IperionX and Vegas Fastener to Co-Produce Titanium Fasteners for U.S. Army
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Figure 1: High-performance fasteners manufactured by Vegas Fastener (Photo: Business Wire)
Vegas Fastener, headquartered in
Additionally, the partners will design, engineer and produce titanium fasteners for critical sectors such as the aerospace, naval, oil & gas, power generation, pulp & paper and chemical sectors. These sectors demand fasteners that provide not only high strength-to-weight ratios but also exceptional corrosion resistance for high-performance applications.
The global market for industrial fasteners, valued at
IperionX’s leading titanium technology portfolio includes high-performance near-net shape titanium products, semi-finished titanium products, spherical titanium powder for additive manufacturing and metal injection molding, and angular titanium powder for a wide range of advanced manufacturing applications. These innovative patented technologies allow for world class leading sustainability and superior process energy efficiencies over the traditional Kroll titanium production process.
“We look at the combination of advanced manufacturing and titanium to help us improve both corrosion mitigation and light-weighting in Army ground vehicles. Any relationship that we can pursue to make titanium more affordable, as
“Vegas Fastener has over 25 years of manufacturing and we specialize in the design, engineering and production of high-performance, corrosion resistant fasteners. Our customers
“IperionX is pleased to partner with Vegas Fastener to co-develop and manufacture precision titanium fastener products for the defense, automation, oil & gas, aerospace, chemical and marine sectors, including for
About
Our Titan critical minerals project is one of the largest mineral resources of titanium, rare earth and zircon minerals sands in
IperionX’s titanium metal and critical minerals are essential for advanced
About Vegas Fastener Manufacturing
Vegas Fastener is a global leader in research, development and manufacturing of specialty fasteners and other components made from high-performance materials serving industries such as defense, naval and marine, power generation, oil and gas, chemical processing and water infrastructure. Vegas Fastener has earned a reputation for the highest level of quality in the industry and offers a variety of exotic and specialized materials unmatched in the fastener industry.
Further details can be found on the Vegas Fastener website: www.vegasfastener.com.
About PowerGen
Power Gen Components is one of the nation's leading manufacturers of precision fasteners engineered specifically for power generation and oil & gas applications. Our management and manufacturing teams' extensive experience in specialty nut, bolt and fastener manufacturing makes us competitive, but our obsession with quality, timeliness and service makes us the best. CERTIFICATIONS: ISO 9001:2015, ISO 17025 Compliant, RoHS Compliant, QSLM Compliant and DFAR Compliant.
Further details can be found on PowerGen’s website: www.powergencomponents.com.
Key terms of the product development agreement
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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View source version on businesswire.com: https://www.businesswire.com/news/home/20240501104505/en/
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