Ann: IperionX Awarded $47.1M by the U.S. DoD, page-20

Don't know how far back you go, Qldfox. We already have a collaboration with Lockheed Martin - see the ann 17 Aug '23 - product testing and evaluation. 18 months is a decent amount of time for evaluation. With the new DOD funding, LM might be ready to commit to something more commercial.

IperionX Limited (NASDAQ: IPX, ASX: IPX) has agreed to an order with Lockheed Martin (NYSE: LMT) for the delivery of titanium plate components produced using IperionX’s U.S. manufactured titanium. IperionX’s advanced titanium production technologies have the potential to provide a lower cost and more sustainable U.S. domestic supply chain for titanium raw material.

“Reducing the cost of titanium components will mean broader use of this material to increase the performance of our products,” said Brian Rosenberger, Lockheed Martin senior fellow for Additive Manufacturing Processes and Materials. “With this order, Lockheed Martin will perform an initial evaluation of the material quality and mechanical performance of IperionX’s titanium plate material."

The titanium plate components for Lockheed Martin will be manufactured with powder metallurgy production methods and IperionX’s advanced titanium angular powder. To deliver higher performance and durability, IperionX will also employ its patented Hydrogen Sintering and Phase Transformation (HSPT) technologies, a cutting-edge technique to enhance the microstructure of titanium parts to deliver strength and fatigue properties that are comparable to wrought titanium alloys.

@ShermanWolfe, I also thought it might have run a bit harder. There's a lot baked in at circa $1.5B MC, let alone at the $1.8B it was at $6.00. Also, some other grants in the space have been for US$100M. I was hoping we might hit that mark. Maybe the market was too? IPX trades its own way with a fairly predictable regularity. Wouldn't surprise to see a bit of consolidation at these levels. A deal with Lockheed with dollars attached would make the market sit up and take notice.

Overall, I think the market's looking for signs of production, offtakes etc.

Taso's been unusually quiet...for him!