports from foreign nations.

 

Sustainable titanium manufacturing

The company has surged almost 120% year-to-date thanks to a succession of potential supply deals with the US Navy and Army, carmaker Ford, and aerospace giant Lockheed Martin.

The combination of low cost, sustainable US made titanium has now led GKN to order high-performance plate from the company for testing.

GKN is the world’s leading multi-technology Tier-1 aerospace supplier and serves over 90% of the world’s aircraft and engine manufacturers.

It previously carried out successful testing and validation of IperionX’s 100% recycled titanium powder made from GKN scrap titanium feedstocks.

GKN Aerospace’s titanium plate components will be manufactured with IperionX’s advanced titanium angular powder and powder metallurgy techniques.

These include its patented Hydrogen Sintering and Phase Transformation (HSPT) technologies, which employs a cutting-edge process to enhance the microstructure of titanium to deliver strength and fatigue properties comparable to wrought titanium alloys.

Successful testing could lead to further collaboration between the two companies, which could include projects linked to the US Department of Defence.

This has the potential to be transformative for IperionX.

“GKN Aerospace is a leader in sustainability and the precision manufacturing of titanium components for the aerospace, space and military markets,” IperionX chief executive officer Taso Arima said.

“We are very proud to be working with GKN Aerospace to commercialise our market leading high-performance and sustainable titanium products.”

 

 

This article was developed in collaboration with IperionX, 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.

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