Tuesday, May 30, 2023

IperionX, SLM Solutions Announce Strategic Partnership for Titanium Powder

LUBECK, Germany, Apr 6, 2023 – IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX), a leading provider of sustainable titanium technologies, is pleased to announce the signing of a sales and offtake partnership with SLM Solutions Group AG (SLM), a global leader in metal additive manufacturing systems, for the supply of spherical titanium metal powders from IperionX’s Titanium Demonstration Facility (TDF) in Virginia.

SLM Solutions is a leading international provider of metal 3D printing solutions serving customers with an installed base of over 850 systems and 1,400 lasers globally. As one of the inventors of selective laser melting and pioneered metal additive manufacturing SLM Solutions uses metal powders via the Laser Powder Bed Fusion additive manufacturing modality.

This sales partnership with two leading metal AM technology companies will offer the first 100% recycled titanium metal powders to SLM’s extensive global customer base. IperionX’s unique titanium technologies allow the production of high-quality titanium powders from 100% recycled titanium feedstocks and significantly reduce the carbon footprint and environmental impact of titanium. Annual titanium powder sales offtake volumes will initially commence at 25 tons at a market refenced pricing.

Anastasios Arima, co-founder and CEO of IperionX said: “We are pleased to sign a sales partnership agreement with SLM Solutions, a global leader in metal 3D printing solutions. This sales agreement recognizes the value of sustainable, 100% recycled titanium metal powders for leading companies and will be a unique titanium powder offering for SLM’s global customers.”

Sam O’Leary, CEO of SLM Solutions said: “The partnership between IperionX and SLM Solutions is a real plus for SLM users and expands their material portfolio with recycled low-cost titanium material. We look forward to offer the only 100% recycled titanium metal powder as part of our extensive materials offering.”

About SLM Solutions

SLM Solutions is a global provider of integrated metal additive manufacturing solutions. Leading the industry since its inception, it continues to drive the future of metal AM in every major industry with its customers’ long-term success at its core. SLM Solutions is home to the world’s fastest metal additive manufacturing machines boasting up to 12 lasers and enabling build rates of up to 1000ccm/h. With a portfolio of systems to suit every customer’s needs, along with its team of experts closely collaborating at every stage of the process, SLM Solutions leads the way on return on investment with maximum efficiency, productivity, and profitability. SLM Solutions believes that additive manufacturing is the future of manufacturing and has the desire and capability to take its customers there – right now.

SLM Solutions is a publicly-traded Company headquartered in Germany, with offices in Canada, China, France, India, Italy, Japan, Singapore, South Korea, and the United States.
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Nitin Patil
Nitin Patil
Editor and Director of Content, Nitin completed his Master's in Mass Communication & Journalism and having 13 years of work experience as an editor, content writer with renowned international technical magazines and media companies. He is associated with CAD,CAM industry since 2008.
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