IperionX Wins U.S. Air Force Titanium Recycling Challenge
IperionX Limited (NASDAQ: IPX, ASX: IPX) has won the U.S. Air Force Research Laboratory Grand Challenge, a competition aimed at identifying promising technologies for titanium metal powder production. This victory validates IperionX’s patented methods for producing low-carbon titanium powders from recycled scrap materials, enhancing the potential for additive manufacturing in defense applications. The company is poised to receive a contract worth up to
- Winning the Grand Challenge validates patented technologies for low-carbon titanium production.
- Eligibility for a contract award of up to $500,000 enhances growth potential.
- Partnership with U.S. Air Force supports advancements in additive manufacturing.
- None.
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IperionX has won the Air Force Research Laboratory Grand Challenge, hosted by the National Security Innovation Network
- The AFRL Grand Challenge involved selecting the most commercially promising technology for producing titanium metal powders from scrap titanium and rejuvenating out-of-spec titanium powders for use in additive manufacturing
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Winning the prestigious AFRL Grand Challenge validates the commercial and technical superiority of IperionX’s patented technologies to produce circular, low-
carbon and lower-cost titanium metal powders
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Additive manufacturing, or 3D printing, is a critical technology for the
U.S. Air Force to manufacture novel and complex geometry titanium alloy parts, including for aerospace and hypersonic missile applications
Winning this Grand Challenge, against a field of leading titanium industry participants, is an important validation of IperionX’s patented technologies to produce circular, low-
The
Only
Titanium metal produced by the current “Kroll Process” is high
The patented technologies were developed by Dr.
Winning the Grand Challenge also complements IperionX’s project with
The winner of the Grand Challenge is eligible for a contract award up to
“Winning the Grand Challenge is an outstanding endorsement of IperionX’s patented titanium technologies.
Our leading technologies can efficiently recycle titanium scrap metal and metal powders at lower cost than existing processes, and we look forward to working closely with NSIN, AFRL and other
Dr.
“The AFRL team is excited to work with
Contract Details
The winner of the Grand Challenge is eligible for a contract award up to
-
Phase 1 (
,000): White paper submission and pitch day$125 -
Phase 2 (
,000): Generation of a precursor titanium feedstock$125 -
Phase 3 (
,000): Titanium powder production$225 -
Phase 4 (
,000): Build, test, and analyze cost savings for the overall concept$25
About NSIN
The National Security Innovation Network is an unrivaled problem-solving network in the
About AFRL
About
IperionX’s mission is to be the leading developer of low
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.
Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control.
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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