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Alpha HPA (ASX:A4N) receives large order from U.S. glass and LED manufacturer

Materials
ASX:A4N      MCAP $1.003B
22 May 2020 03:00 (AEST)
Alpha HPA (ASX:A4N) - Managing Director, Rimas Kairaitis

Source: Finance News Network

Alpha HPA (A4N) has provided an update on activities at its HPA First Project.

The company is utilising the project to produce up to 10,000 tonnes per annum of high purity alumina (HPA). Alpha will do this by sourcing its proprietary licensed solvent extraction (SX) and HPA refining technology.

Alpha’s technology allows for the extraction and purification of aluminium from industrial feedstock to produce alumina for the lithium ion battery, sapphire glass, and LED lighting industries.

Alpha has received a 90 kilogram test sample order from a U.S.-based sapphire glass and LED manufacturer. This order follows a standing order from a South Korean-based sapphire glass and LED manufacturer.

The company is pleased to have secured these orders as it has been actively pursuing outreach activities into the glass and LED industry.

“We are very encouraged to now be receiving test sample HPA orders from the sapphire glass/LED industry as our market outreach work into this sector begins to expand,” Managing Director Rimas Kairaitis said.

To meet the larger sample order, Alpha is preparing an increased volume demonstration scale run at the HPA First Pilot Plant. The relevant pre-cursor circuit and existing drying and calcination circuits are already scaled to meet the larger volume.

Alpha is currently working with KPMG Debt Advisory Team to organise financing for the HPA First Project. The company is also in advanced stages of engineering and by-product activities.

The company is continuing to progress key steps for project permitting under the guidance of external consultants, AECOM.

Alpha is down 6.06 per cent with shares trading for 15.5 cents each at market close.

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