IperionX Limited (NASDAQ: IPX, ASX: IPX), a leader in
titanium metal production, is pleased to announce it has achieved
the UL Environmental Claim Validation Procedure 2809 for its 100%
recycled, low-carbon titanium metal powder.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230615920750/en/
(Graphic: Business Wire)
UL Solutions (UL) is a global leader in sustainability
standards, and IperionX’s low carbon titanium is the first
commercial titanium metal powder for additive manufacturing to
achieve UL validation for 100% recycled content.
UL recycled content validation is important as titanium metal
powder for additive manufacturing can only be used a limited number
of times before quality is impacted by contaminants or inferior
powder morphology. Out-of-specification titanium powder increases
the probability of defects which jeopardize the structural
integrity of additively manufactured components. Additionally,
titanium metal produced by the standard “Kroll Process” is energy
intensive, high cost, high carbon and is hindered by low levels of
circularity. The current manufacturing process for titanium
products generates large volumes of titanium waste that is
downcycled to the ferro-titanium market or shipped to landfill.
In contrast, IperionX titanium is low-carbon with zero scope 1
and 2 emissions. IperionX can uniquely use 100% scrap titanium as
feedstock to produce high performance, low-carbon recycled titanium
metal via a circular supply chain that doesn’t rely upon mined
resources.
IperionX recently completed a life cycle assessment (“LCA”) for
its 100% recycled, low-carbon titanium metal. This LCA confirmed
that IperionX’s titanium has the lowest quantified life cycle
carbon footprint for commercial titanium powder, with a potential
life cycle carbon footprint of just 7.8 kg of carbon dioxide
equivalents (“CO2e”) per kg. This forecast carbon footprint is over
90% lower than competing titanium powders produced from plasma
atomization, 80% lower than from titanium ingot produced from the
Kroll process, more than 50% lower than aluminium ingot, and near
equal to stainless steel ingot1. Further details and a copy of
IperionX’s LCA can be accessed here.
Notably, IperionX recently won the U.S. Air Force Research
Laboratory Grand Challenge to produce high quality titanium metal
powder from only titanium scrap feedstocks. IperionX successfully
overcame a field of leading titanium companies to produce
low-carbon 100% recycled titanium metal from titanium scrap or
out-of-specification titanium powder feedstocks.
Major companies across the automotive, defense, bicycle,
consumer electronics and green hydrogen sectors desire low carbon
titanium from traceable recycled sources to meet their
sustainability targets. Materials selection is an important way for
manufacturers to reduce the carbon intensity of their products and
yet meet demanding requirements for durability, quality and
performance. IperionX offers these companies a unique and valuable
solution to maximise recycled content, lower carbon footprints and
still produce high performance titanium products.
Anastasios (Taso) Arima, co-founder and CEO of IperionX
said:
“We are very pleased to achieve UL validation for IperionX’s
100% recycled titanium powder. This independent validation
recognizes the sustainability performance of our titanium versus
competing metal products. In combination with the results from our
Life Cycle Assessment, UL validation indicates that IperionX has
the lowest carbon, 100% recycled titanium metal on the market.”
About UL Solutions
UL Solutions delivers testing, inspection and certification
services, together with software products and advisory offerings.
The UL Marks serve as a recognized symbol of trust in their
customers’ products and reflect an unwavering commitment to
advancing UL’s safety and sustainability mission.
About IperionX
IperionX’s mission is to be the leading developer of low-carbon
titanium for advanced industries including space, aerospace,
electric vehicles and 3D printing. IperionX’s breakthrough titanium
technologies can produce titanium products that are low carbon and
fully circular. IperionX is producing titanium metal powders from
titanium scrap at its operational pilot facility in Utah and
intends to scale production at a Titanium Demonstration Facility in
Virginia. IperionX holds a 100% interest in the Titan Project,
which has the largest JORC compliant resource of titanium, rare
earth and zircon rich mineral sands in the U.S.A.
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.
_______________________ 1 Refer to ASX announcement dated April
26, 2023 for details and sources
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230615920750/en/
Anastasios (Taso) Arima, Founder and CEO Toby Symonds, President
Dominic Allen, Chief Commercial Officer
Investors: investorrelations@iperionx.com Media:
media@iperionx.com +1 980 237 8900
www.iperionx.com
IperionX (NASDAQ:IPX)
Historical Stock Chart
From Apr 2024 to May 2024
IperionX (NASDAQ:IPX)
Historical Stock Chart
From May 2023 to May 2024