Panerai Places Order for Production Series Titanium Watch Cases
IperionX (NASDAQ: IPX) has secured its first purchase order from Officine Panerai, a division of Richemont SA, for 'production series' titanium watch cases. These cases are to be additively manufactured using IperionX's low carbon, circular titanium technology. Following successful testing, several hundred watch case blanks will be produced. This contract validates IperionX’s titanium technologies and emphasizes the growing demand for sustainable, high-quality titanium across various sectors, including automotive and consumer electronics.
- First purchase order from Panerai for titanium watch cases validates IperionX's manufacturing technology.
- Demonstrates commercial value of low carbon, circular titanium supply, appealing to luxury watch market.
- Over 40 potential customers engaged in titanium metal powder qualification and part prototyping.
- The quantum of the initial purchase order is not material.
Panerai watch cases 3D printed using IperionX’s low
Panerai recently completed testing on the
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 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 defense sectors.
The global automotive and consumer electronic sectors are leading the move towards building low
The Panerai purchase order validates the performance of IperionX’s patented titanium technologies and the quality its low
“The IperionX team is thrilled to be producing the first ‘production series’ titanium watch cases for Panerai using our low
“We believe that
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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.
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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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