CHARLOTTE, N.C., Dec. 15, 2025 (GLOBE NEWSWIRE) -- IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) is pleased to announce a project with Carver Pump Company (Carver Pump), a leading U.S. manufacturer of mission-critical pumps for the U.S. Navy, to accelerate the production of critical long lead time titanium components for naval shipbuilding. Carver Pump has placed an initial purchase order with IperionX for prototype titanium components. Leveraging its low-cost titanium metal powder and integrated in-h ...

Core Insights - PyroGenesis Inc. has signed a half-tonne contract with a Global Aerospace Leader for titanium metal powder, marking the first order since achieving approved supplier status after a multi-year certification process [1][4] Company Highlights - The contract involves the supply of "coarse" cut Ti64 powder (particle size: 45-150µm) produced by PyroGenesis' NexGen™ plasma atomization process, which will be shipped shortly [2][3] - The contract value remains confidential for competitive reasons, but it signifies a strategic partnership with a major player in the aerospace industry [2][4] - The NexGen™ system is a patented upgrade to the plasma atomization process, enhancing efficiency in metal powder production and reducing costs for customers, thereby reinforcing the company's competitive advantage [4][8] Industry Context - The global 3D printing market for titanium powder is projected to grow from $214 million in 2023 to $1.4 billion by 2032, indicating significant market potential for titanium products [7] - Titanium is classified as a critical mineral by both Canada and the U.S., and is utilized across various industries including aerospace, defense, and electric vehicles due to its high strength-to-weight ratio and corrosion resistance [11]

Company Overview - PyroGenesis Inc. is a high-tech company specializing in advanced all-electric plasma processes and sustainable solutions for heavy industry, focusing on energy transition, emission reduction, commodity security, and waste remediation [1][9] - The company is the inventor of the plasma atomization process and has developed a patented NexGen system, which is considered the gold standard for metal powder production in additive manufacturing [6][9] Recent Developments - PyroGenesis has received its first commercial order for Ti64 "coarse" cut titanium metal powder from a European engineering and material science firm, following successful testing of samples [2][4] - The titanium powder has been produced and is scheduled for shipment to the customer in the coming weeks [2] Market Context - The metal 3D printing market in Europe is projected to reach a revenue of US$11.2 billion by 2030, with a compound annual growth rate of 24.8% from 2024 to 2030 [7] - Europe is a key hub for manufacturing in sectors such as automotive, aerospace, machinery, and electronics, which are expected to drive demand for advanced metal powders [7] Strategic Importance - The development of high-quality titanium metal powders is part of PyroGenesis' three-vertical solution ecosystem, which includes Commodity Security & Optimization, Energy Transition and Emission Reduction, and Waste Remediation [8] - Titanium has been identified as a critical mineral by the Canadian government, highlighting its importance in the industry [8]