IperionX to Produce Titanium Plate for U.S. Army Testing
- IperionX collaborates with U.S. Army for evaluation of titanium products
- Aims to re-shore titanium supply chain to the U.S.
- Reduce reliance on imports
- None.
DEVCOM GVSC may relay the results to select
- General Dynamics Land Systems, an arm of General Dynamics Corporation (NYSE: GD)
-
BAE Systems, Inc., the
U.S. subsidiary of BAE Systems PLC (LON: BA) -
American Rheinmetall Defense, Inc., the
U.S. counterpart of Rheinmetall AG (FRA: RHM) - Oshkosh Corporation (NYSE: OSK)
-
AM General, a privately held firm based in
South Bend, Indiana
The titanium plate for
Titanium is prized for its high strength-to-weight ratio, resistance to high temperatures and corrosion. Titanium is a critical material for many
The
Brandon Pender, Associate Director GVME, GVSC Head of Materials and Manufacturing said:
“We look at the combination of advanced manufacturing and titanium to help us improve both corrosion mitigation and light-weighting in Army ground vehicles. Any relationship that we can pursue to make titanium more affordable as IperionX can potentially do, is valuable to us. The potential to produce titanium plate, with all of its capabilities, that is cost-competitive with aluminium and steel only helps us improve the operational performance and readiness of Army ground systems.”
Anastasios (Taso) Arima, IperionX CEO said:
“We are honored to collaborate with DEVCOM GVSC to evaluate our titanium products for
Appendix I
Key terms of the TSA
The purpose of the Test Services Agreement is to establish a test services effort between DEVCOM GVSC and IperionX, including:
- Characterization of IperionX’s titanium metal plate made via its HSPT process
-
Ballistic testing of IperionX’s titanium metal plate for ballistic strength specifications and other properties required for
U.S Army Ground Vehicle Systems
IperionX will pay DEVCOM GVSC standard market rates to conduct the test services under the TSA, with work to begin in Q3 2023.
About
The
The
About IperionX
IperionX aims to become a leading American titanium metal and critical materials company – using patented metal technologies to produce high performance titanium alloys, from titanium minerals or scrap titanium, at lower energy, cost and carbon emissions.
Our Titan critical minerals project is the largest JORC-compliant mineral resource of titanium, rare earth and zircon minerals sands in the
IperionX’s titanium metal and critical minerals are essential for advanced
About HSPT
Hydrogen Sintering and Phase Transformation (HSPT) is a proprietary technology that forms part of IperionX’s extensive titanium technologies patent portfolio. The HSPT process was developed as a low-cost titanium powder metallurgy process to produce high performance titanium alloys with wrought-like microstructures and mechanical properties.
Zhigang Zak Fang, James D. Paramore, Pei Sun, K. S. Ravi Chandran, Ying Zhang, Yang Xia, Fei Cao, Mark Koopman & Michael Free Powder metallurgy of titanium – Past, present, and future, International Materials Reviews, 63:7, 407-459, DOI: 10.1080/09506608.2017.1366003 (2018)
James D. Paramore, Zhigang Zak Fang, Matthew Dunstan, Pei Sun & Brady G. Butler, Hydrogen-enabled microstructure and fatigue strength engineering of titanium alloys. Sci. Rep. 7, 41444; DOI: 10.1038/srep41444 (2017)
Forward Looking Statements
Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.
Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance, and achievements to differ materially from any future results, performance, or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, the Company’s ability to comply with the relevant contractual terms to access the technologies, commercially scale its closed-loop titanium production processes, or protect its intellectual property rights, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.
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Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements, or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.
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Anastasios (Taso) Arima, Founder and CEO
Toby Symonds, President
Dominic Allen, Chief Commercial Officer
Investors: investorrelations@iperionx.com
Media: media@iperionx.com
+1 980 237 8900
www.iperionx.com
Source: IperionX Limited